RBCCM’s Tax Credit Equity Group Closes on $158,415,511 RBC Tax Credit Equity National Fund-27

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.

Arkansas Massachusetts Texas
California Montana Washington
Colorado North Carolina Wisconsin
Washington, D.C. South Carolina