Monarch's 2025 performance builds on strong momentum established in recent years, as the firm continues to expand its historic tax credit platform across geographies, asset types, and capital partners. The 2025 portfolio includes mixed-use, multifamily residential, and community revitalization projects in markets across the country, demonstrating Monarch's ability to scale thoughtfully while maintaining disciplined underwriting and execution. As demand for adaptive reuse and historic rehabilitation continues to rise, Monarch is increasingly well positioned to deliver investors access to high-quality transactions with compelling economic and community impact.
Since the division's inception in 2012, Monarch has closed 208 historic projects, generating approximately $840 million in tax credits and supporting more than $4 billion in total development. Importantly, that long-term track record is being strengthened by accelerating activity in more recent years, reflecting the growing depth of Monarch's platform, expanding market opportunity, and continued confidence from developers, lenders, and investors. This combination of scale, consistency, and forward momentum positions Monarch as a national leader in historic preservation finance.
"2025 was a milestone year for our historic tax credit business, but more importantly, it reflects the momentum we've built across the platform over the last several years," said Rick Chukas, Partner and Managing Director of Historic Tax Credits at Monarch Private Capital. "We are seeing a ...
