#United States #Irvine #affordable housing #Advisory Board #Preservation Equity

Formation of the Advisory Board at Preservation Equity Fund Advisors

In a significant move to bolster its strategic foothold in the affordable housing sector, Preservation Equity Fund Advisors (PEF Advisors) has announced the establishment of its Advisory Board. This advisory body aims to unify a select group of esteemed leaders from various sectors, including institutional real estate investment, private equity, and fund governance, to provide valuable insights as PEF Advisors continues to expand its reach and influence in the market.

The Advisory Board Members

The inaugural Advisory Board consists of prominent figures, each bringing a wealth of experience and expertise:

• - Tony Breault, Managing Director of portfolio management at Ascentris, has assumed a pivotal role as a senior real estate officer for the Oregon State Treasury. His vast experience overseeing global real estate portfolios will be instrumental in guiding PEF Advisors.

• - Gena Cheng, Founder of Prospect Avenue Partners and former senior executive at USAA Real Estate, has a background in institutional capital raising and portfolio management, making her insights valuable for capital formation strategies.

• - Lawrence J. Hass, an attorney at Difede, Ramsdell & Bender, is a recognized authority on legal advisory matters involving private real estate investment funds and regulatory frameworks.

• - John Hurley, Chief Investment Officer and co-founder of Penwood Real Estate Investment Management, brings decades of expertise in investment strategy and portfolio management, ensuring PEF Advisors' investment strategies are both innovative and sound.

• - Trisha Malone, President of Anton DevCo, oversees operations at a leading affordable housing developer and will lend her extensive operational and strategic experience to the board’s initiatives.

Strategic Vision and Growth

The formation of the Advisory Board is a clear indication of PEF Advisors' commitment to growth and evolution within the landscape of affordable housing preservation. Ann Caruna, the company’s President and Chief Investment Officer, noted, "The creation of our Advisory Board signifies our continuous growth and sophistication within the industry. Each member provides a different perspective and depth of experience that our firm can utilize as we navigate our future directions." Caruna echoed confidence that the insights from the Advisory Board would significantly predicate the strategic advancements PEF Advisors is poised to achieve.

With a focus on preserving and enhancing affordable housing, PEF Advisors aims to leverage the collective expertise of the Advisory Board to formulate innovative investment solutions. This aligns with the company’s goal of ensuring strong outcomes for investors and an improved living experience for residents in the affordable housing sector.

About PEF Advisors

Founded in 2016, Preservation Equity Fund Advisors, LLC operates with a clear vision: to acquire, enhance, and sustain affordable housing in high-demand markets. As an affiliate of WNC Associates, Inc., PEF Advisors capitalizes on over 55 years of experience in managing more than 119,000 housing units worth $21.4 billion nationwide. The company is recognized for its investment strategies tied to tax credits and preservation equity, methods that empower sustainable living environments.

As the firm continues to collaborate with the Advisory Board, PEF Advisors is excited about the opportunities that lie ahead in reshaping the landscape of affordable housing across the United States. The Advisory Board's involvement will not only enrich PEF Advisors' strategic framework but will also reinforce its mission to deliver exceptional value and support to the communities it serves.