People
RED Hires Jim Hensley to Head Origination Teams and Lead Expansion Efforts
Red Mortgage Capital LLC, the mortgage banking arm of RED Capital Group LLC announced the addition of James P. Hensley as a senior managing director to its senior management team.
MassHousing’s David Keene Elected as VP of National Leased Housing Association’s Board of Directors
MassHousing’s David Keene has been elected to serve a one-year term as vice president on the National Leased Housing Association Board of Directors.
Interface Names Jo Ann Herold Chief Marketing Officer
Interface Chairman and CEO Dan Hendrix announced that Jo Ann Herold has been appointed chief marketing officer for the company.
Behringer Harvard Multifamily REIT I, Inc. Enters into Arrangements to Become Self-Managed
Behringer Harvard Holdings LLC announced that a special committee of the board of directors of Behringer Harvard Multifamily REIT I, Inc. and affiliates of Behringer Harvard, including the REIT’s dedicated advisor and property manager, have entered into contractual arrangements whereby the REIT will begin the process of becoming self-managed.
New Boston Fund Names Dan McGrath Assistant VP
Boston—New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced the promotion of Dan McGrath to assistant vice president, where he will work alongside the Northeast development team and the national asset management team. McGrath was recently integrated into New Boston Fund’s development team for One Greenway, a planned 362-unit mixed-income development bordering Boston’s Chinatown neighborhood and the Rose Kennedy Greenway. The project will include 312 apartment units in a 21-story tower, along with ground floor retail and community space, a 1/3 acre of publically accessible open space and 50 affordable condominiums. As part of this…
MHN Interview: Financing Supportive Housing for Veterans
KayBank recently provided $5 million in Low Income Housing Credit to finance a supportive housing development for veterans called Cadence Square in Canandaigua, N.Y. MHN speaks to Kevin Nowak, national equity investment manager for Key Community Development Corp., a part of KayBank, about this transaction, as well as the importance of enhanced-use leases.
New Boston Fund Names Walker VP of Construction
New Boston Fund Inc., a private equity real estate investment, development and management firm, announced today the promotion of David Walker to vice president of construction in the Northeast.
Gvest Adds Frericks as CFO
Gvest Partners has hired Kevin Frericks, CPA, as chief financial officer. Frericks will be based in the firm’s Atlanta office.
James Stanfill Joins McKinley as Managing Director, West Coast Residential Operations
McKinley announced that James Stanfill has joined the company as managing director, West Coast operations, to lead the McKinley Residential expansion into California.
Alied Orion Group Names Mitch Maples As Chief Financial Officer
Allied Orion Group LLC has named Mitch Maples as its new chief financial officer. Maples will be responsible for overseeing all financial/accounting operations for both the corporate property management and development office.