CHICAGO, IL / ACCESS Newswire / February 17, 2025 / Rigor Equity, a real estate investment firm transforming value-add multifamily investments in underserved communities, is proud to announce that it has secured $32 million in committed funding dedicated to expanding affordable multifamily housing. This milestone reinforces the firm's commitment to revitalizing distressed neighborhoods while offering accredited investors a seamless way to participate in high-impact real estate opportunities in the future.
With strong backing from private creditors, this capital provides Rigor Equity with the flexibility to strategically deploy funds as needed, accelerating its acquisition pipeline, driving large-scale redevelopment initiatives, and expanding its presence across Chicago's high-potential markets. Over the next four years, Rigor Equity plans to deploy $8 million annually, strategically leveraging its funding to maximize impact and returns. The firm will leverage its proven investment approach to deliver strong returns while addressing the increasing demand for quality, affordable housing.
"We've built a network of investors who believe in our vision and have committed capital to fuel our continued growth," says Nureddin Atassi, Co-Founder of Rigor Equity. "There's an urgent need for well-executed affordable housing investments, and we're positioning ourselves as the go-to firm for both revitalizing distressed assets and offering accredited investors a streamlined way to deploy capital into high-yield opportunities."
A Full-Service Investment Platform for Accredited Investors
Beyond its direct investments, Rigor Equity is introducing an innovative offering tailored to accredited investors looking to capitalize on the firm's expertise. Through this platform, Rigor Equity will fund investor deals while managing all construction and project execution, creating a hands-free investment experience.
"Our model allows accredited investors to leverage our strengths in acquisitions, renovations, and property management without taking on the operational burdens themselves," says Kareem Shahbandar, Co-Founder of Rigor Equity. "We're building more than just a portfolio-we're creating a vehicle for investors to access high-performing real estate deals while making a tangible impact in underserved communities."
Rigor Equity's Approach: Delivering Impact and Returns
Rigor Equity specializes in acquiring undervalued multifamily properties, executing high-impact renovations, and optimizing operations to maximize returns. With this investor backing and the investor-focused platform, the firm is doubling down on its core strategies:
Strategic Acquisitions - Identifying and securing distressed assets in high-potential markets.
Value-Add Renovations - Implementing capital improvements to create high-quality, affordable housing options.
Operational Excellence - Streamlining property management and cost efficiencies to drive investor returns.
Investor Partnerships - Providing accredited investors with access to fully managed, high-yield real estate investments.
About Rigor Equity
Rigor Equity is a real estate investment firm focusing on value-add multifamily investments at scale. Founded by Nureddin Atassi and Kareem Shahbandar, Rigor Equity is committed to acquiring, repositioning, and managing distressed properties to create long-term value for investors and local residents alike. Headquartered in Chicago, IL, the firm continues to scale its impact through strategic acquisitions and innovative investment solutions.
For more information, visit https://www.rigorequity.com.
For media inquiries, please contact:
Kareem Shahbandar
Founder, Rigor Equity
Kareem@rigorequity.com
SOURCE: Rigor Equity
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