Equity Investments

Over the course of its history, House Investments has focused on many aspects of real estate investing and financing. One has been to provide equity to real estate projects.

These equity investments may be made in an individual project or through a fund in a portfolio of projects. We concentrate on a few, select property types and geographic areas that offer attractive risk/reward profiles. Our strategy is to identify experienced developers with a proven track record in their respective markets, but who may not have the ability to tap public capital markets or meet the minimum size requirements of national equity investors. Investments are considered in new developments as well as existing properties that are besing repositioned. We seek to provide equity to properties diversified by property type, developer/owner and geographic location within the Midwest, Southeast and select areas of the West. This diversification serves to temper the effects of unexpected weakness in a single project or area.

A main area of focus for House Investments relates to real estate projects that generate tax credits. We have been extensively involved in the Section 42 affordable housing program raising over $270 million for investments into these properties. In addition, we played a key role in helping an Indiana non-profit receive a $25 million allocation of the New Market Tax Credits in 2004, placing 100% of this allocation into six properties. We have also worked with Community Revitalization Enhancement District (CReED) tax credits which are available to qualified projects in Indiana and can be used to offset certain Indiana state income taxes.

For more information on House's equity investments, please contact:
Mike Emkes at memkes@houseinvestments.com