LOS ANGELES, July 7, 2020 /PRNewswire/ -- Mission-driven affordable housing developer, investor, and operator Lincoln Avenue Capital earned spots on rankings in two categories on Affordable Housing Finance's 2019 AHF 50 List, an industry-leading publication that highlights the most innovative and prolific firms within the affordable housing space. AHF ranked Lincoln Avenue Capital as the fourth most active acquirer of affordable housing units among the top 10 companies in the country completing acquisitions in 2019, and the 44th largest overall owner of affordable units in 2019.
Affordable Housing Finance is a leading media voice on affordable housing-related news and trends. It awards positions on its annual AHF Top 50 list to affordable housing companies that have demonstrated excellence in developing, acquiring, and rehabilitating affordable units across the country.
"Four years ago, we launched Lincoln Avenue Capital with a vision for an innovative, savvy, and values-driven affordable housing company," said Lincoln Avenue Capital Managing Partner, Eli Bronfman. "Our rapidly-growing team is proud to have made a significant impact in a short amount of time. Lincoln Avenue Capital invests in communities for the long-term, and we are honored to be ranked among peer owners and operators."
"Lincoln Avenue Capital is committed to preserving and extending the affordability of units in our communities," said Lincoln Avenue Capital CEO Jeremy Bronfman. "We are proud to be named on Affordable Housing Finance's list of industry leaders, and we will continue to advance solutions to meet the vital need for affordable housing."
Under the leadership of Jeremy and Eli Bronfman, Lincoln Avenue Capital acquired more than 3,600 new units in 2019. To date, Lincoln Avenue Capital's portfolio includes 47 properties across 10 states, comprising more than 9,000 units.
About Lincoln Avenue Capital: Lincoln Avenue Capital (LAC) is one of the nation's fastest-growing developers, investors, and operators of affordable housing, providing high-quality, sustainable homes for low-income individuals, seniors, and families nationwide. LAC is a values-driven organization with a portfolio of 47 properties, comprising more than 9,000 units.
SOURCE Lincoln Avenue Capital