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Expertise in Tax-Efficient Real Estate Investments

The MCAP management team has more than 26 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 $510 million in senior living communities, multifamily properties, affordable housing and tax credit related investments. The MCAP Funds have purchased and/or developed more than 3,150 senior living units and 9,500 multifamily units nationwide.

The experienced team that manages the MCAP Funds currently oversees:

  • The ownership and/or management of 14 senior living communities with a combined capacity of 1,050 residents in five states
  • The ownership and operation of 487 multifamily units, including two tax credit partnerships, in two 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