The news of MuniMae's breaking of an internal record comes on the heels of an announcement that the multifamily property financier exceeded the $1-billion mark in raised tax credit equity in 2004.
"While the majority of the equity in ITC 28 was raised in 2004, the closing of this fund signals a continuing strong demand for our tax credit equity funds, and we are looking forward to another great year in 2005," notes Michael L. Falcone, MuniMae CEO.
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