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Key Characteristics

  • Aegon AM has extensive industry knowledge gained through managing and investing in US low-income housing tax credits (LIHTC) since 1987

  • Consistent market participant with over $4.6 billion invested since 2003 for institutional clients in 66 vehicles1

  • Established deal pipeline with majority of deals from repeat developers

  • Dedicated client relationship management and comprehensive investor reporting

Overview

  • Leverages over 35 years of experience to source, underwrite and manage real estate assets that qualify for US low-income housing tax credits (LIHTC), and other forms of tax credits.
  • Provides potential to earn attractive after-tax returns generated through a stream of tax credits and tax benefits, and in some cases, cash flow, generated by the underlying real estate assets.
  • Diversified, long-term strategy focused on quality, growth and sustainability. Our LIHTC portfolio is comprised of 385 partnerships across the US, and we have helped created over 133,000 units of housing.1,2
  • Investment process incorporates a time-tested system of controls and processes and includes sourcing, acquisitions and underwriting, investment committee and closing, asset management, and disposition.
  • Supported by dedicated, in-house legal, accounting, corporate tax, valuation, environmental and engineering departments.
  • Proprietary and multi-investor portfolio opportunities to meet economic and/or Community Reinvestment Act (CRA) investment parameters.

 

1As of September 30, 2022.

2Number of units includes deals managed directly by Aegon Real Assets, and investments in which Aegon Real Assets affiliates hold an interest but are not managed directly by Aegon Real Assets.

 

Offered exclusively to US investors by Aegon RA.

The positive impacts of US LIHTC investing

 

The affordable housing industry is just beginning to work towards building a shared system of metrics to measure the positive impacts of US Low-Income Housing Tax Credit investments.


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Portfolio Managers

Lynn Ambrosy

Lynn Ambrosy

Managing Director, Portfolio Manager

Lynn Ambrosy is a managing director and the portfolio manager for tax credits responsible for raising capital, investor development, and relationship management. 

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Heather Pierce

Heather Pierce

Associate Director, Assistant Portfolio Manager

Heather Pierce is an associate director and the assistant portfolio manager for tax credits responsible for investor development and relationship management. 

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