Chicago Atlantic Prioritizes Affordable Housing in Ukraine
Chicago Atlantic has announced, as part of its Trident strategy, “The Pioneering Affordable Housing Initiative,” aiming to develop affordable housing at cost for internally displaced Ukrainians experiencing financial hardships in areas of highest need.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231026228128/en/
From front to back: Chicago Atlantic Trident Partners Dmitriy Lampert and Konstantinos Nakis alongside Chicago Atlantic Co-Founders Andreas Bodmeier and John Mazarakis, reviewing plans for affordable housing on a working visit to Ukraine. (Photo: Business Wire)
Chicago Atlantic Trident is Chicago Atlantic’s impact investing strategy supporting international reconstruction efforts to rebuild a prosperous Ukraine. The strategy plans to invest in projects, companies and organizations that create measurable social and developmental impact. The strategy focuses on real estate development across Ukraine, including multi-family homes urgently needed to aid an estimated 5.1 million internally displaced Ukrainians and help bridge the current housing finance gap, as well as industrial facilities to expand priority industries’ warehousing and logistics capabilities.
“We are here to provide immediate housing and kick-start Ukraine’s economic revitalization,” said Matthew Taylor, Chicago Atlantic Trident Partner and CEO. “We believe the prosperity of Ukraine is essential to ensuring the safety of all democratic nations, and we are committed partners in Ukraine’s journey towards stability and prosperity.”
The Trident strategy, while deeply rooted in rigorous investment prudence, holds at its core the transformative vision of being an instrument of societal rejuvenation in post-conflict Ukraine. Allocating a significant amount of its total portfolio to developing affordable housing at cost is a testament to this vision. It pledges collaboration with local authorities, NGOs and community leaders to ensure housing projects align with broadscale reconstruction efforts and offer sustainable, resilient homes, incorporating construction techniques to withstand future challenges and ensure long-term sanctuaries.
The Chicago Atlantic Trident team began work in Ukraine earlier this year, meeting with government organizations, private equity investment groups and development partners in Kyiv and Lviv. Chicago Atlantic formally signed a Memorandum of Understanding with UkraineInvest, the Ukrainian Government’s investment promotion office. This partnership will facilitate effective coordination between Chicago Atlantic and the Ukrainian Government, providing timely resolution of systemic challenges and offering legal, informational and analytical support.
Chicago Atlantic Advisers, LLC ("Chicago Atlantic") is a private market investment manager combining deep expertise with an entrepreneurial approach to multi-asset class investing. Established in 2019, the firm’s Founding Partners John Mazarakis, Tony Cappell and Andreas Bodmeier have grown Chicago Atlantic’s private investment strategies to include opportunistic credit, private equity and impact investing. Chicago Atlantic has made over $2 billion in credit and equity investments to date.
Chicago Atlantic employs 60+ professionals with offices in Miami, Florida and Chicago, Illinois and plans to open an office in Kyiv, Ukraine. For more information on Chicago Atlantic’s impact investing strategy, visit chicagoatlantic.com.
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