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Expertise in Tax-Efficient Real Estate Investments

The MCAP management team has more than 25 years of experience investing in tax-advantaged investments secured by real estate.

Municipal Capital Appreciation Partners (MCAP) employs highly experienced private equity professionals who target investing in: 1) real estate that can be refinanced with municipal bonds, and 2) distressed, defaulted and non-rated municipal revenue bonds secured by real estate.

Since its inception in 1996, the MCAP Funds have made investments of over $920 million in senior living communities, multifamily properties, affordable housing and tax credit related investments. The MCAP Funds have purchased and/or developed more than 3,100 senior living units and 9,400 multifamily units nationwide.

The experienced team that manages the MCAP Funds currently oversees:

  • The ownership and/or management of 13 senior living communities with a combined capacity of 1,100 residents in four states
  • The ownership and operation of approximately 1,535 multifamily units, including four tax credit partnerships, in seven states
  • MCAP Advisers LLC also serves as the investor representative for $68 million of Preferred Equity in a 20 communities senior living portfolio previously owned by the MCAP Funds