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MMA Capital Partners

MMA Capital Partners

Real Estate Investment Group

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INVESTMENTS



Our Portfolio has Outperformed Key Benchmarks Since Inception.

MMA targets equity investments in primarily multifamily and mixed-use value-add & opportunistic (VAO) projects in gateway and high-growth urban markets with compelling socio-economic drivers for real estate value creation.

MMA’s Realized Returns from VAO investments has outperformed the average Total Returns of the NAREIT Residential Index and Top-Quintile of U.S. PERE Funds.

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Case Studies

Select investment highlights and case studies.


The Kenmore


One Van Dam


The Indigo




Realized Investments

Past investments that have been fully exited.


1164 Kenmore Ave
Sponsor: Six Peak
Location: Los Angeles
Strategy: Co-living Multifamily
Realized Net IRR: 23.6%
Realized Net EM: 1.53x
Hold: 33 Months
Exit: Oct 2022

Class A 29-bed, 5-unit co-living multifamily development
Court Square 45th St.
Sponsor: Tavros
Location: NYC
Strategy: Residential Pre-Development Assemblage & Entitlements
Realized Net IRR: 16.2%
Realized Net EM: 1.56x
Hold: 48 Months
Exit: April 2022

275K+ buildable SF assemblage with entitlements to develop 300+ rental and 40+ condominium units in the heart of downtown LIC
Indigo Apartments
Sponsor: Blue Heron
Location: Raleigh-Durham, NC
Strategy: Multifamily Value-Add
Realized Net IRR: 74.7%
Realized Net EM: 3.04x
Hold: 33 Months
Exit: Oct 2021

489-unit garden community in the heart of Research Triangle Park with value-add plan to renovate 349 units and common areas

59 Grove St.
Sponsor: Trusted Properties
Location: Ansonia, CT
Strategy: Multifamily Value-Add
Realized Net IRR: 45.3%
Realized Net EM: 1.21x
Hold: 6 Months
Exit: Jan 2020

2-unit split house gut renovation
One Van Dam
Sponsor: Tavros
Location: NYC, SoHo
Strategy: Condominium Retail Development
Realized Net IRR: 18.94%
Realized Net EM: 1.75x
Hold: 39 Months
Exit: Nov 2019

14-story, 25-unit luxury condominium and retail development overlooking historic SoHo
Five Sixty West
Sponsor: Tavros
Location: NYC
Strategy: Luxury Condo Development
Realized Net IRR: 18.5%
Realized Net EM: 1.85x
Hold: 43 Months
Exit (Rollover): Sept 2016

11-story, 40K SF ultra luxury condominium with high-end art gallery on the ground floor

Raza Credit Line
Sponsor: Raza Homes
Location: Philadelphia
Strategy: Small-cap Multifamily Redevelopment
Realized Net IRR: 15.1%
Realized Net EM: 1.31x
Hold: 39 Months
Exit (Rollover): June 2021

Secured revolving credit line providing short-term construction loans for 2-4 unit multifamily redevelopment projects in Philadelphia.
Madison Square Portfolio
Sponsor: Tavros
Location: Midtown South, Manhattan
Strategy: Office / Retail Redevelopment
Realized Net IRR: 28.5%
Realized Net EM: 1.36x
Hold: 25 Months
Exit (Rollover): Aug 2016

Redevelopment of four vacant mixed-used office and retail buildings totaling 340K Class A rentable SF in Midtown South.
48 Ninth Ave
Sponsor: Tavros
Location: Meatpacking, Manhattan
Strategy: Multifamily / Retail Value-Add Repositioning
Realized Net IRR: 8.5%
Realized Net EM: 1.35x
Hold: 47 Months
Exit (Rollover): Nov 2018

Refurbishment of three mixed-use retail and multifamily pre-war buildings including 26K SF of prime retail and 82 apts facing the Meatpacking Plaza.


Unrealized Investments

Ongoing investments closed to new investors.


