Exterior of affordable apartment complex

EL PASO, TX—Hunt Cos. said Wednesday afternoon that it was bringing its Hunt Capital Partners business back under its own roof. It's doing so by acquiring Alden Capital Partners, the syndication division of Alden Torch Financial, which in turn had acquired the syndication platform from Hunt.

Deal terms were not disclosed. The business will be renamed Hunt Capital Partners, the name it operated under before its 2015 acquisition by Alden Torch.

Hunt Capital will focus on syndicating federal and state Low-Income Housing, Historic and Solar Tax Credits. The acquisition of the Hunt Capital platform, which will be led by its current senior management, comes two months after Hunt's formation of a strategic alliance with Philadelphia-based affordable housing developer Pennrose Properties this past August.

Chris Hunt, CEO of Hunt, says the acquisition of what is now Hunt Capital “represents our continued commitment to the affordable housing industry.” Hunt Capital president Jeff Weiss adds, “As we continue to grow our affordable housing syndication business, re-establishing our partnership with Hunt provides Hunt Capital Partners with a broader range of tools to help serve our developer and investor clients across the affordable housing industry.”

Currently, Hunt is working as the development partner with housing authorities across the country to deliver more than 6,600 affordable units. Hunt is also a leader in the US Department of Housing and Urban Development's Rental Assistance Demonstration program; for example, it served as co-developer with the Housing Authority of the City of El Paso on phase one of a project to rehabilitate some 6,000 affordable units in that Texas city through the RAD program. Residents began moving in to the updated apartments this past May.

For its part, Hunt Capital has raised over $1.35 billion in LIHTC equity since 2011. After the division's sale to Alden Torch, the Hunt Capital team continued working with Hunt on RAD projects in Savannah, GA, Spartanburg, SC and Portsmouth, VA in addition to initiatives in El Paso.

Deal terms were not disclosed. The business will be renamed Hunt Capital Partners, the name it operated under before its 2015 acquisition by Alden Torch.

Instant Insights /

Hunt Buys Back Syndication Arm from Alden Torch

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