Focus Areas
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Structure special purpose investment funds to capitalize on attractive asset acquisition opportunities with an emphasis on affordable multifamily housing and other social infrastructure.
2023 HighlightsRaised $81.5MM across two funds to purchase and restructure escrow accounts backing securitizations of senior mortgages on affordable multifamily housing properties
Investments deliver attractive current income and projected risk-adjusted returns
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Intricate Bay and its partners source and acquire portfolios of equity interests in affordable multifamily housing projects from developers and investors.
2023 HighlightsIntricate Bay worked closely with Tangram to raise a $72MM to acquire a portfolio of 18 affordable housing properties consisting of 2,312 apartments in 10 states
Intricate Bay provided structuring expertise and capital structure optimization while Tangram sourced the portfolio, obtained necessary consents, and will provide value-enhancing asset management
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Provide consulting on business operating and financial strategy with an emphasis on real estate development and investment.
2023 HighlightsProvided consulting services to the owners of a portfolio of general partnership interests in affordable multifamily housing projects, evaluating various mezzanine debt alternatives and the impact on the portfolio
Engagement resulted in the hiring of Jefferies and Goldman Sachs to lead a $380MM securitization, the largest of its type