R4 CAPITAL SURPASSES $1 BILLION UNDER MANAGEMENT WITH STRONG YEAR
R4 Capital raised $428 million in 2015, including $279 million for R4 Housing Partners V
New York, NY — January 25, 2016 —R4 Capital, a national affordable housing tax-credit syndicator and asset manager, announced its year-end results, which include closing three new multi-investor funds and launching its fifth proprietary fund. Highlights include the closing of R4 Housing Partners V LP, a $279-million multi-investor fund with 19 investors comprising 30 properties in 16 states, Puerto Rico, and the District of Columbia, and raising $41 million for R4 California Housing Partners II LP, a fully-subscribed $70 million multi-investor fund with nine investors comprising seven properties that will close in the first quarter of 2016. Additionally, R4 Capital established one new proprietary fund with an existing R4-investor in 2015, and now manages a total of five proprietary funds for financial institutions.
In 2015, R4 Capital also closed its first sale of New Jersey Economic Redevelopment & Growth (ERG) tax-credit certificates and provided $2.3 million of pre-syndication, mezzanine acquisition financing for the firm’s developer clients.
R4 Capital has raised more than $1.1 billion in equity from 46 institutional investors across eight multi-investor funds and five proprietary funds since 2012. The firm was founded in 2011. According to Marc Schnitzer, President and R4 Capital founder, “We are committed to defining our industry’s highest standards in balancing the needs, goals, and objectives of our developer and investor clients. Each year we strive to exceed our clients’ expectations in providing creative and competitive capital to developers and delivering excellent investment performance and transparent, timely reporting to investors. The dedication and diligence of the R4 team are among two of the reasons we have succeeded.”
The firm added 17 new investors in 2015. Also in 2015, the firm acquired 35 properties, which increased its developer relationships and expanded its national coverage by five additional states: Indiana, Maine, North Dakota, New York, and South Carolina. R4 Capital now has properties in 31 states, Washington DC, Puerto Rico, and the Commonwealth of Northern Mariana Islands.