Our path at CAPREIT in Rockville, Maryland

CAPREIT History

As a leading multifamily real estate company, CAPREIT has been dedicated to offering great housing to residents, compelling investment opportunities to investors, and rewarding career opportunities to its employees since our inception.

1993

CAPREIT is founded by Dick Kadish along with Ernie Heymann and Rick Band.


1994

CAPREIT secures a $95 million line of credit from GE Capital and $40 million convertible mezzanine debt financing from Starwood.

1996

CAPREIT expands into owning affordable housing, acquiring 15 tax-exempt properties.


1997

CAPREIT sells its 45-property portfolio, netting a gain of more than $125 million.

2000

CAPREIT expands its portfolio to 40 properties and recapitalizes with Apollo and GECC. CAPREIT also pioneers the total rate-of-return swap program within the multifamily industry with Merrill Lynch.


2001

CAPREIT begins a long-standing relationship with MMA Financial by acquiring a $158 million portfolio. CAPREIT also obtains a $200 million Fannie Mae credit facility.

2007

CAPREIT partners with Principal for a joint venture to recapitalize a $100 million portfolio with debt financing provided by Hartford.


2009

CAPREIT acquires the 240-property asset management business and general partner interests of the Credit Suisse tax credit portfolio.

2012

CAPREIT acquires approximately $125 million with new equity partner Praedium. It begins another long-standing relationship with Eastham Capital, acquiring approximately $50 million in assets.

2015

CAPREIT restructures its executive leadership through the appointment of three employees: Andrew Kadish as President, Ernie Heymann as Chief Investment Officer, and Jennifer Kadish Cassell as Chief Administrative Officer. Dick Kadish serves as Chairman of the Board. CAPREIT also welcomes Miguel Gutierrez to the executive team as Chief Operating Officer and acquires nine communities, totaling $220 million.


2016

CAPREIT acquires nine communities, totaling $166 million.