Northwest Real Estate Capital Corp

About Northwest Real Estate Capital Corp

Northwest Real Estate Capital Corp is a real estate operator. Northwest Real Estate Capital Corp operates in Boise, Idaho, Phoenix, Arizona and Portland, Oregon. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Core.

Northwest Real Estate Capital Corp (NWRECC) is a 501(c)(3) nonprofit real estate firm headquartered in Boise, Idaho, founded in January 1999 by Brad A. Elg. As of recent disclosures, NWRECC operates over 5,300 affordable housing units across nine states: Alaska, Arizona, Colorado, Idaho, Montana, Nevada, Oregon, Utah, and Wyoming. The organization primarily focuses on three core real estate functions: property management, development, and rehabilitation of subsidized housing under HUD/Section 8, Rural Development, and Low-Income Housing Tax Credit programs. Up to 2025, it has preserved housing for at least 774 families via major renovation projects averaging about US$36,000 per unit (total rehab investment ≈ US$72 million). NWRECC also owns a wholly owned subsidiary, Tamarack Property Management Company, and undertakes acquisition and third-party management services to expand its portfolio. In its latest fiscal year, the organization reported revenue of approximately US$18.3 million, with total assets around US$80.6 million and liabilities near US$34.0 million.

Principals at Northwest Real Estate Capital Corp