Sixty West focuses on four specific areas of investment opportunities to generate outstanding returns:
- Low Income Housing Tax Credits
- Historic Preservation and Rehabilitation
- Renewable Energy Projects
- Land Utilization
These four areas allow Sixty West to provide investors with a diverse portfolio designed to optimize their return on investment.
The principals of Sixty West are seasoned professionals. Their experience, combined with that of carefully chosen consultants, compliance managers, and legal and tax advisors, represent a highly skilled network of proven professionals.
Headquartered in America’s Heartland, Missouri-based Sixty West principals comprise a hands-on team committed to providing clients with a portfolio that provides competitive tax-adjusted investment opportunities.
In 2008, in the midst of one of the worst economic downturns since World War II, the Low Income Housing (LIH) Tax Credit market cratered. Investment bank giants including Freddie Mac, Fannie Mae, Bank of America, CitiBank and AIG abruptly abandoned the LIH Tax Credit market they once dominated.
With extensive backgrounds in affordable housing, Sixty West principals Stephen Holden and Matt Mills saw an opportunity and took action by launching CRA Investments. Rather than replicating the approach of the larger institutions, CRA Investments was modeled as a syndicator that provided investors and developers with the direct involvement and personal touch that so many businesses failed to provide during the economic downturn.
Using a model Holden initially developed in 2003, CRA paired profitable community and state banks as investors in local and regional LIH Tax Credit developments. The CRA model provided the investor banks with much needed Community Reinvestment Act credits as well as double-digit, after-tax returns. The result was the development of affordable housing projects built with minimal or even no long-term debt, allowing developers to keep the rents low.
Today, that business model drives the performance of Sixty West. Whether in Low Income Housing Tax Credits, Historic Tax Credits, Renewable Energy Projects or Land Utilization, Sixty West provides investors with a diverse portfolio designed to optimize ROI.