Red Stone Equity Partners LLC announced that 2021 marked the most successful year in the company’s history in terms of fundraising activity. Among other notable accomplishments in 2021, Red Stone Equity said it closed its 12th and 13th national multi-investor LIHTC funds, and fourth California-only LIHTC fund offering, helping the company finish the year with $7.6 billion in tax credit equity raised since the firm’s inception.
“There is an affordable housing crisis playing out across America, made worse by the COVID-19 pandemic,” said Stephanie Kinsman, Red Stone Equity’s managing director of investor relations. “In order to help bring much needed affordable housing to individuals and families, Red Stone Equity is pleased to have raised more than $1.1 billion in tax credit equity in 2021.”
