House Investments enjoys an excellent reputation and a successful history within the commercial real estate industry.
The development and evolution of House Investments began in 1978, as founder Tim McGinley first started connecting real estate investors with commercial real estate properties. Tim’s early investments centered on single–family houses thus garnering the company name “House” Investments.
During the 1980s House Investments primary focus was to raise equity from outside individual investors to deploy into residential and commercial real estate and healthcare properties.
Beginning in 1989, House Investments became extensively involved in the affordable housing tax credit program under Section 42 of the Internal Revenue Code. This prompted House Investments to broaden its investor base to corporate investors. House Investments involvement in the tax credit arena extends to Historic, New Markets and Community Revitalization Tax Credits.
In the 1990s, House Investments product lines expanded to include mezzanine financing to real estate developments. Equity was raised from high net individuals and institutional investors and deployed to several different types of real estate. In 1993, the ownership of House Investments changed as Doug Sylvester and Mike Emkes were admitted as partners. Also in the 1990s House Investments developed its first apartment community. Past activities had involved acquisition of real estate only.
In the 2000’s House Investments affiliates developed, owned, and operated its first assisted living facilities. In 2003, Doug and Mike purchased Tim’s remaining ownership in House Investments. Doug and Mike continue to guide the company with the same integrity, passion and professionalism House Investments has been known for over three decades.
During its history, House Investments has obtained expertise in nearly every aspect of real estate investing – equity raising, acquiring, developing, financing, managing, and asset monitoring. The company has used its extensive experience to act as an intermediary to work out troubled transactions.
Over its life, House Investments has raised over $500 million of equity from over 3000 investors including Fortune 500 corporations, financial institutions, endowments, foundations, and high net worth individuals. The equity raised has been used to acquire and finance properties with original values in excess of $2.2 billion.
Today, House Investments focus is developing, owning, managing, and operating apartments and assisted living facilities. These activities are done both for properties in its own portfolio and for third parties.