Skip to main content

New Equity Fund Focuses on Florida Affordable Housing

Phil Hall
Nov 05, 2019
Photo credit: Getty Images/marchello74

Catalyst Capital Management LLC, a Miami-headquartered private equity investment firm, has announced the creation of Catalyst Capital Fund LLC, a real estate private equity fund focused on the creation of quality, affordable workforce housing in Florida's fastest growing counties.
 
According to a statement from the company, the new fund will “take advantage of opportunistic residential assets and execute its social impact strategy to create jobs, improve target zoned neighborhoods and to generate strong risk adjusted returns for our investors.” Andres McBeth, Catalyst managing partner, said the fund was created because the “demand for entry of level priced homes, creates a pre-heated market for our assets–it's a compelling risk/reward proposition.”
 
The shortage of affordable housing options has been both a real estate and political issue in Florida. In July, Gov. Ron Desantis signed a bill into law that eliminates the ability of county governments to force developers to include a minimum number of inclusionary housing units in new real estate projects or pay an impact fee. Counties will still be able to require a developer to provide a specified number of affordable housing units, but now they must also provide incentives to offset the developer’s costs.

 
Published
Nov 05, 2019
Embrace Home Loans Hires Castiglioni As VP Of Market Growth

Former Wells Fargo exec also will manage growing national condo program

Industry News
Sep 23, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021
Offerpad Expands Into Kansas City, St. Louis

Tech-Enabled Platform For Real Estate Transactions Now In 20 Markets

Industry News
Sep 20, 2021