National Equity Fund, a Chicago-based nonprofit organization specializing in multi-family affordable real estate investments, has recently expanded its operations in the western region through the acquisition of Mountain Plains Equity Group (MPEG), Inc. This includes taking over ownership of MPEG Acceptance Corporation.
Headquartered in Billings, Montana, MPEG was established as a small Low-Income Housing Tax Credit (LIHTC) syndicator back in 2003. Since then, it has focused on developing affordable housing projects primarily across six states: Alaska, Colorado, Montana North Dakota South Dakota and Wyoming. To facilitate project-level investments for these developments,MPEG created 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 of Mountain Plains Equity Group allows us to establish our presence more directly within states where we have not traditionally held a large market share.”
