Michael Riechman will join Centerline Capital Group as the new head of affordable housing in September.
He will be based in Charlotte, N.C., but will have nationwide responsibility for developing Centerline’s affordable housing equity business.
A low-income housing tax credit syndicator, Centerline has raised more than $10 billion in equity and has invested in more than 1,300 affordable multifamily properties. The firm also has core business units involved in asset management, affordable housing debt, and mortgage banking.
Riechman will lead a national team of 25 specialists working in acquisitions, dispositions, underwriting, and fund originations.
He joins the firm from RBC Capital Markets, where he most recently had been managing director responsible for tax credit investments. Prior to RBC, Riechman worked at Fannie Mae, where he held several key positions in the American Communities Fund.
