Preservation Equity Funds
More Than A Return
Preservation Equity Fund Advisors (PEF) was established to help address the growing shortage of affordable rental housing in the U.S. Each year, the country loses approximately 100,000 affordable units to demolition or conversion—yet demand continues to rise, and PEF is positioned to deliver scalable, market-based solutions to this growing need.
PEF’s mission is to preserve existing affordable housing for low- to moderate-income residents—working families, seniors, and veterans—while seeking strong, risk-adjusted returns through cash flow and long-term asset appreciation.
How PEF Works
PEF acquires existing affordable rental properties that are renting to tenants making 80% (in the aggregate) or less of area median income, including:
- LIHTC apartments
- Project-based Section 8 apartments
- Stand-alone (non-LIHTC) properties
Our PEF investments are defined by a systematic approach and highly refined process. Experienced and proactive, the PEF team brings decades of proven investment success to the table.
Buy
Acquire existing, affordable communities at good prices that are not being operated efficiently.
Operate
Address any deferred maintenance and capital expenditures while improving operating and management efficiencies.
Sell
Execute an exit strategy that preserves the affordability of each community.
Why Work With PEF?
Deep Expertise, Institutional Scale
PEF manages over $480M in assets and has preserved over 2,850 affordable units, backed by a team with decades of affordable housing experience.
Stable, Risk-Aware Strategy
By acquiring stabilized, income-restricted properties, PEF targets reliable cash flow and appreciation—without the risks of new construction.
Real Impact, Measurable Results
PEF preserves long-term affordability while supporting resident services, sustainability, and equity—aligning financial returns with social good.