On April 13, 2018, RBC Capital Markets Tax Credit Equity Group announced the closing of the RBC Tax Credit Equity National Fund-27 with total tax credit equity of $158,415,511. The Fund represents the first launch and closing of a multi-investor, multi-property national fund post-tax reform for TCEG and speaks to the strength of investor confidence in RBCCM’s tax credit equity syndication platform in uncertain market conditions. RBCCM-TCEG raised a total of $914 million in tax credit equity in 2017, with $378 million from the three national fund closings.
RBCCM thanks the eight institutional investors for their participation in the Fund. RBCCM’s commitment in the Fund was evidenced by a $2.8MM investment by City National Bank, an RBC affiliate.
The Fund will comprise investments in 19 Low Income Housing Tax Credit (LIHTC) eligible multi-family and senior apartment communities representing 1,773 units of affordable housing in the following 10 states and Washington, D.C. Please see here for a detailed map of the Fund properties.
|Washington, D.C.||South Carolina|