Celadon Holdings

About Celadon Holdings

Celadon Holdings is a real estate operator headquartered in Wilmette, IL. Celadon Holdings operates in Chicago, Illinois, Columbus, Georgia-Alabama and Macon-Bibb County, Georgia. Its investment focus is on Affordable Housing, Historic Tax Credits and LIHTC.

Celadon Holdings, LLC is a privately held real estate development and investment firm headquartered in Chicago, Illinois. Founded in 2008, the company has completed 18 years of operations under the leadership of co-founders Scott Henry and Thad Garver. Both principals previously served as executives at JPMorgan, where they specialized in structured finance and Low-Income Housing Tax Credit investments, a background that shapes the firm's programmatic approach to community revitalization. The enterprise concentrates its platform on the creation, preservation, and financing of high-impact affordable and supportive housing developments. Its corporate expertise encompasses complex low-income tax credit syndication, public-private partnership structuring, development risk management, and rigorous market analysis. Acknowledging its development track record and financial transparency, Celadon holds official designations as a Qualified Developer through Chicago’s Neighborhood Stabilization Program and a Pre-Qualified Developer for the Housing Authority of Cook County. The firm's work spans a regional footprint across Illinois and neighboring states, having successfully delivered more than 1,500 residential units to low-income families, seniors, and vulnerable populations. The developer's portfolio is highlighted by complex adaptive reuse and urban infill projects. A major institutional achievement includes the Maywood Supportive Living facility in Maywood, Illinois, a massive 106,313-square-foot historic redevelopment that transformed an underutilized asset into an amenity-rich supportive living community for seniors. Additionally, the firm directed the West Pullman School Redevelopment in Chicago, a historic preservation project that adapted a vacant landmark school building into 60 modern affordable residential units, injecting vital capital and stable housing infrastructure into the surrounding neighborhood.