Aedis Real Estate Group is focused on the acquisition, rehabilitation and development of affordable housing throughout the United States, either for its own account, or as an adviser to others. Since 2011, Aedis members have participated in the acquisition of 12 properties totaling just under 1,900 units at a cost of over $117 million and overseen the rehabilitation of over $58 million in capital improvements. Aedis has completed these financings, primarily using tax exempt bonds and 4% Low Income Housing Tax Credits, in six different states.
Aedis forms strategic alliances to cover all aspects of providing affordable housing, from predevelopment funding, arrangement of construction and permanent financing, the development of construction or rehabilitation plans and oversight, short and long-term project guarantees, and asset management.
While acquisition and rehabilitation of existing properties has been the primary focus, Aedis is expanding it business by providing solutions to the homelessness crisis through its Hope Street Initiative. Aedis, along with its partners, are developing programs for all facets of homelessness, including developing recuperative care facilities, transitional housing, and permanent supportive housing for the chronically homeless.
Finding Solutions - Creating Community - Developing Dreams