A History of Success
WNC was founded in 1971 at the time when few people had heard of affordable housing. Even fewer saw opportunity in it. We closed our first investment that year, becoming one of the first in the country to do so. Nearly five decades later, affordable housing remains our sole focus and our specialty.
Today, WNC is a leading provider of investment, asset management and development services to the nation’s largest corporations and financial institutions, for-profit and nonprofit developers, property owners and communities. Headquartered in Irvine, California, the company maintains offices in 11 states and has made investments in 47 states, the District of Columbia and the U.S. Virgin Islands.
Our company has grown by building and sustaining successful partnerships. Our formula for success is quite simple: we succeed when our partners are successful.
Why work with WNC?
With a track record that exceeds four decades, WNC has the experience and the keen ability to close complex transactions quickly and efficiently. The average tenure of our syndications team exceeds 10 years with WNC and 15 years in the tax credit industry. We know this business well and bring this expertise to every transaction. Most importantly, our continuity and experience saves you time and money. We’ve demonstrated this by acquiring more than 1,350 properties representing $8.8 billion in assets.
We are a privately held company with the flexibility to meet our partners’ needs. Our investments have ranged from $2 million to $35 million per property. We invest in rural and urban communities, new construction and rehabilitation properties, with federal, state and historic tax credits. We partner with for-profit and nonprofit developers. Our flexibility is born out of relationships, yet strengthened by our extremely diverse base of 90+ institutional investors including Fortune 500 companies, the nation’s largest financial institutions and regional and community banks.
WNC is family owned, ever since our founding in 1971. Our executive team averages 27 years with the company and our management team averages 11 years. Our partners know that the WNC professional they work with today will be there tomorrow — ready to assist them throughout the development process and the life of their property. Over 90 percent of the capital invested in our funds is from repeat investors. Similarly, 80 percent of the capital we deploy is with repeat developers. Partners keep coming back, for good reason.