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In addition to noting that as CDT celebrates its 25th anniversary, we are “the nation’s first and largest REIT dedicated to affordable housing,” the article points out that “CDT has grown from its first capital raise of $32.5 million in 1999 to $3.6 billion in total current investments, currently supporting more than 38,000 affordable units and 140,000 residents.”
The timing for our investment in the Essential Housing Impact Partnership (EHIP) along with our partners The Michaels Organization and Goldman Sachs Urban Investment Group (UIG) could not be better. It will help preserve a 10,000-unit portfolio that houses 30,000 residents at a time when the need for affordable housing has never been higher.
Read the full article on the Nareit website here: https://www.reit.com/news/articles/cdt-celebrating-25-years-closes-its-largest-ever-affordable-housing-deal.
