NEWS HEADLINES

C&W and Reigns Capital Form Alliance

By Donna Kimura

Cushman & Wakefield, the commercial real estate services giant, and Reigns Capital, Ltd., an investment banking firm and specialist in tax-oriented real estate investments, have announced an alliance to expand their efforts in the multifamily housing sector.

The alliance will broaden Cushman & Wakefield's ability to offer its clients expertise in the disposition of low-income housing tax credit (LIHTC) properties. Reigns Capital will be able to tap into Cushman & Wakefield's full range of services and capital markets platform.

"As many Sec. 42 properties reach the end of their compliance period, our alliance with Reigns Capital will help us meet increasing client demand for disposition services," said Keith Misner, an executive managing director of Cushman & Wakefield's Capital Markets Group and head of the Apartment Brokerage Services division.

Reigns specializes in placing equity for LIHTC transactions and has expertise in LIHTC dispositions. Led by President Neil Silver, the company has closed more than $10 billion in tax-advantaged transactions, including more than $3.5 billion of equity for affordable housing deals.