BGC Names VP of Operations and Strategy
Adrian Peterson-Fields has accepted a senior leadership role at BGC Advantage.
As vice president of operations and strategy, Peterson-Fields is charged with setting a high standard of residential living that enables financially and socially stable families. Her expertise will help BGC Advantage ensure sustainable change through an even greater commitment to providing wraparound social services for its residents.
She recently served as senior vice president and COO of the Housing Authority of the Birmingham District in Alabama. Her career in affordable housing includes more than 17 years in various roles with the Department of Housing and Urban Development (HUD).
The new position brings an expanded Alabama presence for BGC Advantage, which has offices in Arkansas, Louisiana, Mississippi, and Texas.
BGC Advantage is a real estate development company that partners with nonprofit and for-profit entities to acquire, create, and rehabilitate affordable housing communities. Leveraging extensive leadership experience working at HUD and various public housing authorities (PHAs), it guides and trains PHAs in their efforts to develop, preserve, and manage their assets through the Rental Assistance Demonstration program, repositioning, and voluntary conversion.
HPN Names Head of Insurance Exchange
The Housing Partnership Network (HPN) has named Brendan Dolan president of its Housing Partnership Insurance Exchange (HPIEx), the first property and casualty reinsurance company created, owned, and operated by nonprofit housing developers.
Dolan has spent 15 years in the property and casualty side of insurance. For the past six years, he led Tangram Insurance Services’ East Coast growth from $2 million to $26 million in written premiums. While in this role, he focused on social service, heterogeneous group captive, and other specialty insurance programs.
HPIEx was launched in 2004 to address the insurance crisis faced by its members after Sept. 11 when insurers dramatically raised premiums and canceled coverage despite exceptionally low-loss histories. HPIEx serves 26 HPN members, providing property and casualty insurance for 80,000 units valued at over $10.5 billion; workers compensation coverage with a payroll of over $250 million; and delivers over $29 million in total annual premiums.
HPN facilitates peer learning and collaboration and promotes policy and practice that is based on the proven experience of its members. Through its unique networked approach, organizations and leaders accelerate and scale innovation to more rapidly respond to changing market challenges and opportunities.
Regions Affordable Housing Adds VP
Eric Speichinger has joined Regions Affordable Housing’s originations group as vice president and relationship manager. He will work out of Regions’ Chicago office and will focus on sourcing and originating affordable housing transactions throughout the Midwest.
Previously, Speichinger was director of acquisitions at Monarch Capital, a national tax credit syndication firm, where he was responsible for sourcing tax credit-financed transactions for housing, historic redevelopment, and solar developments. His tax credit syndication experience also includes positions as vice president of acquisitions at The Richman Group and vice president of business development, housing tax credits, at GE Capital.
In addition, he served as development project manager at Pedcor Development Corp. and was the owner of the Brightstar home health-care agency.
Regions Affordable Housing is a national low-income housing tax credit (LIHTC) fund syndication firm and a leader in affordable housing. Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC program and provides comprehensive real estate banking and capital management services to meet the debt and equity capital needs of developers and investors. It is also a Fannie Mae DUS Multifamily Affordable Lender and HUD/Federal Housing Administration (FHA) affordable lender.
Cannon Joins CPC As President Of Agency Lending
John Cannon is joining the Community Preservation Corp. (CPC) as president of CPC Mortgage Co., the firm’s agency lending subsidiary that offers a suite of Freddie Mac, Fannie Mae, and FHA products.
Cannon comes to CPC with more than 35 years of extensive experience in commercial banking and agency lending. He recently served as senior vice president at Freddie Mac in New York, where he was responsible for overall multifamily origination volume and production strategy. During his tenure at Freddie Mac, he oversaw annual production that grew from $28 billion in 2012 to more than $75 billion in 2019. He has also held senior leadership positions at Berkadia, Capmark, and GMAC Commercial Mortgage.
Revenue generated by CPC Mortgage Co. helps support the nonprofit mission of CPC, providing innovative capital solutions, fresh thinking, and a collaborative approach to transforming underserved neighborhoods through investments in housing.
EAH HOUSING Announces Promotion
Welton Jordan has been promoted to senior vice president of real estate development at EAH Housing after nearly two years serving as vice president and interim vice president.
In his role, Jordan is responsible for business development, real estate acquisition, rehabilitation, and new construction activities in California and Hawaii. He presides over a pipeline of more than 50 deals, totaling more than $1.7 billion, while leading a team of 19 development professionals.
Established in 1968, EAH Housing is one of the largest nonprofit housing development and management organizations in the western United States. It develops low-income multifamily housing, manages more than 110 properties in 55 municipalities in California and Hawaii, and plays a leadership role in local, regional and national housing advocacy efforts. It serves 25,000 people every day.
Capital One Announces Head of Commercial Real Estate
Jamie Henderson has joined Capital One as executive vice president and head of commercial real estate, starting in January. He will report to Michael Slocum, president of commercial banking and Northeast market president.
Henderson has nearly 20 years of experience in commercial real estate and served most recently as a partner and head of real estate debt at Ares Management Corp. and CEO of Ares Commercial Real Estate Corp. Prior to joining Ares in April 2017, he held a variety of leadership roles at Barings Real Estate Advisors, a global advisory firm, and its predecessor companies Cornerstone Real Estate Advisors and Babson Capital Management. At Barings, he was head of structured real estate investments, where he oversaw a leading high-yield real estate debt investment platform with teams in the United States and Europe. Additionally, he was responsible for Barings Multifamily Capital, a 100-person operating company dedicated to providing a variety of capital solutions to the multifamily industry, including mezzanine, preferred equity, bridge, agency, and FHA executions.