Red Stone Equity Partners
Red Stone Equity Partners is a privately-held tax credit equity fund manager founded in 2007 that syndicates LIHTC investments to institutional investors for affordable housing developers across 50 US states.
- Company typePrivate
- Founded2007
- HeadquartersCharlotte, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Red Stone Equity Partners does
Red Stone Equity Partners LLC is a privately-held real estate finance and investment company founded in 2007, specializing in Low-Income Housing Tax Credit (LIHTC) syndication and fund management. The company structures, acquires, and provides long-term asset management for institutional clients investing in affordable multifamily rental housing. As of 2025, Red Stone has invested $13.4 billion in tax credit equity across 909 properties in 50 states, territories, and districts, creating 78,455 affordable housing units. Core product offerings include multi-investor LIHTC funds, proprietary/separate account LIHTC funds, California-specific regional LIHTC funds, non-LIHTC preservation funds, and renewable energy tax credit syndication (932 MW of solar financed).
The company operates as a tax credit syndicator and fund manager that raises equity from institutional limited partners (primarily banks and insurance companies seeking CRA-eligible investments) and deploys that capital into affordable housing developments in partnership with developer operators. In 2025, Red Stone raised a record $1.75 billion from 28 institutional LPs and deployed it across 82 LIHTC properties and three non-LIHTC preservation properties in 28 states with 69 developer partners. Revenue is generated through management fees and acquisition/syndication fees on structured fund transactions. The company maintains regional offices in New York (headquarters), Boston, Braintree, Charlotte, Chicago, Miami, Carlsbad, and San Diego, and distributes through direct institutional sales and developer partner relationships rather than intermediaries.
The business is relationship-driven and relies on a 17-year track record, $13+ billion in cumulative capital deployed, and a tightly held institutional LP base. Management is led by CEO Ryan Sfreddo (25 years of real estate experience, joined 2011), President & CFO Michael Wiggers (26 years, joined 2010), and Executive Chairman Eric McClelland (founder). The executive team expanded from 6 to 10 members between 2023 and 2025, coinciding with two consecutive record fundraising years. Named institutional capital partners include JPMorgan Chase, TD Bank, BNY Mellon, and Freddie Mac, while major developer partners include Hudson Valley Property Group, Eagle Partners, Paces Preservation Partners, L+M Development Partners, Trinity Financial, and Triangle Equities.
Red Stone Equity Partners firmographics
Firmographics- Name
- Red Stone Equity Partners
- Legal name
- Red Stone Equity Partners LLC
- Website
- https://rsequity.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Red Stone Equity Partners is a privately-held tax credit equity fund manager founded in 2007 that syndicates LIHTC investments to institutional investors for affordable housing developers across 50 US states.
- Ownership category
- akta.pro rank
Red Stone Equity Partners industry classification
Industry- Product category
- Real Estate Finance & Tax Credit Syndication
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)
- akta.pro secondary industries
- Real Estate Funds — Opportunistic / Development (FSANAEAI), Real Estate Funds — Value-Add (FSANAEAH)
Keywords
Where Red Stone Equity Partners is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Red Stone Equity Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- LIHTC Fund Management: Red Stone Equity generates revenue by structuring and managing Low-Income Housing Tax Credit (LIHTC) investment funds. They raise equity from institutional investors (LPs) through proprietary fund format and multi-investor fund format, then deploy that capital into affordable housing developments in partnership with developer operators. The company earns management fees and syndication fees from structuring these transactions.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Red Stone Equity Partners product offering
Product offeringCore offering
Red Stone Equity Partners is a tax credit equity syndicator and fund manager that structures, raises, and manages Low-Income Housing Tax Credit (LIHTC) investment funds for institutional investors. It deploys LP capital into affordable housing developments through proprietary, multi-investor, and California-specific LIHTC fund formats, alongside a non-LIHTC Affordable Housing Preservation Fund and a Renewable Energy Tax Credit syndication offering. The firm partners with affordable housing developers to deploy equity, then provides long-term asset management across the fund's life.
Product overview
Red Stone Equity Partners operates as a real estate finance and investment company offering a unified platform of tax credit equity syndication and fund management services. The core offering centers on Low-Income Housing Tax Credit (LIHTC) fund management and syndication, structured through multiple fund vehicles including Multi-Investor LIHTC Funds, Proprietary LIHTC Funds, and California-specific regional LIHTC funds. Complementary to LIHTC operations, the company offers an Affordable Housing Preservation Fund for non-LIHTC preservation investments and Renewable Energy Tax Credit syndication for solar energy projects. The platform serves institutional investors seeking affordable housing exposure while facilitating capital deployment for developers across 47+ states, Washington D.C., and Puerto Rico.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 78,455 affordable housing units created across 909 properties
- +4 more outcomes
Companies that use Red Stone Equity Partners
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Red Stone Equity Partners technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Red Stone Equity Partners partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Eagle PartnerscoreEagle Partners executed $162.5M acquisition of 551-unit age-restricted portfolio (The Hendrix and The Hadley Apartments) in Escondido, CA in partnership with Red Stone Equity, JPMorgan Chase, California Statewide Communities Development Authority, and Affordable Housing Access. Red Stone provided tax credit equity syndication for the transaction.
