MUNICIPAL CAPITAL APPRECIATION PARTNERS

The MCAP Funds is a private equity fund series dedicated to real estate that can be refinanced with municipal bonds, as well as distressed, defaulted and non-rated municipal revenue bonds secured by real estate... Since its inception in 1996, the MCAP Funds have made investments of over $510 million in senior living communities, multifamily properties, affordable housing and tax credit related investments. The MCAP Funds have purchased and/or developed more than 3,150 senior living units and 9,500 multifamily units nationwide... MCAP Advisers LLC also serves as the investor representative for $68 million of Preferred Equity in a 20 communities senior living portfolio previously owned by the MCAP Funds

Also known as: MCAP Advisers LLC, MCAP Funds