Sign in Subscribe
Housing

National Equity Fund Closes Largest Single Preservation Transaction in Affordable Housing History

Strategic Insights

— 1 min read

National Equity Fund (NEF) has made a game-changing investment, partnering with Guardian Real Estate Services to preserve 2,740 units of affordable housing in Albuquerque and Portland. This $444 million transaction is the largest of its kind in the industry's history, marking a significant milestone in NEF's mission to create and preserve affordable housing.

Key Takeaways:

  • The Albuquerque and Portland Portfolio investment is comprised of 13 former Low-Income Housing Tax Credit (LIHTC) properties, totaling 2,740 units of affordable housing.
  • 93% of the units will remain affordable, ensuring that thousands of homes are safeguarded for low-income families.
  • The transaction represents the most expansive portfolio acquisition to-date for Guardian Real Estate Services, expanding the company's footprint into New Mexico and deepening its presence in Oregon.
  • NEF's structured finance practice, which focuses on the preservation of affordable housing, has contributed to nearly $900 million in structured finance investments over the past year.
  • JPMorganChase is the capital partner behind the investment, aligning with NEF's mission to build and revitalize communities through affordable and workforce housing.
  • This transaction marks the first collaboration between Guardian and NEF, highlighting the commitment of both organizations to preserve housing across the country.

Statistics:

  • $444 million: The value of the Albuquerque and Portland Portfolio preservation deal.
  • 2,740 units: The total number of affordable housing units preserved in the transaction.
  • 93%: The percentage of units that will remain affordable.
  • 13: The number of former LIHTC properties included in the deal.
  • $900 million: The total amount of structured finance investments contributed by NEF over the past year.
  • 260,000: The number of new or preserved affordable homes invested in by NEF since its founding in 1987.
  • $27.2 billion: The total amount invested by NEF since its founding.
  • $260 million: The amount donated by NEF in grants to support its affiliate LISC's nationwide community development work.

Sources:

  • National Equity Fund. (2025, September 2). National Equity Fund Closes Largest Single Preservation Transaction in Affordable Housing History. PRNewswire.
  • National Equity Fund. (n.d.). About National Equity Fund, Inc. (NEF). Retrieved from
  • National Equity Fund. (n.d.). View original content to download multimedia. Retrieved from

Read more