CREI Holdings

What CREI Holdings does

CREI Holdings (Consolidated Real Estate Investments Holdings LLC) is a Miami-Dade County, Florida-based private real estate firm founded in 1982 that develops, owns, and manages affordable and workforce housing. The company targets a tenant mix in which roughly 40% of units are reserved for low-income seniors at up to 80% of area median income (AMI) and the balance is offered at up to 120% of AMI, addressing a market where Miami-Dade faces a projected 116,000-unit affordable housing gap by 2030.

The portfolio centers on the Li'l Abner apartment community in Sweetwater, FL, comprising Li'l Abner I (87 units, delivered 2013 and LEED-certified), Li'l Abner II (244 units, completed April 2023), and Li'l Abner III (316 units, under construction with delivery targeted for Q1 2026). At stabilization of Li'l Abner III, the operating portfolio will total 647 units. The company is led by Managing Member Raul F. Rodriguez and operates with 11–50 employees. Resident services are delivered through the affiliated Li'l Abner Foundation, which runs community programs, health services, and resident-support initiatives — a differentiator that has coincided with full occupancy, a 1,000+ applicant waitlist, and sub-1% turnover at Li'l Abner I.

The business model is direct real estate ownership and operation: CREI generates revenue from rental income on stabilized assets, supplemented by developer fees on new construction. Growth is funded almost entirely through institutional and bank debt — including a 2019 Fannie Mae refinancing via Hunt Real Estate Capital ($52M), a 2021 Centennial Bank construction loan ($33M), a 2023 Lument refinancing ($41M), and a 2024 Centennial Bank construction financing ($67M) — implying approximately $193M in cumulative debt raised across the Li'l Abner portfolio. The company's expansion cadence is set by single-asset development cycles in a single submarket, with the City of Sweetwater as its primary municipal partner.

Name

CREI Holdings

Legal name

Consolidated Real Estate Investments Holdings LLC

Website

https://creiholdings.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

CREI Holdings is a Miami-Dade-based private real estate firm founded in 1982 that develops, owns, and manages affordable and workforce housing through its Li'l Abner apartment community in Sweetwater, FL, serving low-income seniors and moderate-income households.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), Lessors of Real Estate (5311)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Senior & Assisted Living Residential Property Management (BPAJAFAE), Multifamily Apartment Property Management (BPAJAFAA), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Affordable housing development
• Workforce housing communities
• Senior housing properties
• Residential real estate development
• Rental property management

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Affordable & Workforce Housing Development & Management: CREI Holdings develops, owns, and operates affordable and workforce housing apartment communities. Revenue is generated through rental income from tenants in affordable housing units, with income eligibility ranging up to 120% of area median income (AMI). The company also benefits from government-supported financing mechanisms including construction loans, refinancing loans, and likely affordable housing tax credits.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

CREI Holdings develops, owns, and manages affordable and workforce housing apartment communities in Miami-Dade County, Florida. The company's portfolio includes three Li'l Abner properties (Li'l Abner I, II, and III) totaling 647 units, providing rental housing to low-income seniors aged 55+ and workforce households earning up to 120% of area median income. Properties feature amenities such as swimming pools, clubhouses, fitness centers, courtyards, and community event spaces, with Li'l Abner I designated as a LEED-certified building by the Green Building Certification Institute.

Product overview

CREI Holdings operates a portfolio of three affordable and workforce housing apartment complexes in Sweetwater, Miami-Dade County, Florida. The product line consists of Li'l Abner I (87 units, completed 2013), Li'l Abner II (244 units, completed 2023), and Li'l Abner III (316 units, under construction, expected Q1 2026). All three properties target affordable and workforce housing needs, with varying allocations for low-income seniors and residents earning up to 80-120 percent of area median income. The company develops, owns, and operates these residential properties as integrated components of its community-focused housing portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Li'l Abner I Apartments 87-unit affordable apartment complex for seniors completed in 2013, featuring amenities including swimming pool, tennis courts, and clubhouse. Fully occupied with a waitlist exceeding 1,000 people and turnover rate under one percent. LEED-certified designated building by the Green Building Certification Institute.
• Li'l Abner II Apartments 244-unit affordable and workforce housing complex completed in April 2023, an 8-story building designed by Burgos Lanza Architects and Planners featuring one- and two-bedroom units. 40% of units cater to low-income seniors; remainder serves residents earning up to 120% of area median income. Amenities include interior courtyard, fitness center, and clubhouse.
• Li'l Abner III Apartments 316-unit affordable and workforce housing development currently under construction with expected completion in Q1 2026. Located between Li'l Abner I and II buildings in City of Sweetwater, Miami-Dade County. Will feature courtyard and additional amenities for residents.

