Leon Capital Group subsidiaries Leon Multifamily and Leon Financial have closed two structured equity investments totaling approximately $19 million to finance multifamily and student housing developments in New Hampshire and New York.
The investments will support The Flats on High Street, a 156-unit Class A multifamily community in Nashua, New Hampshire, and The Marshall Binghamton, a 195-unit, 516-bed purpose-built student housing development near Binghamton University in New York.
The transactions are part of Leon Capital Group’s expanding real estate credit platform. Leon Multifamily and Leon Financial have now completed three credit transactions across multiple property types and geographic markets during the past 90 days.
For The Flats on High Street, Leon provided a preferred equity investment to Lansing Melbourne Group, a real estate development firm with more than 20 years of experience and over $1 billion in completed and active projects.
The 156-unit property is located in downtown Nashua, approximately 45 minutes from Boston. Leon believes the project is positioned to benefit from sustained renter demand and the limited availability of housing in the broader region.
Preferred equity typically occupies a position between traditional senior debt and common equity in a property’s capital structure. The investment can provide developers with additional capital while offering the investor priority over common equity distributions, subject to the terms of the transaction.
The second investment will finance The Marshall Binghamton, which is being developed immediately adjacent to the Binghamton University campus. The project is currently under construction and is expected to be delivered in May 2027.
The Marshall Binghamton is being developed by Aptitude Development, a student housing company that has delivered more than 4,500 beds and completed projects representing over $1 billion in total capitalization.
The development is intended to serve students seeking modern housing close to the university. Leon cited the limited supply of high-quality, conveniently located student housing near certain universities as an important factor supporting the sector’s long-term demand.
The investments reflect Leon’s strategy of providing customized real estate credit and structured capital solutions for well-located properties backed by experienced sponsors.
Leon Multifamily is focused on investments connected to rental housing, while Leon Financial provides structured financial solutions across select real estate opportunities. Both businesses operate as subsidiaries of Leon Capital Group.
Leon views multifamily housing as an attractive real estate sector because of persistent housing shortages, demographic trends, and continued demand for rental properties. The company also sees student housing as a resilient segment in markets where enrollment and demand for beds exceed available supply.
Through its real estate credit platform, Leon can invest across different positions in the capital structure rather than relying exclusively on traditional property ownership. The strategy may include preferred equity and other structured investments tailored to the financing needs of developers and property owners.
The two transactions expand Leon’s exposure to assets serving different renter populations. The Flats on High Street is designed for the conventional multifamily market, while The Marshall Binghamton will serve students attending a major public university.
Leon Capital Group operates businesses across financial services, healthcare, real estate, and technology. The company began as a privately owned real estate development business in Texas before expanding into a diversified group of operating companies and investment platforms.
KEY QUOTES:
“These investments underscore the expansion and continued execution of Leon’s real estate credit platform, and we are energized by the opportunity to invest in well-located, well-sponsored assets in high-demand, durable markets. Multifamily remains one of the most compelling asset classes in real estate, driven by a persistent housing shortage and growing renter demand. We see strong opportunity ahead to continue executing our differentiated credit strategy, supported by the resources and expertise of Leon Capital Group.”
Blake Schroeder, President of Leon Multifamily
“At Leon Financial, we are focused on purpose-built investments that generate meaningful value for our partners and the communities in which we operate. Student housing has emerged as one of the most resilient and supply-constrained sectors of real estate, as enrollment demand at certain universities continues to outpace the availability of well-located, quality housing. This investment sits at the intersection of those dynamics and is a testament to the strong momentum of Leon’s real estate credit platform.”
Fernando Mendez, Managing Director at Leon Financial
