Impact Real Estate

Featured Projects

Enhanced Capital Finances Voluntary Brownfield Remediation and Construction of Mixed-Use Property in New Rochelle, NY

May 24, 2023

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Enhanced Capital was pleased to join Allstate Ventures, Mayor Noam Bramson, City Council Member Ivar Hyden, Deputy City Manager/Development Commissioner Adam Salgado, City Manager Kathleen Gill, and the building architect Chris Fogarty for the groundbreaking ceremony at 33 Westchester Place in New Rochelle, NY, on Tuesday, May 23rd. The 27-story development is New Rochelle’s first PACE project and will offer 315 Class A apartment units, a rooftop solarium, and retail space.


Baking Fresh Economic Opportunity by Revitalizing the Historic Kerns Bakery in Knoxville

October 10, 2022

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Enhanced Capital’s Impact Real Estate group and Crossroads Impact Corp (Crossroads) are proud to partner with developer Four Stones Real Estate, LLC to support economic activity in South Knoxville, TN. Through federal Historic Tax Credits and a bridge loan provided by Enhanced Capital, the former Kern’s Bakery is being redeveloped into an innovative mixed-use community after years of vacancy and voided development attempts.


New Rochelle Brownfields Transformed Into Mixed-Income Apartments

February 9, 2022

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Enhanced Capital’s Impact Real Estate group and Capital Plus Financial are excited to announce their participation in helping to revitalize downtown New Rochelle, NY, with developer Allstate Ventures. Enhanced Capital and Capital Plus Financial helped finance this project, which is a brownfield site cleanup, and construction of mixed-income apartments.


Inspiration from the Past: Preserving the Historic Good Samaritan-Waverly Hospital

November 22, 2021

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Enhanced Capital’s Impact Real Estate group has partnered with Allen University, a historically black university (HBCU) serving minority college and graduate students, to fund the redevelopment of the historic Good Samaritan-Waverly Hospital in Columbia, SC. The Good Samaritan-Waverly Hospital is a 19,935 square foot building that was constructed in 1952 and is listed on the National Register of Historic Places.


Enhanced Capital Supports the Redevelopment of Historic Property in Monroe, Louisiana

November 4, 2021

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Through Louisiana Historic Tax Credits, Enhanced Capital is proud to support the revitalization of the Miller Roy Building in downtown Monroe, LA. Enhanced Capital partnered with developers Michael Echols and Ben Marshall to transform a crumbling, vacant landmark into 18 affordable apartments and a ground floor space for community services.


Enhanced Capital Supports Collage Dance Collective to Become the South’s Largest Black-Owned Ballet School

August 9, 2021

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Enhanced Capital is proud to help Collage Dance Collective (“Collage”) grow by providing an investment through federal New Markets Tax Credits to build a new state-of-the-art facility. Collage is a Black-owned ballet company and dance school in Memphis, TN, that has dramatically impacted children’s lives through professional ballet training since its founding in 2006.


New Markets Tax Credits Support Improvements for Educational Facilities in Underserved Community

July 19, 2021

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Enhanced Capital is thrilled to partner with St. Augustine to provide financing through the Louisiana and federal New Markets Tax Credit program. St. Augustine is a minority-controlled nonprofit college preparatory school for young men in eighth to twelfth grades. Enhanced Capital provided financing to improve the school’s campus by renovating and upgrading the existing school facilities to best-in-class learning environments.


Enhanced Capital Announces Investment in a Transformative Project in Aurora, IL

January 26, 2021

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Enhanced Capital proudly partnered with Fox Valley Developers, LLC to help finance the $118 million redevelopment of the Copley Hospital campus in Aurora, IL. Enhanced Capital provided financing through a bridge loan secured by Historic Rehabilitation Tax Credits and contributions from the City of Aurora, Illinois’ Energy Conservation Authorities’ Property Assessed Clean Energy (PACE) program, and equity to monetize Illinois River Edge Historic Rehabilitation Tax Credits.


Historic Rehabilitation Tax Credits Restore the Past and Reinvent the Future for Fort Worth’s 307 W 7th Street Building

December 17, 2020

Enhanced Capital, a national impact investment firm, proudly partnered with RYLB FW Properties LP and OGL Properties, LLC to support the redevelopment of 307 W 7th Street in the heart of Fort Worth, TX. TX. Enhanced Capital provided an investment through federal and Texas Historic Rehabilitation Tax Credits and provided a tax credit bridge loan to support preservation and revitalization within Fort Worth’s Central Business District.


Enhanced Capital Closes Additional Financing for Philadelphia Metropolitan Opera House

November 23, 2020

Enhanced Capital is pleased to announce the closing of $6 million in additional financing for the historic Philadelphia Metropolitan Opera House (The Met). Enhanced Capital first supported The Met by providing $9 million of Historic Rehabilitation Tax Credits in 2018. The investment supported the building’s restoration into a 3,400-seat concert venue managed and operated by Live Nation, the world’s largest music and concert promoter.


Historic Rehabilitation Tax Credits from Enhanced Capital Support Economic Growth in Macon, GA

November 10, 2020

Enhanced Capital is excited to partner with IDP Properties and Mainsail Lodging & Development to rehabilitate the Bankers Insurance Building, a historic high-rise in Macon, GA. Constructed in 1939, the building once stood as the tallest between Miami and New York. Enhanced Capital provided $4 million in financing through Georgia Historic Rehabilitation Tax Credits to transform the historic building into a Marriott Tribute Hotel and support the local Macon community.


Staunton Innovation Hub Creates an Economic Development Hub with Support from Enhanced Capital

October 9, 2020

Enhanced Capital is pleased to partner with Staunton Innovation Associates, LLC on the Staunton Innovation Hub project to create a space where small businesses, entrepreneurs, and innovators can combine their varied experiences and talents. Enhanced Capital financed $2.4 million in federal and Virginia Historic Rehabilitation Tax Credits, providing capital that will allow the Staunton Innovation Hub to spur the development and success of small businesses within the community.


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