Equity:
$3.9B+
Deals:
440+
Units:
29,000+
Ease of execution.
Extensive experience.
We provide personalized service throughout every stage of the transaction, from acquisition to disposition.
West Region
West region, a commitment to excellence and leadership.
Our commitment to the West provides new investment opportunities and greater flexibility for our clients. California in particular is an important area of focus for our investment efforts, given that many of our investment partners have large Community Reinvestment Act (CRA) needs in the state. Demand for high-quality affordable housing often outpaces supply, and we're committed to increasing our investment activity in the area. We take our role as a strong fiduciary to our developer and institutional investor clients very seriously and look forward to expanding our presence in the West by providing efficient execution and sound investments for our clients.
Since 2010, Raymond James has provided over $2.4 billion in tax-credit equity to fund more than 170 affordable housing developments throughout California. This includes the syndication of eleven California regional funds totaling over $1.1 billion in equity. RJAHI recently completed syndication of a $135 million Low Income Housing Tax Credit (LIHTC) fund that will provide equity financing for the construction or rehabilitation of eight affordable housing developments throughout California. The Raymond James California Housing Opportunities Fund 11, LLC, was fully subscribed with eight institutional investors. The 798 total housing units being created consist of both new construction and acquisition rehabilitation properties targeting families, seniors and special needs populations including veterans and chronically homeless persons.
Featured Developments
14th and Raleigh | Portland, OR
Located on the northern edge of the Pearl District neighborhood in northwest Portland, 14th and Raleigh is a newly constructed, 93-unit family LIHTC development. The 12-floor property has 40 units that are set aside for homeless individuals and families. The ground floor will feature a parking garage along with a large lobby and approximately 650 square feet of retail space envisioned as a coffee shop. Community amenities, which include a bike storage room, community room, common laundry facility and both indoor and outdoor play areas, are located on the second floor. The third-party market analyst determined that the subject’s units will have an average rental rate advantage to market of 42%. The property will offer supportive services to tenants. A Resident Service Coordinator will be on to provide direct services and resource referrals to all tenants. Services include eviction prevention, financial education and credit repair, food security, mental health services, workforce skills development, youth engagement and academic assistance. Total development cost is $34 million, with Raymond James investing $12 million.
