Expired Unemployment Benefits Impact Affordable Housing Owners
The additional $600 in unemployment benefits have helped to stabilized rents through the pandemic. Quote by Jonathan Needell |...
April 28, 2023
Kairos Investment Management Company, a firm specializing in value-based real estate investments, has secured a $175 million credit facility backed by Fannie Mae. Berkadia originated and will service the 20-year credit facility for each transaction.
CEO and founder of Rancho Santa Margarita-based Kairos, Carl Chang commented on the news: “In an inflationary environment with rising interest rates and recession looming, we are well positioned to take advantage of acquisition opportunities in multifamily housing and affordable housing. We anticipate seeing valuations pull back from all time highs which is why we have taken this opportunity to grow our portfolio with the help of Fannie Mae’s lower cost capital option.” He added that their new facility will enable them to act strategically on available opportunities while closing deals more quickly and efficiently.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
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Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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