NEW YORK CITY — Affordable housing preservation company Hudson Valley Property Group (HVPG) has hired Kristin Koch to the role of managing director, head of capital raising. Koch will focus on expanding HVPG’s global investor base across institutional, sovereign and private wealth channels. Koch’s previous experience includes raising approximately $1.4 billion for affordable housing at Jonathan Rose Cos. The firm also has promoted Diana Bellizzi to managing director, head of investor relations, and Matt Doty to chief financial officer and chief compliance officer.
Company News
James Crowder to Lead Affordable Housing Investment and Development for TruAmerica Multifamily
LOS ANGELES — TruAmerica Multifamily has appointed James Crowder as managing director of affordable housing. In this role, Crowder will lead the firm’s affordable housing acquisitions, development and preservation initiatives. Often referred to as “Capital A” affordable housing, TruAmerica’s investment strategy focuses on income-restricted rental housing backed by state and federal tax credit programs, including the Low-Income Housing Tax Credit (LIHTC) program. Prior to joining TruAmerica, Crowder served as vice president of acquisitions and asset management at CCI, where he led investment strategy and portfolio performance. He previously held senior roles …
ATLANTA — Trilogy Investment Co. has promoted David Beare to chief investment officer. Beare joined the firm in 2024 as managing director of structured credit and investments. In his new role, he will oversee investment strategy and capital deployment across Trilogy’s portfolio, with a focus on sourcing new opportunities and partnerships. Prior to joining the company, Beare co-founded ARK Residential, a New York-based build-to-rent (BTR) investment and development firm. Trilogy Investment Co. was founded in 2021 and develops BTR and for-sale, single-family-home communities.
BOCA RATON, FLA. — Andover Real Estate Partners has hired Griffin Hoffmann as principal, head of acquisitions. Hoffmann joins Andover from HPP Real Estate, where he served as partner and head of acquisitions, overseeing new investments and asset management for a portfolio of approximately 1,500 multifamily units nationwide. Earlier in his career, he led acquisitions and development for Somerset Partners/SAM (Sandhurst Apartment Management), where he was responsible for about $1.5 billion in transactions. At Andover, Hoffmann will lead the firm’s national growth, with a focus on value-add multifamily investments in …
ATLANTA — Atlanta-based ECI Group and Houston-based ApexOne Investment Partners have formed a joint venture and a fund to acquire, redevelop and manage multifamily assets throughout the Sun Belt. ApexOne-ECI Multifamily Fund VI will seek total equity capitalization of $500 million. ECI and ApexOne have agreed to co-invest a combined total of approximately $100 million. New York City-based Almanac Realty Investors has committed $350 million. Fund acquisition criteria include existing assets rather than ground-up developments with an emphasis on newer-vintage communities and traditional assets, including workforce housing, all with investment …
COLUMBIA, MD. — Enterprise Community Partners, a national nonprofit affordable housing developer, has hired Kim Darga as vice president and New York market leader. In this role, Darga will lead Enterprise’s work across New York State, including New York City. Prior to joining Enterprise, Darga most recently served as deputy commissioner for the Office of Development at the New York City Department of Housing and Preservation (HPD), the municipal housing agency serving the five boroughs of the New York City metro area. Darga worked for HPD for 18 years in …
BETHESDA, MD. — Walker & Dunlop has hired Jack Hodgkins and Stacie Nekus to its Low-Income Housing Tax Credit (LIHTC) equity team. Hodgkins joins the Bethesda-based commercial real estate finance and advisory services firm as senior vice president and head of LIHTC credit, based in Denver. Nekus joins as senior managing director and head of business development for LIHTC investor relations, based in Pittsburgh. Hodgkins will lead LIHTC credit strategy and underwriting, while Nekus will lead business development efforts for Walker & Dunlop Affordable Equity’s LIHTC investor relations team.
ATLANTA — Cortland, an Atlanta-based multifamily investment, development and property management company, has appointed Meredith Barry to the role of vice president of business development. In this role, Barry will lead expansion of Cortland’s third-party property management portfolio, focusing on securing new partnerships with property owners, institutional investors and developers. Barry will report to Brad Hamel, executive vice president of community operations. Prior to this role, Barry was the vice president of client services at The Bozzuto Group.
FTK Construction Promotes Kim Goodman and Randy Rivers to Lead Expanded Business Development Initiatives
ALLEN, TEXAS — FTK Construction Services has completed some light internal restructuring directed at ramping up activity in new markets and in new segments across the country. Known for its experience building Low-Income Housing Tax Credit (LIHTC) projects, the general contractor is aiming to increase market-rate multifamily construction projects. To this end, Randy Rivers, who first joined the company in 2024, has been promoted to vice president of sales and marketing. At the same time, Kim Goodman, who has been with the firm since 2018, will serve as vice president …
FREDERICK, MD. — JAG Management Co. has been selected by Couloir Ventures to manage the build-to-rent (BTR) townhome community The Foundry at Renn Quarter in Frederick. Couloir is a Bethesda, Maryland-based developer focused on building BTR projects in the metro Washington, D.C., area. JAG Management provides property management services for both Jefferson Apartment Group (JAG)-owned assets as well as third-party-owned communities on the East Coast. JAG is headquartered in McLean, Virginia. A portion of the residences at The Foundry at Renn Quarter are now complete, and residents have begun moving …