Langtree Lake Norman
Sponsor: Blue Heron
Location: Mooresville, NC
Strategy: Multifamily Conversion w/ Retail
Start: 2024
Target Exit: 2031

Conversion of 300, lakefront multifamily units to Class A with ~50k SF of retail space; part of a larger lifestyle community including additional retail, hotel, office, and medical office
Rancho Hills Apartments
Sponsor: Gelt Ventures
Location: Vista, CA
Strategy: Garden Style Community Value-Add
Start: 2024
Target Exit: 2030

Light renovation of a 148-unit garden style apartment community strategically located in the larger, masterplanned Shadowridge lifestyle community in Vista, CA
Allure Apartments
Sponsor: Gelt Ventures
Location: Denver, CO
Strategy: Multifamily Value-Add
Start: 2024
Target Exit: 2030

Renovation of a 252-unit core multifamily community strategically located 9 miles southeast of Downtown Denver

The Charles
Sponsor: Blue Heron
Location: Spartanburg, SC
Strategy: Multifamily Value-Add
Start: 2023
Target Exit: 2030

Class A, 208-unit, amenitized multifamily community in the heart of downtown Spartanburg
Hyatt Regency Hill Country Resort & Spa
Sponsor: Woodbine
Location: San Antonio, TX
Strategy: Resort Hotel Value-Add
Start: 2023
Target Exit: 2031

Recapitalization and renovation of an iconic 500-key, full service resort in infill San Antonio, Texas
4014 Ludlow St
Sponsor: How Group
Location: Philadelphia
Strategy: Long-stay Hotel Development
Start: June 2020
Completion: Sept 2022
Target Exit: 2024

Class A 55-unit long-stay hotel development utilizing modular construction, pre-leased to Sonders USA, located in the heart of University City.

426 N. Alexandria
Sponsor: Six Peak
Location: Los Angeles, CA
Strategy: Co-living Multifamily Development
Start: Jan 2019
Completion: Feb 2021
Target Exit: 2024

8-unit, 40-bed, ~17,000 GSF co-living multifamily development on 7,500 vacant lot with underground parking and rooftop lounge located in East Hollywood, LA.
North St. Condo Portfolio
Sponsor: Speter Family
Location: Stamford, CT
Strategy: Class-B Condo Portfolio
Start: 2019
Target Exit: 2023

Two refurbished Class-B, 2-bedroom condos located near downtown Stamford rented to qualified Section 8 / federally funded tenants.
One Riverside Condo
Sponsor: MMA
Location: Philadelphia, PA
Strategy: Luxury Condo Rental
Start: 2017
Target Exit: 2022

One 2-bedroom luxury condo rental with 10-year tax abatement in highly amenitized One Riverside Condominium overlooking Schuylkill River.

The Dime
Sponsor: Tavros
Location: South Williamsburg, NYC
Strategy: Mixed-Use Multifamily / Office / Retail Development
Start: Sept 2016
Completion: March 2020
Target Exit: 2022 (Delayed)

21-story, Class A mixed-use multifamily, office and retail building adjoining the historic Dime bank, including 178 apts and 155K SF of commercial space.
Bayard Lane Condo
Sponsor: MMA
Location: Princeton, NJ
Strategy: Class A Condo Rental
Start: 2018
Target Exit: Hold

Elegantly renovated one-bedroom condo in refurbished multifamily Victorian home located one block from bustling Nassau St in the heart of Princeton.
Ritz Residences Condo
Sponsor: MMA
Location: Washington, DC
Strategy: Luxury Condo Rental
Start: 2015
Target Exit: Hold

One two-bedroom luxury condo in highly amenitized Ritz Residences located near Dupont Circle.

Park Millennium Condo
Sponsor: MMA
Location: Lincoln Square, Manhattan
Strategy: Luxury Condo Portfolio
Start: 2010
Target Exit: Hold

Four adjoining luxury condos overlooking west Central Park in highly coveted Park Millennium Condominium two blocks from Lincoln Square.

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