Lancaster Pollard Appoints CEO
Nick Gesue has been named CEO of Lancaster Pollard, and Kass Matt has been named president of Lancaster Pollard Holdings Co.
Previously senior vice president and chief credit officer at the firm, Gesue has been instrumental in the development of Lancaster Pollard’s mortgage lending platform. He has played a key role in implementing the firm’s private equity fund and balance sheet lending operations. He has successfully underwritten more than 350 transactions, totaling more than $3 billion in loan volume.
Matt was most recently a managing director at the firm. Since joining Lancaster Pollard in 2006, he has underwritten transactions in excess of $1.4 billion through conventional bond financing, Federal Housing Administration (FHA), Fannie Mae, and Department of Agriculture programs. He has 20 years of experience in capital markets and corporate banking.
Founded 27 years ago in Columbus, Ohio, Lancaster Pollard has grown into a leading national firm with six offices, more than 100 employees, and a track record of more than 1,400 closed transactions in excess of $11.1 billion with health-care, senior living, and housing providers.
Tom Green, who recently served as CEO, and Brian Pollard, who recently served as president, are transitioning day-to-day management of the firm to the new team. They will continue to serve on the board as chairman and vice chairman, respectively.
As part of the leadership changes, the firm also announced that Steve Kennedy, managing director and regional manager for the Great Lakes and South Central regions, and Ken Gould, managing director and regional manager for the Northeast, have both been promoted to senior managing directors. In addition, Kennedy has been named senior governmental liaison while Gould will chair the firm’s strategic planning and development committee.
Connecticut HFA Announces Executive Director
Karl. F. Kilduff has been named executive director of the Connecticut Housing Finance Authority. The board voted unanimously on his appointment.
Kilduff is a seasoned government executive with diverse experience managing operations in municipalities. During his career, he served as the city manager for Johnstown, Pa., town manager for North Branford, Conn., and, most recently, as the town administrator for Darien, Conn.
He will assume his new role in August, replacing Norbert Deslauriers, interim executive vice president, who will stay on as a member of the CHFA leadership team. Eric Chatman, former head of the agency, announced his resignation at the end of last year.
Hunt Names Head of Affordable Housing Originations
Paul Weissman has been hired to lead Hunt Mortgage Group’s affordable housing originations effort. As a senior managing director, he will be tasked with building and leading the originations team from the firm’s Denver office
Weissman comes to the company from Dougherty & Co./Dougherty Mortgage, where he was a senior vice president. Prior to that, he was a vice president at PNC Financial Service and the first person to originate for both debt and equity platforms.
Earlier in his career Weissman served as director, senior vice president at Credit Suisse/Column Financial; vice president at Newman & Associates; and director at Simpson Housing Solutions.
Hunt Mortgage Group is a wholly owned subsidiary of Hunt Cos. The company finances all types of multifamily properties, including affordable housing, manufactured housing, healthcare/senior living, office, retail, industrial, and self-storage facilities nationwide. It offers Fannie Mae, Freddie Mac, Department of Housing and Urban Development (HUD)/FHA in addition to its own proprietary loan products.
Cabrillo Economic Development Corp. Selects CEO
Margarita H. de Escontrias has been named CEO of the Cabrillo Economic Development Corp. (CEDC), a nonprofit affordable housing developer headquartered in Ventura, Calif.
Since its incorporation in 1981, CEDC has developed 1,754 affordable for-sale and multifamily rental homes, and owns and manages 1,121 affordable rental homes.
De Escontrias joined CEDC’s senior management team as director of business planning and administration in June 2013 and has served as CEDC’s interim CEO since December 2014. She now takes on the role of CEO and is responsible for assisting a 13-member board of directors in setting corporate direction and managing CEDC projects and operations. She will lead a staff of 73 and manage a $6.2 million budget.
BRIDGE Adds to Team
Dan Adams has been appointed director of Potrero at BRIDGE Housing, a leading nonprofit affordable housing developer headquartered in San Francisco.
He will oversee the redevelopment of Potrero Terrace and Annex, a large-scale, mixed-income, mixed-use public housing revitalization effort in San Francisco.
Adams is a licensed architect with more than 20 years of experience in housing and community development. He comes to BRIDGE from MidPen Housing Corp., where he was a director of housing development, overseeing development of multifamily affordable housing projects throughout the Bay Area. Previously, Adams spent six years at the San Francisco Mayor’s Office of Housing.
Emily Weinstein had been overseeing the Potrero development for five years. She is transitioning into a broader role at BRIDGE, where she will help lead the firm’s efforts to deepen community development and improve neighborhoods at multiple sites across its project pipeline.
Gormley Joins CohnReznick
Affordable housing industry veteran Quinn Gormley has been named director, real estate consulting, in CohnReznick’s Austin, Texas, office.
Gormley brings more than 20 years of commercial real estate development experience, principally focused on affordable housing and economic development. He has extensive experience in structured financing, including conventional and tax-exempt revenue bond transactions, and has provided multi-level oversight on the development and initial operation on over 6,000 units of multifamily and single-family affordable housing.
Prior to joining the firm, Gormley supervised all multifamily housing efforts at a national construction firm. Before that role, he served as vice president of real estate at one of the largest community development banks in the nation. He has also originated low-income housing tax credit investments for a nationally recognized syndication firm and served as the rental programs manager for the state of Arizona.
CohnReznick is a leading accounting, tax, and advisory firm.
HUD Appoints Senior Adviser
Richard K. Green has been named senior adviser on housing finance at HUD’s Office of Policy Development and Research (PD&R).
During his one-year appointment, he will advise on the creation of a sustainable housing system that provides support during market disruptions. Within PD&R, he will help set the agenda for housing finance research and play a key role in a range of housing finance projects.
He joins HUD from his role as director of the University of California’s Lusk Center, which seeks to advance real estate knowledge, inform business practice, and address timely issues that affect the real estate industry, the urban economy, and public policy. Green will return as director after June 2016.
Meridian Announces Senior Managing Director
Mike Edelman has joined Meridian Capital Group as senior managing director.
He will be responsible for originating new debt opportunities, augmenting existing client relationships, and helping lead Meridian’s national agency business. He will also play a central role in sourcing and placing loans generated by Meridian’s new investment sales platform.
Edelman joins Meridian from Capital One Multifamily Finance, where he was a senior vice president responsible for Northeast region agency production, managing several regional production teams and overseeing the company’s Freddie Mac relationship. Prior to Capital One, Mr. Edelman worked for Beech Street Capital, which was acquired by Capital One in 2013. He joined Beech Street after 15 years at Freddie Mac.