Beacon Communities has completed construction, financial restructuring or substantial rehabilitation on over 10,000 apartments in over 70 transactions. We have the proven skills to undertake complex residential real estate transactions. We design, permit, and build developments that range from the adaptive reuse of historic urban buildings to garden-style suburban developments. We also acquire all types of existing multifamily real estate, with an emphasis on existing affordable housing. Each of our developments and acquisitions has varying degrees of permitting, planning, and financing complexity.
In 2016, Beacon opened offices in Albany, NY extending Beacon’s development footprint into the New York region. The Beacon New York office sources new deals in New York and provides day to day project management services, from project planning and financial structuring through construction and close-out.
We acquire and preserve affordable housing. With a strong focus on preserving and renewing affordability, Beacon’s acquisitions and investments team has proven that we can successfully navigate complex regulatory programs and execute transactions that are attractive for all parties involved. We have a demonstrated capacity to arrange financing, close on financing, deliver projected cash flows, and successfully exit in cases where the transaction calls for a capital event. Beacon has completed many transactions that demonstrate an ability to work effectively with existing property owners or general partners on sales, refinancing, or other joint ventures that accomplish a seller’s goals.
We have extensive experience with complicated permitting. Beacon Communities Development has successfully permitted many sites that had significant environmental and land use challenges. These include wetlands, river crossings, rare species, environmental contamination, historic preservation restrictions, noise attenuation difficulties, and mine subsidence problems.
We confront permitting carefully and thoroughly, allowing us to respect and improve the natural and built environments, meet regulatory requirements, and achieve our developments’ programmatic needs.
We embrace financial complexity. We have extensive experience with private and public financing sources. Many of our transactions involve multiple federal, state, and local funding sources, including low-income housing tax credits, historic preservation tax credits, public housing funding, housing vouchers, and public soft debt, as well as private debt.
We are partners. At Beacon, we understand how to work with joint venture partners, resident organizations, and neighborhood groups as well as local, state, and federal governments. Our aim is to address the wide variety of needs and concerns of all our stakeholders and constituents.