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A-Rod Corp’s Monument Capital Management Launches Workforce Housing Fund with $100M Target

Miami, FL-based Monument Capital Management, an A-Rod Corp (i.e., the former Yankee) company, has launched Monument Opportunity Fund V, its fifth value-add workforce housing fund and the largest to date.

“The rising cost of homeownership coupled with housing shortages, underscore the need for workforce housing across the country. We believe this will continue to be one of our nation’s greatest needs in the foreseeable future,” says Erin Knight, president of MCM. “We are proud to be a small part of providing high-quality housing to a broad range of the workforce.”

MCM, which will soon celebrate its 10th anniversary, will chiefly focus on continued growth within specified Sunbelt States and select growth areas in the Midwest.

MCM has acquired almost $1 billion of real estate assets across 14 states through opportunity funds and joint ventures. It employs a strategy that focuses on secondary and tertiary markets with excellent job growth, a key component of high-need areas for workforce housing.

Photo: MCM-acquired Sterling Hills in Johnson City, TN

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Monument Capital Management's Knight

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Financing