Lincoln Avenue Capital Acquires Equity Share in 37 Affordable Properties

Lincoln Avenue Capital (LAC) acquired a majority interest in 37 of LHP Capital’s multifamily properties in a $125 million transaction. LHP said it evaluated several prospective equity investors and identified LAC as the organization that most closely aligned with its guiding values and mission. Headquartered in Knoxville, TN, LHP will retain an interest in the 37 properties and will also continue to manage the sites through its property management division.