Cypress Equity Investments
11/24/2025 | Press release | Archived content
CEI Launches Affordable Housing Investment Partnership
CEI Hillcrest in Antioch, Calif., is one of 11 ground-up affordable housing communities CEI and an unnamed partner are developing. The 165-unit property will offer units rent capped at 60 percent of area median income. A construction timeline was not disclosed.
LOS ANGELES - Los Angeles-based developer Cypress Equity Investments (CEI) and an unnamed Florida-based investment firm have partnered to build or acquire approximately $1.2 billion worth of affordable housing communities. The venture is being launched with 11 ground-up projects that are already in place in California and Florida. Target markets for future opportunities include the Carolinas, Tennessee, Texas and some markets in the Northeast. Some of the deal characteristics CEI is seeking will include communities with on-site resident services, developments that partner with nonprofits and acquisitions of other existing institutional quality affordable housing investment platforms.
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