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CBRE’s National Tax Credit Advisory Group (NTCAG) is headquartered in Columbus, Ohio and their efforts are driven by seasoned multi-housing professionals Thomas Fischer and Sam Merkle.
The group specializes in the sale and capital structuring of Affordable Multi Housing Apartment Communities throughout the country. These properties were developed utilizing various forms of subsidies including state allocated Federal Low Income Housing Tax Credits (LIHTC’s), the Department of Housing and Urban Development (HUD) rental assistance and debt programs, tax exempt bond financing, and the United State Rural Development program.
NTCAG’s expertise includes property and partnership disposition services, complete debt and equity analysis, financial and market analysis, and the ability to provide financing solutions to its industry clients.
The group provides the following services on behalf of it clients in the affordable housing industry:
- Fee Simple/Asset Sales
- Partnership Interest Sales
- Workouts
- Properties Still in Initial Compliance Period
- Year 15 Properties / Qualified Contacts
- Re-Syndication Opportunities
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- GP Replacements
- Site Acquisition
- Consulting Services
- Opinions of Value
- Debt / Equity Sourcing via CB Melody
- HUD Programs
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NTCAG is comprised of LIHTC industry professionals that specialize exclusively in the brokerage of LIHTC properties within the affordable housing marketplace. In many cases, these properties include various types of HUD involvement ranging from project based rental assistance (HAP) to mortgage loans. These professionals have completed over 80 LIHTC transactions over the last 24 months.
Globally, Investment Properties completed approximately $120 billion in investment sales in 2006. Named “Top U.S. Apartment Broker" by Real Capital Analytics in 2006, CBRE Multi-Housing Group completed over 600 transactions valued at over $22.5 billion.
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