NEW YORK CITY-R4 Capital has closed its fifth LIHTC fund of 2013, with an initial $43.4 million of a new $53.5-million California state multi-investor low-income housing tax credit fund. The fund, R4 California Housing Partners, includes eight properties, totaling 553 affordable housing units. Meridian Investments served as the placement agent and Nixon Peabody as the fund’s legal counsel.

“This fund represents both our long-standing commitment to providing affordable housing in California and our strong presence in that marketplace,” says Ronne Thielen, an EVP in the company’s Santa Ana, CA office.

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