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Acquisition targets:
- LIHTC developments
- Properties with existing/expiring Project Based Section 8 contracts
- Properties with expiring state or local affordability restrictions
- Market-rate properties where we can place new regulatory agreements creating affordability
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Property size:
100+ units, but will consider smaller properties in high-cost markets
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Duration:
We seek to hold properties for the long term but will consider shorter-term investments or bridge equity in certain cases
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Equity capital:
Typically $1 million to $20 million, but will consider larger transactions or portfolios
Terms for specific investments are based on location, operating history, business plan/strategy, and alignment with CDT’s mission to preserve affordable housing.