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Multi-Housing Executives Update: Former Assistant Secretary of HUD Joins Nixon Peabody’s Affordable Housing Practice, and Other Moves
Published: September 05, 2008
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By Anuradha Kher, Online News Editor
Washington, D.C.--Orlando J. Cabrera has joined the international law firm of Nixon Peabody LLP as counsel in the firm’s affordable housing practice.
Cabrera was most recently assistant secretary for Public and Indian Housing at the Department of Housing and Urban Development (HUD). He was nominated for the position by President George W. Bush.
Cabrera will continue to serve as CEO and president of National Community Renaissance, a national, nonprofit affordable housing developer. While at HUD, Cabrera oversaw the administration of a $24 billion program, which included public housing, Section 8 vouchers and moderate rehabilitation (Mod Rehab) and housing programs for Native American tribes and tribally designated housing entities nationwide.
“Cabrera is a tremendous addition to our already strong and diverse affordable housing practice,” says Stephen J. Wallace, leader of Nixon Peabody’s affordable housing practice. “The depth and variety of his experiences within HUD and his previous positions in both the private and public sectors provide him with a unique understanding and position within the affordable housing industry.”
Green Park Financial Hires Patrick Boyle as Assistant Vice President
Baltimore, Md.--Green Park Financial has recently hired Patrick Boyle (pictured) as assistant vice president in their production group. Boyle has been hired to help grow the company’s loan originations nationwide and will be located in the company’s newly opened Baltimore, Md. office.
Boyle joins Green Park Financial from M&T Realty Capital Corp. where he was assistant vice president. He has held previous positions in production at Mercantile Bank as well as J.P. Morgan Securities Inc. in their syndicated and leveraged finance division.
“With his established Baltimore relationships and experience in multifamily lending, Boyle is a great addition to the team,” says Howard W. Smith, chief operating officer for Green Park Financial. “The Washington - Baltimore corridor is an origination sweet spot for both Green Park Financial and our sister company Walker & Dunlop. Boyle will make an immediate impact in this region”.
Robert Kelly Appointed as Perseus Realty’s First Director of Asset Management
Washington, D.C.--Perseus Realty Partners LLC has appointed Robert Kelly to the newly created role director of asset management.
As director of asset management reporting directly to PRP’s president, Paul Dougherty, Kelly is responsible for the operations of the national real estate investment portfolios of PRP’s managed funds, the Perseus Capital City Fund and PRP II. He will also oversee communications with partner developers and investors as well as property managers, leasing agents, vendors, tenants and senior management.
“As a core expectation defined within our strategic business plan, the decision to appoint a director of asset management now was taken on the basis of the rapid development and broadening of our national real estate portfolios,” says Paul Dougherty, president of PRP.
“Kelly is well known and respected by his peers, and we look forward to benefiting from his depth of practical and technical expertise to ensure the continued successful operation of the real estate assets of both the Perseus Capital City Fund and PRP II.”
Prior to this appointment, Kelly worked with Wachovia Bank, Bethesda, Md., where, as a vice president and senior asset manager/equity team leader, he most recently managed Wachovia’s Structured Finance Equity Investments and was responsible for senior capital restructuring, construction oversight and funding, partnership distribution collection and forecasting and on-going asset due diligence, re-underwriting and valuation.
