Cody Langeness Appointed President of Red Stone Tax-Exempt Funding

Multifamily real estate financing company Red Stone appoints Cody Langeness as president after James Spound steps down.
Cody Langeness, President, Red Stone

Cody Langeness, President, Red Stone Cos.

New YorkRed Stone Cos. recently announced that Cody Langeness is the new president of Red Stone Tax-Exempt Funding LLC.

Langeness joined the company over ten years ago and his work has been crucial to originating, structuring and underwriting a total of more than $1.5 billion in multifamily loans and equity. Before his latest promotion, he occupied the position of managing director. During this time, he managed to attract and oversee more than $1 billion of investor capital which was directed towards Red Stone’s affordable housing investment plans. Additionally, Langeness is a board member of the Wisconsin Real Estate Alumni Association.

“I believe Red Stone, under Cody’s leadership, will be in a great position to expand its tax-exempt platform as well continue to diversify into many new and innovative debt and equity products for the industry,” John Sokolovic, co-founder & senior managing director of Red Stone said in prepared remarks.

“2015 was a great year for us with about $250 million in closed transactions. I look forward to working closely with our investors, clients and management team to continue to grow Red Stone as a national leader in the financing of affordable housing,” Langeness added.

Red Stone is a multifamily real estate finance company that provides financial solutions for the affordable housing sector. Since its inception 14 years ago, the company has managed to facilitate more than $5 billion for the financing of affordable multifamily transactions.