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Thatcher Duncan
Real Estate Impact Fund
Delivering returns through socially responsible real estate investment in New Jersey's high-demand urban markets
Investment Opportunity Overview
The Thatcher Duncan Real Estate Impact Fund targets 15%–25% net annual project returns by deploying capital into market rate, affordable, mixed income, and community-enhancing real estate throughout New Jersey's Essex, Hudson, Passaic, and Union Counties. These markets are characterized by rising demand, favorable transit infrastructure, and dislocated pricing.
High Valuation Pipeline
Diversified portfolio across multi-family, mixed-use, and community facilities with strong cash flow profiles
$200M+ Track Record
Proven expertise in structured real estate transactions, acquisitions, and development platform scaling
Investment Strategy
  • Focus on deep affordability plus workforce and mixed income housing
  • Geographic focus on Transit Oriented Development zones
  • Exit flexibility via asset stabilization and tax credit monetization
Recent Achievements
  • Delivered 500,000+ square feet of redeveloped real estate
  • Structured and syndicated over $30 million in tax credit equity
  • Executed 260+ units of mixed-income housing with 400 units in pipeline
  • Created 500+ construction jobs and 100+ permanent jobs
Meet Nana Duncan
Founder and Managing Principal
Nana Duncan is the Founder and Managing Principal of Thatcher Duncan Group, a social impact real estate investment and development platform focused on delivering risk-adjusted, socially responsible returns through mixed-income and impact-driven urban real estate.
With more than $200M in structured project value completed and an additional $175 million in active pipeline transactions, Ms. Duncan has demonstrated a unique ability to source, capitalize, and deliver complex transactions involving Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), and municipal PILOT agreements.
$200M+
Project Value
Structured and completed
$175M
Active Pipeline
Transactions in progress
260+
Units Delivered
Mixed-income housing
500K+
Square Footage
Redeveloped real estate
Nana Duncan has led urban redevelopment strategies, formed institutional joint ventures, and overseen zoning amendments, entitlements, and tax incentive negotiations. Recognized as one of NJBiz's "50 Best Women in Business" and recently featured in The Gothamist, Ms. Duncan holds a Bachelor's degree in Economics from Vassar College and a Master's in Public Administration from NYU's Wagner Graduate School of Public Service.
Proven Track Record: Case Studies
Our portfolio demonstrates consistent execution across diverse project types, delivering strong returns while creating meaningful community impact. Each project leverages strategic capital stacking, municipal partnerships, and transit-oriented locations.
The Harrison, East Orange
103-unit Market-Rate Multi-Family
| $16M Total Project Cost
  • 5-Year IRR: 18%
  • 10-Year IRR: 35%
  • Transit-oriented development 1 block from Brick Church Station
  • PILOT agreement at 6.28% of gross rents for 30 years
Station at Grant Avenue, Plainfield
90-unit Affordable Housing
| $29M Total Project Cost
  • 5-Year IRR: 12%
  • 10-Year IRR: 32%-36%
  • Largest private investment in Plainfield's Fourth Ward in 40 years
  • Brownfield site remediation completed
Station at East Orange
172-unit Mixed Income Housing
| $42M Total Project Cost
  • 5-Year IRR: 12%
  • 10-Year IRR: 42%
  • 70% Market Rate, 30% Affordable
  • 2 blocks from NJ Transit Brick Church station
18%
Average 5-Year IRR
Across completed projects
35%
Average 10-Year IRR
Long-term value creation
95%+
Occupancy Rate
Within 12 months of lease-up
100%
Project Approval Rate
Municipal entitlement success
Featured Opportunity: Sankofa Enclave
$100M Transformative Development in Irvington, NJ
The Sankofa Enclave at Twenty First Street is a three-phase affordable housing development delivering approximately 237 units of high-quality affordable housing across three new buildings, plus community amenities and retail. This project invites $6 million in direct equity investment, alongside debt financing and LIHTC equity.
Phase I: Sankofa Enclave III
72 affordable apartments + street-level retail
$28M Total Project Cost | 5-Year IRR: 20.1% | 10-Year IRR: 54.2%
Phase II: Sankofa Enclave I & II
165 affordable apartments + 16,000 SF Community Center
$71M Total Project Cost | 5-Year IRR: 13.2% | 10-Year IRR: 32.3%
Investment Highlights
  • Irvington exhibits robust demand with 3.7% vacancy rate
  • Benefits from Federal 4% & 9% LIHTC allocations and NJ's Aspire tax credit program
  • 85% funded via tax credits, 15% via senior construction loans
  • PILOT agreement at 5-6.28% of revenue for 30 years
  • Projected stabilized NOI of $2.2M annually with DSCR of 1.20
Social Impact
  • 237 units of deeply affordable housing (30-60% AMI)
  • $100M investment in historically disinvested neighborhood
  • 16,000 SF community center for engagement and enrichment
  • Brownfield site remediation and environmental restoration
  • Job creation and economic revitalization
Join Us in Creating Impact
Thatcher Duncan Real Estate Impact Fund presents a double bottom line mission-driven and financially profitable investment platform. We invite you to join in making this vision a reality, securing both financial returns and a lasting legacy in the community.