Here at Red Stone Equity Partners, we are proud to be a leader in the #affordablehousing industry. Since our inception more than 17 years ago, we have raised and invested over $10 billion of tax equity to facilitate the creation and/or preservation of more than 60,000 units of affordable housing for those in need of a place to call home. We take incredible pride in the impactful work we have accomplished to date here at Red Stone, but there is so much left to do – far too many Americans are under-served and under-housed, and the need for safe, secure, affordable housing has never been greater. We look forward to continuing to invest the time, energy and resources to advance our mission and to serve our valued employees, clients and the communities in which we work. “Since our founding, Red Stone Equity Partners has been at the forefront of the impact investing business. That’s who we are and what we do at our core.” -- Ryan Sfreddo, CEO | Red Stone Equity Partners Learn more about our company, people, partners, and a few projects highlighting the work we do in our latest video. Our work continues.
Red Stone Equity Partners LLC
Real Estate
New York, New York 6,399 followers
We combine entrepreneurial creativity with institutional execution to create & preserve quality affordable housing.
About us
Red Stone Equity Partners ("Red Stone") is a nationally recognized private equity real estate investment firm specializing in the syndication of Housing Tax Credits and Renewable Energy Tax Credits to facilitate the development of affordable multifamily rental housing and renewable energy projects, respectively. Red Stone builds upon long-lasting relationships with investors and developers as it acquires, structures and provides long-term asset management services to its clients. Red Stone Equity has offices in Boston, Charlotte, Chicago, Cleveland, New York and San Diego. Red Stone Equity focuses on the acquisition of multi-family affordable housing apartment communities in proven markets throughout the United States. Since inception, Red Stone has raised over $9 billion in tax credit equity for the development and/or rehabilitation of over 60,000 units in 47 states Washington, D.C. and Puerto Rico. In order to optimize investor returns and reduce long-term portfolio risk, Red Stone Equity's investment strategy is anchored upon (i) understanding the client’s needs, (ii) accurately underwriting the fundamental real estate, and (iii) promoting asset management in order to ensure long-term viability.
- Website
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http://www.rsequity.com
External link for Red Stone Equity Partners LLC
- Industry
- Real Estate
- Company size
- 51-200 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2007
- Specialties
- Affordable Housing, Tax Credit Equity, Fund Management, Asset Management, Renewable Energy Tax Credits, and
Locations
Employees at Red Stone Equity Partners LLC
Updates
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Congratulations to New Urban Development and our partners on the #grandopening of Superior Manor Apartments Phase II in Miami, FL! The new construction development provides 76 units of #affordablehousing for #families in the Miami-Dade community. #lihtc #housing Richard Roberts Chris Murray https://lnkd.in/g-b4G4gA
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Join Richard Roberts and other panelists for the Making an Impact in CRE session tomorrow, 7/26, from 12:45 pm- 1:30 pm at the 2024 Diversity in Commercial Real Estate conference at Columbia University. #diversity
We are excited to announce that Richard Roberts, Principal and Managing Director at Red Stone Equity Partners LLC, will be speaking at the Diversity in Commercial Real Estate Conference on July 25-28, 2024! Register at http://dcre24.quvent.com/ #DCREC #DCRE2024 #diversitycre #diversity #dcre #diversitycrec
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We are proud to be a part of the transformative business of #affordablehousing. At the end of June and marking the end of #PrideMonth, we gathered with our partners, city officials, and the community of Boston, for the ribbon cutting of The Pryde, Hyde Park. The first of its kind, The Pryde is Boston’s first #LGBTQ-affirming affordable housing community for #seniors aged 62 . Congratulations to Pennrose, LGBTQ Senior Housing Inc., our partners, and the community. Thank you to all those who championed this project. To learn more, you can watch the event video here: https://lnkd.in/erVVm-tB
"It's a promise, for generations to come, that Boston will always be a home where you are seen, loved, and celebrated for who you are." - Mayor Michelle Wu #ICYMI: During #PrideMonth, Pennrose, LGBTQ Senior Housing Inc, local officials, and project partners celebrated the grand opening of New England's first LGBTQ-affirmative, #AffordableHousing community for seniors in Boston. The Pryde transformed a former historic school into a vibrant #MixedIncome community with 74 high-quality rental homes. Check out the video to learn more about the years of hard work and collaboration to get this transformative community to where it is today & the impact it will have. https://lnkd.in/erVVm-tB #LGBTQHousing Ed Augustus Executive Office of Housing and Livable Communities City of Boston Philippe Saad DiMella Shaffer Ruthzee Louijeune Ryan Sfreddo Red Stone Equity Partners LLC Gretchen Van Ness Charlie Adams Aileen Montour Kim Driscoll Commonwealth of Massachusetts Rob Consalvo
“Our work goes beyond the pen and the paper. Our work can change lives.”
