A new low-income housing tax credit syndication (LIHTC) firm has entered the scene.
Hunt Capital Partners, LLC, will focus on LIHTC syndication and proprietary debt production securitization, with both tax-exempt and taxable bonds.
A subsidiary of Hunt Cos., Inc., the new firm is headed by President Alan Fair, who had been senior vice president of finance and senior managing director at SunAmerica Affordable Housing Partners, Inc.
He is joined by three other senior executives—Jeffrey Weiss, investor relations; Dana Mayo, acquisitions; and Bryan Townsend, underwriting and asset management.
They are familiar names in the industry. Weiss had been senior vice president, investor relations, at Alliant Capital. Prior to that, he oversaw syndication and asset management at Simpson Housing Solutions. Mayo also comes from Alliant Capital, where he had been vice president of acquisitions. He also worked as senior vice president at SunAmerica Affordable Housing Partners. Townsend has been a consultant to the tax credit industry.
Founded in 1947, Hunt and its affiliates have been a leading real estate investor, manager, developer, and contractor, with a focus on military and multifamily housing. Its real estate investments consist primarily of ownership interests in more than 44,000 multifamily housing units.
The company is among the nation’s top multifamily housing builders.
Executives at the new firm hope to carve out a niche in the market. As a syndicator, it is going to be able to use the firm’s balance sheet to provide certain backstops and guarantees on deals, said Mayo.
Hunt Capital is working on acquiring properties. It hopes to go to market in the first quarter of 2011. The firm has offices in Los Angeles and Alexandria, Va.