United Fund Advisors Expands New York Presence
PORTLAND, Ore., March 20, 2015 /PRNewswire/ -- United Fund Advisors (UFA) announced today that it is expanding its presence in New York City with the opening of a new office and the addition of business development and finance professional Ashley Dills to the UFA team as Senior Vice President.
Since 2008, UFA has provided direct financing or served as an advisor to 23 real estate projects in the New York City and Newark, NJ area with total development costs in excess of $1.9 billion. UFA has provided these projects with over $200 million in direct financing and these projects have utilized over $580 million in additional New Markets Tax Credit (NMTC) and EB-5 capital.
"Providing capital for community development projects in New York has been an integral part of our business for nearly a decade," said Cam Turner, Principal of UFA. "Opening our New York City office and adding Ashley to our team represents our continued commitment to providing capital from a wide range of sources to finance high-impact projects in the City."
Ashley Dills will be heading UFA's New York City office. She brings over 15 years of real estate development and finance experience to UFA, having deployed more than $350 million of capital into underserved communities across the Northeast. Prior to joining UFA, she led business development and finance efforts for Civic Builders, Inc., a nonprofit real estate developer serving the charter school sector. Prior to Civic Builders, she was on the financial services team at the Nonprofit Finance Fund, a national Community Development Financial Institution, and separately provided credit analysis and financial packaging services for micro-enterprise loan funds and micro-entrepreneurs.
UFA provides NMTC financing activity through its subsidiary, National Community Fund, and EB5 financing through EB5 Opportunities Fund, another subsidiary. More information can be found at unitedfundadvisors.com.
About United Fund Advisors
UFA is a fund manager and financial services company that provides tax-advantaged investment capital and advisory services for community development and renewable energy projects throughout the U.S. With over $2 billion in assets under management, all of UFA's investments and services are driven by its triple bottom line mission "to create opportunities for profitable investments which enhance social and environmental yields." UFA's investments have incorporated a wide array of alternative financing tools, including NMTCs, Renewable Energy Investment Tax Credits, Historic Rehabilitation Tax Credits and EB-5 capital.
Logo - http://photos.prnewswire.com/prnh/20150319/183364LOGO
SOURCE United Fund Advisors
Share this article