McCormack Baron Salazar Announces Leadership Moves
McCormack Baron Salazar, one of the nation’s leading developers of economically integrated urban neighborhoods, has announced key organizational changes aimed at positioning the company for future decades.
Previously, Vince Bennett was promoted to president after serving as COO. He has established an executive committee comprised of himself and the following senior staff:
Mike Duffy is becoming COO after recently serving as senior vice president and director of project finance. As COO, he will oversee the operations of the development arm and will hold executive responsibility over development finance, design, and construction and quality assurance. Duffy joined McCormack Baron Salazar in 2005 and has more than 15 of experience in the redevelopment of urban communities.
Yusef Freeman is becoming managing director of new business and will lead new business development nationally for the firm. Previously, he was the head of the San Francisco office, where he worked on the development of mixed-income, mixed-finance, multifamily housing and commercial real estate in Northern California. He also served as the lead project manager for the Harmony Oaks HOPE VI in New Orleans. Freeman joined McCormack Baron Salazar in 2006 as part of the Center for Urban Redevelopment Excellence fellowship program out of the University of Pennsylvania.
Meg Manley is becoming managing director of development after recently serving as senior vice president—project management. As the managing director, she will oversee a team of senior vice presidents, project managers, and associates through the development process. Manley joined the firm in 2012 and has 19 years of experience in the affordable housing industry.
Kim Hartmann is joining the executive committee in her role as corporate CFO. She joined the firm in 2007 as controller and has served as CFO since 2011. Hartmann has more than 20 years of experience in real estate accounting.
LHP Capital Promotes Two
LHP Capital has announced the promotion of two executives to senior leadership positions and the completion of the development firm’s rebranding and reorganization initiated in 2015.
Cristy Lockwood has been promoted to president after serving as senior vice president. As president of LHP Capital, Lockwood is responsible for the underwriting and refinance departments as well as all support functions, including asset management, human resources, accounting, information systems, and administration. Lockwood has been with the organization since 1989, serving in a variety of positions and rising to become vice president in 2006.
Carey Parker, LHP Capital vice president of finance, has been named chair of the LHP Firm Council which oversees companywide strategic planning. Parker maintains her current responsibilities as head of the company’s finance and accounting groups in addition to assuming her new role as chair of the council. Parker joined the company in 2003.
LHP Capital, along with its operating companies—LHP Development and LHP Management—is a developer and manager of multifamily housing properties with a primary emphasis on affordable housing.
CREA Adds to Team
Jason Racine has been appointed vice president of acquisitions at City Real Estate Advisors, a low-income housing tax credit (LIHTC) syndicator.
He will be based in the firm’s Indianapolis office and will be responsible for identifying, structuring, and closing affordable housing equity opportunities throughout the Midwest.
A licensed attorney and CPA in Illinois, Racine has been active in affordable housing finance since 2007.
SunTrust Appoints SVP
Steve Smith has joined SunTrust Community Capital as senior vice president and LIHTC relationship manager.
He is based in Baltimore and will primarily cover North Carolina, South Carolina, Virginia, and Washington, D.C., in his role originating tax credit investments. Prior to joining SunTrust Community Capital, Smith spent 12 years at Enterprise Community Investment, a LIHTC syndicator, where he originated tax credit investments throughout the Southeast and Mid-Atlantic regions in addition to managing a team of underwriters.
Enterprise Names Southern California Leader
Jacqueline Waggoner has been promoted to vice president and Southern California market leader for Enterprise Community Partners.
In her new role, she leads Enterprise’s local efforts to build opportunity for low-income families and individuals by creating and preserving affordable housing connected to good schools, jobs, transit, and health care. Waggoner has more than a decade of experience at Enterprise, most recently serving as deputy director of the Southern California office.
During her tenure at Enterprise, Waggoner brought to bear capital, intellectual resources, and capacity building tools to achieve Enterprise’s strategic and production goals, leading to more than $300 million in Enterprise investments locally. She has worked with the city of Los Angeles, banks, and nonprofit developer partners to create local funds for affordable housing, advocate for low-income families, and support Enterprise’s vision of providing communities of opportunity.
Wehrwein to Lead Member Engagement at HPN
Chuck Wehrwein has been named president of member engagement and business collaboration at the Housing Partnership Network (HPN), a national business collaborative of leading affordable housing and community development nonprofits
In his new role, he will lead and oversee membership, policy, governance, and the International Housing Partnership. He will serve as a member of HPN’s executive leadership team and play a key role in managing collaboration among HPN programs and member-driven social enterprises.
Wehrwein begins his role with HPN in March. This appointment marks his return to HPN following four years at NeighborWorks America, where he served as COO, starting in 2012. Wehrwein was a member of HPN’s executive team from 2007 to 2012, where he was instrumental in managing growth and development of the award-winning business collaborative.
Bellwether Enterprise Hires SVP
Kip Kimble has been named senior vice president of Bellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment. He will be based in the firm’s Boston office, where he will be actively involved in the origination of multifamily and commercial real estate debt financing in the region and across the country.
Kimble recently served as a principal loan originator at Prudential Mortgage Capital Co., where he originated approximately $450 million of new Fannie Mae, Freddie Mac, and Prudential general account loans. Prior to this, he was a director—loan originator and vice president at Deutsche Bank Berkshire Mortgage.
Lancaster Pollard Expands Housing Group to Southeast
Padam Singh has been promoted to expand Lancaster Pollard’s investment banking and mortgage banking finance activities for market-rate, income-restricted, and subsidized rental properties. Singh will be responsible for clients in the Southeast, with an emphasis on Georgia, North Carolina, South Carolina, and Tennessee.
Previously, Singh was an associate with the firm, where he provided support on a range of bond transactions and mortgage loans for construction and refinanced projects totaling approximately $180 million. He is experienced with financing programs, such as FHA, USDA, Fannie Mae, LIHTCs, and municipal finance.
Nixon Peabody Names Partners
Meghan Altidor and Aaron Yowell have been named partners at the Nixon Peabody law firm.
Altidor represents nonprofit and for-profit developers in acquiring, constructing, rehabilitating, and operating affordable housing developments across the country, with a focus on New York and Washington, D.C. As a board member of the New York Housing Conference Young Leadership Council and a member of the New York State Homes & Community Renewal Multifamily Advisory Council legal subcommittee, she keeps a high profile within the industry. She is based in the firm’s Washington, D.C, office.
Yowell represents private, public, and nonprofit developers, investors, and real estate owners, with a focus on affordable and supportive housing developers as well as alternative financing structures for affordable housing, including private equity investments. He provides advice in all aspects of project development, rehabilitation, and operation, including tax exemptions, acquisitions, dispositions, public and private financings, and joint ventures. Based in the New York City office, Yowell is a member of the advisory board of the Moelis Institute for Affordable Housing at New York University and a founding board member of GreenHomeNYC.
Friedman Names New Partner
Geoff Wilson has been named a partner at Friedman, an accounting, tax, and consulting firm.
Based in New York City, Wilson has 10 years of experience providing tax compliance, tax planning, and accounting services to businesses and their owners. His areas of expertise include affordable housing.
M&T Realty Capital Announces Managing Director
Matthew H. Hodson has been named a managing director at M&T Realty Capital Corp. He will be originating Fannie Mae, Freddie Mac, FHA/HUD, life company, and CMBS loans for multifamily and commercial properties nationally, with a focus on the Southeast and Mid-Atlantic. He will be in the firm’s Tysons Corner, Va., office.
Hodson joined M&T Realty Capital in 2015 as assistant vice president. Prior to this appointment, he was a team production analyst at NorthMarq Capital Finance.