CAF Funds/Goldman Sachs Group Acquires 8 Texas Rental Properties
CAF Funds has acquired a portfolio of eight multifamily housing communities, growing its impact-driven portfolio to a total of 16 properties across Texas. The Obsidian portfolio was acquired by CAF in partnership with the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs).
With this acquisition, CAF Funds and Goldman Sachs jointly own 3,800 units throughout Texas, bringing CAF’s ‘Impact + Housing’ platform to upwards of 6,000 units. CAF Funds’ socially conscious investment platform layers nonprofit partners into the communities to provide resources and services that are purposefully aimed at resident wellbeing. Nonprofit programming includes after-school childcare, tutoring, summer camps, workforce development training, rental assistance, financial literacy, among others, and is provided to residents free of charge.
Additionally, CAF has partnered with Esusu across the portfolio to automate the reporting of monthly rent payments to credit bureaus as a tool to boost credit scores across the resident base.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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