Omni is a vertically integrated, full-service affordable housing finance platform focused on the creation and preservation of high-quality affordable housing to low-income individuals and families nationwide. Since inception, Omni has raised $2.1 billion of equity and $1.4 billion of debt to acquire, rehab and build more than 19,000 affordable housing units as of May 2023.

CAPITAL RAISING & STRUCTURING

Stone Point was instrumental in helping Omni secure third-party financing, including its first corporate credit facility to provide working capital for the company. In addition, we helped the company complete the securitization of cash flows from its portfolio of stabilized affordable housing assets. The securitization was one of the first securitizations completed within the affordable housing industry.

INVESTMENT SOURCING

Stone Point played a key role in helping Omni source several large portfolio acquisitions, including securing the acquisition of a 26-property affordable housing portfolio from SunTrust Bank in 2015. The acquisition helped the company expand its presence from three states before Trident’s investment to 13 states as of May 2023.

M&A SOURCING

As part of the elephant process, Stone Point met several low-income housing tax credit (“LIHTC”) syndicators and fund managers. Stone Point helped source and execute Omni’s acquisition of CREA, a leading LIHTC syndicator and fund manager.

INDUSTRY KNOWLEDGE & NETWORK

Stone Point assisted Omni with the recruiting of several senior executives. Stone Point assisted CREA, an Omni subsidiary, in raising investor equity for its funds by introducing CREA to banks and insurance companies within our network.

PLATFORM EXPANSION

Stone Point provided strategic advice to help the vertical expansion of the company into LIHTC fund management and service offerings from owned properties to third parties. In addition, Stone Point worked closely with the company to expand its participation in the New York City Housing Authority Permanent Affordability Commitment Together (NYCHA PACT) program and broaden its market presence to multiple geographies.