Kairos Acquires 195-Unit Affordable Property in Las Vegas
Affordable Housing Finance December 8, 2021 Kairos Investment Management Co. (KIMC), a firm that focuses on value-based real estate...
September 2, 2020
Investing in housing that serves communities experiencing coronavirus-induced financial hardship may seem counterintuitive. But for some developers this is the perfect time.
One advocate of this idea is Jonathan Needell, president & CIO of Kairos Investment Management Co., who points to both the maturation of development under the Low-Income Housing Tax Credit program and the nation’s current predicaments.
Given the initial 15-year LIHTC compliance period under the Tax Reform Act of 1986 that created the program, the first LIHTC properties started selling around 2001. The second wave of development involved mostly larger properties. In total, there’s been some $130 billion of LIHTC investment to date.
Affordable housing is “a niche that’s coming into its own, in terms of institutional investor involvement,” said Needell.
Further, economic downturns create even more demand for low-income housing. Needell cited a CohnReznick report released shortly after the Great Recession that showed higher nationwide average occupancy in affordable versus market-rate housing by 3 percentage points or more. The report noted that a big driver of such high occupancy was the ongoing shortage of low-income housing.
Rent collections in low-income housing also tend to be higher, Needell said. “There are good tenants at every income level.” Lower revenues in affordable housing are offset somewhat by lower turnover. “Generally, it makes for a more stable rent model,” he added.
Affordable Housing Finance December 8, 2021 Kairos Investment Management Co. (KIMC), a firm that focuses on value-based real estate...
GlobeSt. August 2, 2022 Indications that the high-performing industrial market has hit a plateau are growing, according to a...
Sector accounted for 20% of global commercial real estate spending this year Quote by Jonathan Needell | The Real...
The property is located close to The Strip and downtown Las Vegas Yield PRO November 18, 2021 Kairos Investment...
REBusiness Online August 15, 2023 Kairos Investment Management has provided a senior bridge loan to Harbor Associates for the...
Commercial RealEstate Direct March 6, 2023 Hudson Pacific Properties Inc. has sold the 205,189-square-foot office building at 6922 Hollywood...
Real Estate Capital USA August 2, 2022 The Federal Reserve’s well-publicized program of interest rate hikes – including a...
While in-person shopping should increase, demand for modern facilities will also rise. Quote by Jonathan Needell | GlobeSt.com January...
18101 Von Karman, Suite 1100
Irvine, CA 92612
(949) 709-8888
(949) 800-8500
investorreporting@kimc.com
Copyright © 2024 Kairos Investment Management Company | Disclosures
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.
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/