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December 9, 2015

Tax Credit Group is sold to CBRE

By JOURNAL STAFF

LOS ANGELES — CBRE Group said it has acquired Tax Credit Group of Seattle, a firm that provides sales and financing services to owners of affordable housing, including Section 42 and Section 8 units.

TCG will operate as CBRE Affordable Housing in the Los Angeles-based firm's capital markets division.

TCG has been in business since 2001, focusing on valuation and sale of properties that carry tax credits, and has executed more than $10 billion in sales and financing across the country, according to CBRE.

The staff of more than 50 is led by Robert Sheppard, Armand Tiberio, Spencer Hurst and Jeff Arrowsmith.

CBRE said it is the world's largest commercial real estate services and investment firm based on 2014 revenue, with more than 400 offices worldwide.




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