Multi-Family Investment
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Tri-Capital Development, LLC was organized in May of 2002 specifically to purchase and revitalize, through improvements and renovations, multi-family residential properties that provide affordable housing for LMI families in the Boston metropolitan area.
Through the acquisition of multi-family properties that were poorly managed and maintained and under-capitalized, the Manager has developed an effective business model that centers upon efficient management practices and making necessary improvements and upgrades to stabilize the property.
These affirmative measures typically increase occupancy levels while preserving sorely needed affordable housing opportunities for those of limited means. Through this effort, affiliates of the Manager have directly contributed to the stabilization and revitalization of numerous housing units in LMI geographies in the Boston metropolitan area.
It is the intention of the Manager to build upon the demonstrated record of success of its affiliates by continuing to acquire multi-family properties and implementing a revitalization plan that addresses the specific management, physical condition and security needs of each property.
Through the implementation of its business model, the Fund intends to help stabilize and revitalize LMI geographies in the Boston metropolitan area, and provide affordable housing while earning a relatively high, risk-adjusted return on the capital provided.