Transaction Overview
George Smith Partners arranged a $7,700,000 programmatic joint venture equity structure for three distinct affordable multifamily initiatives in Washington, DC: recapitalization of a stabilized 49-unit property, minor rehabilitation of 56 existing units, and new construction of 87 ground-up units totaling 192 units across the portfolio. The structure creates a programmatic partnership where the sponsor secures consistent equity funding while the equity provider gains access to the sponsor's future project pipeline for potential additional investment opportunities.
