Berkadia’s Sheridan Announces Retirement
Corine Sheridan will retire from her position as senior vice president, head of acquisitions, at Berkadia at the end of this year.
The affordable housing industry leader joined Berkadia in April 2021 with more than 35 years of multifamily financing experience, with specific expertise in affordable housing originations and production strategy. She previously served as director of originations at Boston Capital, where she was responsible for the design, implementation, and management of the firm’s targeted nationwide origination strategy. During her 18 years at Boston Capital, Sheridan grew originations from $1 billion to $4 billion, some of the highest affordable origination volume in the company’s history. Earlier, she was director of marketing and business development at CohnReznick (formerly The Reznick Group).
Chris McGraw, managing director, has been promoted to senior vice president, head of acquisitions, starting Jan. 1, 2024. McGraw joined Berkadia in August 2022, bringing more than 18 years of low-income housing tax credit (LIHTC) experience with varying functions throughout that tenure, including syndication, underwriting, and originations.
McGraw has originated, structured, and closed $2 billion of LIHTC investments involving over 175 properties. Prior to joining Berkadia, he was the regional manager of LIHTC originations for the East Coast for PNC Bank.
TCB Names VP for Great Lakes Region
The Community Builders (TCB) has announced that George Tabit will become regional vice president of development for the Great Lakes region, effective November. TCB is one of the nation's leading nonprofit housing organization, developing over 30,000 rental homes since 1964.
Tabit will direct all real estate development activities in the firm’s Great Lakes region, which includes Ohio, Kentucky, Michigan and southern Indiana. He will serve as relationship executive for the region and lead project management teams in identifying and executing residential and mixed-use developments from conception to completion. The TCB Great Lakes portfolio includes approximately 2,500 homes owned or managed, with over $435 million in residential, commercial and mixed-use real estate investments.
Tabit worked for nearly six years at National Church Residences, where he served as vice president of senior housing development and as a senior living developer. He built and managed a robust $140 million pipeline of projects and launched a new product line of independent living communities designed to meet the needs of middle-income seniors without affordable housing options. Prior to that, Tabit served as vice president of construction and development services where he managed a national construction portfolio of over $150 million in multifamily, age-restricted housing.
Earlier, he was vice president of real estate development at Homeport, a nonprofit dedicated to broadening affordable housing choices in central Ohio. Tabit also served as vice president of economic development of for the Columbus Compact Corp.
Rocky Mountain Communities Names CEO
Mark Marshall has been promoted to CEO of Rocky Mountain Communities (RMC) after serving as vice president of real estate development for the past two years.
He takes the helm of the Denver-based affordable housing nonprofit from Dontae Latson, who recently left the organization for another opportunity.
As vice president of real estate at RMC, Marshall oversaw all aspects of affordable real estate development, including site acquisition, land use, and zoning analysis as well as financial feasibility and construction administration. Prior to joining RMC in 2021, Marshall was at Urban Land Conservancy for five years where he began as director and advanced to the vice president of real estate.
RMC owns 10 communities, providing 1,239 affordable housing units for underserved populations statewide, and also manages an additional 300 units through its Pillar Property Services entity.
Industry Veteran Joins Cannon Heyman & Weiss
Susan Sturman Jennings has been named a partner at the Buffalo and Albany, New York-based affordable housing and community development law firm of Cannon Heyman & Weiss (CHW).
Jennings joins CHW after 23 years at Conifer Realty, a nationally ranked real estate company specializing in the development, construction, management, and ownership of affordable housing communities in several states. As general counsel and senior vice president at Conifer, she was responsible for closing tax credit and real estate transactions and advising on compliance, construction, and property management matters.Prior to joining Conifer, she was a principal at the Hessel & Aluise law firm in Washington, D.C., where she represented developers and lenders in Federal Housing Administration, Fannie Mae, and conventional financing transactions.
CHW was founded in 2001 and has a team of more than 50 attorneys, paralegals, and administrative staff who work on affordable housing and community development transactions across New York state and throughout the country.
WNC Adds to Team
Ryan Thayer has been appointed assistant vice president of originations in the Southeast for WNC, a leading provider of investment, asset management, and development services in the affordable housing industry.
Thayer brings more than 10 years of real estate experience to his new role. Prior to joining WNC, he worked for a regional tax credit syndicator as an originator and underwriter, responsible for the closing of over $125 million of equity in 26 LIHTC properties in the Southeast and Mid-Atlantic regions.
DCHFA Names Senior Vice President
Marcus Ervin has joined the District of Columbia Housing Finance Agency (DCHFA) as senior vice president, where he will oversee the organization’s multifamily lending and neighborhood investments division.
He will serve as the chief underwriter and is responsible for developing business opportunities and managing the agency’s predevelopment construction pipelines.
Prior to joining DCHFA, Ervin served as the director of development at the Housing Opportunities Commission of Montgomery County in Maryland.
DCHFA is a financial intermediary and administrator of affordable housing programs and resources for the District of Columbia.