pennrose.com
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Our Louisville team spent their Summer Day of Service at YMCA Safe Place Services, where they served lunch and participated in an art project with program participants. YMCA Safe Place Services is a branch of the YMCA of Greater Louisville that provides help, hope, and healing to teens and families in crisis, including #homelessyouth and those in need of youth homeless shelters. Thank you for your dedication and work in the #community. #RedStoneResponds #philanthropy #affordablehousing #homelessyouth For more information on the Safe Place Services program, visit https://lnkd.in/grf7dBeV
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Join Andrew M. Markenson and other panelists for the Equity Market Update tomorrow July 23rd at 10:30 am at the Texas Affiliation of Affordable Housing Providers 2024 Texas Housing Conference. #affordablehousing #TAAHP #LIHTC #TexasHousing
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Congratulations to all our partners on the Lirio #groundbreaking! We look forward to developing 112 units of #affordablehousing and #supportivehousing for the community!
Six years after being designated the Lirio site, we were thrilled to break ground with our partners at Housing Works, New York City Department of Housing Preservation and Development, and the Metropolitan Transportation Authority. The site will be the future home to 112 units of 100% affordable and supportive housing, space for tenants to receive crucial services from Housing Works, retail spanning 9th Avenue, and office space for the MTA that will allow them to strengthen their operations. We’re grateful to be commencing work on this public-private partnership. Thanks to our past and current colleagues at Hudson, Christopher Tepper, Aaron Koffman, and Michael Ohlhausen, who assembled this team and responded to this RFP 6 years ago, we wouldn’t be here without your steadfast commitment, vision, and determination, and to Sarah Pizer and Mallory Warner’s many years of hard work and dedication to getting us to this moment. Thanks to the team at CetraRuddy Architecture who have worked on this project since the RFP submission, EP Engineering, DeSimone, Langan Engineering & Environmental Services, GEODesign, Inc., Bright Power, Inc., and so many others who worked to make this project a reality. We could not have gotten here without our lawyers at Hirschen Singer & Epstein LLP and Bryan Cave LLP, who have dedicated many hours and worked masterfully with the various stakeholders to get us to this moment. Thank you to Community Board 4 Manhattan and Council Member Erik Bottcher for your thoughtful input, guidance, and commitment to this project. Special thanks to our financing partners Webster Bank, Merchants Bank IN, Red Stone Equity Partners LLC, and the entire team at HPD who has never wavered in their support for this project. And to the MTA team for their continued commitment and partnership. Hudson looks forward to revitalizing this once underutilized site and delivering 112 units of affordable and supportive housing!
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Our team is dedicated to improving the status and sustainability of communities throughout the U.S. We work with development partners, and state and local governments to develop and preserve high-quality #affordablehousing. We're excited to announce that Cat Vielma has joined Mayor Brandon Johnson's Cut the Tape Task Force, working directly with the Mayor’s Office as part of the Cut the Tape initiative to streamline and expedite #housing and commercial #development. The task force includes nearly 50 industry leaders. Congratulations to the Mayor, the City of Chicago, and the Cut the Tape Task Force members. #lihtc #development #affordablehousing To learn more about the Task Force and Cut the Tape initiative visit: https://lnkd.in/eTQFjeTD
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We are proud to announce the record-breaking closing of Red Stone Equity - Fund 111 Limited Partnership (“Fund 111”). With $256.3 million in gross equity raised, Fund 111 is the largest multi-investor LIHTC fund raised by Red Stone Equity since the company’s inception. Fund 111 will finance the construction and/or rehabilitation of more than 1,500 units of affordable housing for those in need of a place to call home. As we enter the second half of the year, we are eager to continue our efforts and make a positive impact in the communities we serve. Thank you to our dedicated partners and employees. Our work continues. #affordablehousing #impactinvesting #lihtc #partnership #communities
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Red Stone Equity Partners LLC reposted this
Brinshore Development, LLC is thrilled to announce the closing of Manson Place Apartments in Houston, TX. This 9% tax credit development totals 76 units in 7 thoughtfully designed walk-up buildings, in Houston’s Third Ward, adjacent to the University of Houston and Texas Southern University. Manson Place will operate services provided by Family Scholar House, providing parents with at least one minor child case management and comprehensive services (childcare, educational partnerships) to successfully complete a post-secondary educational program. This affordable transit-oriented development is located steps from a bus and light-rail stop connecting residents to employment and recreation centers across Houston. The project also has 66 project-based vouchers from the Houston Housing Authority. Additionally, the land was purchased by Harris County using ARPA funds and ground leased back to the ownership entity. Financing Partners: Amegy Bank Texas Department of Housing and Community Affairs Red Stone Equity Partners LLC Rice University Memorial Hermann Health System Houston Housing Authority Harris County Housing Finance Corporation Harris County Housing & Community Development Development Partners: Alley Poyner Macchietto Architecture Camden Property Trust WGA Consulting Engineers Family Scholar House Asset Living Stewart Title #affordablehousing #houston #texas #closing #parentscholars #developers #postsecondaryeducation #housingforall #ChangingLivesBuildingCommunity
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