National Equity Fund, a nonprofit organization that manages real estate investments for affordable multi-family housing, has expanded its presence in the Western region by acquiring Mountain Plains Equity Group (MPEG), Inc. This includes taking ownership of MPEG Acceptance Corporation.
Headquartered in Chicago, National Equity Fund has acquired the assets of MPEG to establish a stronger foothold in states such as Alaska, Colorado, Montana, North Dakota, South Dakota and Wyoming. Founded in 2003 as a small Low-Income Housing Tax Credit (LIHTC) syndicator based out of Billings,Montana , MPEG specializes in developing affordable housing projects. Additionally , they have created an investment entity called MPEG Acceptance Corporation which serves as a special limited partner for dLIHTC project partnerships.
According to Matt Reilein,president and CEO of National Equity Fund,”The acquisition allows us direct access to expand our market share into states where we previously did not have much presence.”
