News

March 17, 2025

Vienna, VA - Meridian Investments, Inc., a leading placement agent of tax credit equity investments, announced today that Matt Barcello has joined as Senior Vice President. Mr. Barcello adds a level of experience and expertise to Meridian, bringing a depth of knowledge and relationships to clients. Mr. Barcello was most recently the managing director of Cohn Reznick’s tax credit advisory practice, the leading provider of due diligence and advisory services in the LIHTC industry.

With the addition of Mr. Barcello, Meridian will be better positioned to grow R4 Capital’s tax credit equity investing and tax-exempt lending platforms, which have grown to more than exceed $10 billion in AUM, while continuing to assist clients in need of tax and regulatory solutions related to the disposition of existing LIHTC assets.

March 2025

Vienna, VA - Meridian Investments, Inc. completed a successful 2024 by closing approximately $2.34 billion of affordable housing and renewable energy financings.

Meridian’s primary market LIHTC activity in 2024 resulted in a record year for R4 Capital’s LIHTC equity platform, which closed $860 million of equity. Merdian closed investments with R4 Capital from 50 institutional investors, including 12 new clients for R4 Capital of which 5 were making their first ever LIHTC investment.

In addition to R4’s LIHTC equity, Meridian successfully closed $691 million of capital for R4 Capital Funding’s tax-exempt lending platform, which provides construction and permanent financing to affordable housing developers of 4% LIHTC properties across the nation.

Meridian has raised more than $10.6 billion of investor capital for R4 Capital and R4 Capital Funding, since their inception. As of December 31, 2024, R4 Capital manages more than $6.6 billion in LIHTC equity from 138 institutional investors across 37 multi-investor funds and 13 proprietary funds and R4 Capital Funding has provided more than $4 billion in mortgage loans which have financed the construction and preservation of over 24,500 units of affordable housing across 30 states and Washington, DC.

In addition to affordable housing primary market transactions for R4 Capital, Meridian closed approximately $205 million of LIHTC secondary sales for clients wishing to exit existing LIHTC investments and expects this activity to continue in 2025.

2024 saw Meridian continue its success within the energy tax credit market. Meridian successfully represented two corporate clients in the origination, negotiation, and closing of $625 million of 2024 transferable energy production tax credits from an investment-grade energy company.

With the success of 2024, Meridian has now closed more than $37 billion of affordable housing, renewable energy, and other tax credit financings with more than 250 corporations.