Our History


Dick Kadish founds CAPREIT along with Ernie Heymann and Rick Band


CAPREIT expands into owning and managing affordable housing, acquiring 15 properties financed with tax-exempt bonds.


CAPREIT sells its owned portfolio of 45 properties to Equity Residential. The $610 Million portfolio sale provided a net profit of over $125 Million to Apollo Real Estate Advisors and CAPREIT.


CAPREIT pioneers the Total Rate of Return Swap (TRS) program with Merrill Lynch to finance affordable communities backed by tax-exempt bonds. CAPREIT goes on to acquire over $400 Million of properties in 1998 and the years to follow.


CAPREIT acquires the Credit Suisse LIHTC asset management business comprised of 248 properties, totaling over 20,000 units. CAPREIT provides asset management for the entire portfolio and serves as property manager and General Partner for select properties.


In a generational shift of Company leadership, Dick Kadish assumes role as Chairman, Andrew Kadish is promoted to President, Jennifer Kadish Cassell becomes Chief Administrative Officer.

CAPREIT maintains an aggressive acquisition strategy, teaming with JV partners on purchasing market-rate and affordable properties comprising nearly 8,000 apartments.


CAPREIT sells the 6-property “Richmond LIHTC Portfolio” to Nuveen Real Estate, generating a net profit of approximately $100 Million.


CAPREIT launches a major push into multifamily ground-up development with over $500 Million in planned new communities in the southeast U.S.


CAPREIT signals a new strategic push, naming Andrew Kadish as Chief Executive Officer and Jennifer Kadish Cassell as President.

CAPREIT sells the 3-property, Affordable Nashville portfolio, realizing a profit of $45 Million.

CAPREIT enters the build-to-rent market, closing upon a 120-unit BTR development community in Greenville, SC.

2024 and Beyond

CAPREIT is poised to enter the next quarter of the century with great fundamentals, experience and a drive to provide excellent workforce and affordable housing in the secondary and tertiary markets of the United States

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future of real estate.

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