INVESTMENT STRATEGY
Investing in differentiated housing attainable to middle-income households
DEVELOPMENT
Civicap has invested over $360 million of equity through both development and acquisition strategies.
Civicap provides market-based attainable housing in a market that is largely focused on conventional product.
Differentiated Product Types
Civicap delivers differentiated product strategies to workforce households. Products include de-amenitized Urban Infill, surface-parked Urban and Suburban Garden, and a Hybrid Build-to-Rent product that is unique to Texas
In-House or Co-GP Development
Development is done in-house or via Co-GP, ensuring efficient execution and enhanced economics for the firm and its investors
Lower All-In Basis
Civicap starts with a workforce rent and builds to the price point by underbuilding sites, avoiding structured parking, and taking a thoughtful approach to amenities and masonry
ACQUISITION
Prime Locations
Preserve high-quality attainable housing in prime locations
Replacement Cost
Pursue properties at or below replacement cost
Explore Range of Tactics
Execute a range of tactics including core, core-plus, value-add, and opportunistic
Tax Abatements
Implement tax abatement joint venture programs to increase returns and retain affordability