- Paces Preservation PartnerscorePaces Preservation Partners (strategic partnership between The Paces Foundation and Soho Housing Partners) developed Harrison Village Phase 1, a $220M public-private partnership in Gainesville, GA with Red Stone Equity providing equity investment. The project replaced aging public housing with 120 affordable apartments.
- Eagle PartnerscoreEagle Partners acquired The Hills at Hacienda Heights (350 units) for $107M with Red Stone providing equity. Red Stone also partnered with JPMorgan Chase, California Housing Finance Agency, and Affordable Housing Access. The transaction converted market-rate property to affordable housing restricting all units to households earning up to 80% AMI.
- Affordable Housing AccessmajorAffordable Housing Access partnered with Eagle Partners and Red Stone Equity on California affordable housing preservation transactions, providing equity and structuring expertise.
- Gainesville Housing AuthoritymajorGainesville Housing Authority partnered with Paces Preservation and Red Stone on Harrison Village Phase 1, providing tax-exempt bond allocation through Georgia DCA and issuing bonds for the $220M public-private partnership.
- Trinity FinancialcoreTrinity Financial co-developed 425 Grand Concourse in the Bronx (277 affordable apartments, largest passive house in North America) with Red Stone investing $100M+ tax credit equity in the immediate area. Also developed Beach Green Dunes II in Far Rockaway with Red Stone providing $16M+ tax credit equity.
- MBD Community Housing CorporationcoreMBD Community Housing Corporation (Bronx-based nonprofit) is co-developer of 425 Grand Concourse with Trinity Financial. Red Stone Equity provided $100M+ tax credit equity for the project area. MBD was founded in 1974 to improve Bronx communities through housing development.
- Hostos Community CollegeminorHostos Community College operates a 29,000 sq ft educational facility within 425 Grand Concourse building for their ASAP program, providing educational services to the Mott Haven community.
- Damian Family Care CentersminorDamian Family Care Centers (FQHC) operates Mott Haven Family Health Center within 425 Grand Concourse, providing primary care and dental services to Bronx community with focus on Hunts Point, Mott Haven, High Bridge, and Morrisania.
- Triangle EquitiesmajorTriangle Equities co-developed Beach Green Dunes II (127 affordable apartments) in Far Rockaway with L+M Development Partners. Red Stone provided $16M+ tax credit equity. Triangle is a full-service real estate development firm specializing in complex urban development.
- Greystone Real Estate CapitalminorFormer Red Stone executive Tara Neely joined Greystone Real Estate Capital as Director of Development Risk Management, bringing $2.5B+ in construction cost oversight experience from Red Stone.
Scale indicators20 records
Recent moves6 records
Expansion highlights6 records
Red Stone Equity Partners competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Red Stone Equity Partners social profiles
Digital presenceRed Stone Equity Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Red Stone Equity Partners leadership team
Management profileNumber of profiles
Red Stone Equity Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Red Stone Equity Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Red Stone Equity Partners
What does Red Stone Equity Partners do?
Red Stone Equity Partners is a tax credit equity syndicator and fund manager that structures, raises, and manages Low-Income Housing Tax Credit (LIHTC) investment funds for institutional investors. It deploys LP capital into affordable housing developments through proprietary, multi-investor, and California-specific LIHTC fund formats, alongside a non-LIHTC Affordable Housing Preservation Fund and a Renewable Energy Tax Credit syndication offering. The firm partners with affordable housing developers to deploy equity, then provides long-term asset management across the fund's life.
Is Red Stone Equity Partners a public or private company?
Red Stone Equity Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Red Stone Equity Partners founded?
Red Stone Equity Partners was founded in 2007. It employs 101 to 250 people.
Where is Red Stone Equity Partners based?
Red Stone Equity Partners is headquartered in Charlotte, United States, in the North America region.
How does Red Stone Equity Partners make money?
One revenue line is on record: LIHTC Fund Management.
Does Red Stone Equity Partners have an API?
No public API is recorded for Red Stone Equity Partners.
What industry is Red Stone Equity Partners in?
Red Stone Equity Partners's product category is Real Estate Finance & Tax Credit Syndication. Its primary akta.pro industry code is FSAHAIAM, Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds), with a secondary code of FSANAEAI, Real Estate Funds — Opportunistic / Development. Its NAICS code is 523940 and its SIC code is 6282.