Housing
One of the most tenured housing practices in the industry
$12.2B
In par amount of 233 single family and multifamily housing transactions since 2018*
No.3
In the nation by par amount of single-family housing transactions in 2022**
48
Year history serving a variety of clients in the housing sector
Offering comprehensive services to housing clients nationwide
We provide advisory and investment banking services to local finance agencies, developers, real estate management companies and owners/operators of affordable housing. Our practice is split between the affordable housing group and the state housing group. Both are driven by strong, long-lasting client relationships.
*Multi-family and single-family housing transactions. Source: Thompson Reuters, 2018-2022, all roles and bid types.
**Competitive and negotiated long-term transactions. Source: Thompson Reuters as of 01/23/2023
Our team has expertise in a broad range of transactions and programs, including:
What we do
State housing
We have served as an underwriter or financial advisor for housing programs with state housing finance agencies in 11 states over the past three years. Our team has also served a variety of local issuer and housing developer clients in both an underwriting and an advisory capacity.
Current client list:
- Idaho Housing and Finance Association
- Illinois Housing Development Authority
- Iowa Finance Authority
- Minnesota Housing Finance Agency
- Montana Board of Housing
- North Dakota Housing Finance Agency
- Pennsylvania Housing Finance Agency
- Texas Department of Housing and Community Affairs
- Vermont Housing Finance Agency
- West Virginia Housing Development Fund
Affordable housing
Our affordable housing group offers innovative, objective and timely advice for real estate professionals looking to finance the acquisition, new construction, or refinancing of multifamily housing properties across the U.S.
We leverage our real estate knowledge and extensive network of investors to provide clients with tailored structures and executable advice to achieve the best pricing and terms for every transaction.
Our clients include:
- Real estate operators
- Real estate developers
- Real estate consultants
- Non-profit organizations
- Public housing authorities
Case Studies
Minnesota Housing Finance Agency (“MHFA”)
Vermont Housing Finance Agency
Why partner with us
Our 16-member housing and real estate group (including both single family housing and multi-family housing specialists) draws on the knowledge and resources of the firm's full service municipal trading desk, short-term municipal desk, as well as the derivatives and reinvestment team. The combination of our comprehensive HFA financial advisory experience with our strong market knowledge as an active underwriter allows us to provide optimal resources and services to our clients.
