David 'Mac' McWhorter Joins PEF Advisory Board to Enhance Real Estate Expertise

David "Mac" McWhorter Appointed to PEF Advisory Board

On October 6, 2026, Preservation Equity Fund Advisors (PEF Advisors) proudly announced the addition of David "Mac" McWhorter to their Advisory Board. This strategic move aims to enhance the firm’s depth of experience in institutional real estate, a sector in which McWhorter has excelled for decades.

Who is David "Mac" McWhorter?

David McWhorter currently serves as a Managing Director with Institutional Real Estate, Inc., where he has been leading its Institute for Real Estate Operating Companies since 2016. With over 30 years dedicated to capital raising and investor relations, he has successfully raised an impressive $12 billion for various leading firms, including AEW Capital, Nuveen Real Estate, Heitman, and Carmel Partners. His vast experience will be invaluable as PEF Advisors continues to strengthen its ties with institutional investors and enhance its market strategies.

In a statement regarding his new role, McWhorter expressed enthusiasm about contributing his extensive industry knowledge to PEF Advisors. He stated, "I have dedicated much of my career to assisting real estate investment managers in developing robust institutional platforms and navigating the complexities of growth. I anticipate sharing my insights with Ann and the PEF team as they broaden their institutional investor base and leverage their expertise in affordable housing."

The Importance of Institutional Knowledge

The addition of McWhorter is seen as a critical step for PEF Advisors in bolstering its advisory capabilities in the real estate market. Ann Caruana, the President and Chief Investment Officer of PEF Advisors, remarked on McWhorter’s reputation within the institutional real estate community, saying, "I am excited to work alongside someone of Mac’s caliber and experience. His deep understanding of capital formation and investor relations is exactly what we need as we expand our operations and continue to reinforce our investment platform."

McWhorter’s extensive career has fostered numerous relationships that not only benefit his previous employers but will also significantly impact PEF Advisors as they pursue innovative investment solutions focused on preserving affordable housing across the United States.

Existing Advisory Board Members

McWhorter joins a diverse group of experienced professionals on the Advisory Board, including Tony Breault, who oversees portfolio management at Ascentris; Gena Cheng, founder of Prospect Avenue Partners; Lawrence J. Hass, an attorney at Difede Ramsdell Bender; John Hurley, Chief Investment Officer and co-founder of Penwood Real Estate Investment; and Trisha Malone, President of Anton DevCo. Together, they will collaborate to guide PEF Advisors as it aims to create dynamic solutions for the affordable housing sector.

PEF Advisors' Mission and Future Directions

Since its inception in 2016, PEF Advisors has been committed to acquiring and preserving affordable housing in high-cost markets through strategic private equity funding. As an affiliate of WNC Associates, Inc., PEF leverages over 55 years of expertise in affordable housing, having acquired more than 121,000 units valued collectively at $22 billion. This continued growth underscores their focus on utilizing tax credits and preservation equity strategies to enhance the quality of living for many communities.

With McWhorter’s addition, PEF Advisors is well-positioned to further its mission and adapt to the ever-changing real estate landscape. This noteworthy appointment indicates a positive outlook for the firm, which is determined to remain at the forefront of affordable housing solutions.

For those interested in the evolving dynamics of institutional real estate, staying attuned to PEF Advisors’ developments under the guidance of experienced leaders like David McWhorter will undoubtedly provide insightful perspectives on the industry's future.