Affordable Apartment Development - Services

Acquisition- Existing Properties

Cohen-Esrey Affordable Partners acquires existing tax credit properties of 32 units or more, which are nearing or have reached the end of the initial tax credit period. Our professionals redevelop and recapitalize these properties utilizing Section 42 tax credits.

In addition, we develop and capitalize other existing properties of 32 units or more. These properties may be either conventional or HUD apartments, or buildings that can be converted to affordable housing, using Section 42 tax credits. Our sister companies, Construction Technologies, LLC, and Service Technologies, LLC, round out the projects by offering expertise with any needed physical improvements. Together, we provide quality, attractive, affordable housing that tenants are proud to call home.

Historic Acquisitions and Development

Cohen-Esrey Affordable Partners acquires historic properties that can be converted to senior housing in small Midwestern towns. We’re especially interested in historical buildings on courthouse squares that can be renovated using federal and state historic tax credits as well as Section 42 tax credits. We prefer properties ranging from 18 – 36 units. Our sister companies, Construction Technologies, LLC, and Service Technologies, LLC, round out the projects by offering the expertise needed for any needed physical improvements. Together, we provide high-quality, affordable housing, while preserving the integrity of the historical buildings.

We are currently targeting these states for such acquisitions:

Arkansas Colorado Illinois Iowa

Kansas Kentucky Missouri Nebraska

Ohio Oklahoma Tennessee

Acquisition - Partnership Interests

Cohen-Esrey is actively acquiring general and limited partner interests in existing tax credit properties, particularly those in Year 11 or later. Since its inception, CEAP has been installed as the replacement general partner on 25 properties totaling 2,316 units. The principals of our firm are adept at determining the value of general and limited partner interests. Experts skilled in the field, they creatively structure a satisfying transaction for both the existing general partner and the limited partners.

We are currently targeting these states for such acquisitions:

Alabama Arkansas Colorado Georgia Illinois Indiana Iowa Kansas

Kentucky Louisiana Michigan Minnesota Mississippi Missouri Nebraska New York

Ohio Oklahoma Pennsylvania South Carolina South Dakota Tennessee Texas Wisconsin

New Construction

Extensive experience leads to unmatched expertise. Cohen-Esrey Affordable Partners, LLC (CEAP), has logged years of experience in new construction, making us true experts in our field. Throughout the Midwest, CEAP has constructed numerous projects, often partnering with our sister companies, Construction Technologies, LLC, and Service Technologies, LLC, to provide comprehensive services.