Cody Langeness Appointed President of Red Stone Tax-Exempt Funding
- Jan 27, 2016
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.