Sheridan Joins Berkadia’s Tax Credit Syndication Team
Industry veteran Corine Sheridan has been appointed senior vice president and head of acquisitions at Berkadia Affordable Housing.
Sheridan brings over 35 years of multifamily and low-income housing tax credit (LIHTC) financing experience to Berkadia, 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 originations volume in the company’s history.
Prior to joining Boston Capital, Sheridan was director of marketing and business development at CohnReznick (formerly The Reznick Group). Earlier in her career, she was senior vice president, debt originations and marketing, at Dynex Capital (formerly Multifamily Capital Markets), assistant vice president of construction financing loan originations at MIG Cos., and district loan technician at the U.S. Department of Agriculture’s Rural Housing Service.
Belveron Names VP of Portfolio and Investment Strategy
Jeremy Levkoff has been appointed director and vice president of portfolio and investment strategy at Belveron Partners.
He supports Belveron’s investment strategies by leading the refinancing and disposition activities throughout the firm’s portfolio. Prior to joining the firm, Levkoff held various real estate finance roles in the public and private sector in New York City. Most recently, he worked at Santander Bank, where he originated and structured LIHTC equity investments and debt transactions.
Levkoff has 15 years of affordable housing finance experience and began his career in real estate finance in Brazil, working on public-private partnerships and infrastructure upgrades in the favelas of Rio de Janeiro.
Standard Communities Announces Appointments
Jay Wilson has been named director of East Coast asset management at Standard Communities. He is based in Washington, D.C.
Wilson brings more than 15 years of asset management experience to Standard. He joins the firm from Enterprise Community Development, where he oversaw a $400 million portfolio of apartment communities in the Mid-Atlantic. Previously, he worked for The Reznick Group, Coro Realty Advisors, and CAPREIT, and managed a national portfolio of over 14,000 affordable and market-rate apartments throughout the country.
Standard also announced four additional appointments, continuing its staff expansion.
Daniel Korn has joined the firm as an acquisitions analyst in New York. Previously, he was a Federal Housing Administration originations analyst at Lument. Earlier, he held a similar position at Hunt Real Estate Capital.
Denis Smith has been named a West Coast construction project manager in Standard’s Orange County, California, regional office. He joins Standard from Wilshire Construction, where he served as project engineer. Previously he held similar positions at McCormick Builders and Westport Construction.
Ken Stay has joined the firm as an East Coast construction manager. Based in New York, he brings over 10 years of construction experience, focusing on multifamily real estate, previously working for Jonathan Rose Cos., Atkins Global North America Group, and AIMCO Apartment Homes.
Margaret Eck was appointed exclusive outside legal counsel by Standard. Based in Washington, D.C., she is the former general counsel at The Hampstead Cos., a national affordable housing firm, and has over a decade of experience representing multifamily owners.
Based in New York and Los Angeles, Standard Cos. has a portfolio of over 15,000 apartment units, including approximately 11,000 affordable units, and has completed more than $2.6 billion of affordable housing acquisitions and rehabilitations nationwide. Its affordable housing division is Standard Communities.
NeighborWorks Names CFO
Kemba Esmond has been appointed executive vice president and chief financial officer at NeighborWorks America. She replaces Rebecca Bond, who is retiring after serving in the role for more than seven years.
Esmond joins NeighborWorks with more than 25 years in finance with experience in public and nonprofit sectors. She has expertise in financial planning and analysis, capital management, technology systems, credit risk, compliance, human resource matters, contracts, policies, and procedures. For almost a decade, Esmond was part of the finance and risk management leadership team at Fannie Mae, most recently serving as senior lead, financial planning, and analysis (FP&A). Prior to joining Fannie Mae, she was vice president, FP&A, at Chase for nearly seven years.
Woda Cooper Announces Promotion
Daisy An has been promoted to development accounting controller at Woda Cooper Cos.
An, who reports to chief financial officer Tim Lordan, leads the team responsible for all accounting functions related to the firm’s development operations. She has worked at the company since 2017 and was previously accounting manager—management accounting.
Headquartered in Columbus, Ohio, Woda Cooper and its affiliates specialize in the development, design, construction, and management of affordable multifamily apartments, senior communities, and single-family homes. The company marked 30 years in business last year with operations in 15 states and a portfolio of approximately 350 communities and more than 14,000 units.
Merchants Capital Hires Lending Executive
Paul Bernardin has been named senior vice president of bridge and construction lending at Merchants Capital. With more than 20 years in multifamily real estate, he has expertise in underwriting, acquisitions, asset management, and finance.
Based in Boston, he has a deep understanding of credit and construction monitoring, specifically with LIHTC properties, which will not only support the firm’s existing debt platform but also its newest product offering—LIHTC equity syndication, said officials.
Bernardin is responsible for monitoring new construction and substantial rehabilitation loans utilizing the HUD, government-sponsored enterprise, and Merchants Bank of Indiana lending platforms.He recently served as senior vice president, director of underwriting and due diligence, at Boston Capital.
Wells Fargo Adds to Team
Autumn Leatham has joined Wells Fargo as a vice president and senior relationship manager in the Community Lending and Investment Group. She is based in Washington, D.C.
She will be responsible for sourcing and structuring financing for commercial real estate developers and nonprofits primarily in Maryland, Virginia, and Washington, D.C., that focus on developing affordable housing communities.
Leatham recently worked at Bank of America, where she served as a relationship manager in the commercial real estate community development banking group.
The Millennia Cos. Announces Moves
Barry P. Weaver has been promoted to president of Millennia Housing Management, and Michael J. Pico has been named chief human resource officer at The Millennia Cos. in Cleveland.
Weaver will set and execute companywide strategies for the delivery of high-quality resident services, housing opportunities, and property management initiatives for the firm’s entire portfolio, consisting of 287 apartment developments in 26 states.
He joined Millennia Housing Management as executive vice president last year. Weaver will replace Lee J. Felgar, who has moved into the role of chief operating officer at Millennia Housing Management.
Pico will provide strategic leadership in the planning and implementation of all human resource functions, including talent acquisition and development, compensation and benefits, employee engagement, training, company culture, and related services.
Most recently, he served in senior executive leadership positions at leading multifamily, retail, and hospitality firms, where he delivered performance, service, and culture transformation across mid- to large-sized global employee populations.
Foundation for Affordable Housing Announces Promotion
Jason Acosta has been promoted to senior vice president at the Foundation for Affordable Housing.
He is an integral member of the Foundation leadership team, with a focus on building lasting partnerships, delivering innovative solutions, and providing uncompromising services. His broad experience in asset management helps the nonprofit housing developer mitigate portfolio risks and maintain its assets both physically and financially throughout their life cycle.
Law Firm Expands Affordable Housing Team
Partner Karol S. Robinson and special counsel Brett J. Gottlieb have joined Herrick, Feinstein to expand the law firm’s affordable housing capabilities.
Robinson brings extensive experience with affordable housing and nonprofit organizations. She is known for advising on day-to-day operational and corporate governance matters, restructuring and refinancing transactions, and related general transactional work. In addition, her experience includes advising clients on compliance with various federal, state, and city governmental housing agency regulations and guidelines.
Gottlieb represents real estate developers in the New York City real property tax incentives program 421-a, also known as Affordable New York. He counsels clients on the program, which offers a substantial tax benefit for residential property developers who commit to providing affordable housing. Additionally, he counsels commercial developers, landlords, and tenants on the Industrial & Commercial Abatement Program and the Food Retail Expansion to Support Health benefit.