Enterprise Community Investment, Inc. Announces Asset Management Promotions
Group Helps Preserve Value for Community Partners and Residents
Columbia, Md. (August 23, 2006) – Enterprise Community Investment, Inc. (Enterprise) recently elected Beth O'Leary to vice president of Asset Management East and promoted seven additional asset management professionals. Enterprise is a national leader in the affordable housing and community revitalization industry. Working with various investor and developer partners, Enterprise finances, develops, and manages a portfolio of high-quality affordable housing and related community enrichment facilities in underserved communities across the country.
Enterprise's Asset Management group provides physical and financial oversight to a portfolio of nearly 1,500 low-income housing tax credit (LIHTC) properties. Asset Managers oversee properties from construction and lease-up, through the 15-year compliance period to ensure solid performance, and also work with project sponsors and investors to develop a disposition strategy for properties in year 15.
“We are thrilled to have Beth O’Leary leading our East coast asset management team,” said Holly Stagmer, executive vice president, Finance, Credit and Asset Management. “She brings significant experience in management, finance, property management and compliance to help Enterprise provide the best service to our partners.”
O’Leary will be based in Albany, New York and is re-joining Enterprise; from 1994 – 2004, she oversaw the company’s asset management properties in the Northeast. Recently, she consulted for the company, handling issues related to tax credit projects reaching year 15 in New York City. Prior to joining Enterprise in 1994, O’Leary worked for more than seven years in various capacities for the Northwest Bronx Community and Clergy Coalition. She was responsible for putting together loan packages, organizing tenants and community leaders and overseeing and supervising the staff and organizational budget. She also worked for two years at New York City’s Department of Housing Preservation and Development as an underwriter and compliance officer.
The following asset management staff received promotions. Together, these individuals are experienced in financial analysis and reporting, tax and audit reporting, physical inspections, compliance and problem resolution for low-income housing tax credit properties.
- Laura Pishion is director of the West team, based in Portland, Ore.
- Jackie Frank is manager, Financial and Tax Reporting, located in Columbia, Md.
- Tania Garrido, in New York City, and Lori Maraldo, in Cleveland, Ohio, are senior asset managers.
- Marta Eriksson, in Columbia, Md., Mario Kilfarski based in New York City, and Christopher Walvoord in Portland, Ore., are asset managers.
“These individuals also represent Enterprise’s commitment to service and demonstrate the talent and dedication of our growing asset management department,” said Stagmer.
Enterprise Community Investment, Inc. (Enterprise) is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. Enterprise leverages low-income housing, new markets and historic rehabilitation tax credits, short- and long-term debt, and development services to capitalize projects that make a catalytic difference in communities. For over two decades, Enterprise has privately raised $7 billion in capital to finance affordable housing, create vital communities and help transform the lives of low-income Americans, particularly those at the lowest end of the economic scale. Currently, Enterprise is investing in communities at a rate of $1 billion a year. Visit www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.
### |
|
Resources & More Information |
| News Archive |
Media Contact
Terri Bolling
PR & Regional Services
Production Lead
410.772.2449
Email Terri
|
|
|
