Manhattan Beach, Calif.—Raymond James Tax Credit Funds (“RJTCF”), a national syndicator of affordable housing, has opened an office in Manhattan Beach, part of the Los Angeles area, which will be headed by RJTCF executive Kevin Kilbane. Kilbane, the managing director of West Coast acquisitions, is tasked with leading RJTCF’s acquisition efforts in multifamily affordable housing properties on the West Coast.
Over the past 18 months, RJTCF has invested approximately $120 million of equity in a number of affordable housing properties throughout California. The investments cover a diverse range of housing, including supportive housing for special needs populations such as homeless and/or mentally ill individuals, senior housing, inclusionary housing and large-scale urban-infill redevelopment projects. Recent investments include a $25 million equity investment in a 120-unit single room occupancy project for homeless and mentally ill individuals in downtown San Francisco, and a $20 million equity investment in a 94-unit redevelopment project in San Diego’s Barrio Logan neighborhood.