Finance Veteran Joins Rose Community Capital
Kelly Boyer has been appointed West Coast director of Jonathan Rose Cos.’ recently acquired Rose Community Capital business. She is based in Los Angeles.
The finance company, acquired as part of Jonathan Rose’s purchase of Forest City’s affordable housing business in March, will expand on Forest City Capital’s 47-year history of providing Federal Housing Administration (FHA) loans to affordable and mixed-income residential projects in the Midwest and the Northeast. Rose Community Capital plans to expand its geographic footprint and volume, with a particular focus on the West Coast.
In her new position, Boyer will work with the firm’s New York City-based acquisitions team sourcing new investment opportunities on the West Coast, including direct investments and joint ventures, as well as managing operating partner relationships. She will also originate, process, and close company and third-party loans involving the Department of Housing and Urban Development’s (HUD’s) FHA mortgage insurance program.
Boyer was formerly HUD FHA/Multifamily Accelerated Processing director and FHA chief underwriter at Citi Community Capital. She also served as HUD’s Los Angeles multifamily hub director, where she worked to modernize FHA financing and increase coordination with low-income housing tax credit (LIHTC) and other financing programs.
AHC Adds to Leadership Team
Michael Werner has been named senior vice president, property management, at AHC, Inc., a nonprofit affordable housing developer serving Maryland, northern Virginia, and Washington, D.C.
He will provide leadership and supervision for the AHC Property Management division, an affordable and conventional multifamily property management company that includes 35-plus multifamily residential properties in Maryland and Virginia with over 6,000 units. The property management division has more than 130 employees.
Werner, with 20 years of experience in the property management industry, has managed portfolios of 15,000-plus units featuring a variety of real estate assets, including conventional apartments, LIHTC communities, and senior housing. While his work has been mostly in Georgia, he has experience in many major Southeastern apartment markets and Texas. Werner’s experience includes leadership work with McCormack Baron Management, TriBridge Residential, and Lane Co.
R4 Capital Appoints Director of Marketing
Rachel Tall has joined R4 Capital, a national LIHTC syndicator, lender, and asset manager, as director of marketing.
She brings over 23 years of strategic marketing and design experience in the real estate finance sector. Tall with Marc Schnitzer, R4 president and CEO, began their working relationship over two decades ago at Related Capital Co. As vice president, she originated the in-house marketing communications department and guided it through successive companies: CharterMac, Centerline Capital Group, and Hunt Mortgage Group. She was responsible for the development and implementation of marketing, branding, advertising, and internal communications for 20-plus nationwide offices, successfully developing the marketing for CharterMac’s IPO and transition back to a private company, Centerline Capital Group. Her expertise spans from affordable housing syndication to conventional commercial real estate originations.
Tall will focus on raising R4’s visibility by elevating its marketing and public relations initiatives.
NixonPeabody Expands Affordable Housing Practice
Erica F. Buckley, former chief of the Real Estate Finance Bureau for the New York Attorney General’s office, has become a partner at the Nixon Peabody law firm in New York City.
She brings extensive experience in market-rate and affordable condominiums and cooperatives, housing development fund corporations, and tax-incentive programs.
“As the need for affordable housing in the U.S. continues to grow, more for-profit developers of market-rate housing are considering expanding into the affordable housing industry,” said Stephen Wallace, leader of Nixon Peabody’s Affordable Housing practice. “Erica’s experience in the real estate industry nicely complements the depth and breadth of our affordable housing practice, while giving us the opportunity to expand our work with developers.”
Buckley represents a wide range of clients in rental and for-sale housing including for-profit and nonprofit developers of condominiums, cooperatives, and community land trusts; tenant associations and community lenders; and other businesses focused on both market-rate and affordable homeownership opportunities for low- to moderate-income buyers.
Buckley joins Nixon Peabody from Stroock & Stroock & Lavan’s real estate and government relations practice.
Conifer Names Development Design Director
Scott Dueker has joined Conifer Realty as the firm’s development design director. He brings more than 20 years of architecture experience to the Rochester, N.Y.–based firm.
Earning a bachelor’s degree in architecture and design from the University of Buffalo, with a minor in facilities management and planning, Dueker has extensive experience in multifamily housing, construction management, and building systems.
Conifer is a full-service real estate company specializing in the development, construction, management, and ownership of affordable housing communities. The firm owns and manages more than 14,500 multifamily units in 225-plus apartment communities in Maryland, New Jersey, New York, Ohio, and Pennsylvania.