Quantifiable outcome

• Less than 1% turnover rate at Li'l Abner I, demonstrating exemplary management and high resident satisfaction
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Burgos Lanza Architects and PlannerscoreTechnology or IntegrationBurgos Lanza Architects and Planners, a Coral Gables-based architectural firm, served as the architect and planner for Li'l Abner II and Li'l Abner III developments. The firm designed the 8-story buildings with one- and two-bedroom units and amenities.
• City of SweetwatercoreStrategic or Co-development PartnerCREI Holdings partnered with the City of Sweetwater government to develop affordable and workforce housing units. The city provided crucial support including zoning approvals, permit facilitation, and collaborative development agreements. Sweetwater city commission approved the Li'l Abner III project.
• Li'l Abner FoundationcoreStrategic or Co-development PartnerFounded by Raul Rodriguez in 2009, the Li'l Abner Foundation is affiliated with CREI Holdings and provides free after-school activities (tutoring, dance, Taekwondo, archery, wrestling), scholarships, Disney on Wheels trips for medically fragile children, and the annual Thanksgiving Bash serving Sweetwater residents. The foundation serves 20,000 residents of the City of Sweetwater.
• Ronald McDonald House Charities of South FloridaminorOthersRMHC of South Florida named Raul Rodriguez, CREI Holdings managing member and Li'l Abner Foundation founder, a 2024 '12 Good Men Honoree' recognizing his significant contributions to the community through the Li'l Abner Foundation.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• National Church Residences: National nonprofit developer and operator of affordable senior housing and services. Comparable to CREI in the senior affordable housing segment and mission-driven operating model, though serving seniors nationally.
• The Michaels Organization: National affordable housing developer, owner, and manager operating tens of thousands of LIHTC-financed units. Comparable to CREI in product type (affordable multifamily development and management) but at substantially greater scale and geographic reach.
• The NRP Group: Cleveland-based affordable and workforce housing developer using LIHTC financing to build and operate multifamily communities. Comparable in development model, affordable housing focus, and reliance on institutional construction debt.
• Housing Trust Group: Miami-based affordable and workforce housing developer using LIHTC and similar subsidy programs to build multifamily communities in Florida and the Southeast. Closely mirrors CREI's affordable housing development model and target geography.
• Pennrose: National developer, owner, and operator of affordable, mixed-income, and market-rate multifamily housing. Comparable to CREI in affordable housing development methodology and resident population focus, with broader geographic reach.
• AHC Inc. Regional nonprofit developer and operator of affordable housing in the Mid-Atlantic. Comparable to CREI in affordable housing development and resident services model, though serving a different geography and operating as a nonprofit.
• Atlantic Pacific Companies: Miami-based real estate developer focused on multifamily and affordable housing across South Florida. Directly comparable to CREI given shared Miami-Dade geography, affordable/workforce housing product, and municipal partnership approach.

Broad incumbents

• Atria Senior Living: National owner and operator of senior living communities including independent living, assisted living, and memory care. Comparable as a senior housing operator, though primarily serving market-rate/middle-market seniors rather than CREI's affordable-only model.
• Welltower Inc. Public REIT investing in senior housing, post-acute care, and outpatient medical properties. Comparable as a senior-housing capital and operating partner, though at vastly larger scale, public-market scale, and focused on a broader healthcare property portfolio.
• The Related Group: One of the largest Miami-based real estate developers with a portfolio spanning luxury, mixed-income, and affordable housing. Comparable as a South Florida multifamily developer with an affordable component, though far larger and broader in scope than CREI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/crei-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CREI Holdings