Irvine, CA, April 20, 2012 --(PR.com
)-- WNC & Associates, Inc. (WNC), a national investor in urban renewal and affordable housing projects, has promoted two executives, bolstering its Legal Services and Acquisitions divisions amid continued growth and expansion.
“We have experienced considerable growth throughout our organization as we have ramped up our acquisition activity, increased our base of institutional investors and expanded our geographic reach,” said Wilfred Cooper, Jr., President and CEO of WNC. “The promotion of Kelly and Greg will strengthen our leadership team with proven veterans from within the WNC family.”
Kelly Henderson, Esq. has been promoted to the position of senior vice president – legal affairs. Her responsibilities will include structuring partnership agreements, serving as legal counsel on transactions and assisting WNC’s Acquisitions team in structuring complex transactions. Henderson previously served as a vice present and team leader on WNC’s Acquisitions team.
Greg Hand, a WNC team member since 1988, has been promoted to the position of chief underwriter – acquisitions, where he will serve as department head of the Acquisitions team. His responsibilities will include the oversight of the underwriting process for all Low Income Housing Tax Credits (LIHTC) transactions. He will also retain his membership on WNC’s New Markets Tax Credits (NMTC) and Acquisitions Committees.
The promotion of Henderson and Hand comes on the heels of WNC’s most successful year since its founding in 1971, with the firm sponsoring its 200th fund and receiving its fourth New Markets Tax Credit allocation. WNC’s syndication team also closed nearly $400 million of equity across eight different funds.
About WNC & Associates, Inc.
WNC & Associates, Inc., founded in 1971 and headquartered in Irvine, Calif., is a nationwide investment firm specializing in Low Income Housing Tax Credits and New Market Tax Credits. To date, WNC has acquired over $5 billion of assets totaling more than 1,050 properties in 45 states. Additionally, WNC has been awarded four NMTC allocations to date totaling $178 million and has facilitated development of 15 community renewal projects. WNC’s investor base exceeds 19,500 institutional and retail clients, including Fortune 500 companies, multinational banks, and insurance companies. Additional information is available at www.wncinc.com.