Klein Financial Corporation is the premier real estate investment banking consulting company focused on affordable housing finance and development with a record of approximately $5 billion in financing and developing public and private projects.
The core business strategy is spread across 8 major product types:
- Acquisition Rehabilitation Projects: Existing, stabilized projects in quality locations that exhibit great potential for value enhancement, based on a comprehensive program that would effectively reposition the project within its market area.
- New Construction Projects: New projects in markets that command strong rents, local government participation and quality site attributes
- Mixed Use Projects: Urban high density sites that combine residential and retail uses. Revenue from retail would generally be below 20% of gross revenue. Government financial assistance is common in these types of projects.
- Historic Restoration Projects: Residential and mixed-use projects involving historic structures. These projects generate tax credits from both the low-income housing and historic tax credit programs. These projects are commonly in redevelopment areas and involve government participation.
- Senior Communities offering Congregate Care, Assisted Living and/or Other Services: These projects are independent living communities for senior citizens that offer optional services to the residents to help them age with dignity and respect. These mixed-income projects target the high-income elderly population for the market rate units, and low income residents who are frequently on limited, civil service, teacher, or public and private service organization pensions. Strong government participation, proximity to essential services and lack of competitive product in the immediate market are are key attributes.
- Transit Oriented Projects: These are high-density new construction projects that directly link into mass transit systems. These projects commonly involve sites that are leased from local municipalities or transit authorities.
- Smart Growth Projects: To meet public policy goals, investments that employ smart growth characteristics would be considered. Smart growth concepts include balancing jobs and housing, employing state of the art energy efficiency systems and designing developments to maximize the quality of the environment.
- Workouts: Workout projects that focus on restoring value, through a complete restructuring of distressed multifamily projects from the categories 1-7 above.