A recent assignment provides and example of The Pinyon Group’s ability to add sophisticated and reliable capacity to the acquisitions and asset management functions of a top 25 ranked U.S. institutional multifamily owner/operator.
The Client had no previous experience owning or managing Low Income Housing Tax Credit (LIHTC) affordable housing, but wished to enter the business and to form and expand a new business unit within the firm to focus on these assets.
The Pinyon Group was retained as strategic advisor to assist the firm with its entry into the LIHTC affordable housing business through the acquisiton of the general partner interests in a portfolio of over 60 assets totaling over 6,400 units.
The Pinyon Group’s scope of work included assistance with underwriting, business plan development, due diligence, asset transition, and activities related to the formation, planning, and startup of the new business unit.
