ANNAPOLIS, Md., July 20, 2016 /PRNewswire/ -- The Concourse Group (Concourse) recently appointed Mr. John Benton to lead its Affordable and Workforce Housing Practice to support its growing list of Housing Authority clients.
Mr. Benton's unparalleled experience in the industry includes: $5 billion in multifamily development and financial investment; overseeing operations of 10 Low Income Housing Tax Credit (LIHTC) syndicated investment funds; the workout and restructure of $2.1 billion in property and financial restructures; and the portfolio asset management of over 130,000 LIHTC and subsidized units across the United States including Puerto Rico and Hawaii.
Prior to joining Concourse, Mr. Benton, was the Director of the U.S. Department of Housing and Urban Development (HUD) Multifamily Program Center in Miami, FL overseeing major public private partnership (P-3) initiatives and federal multifamily housing programs. Prior to that, he served as Vice President at PNC Bank Multifamily Special Assets (LIHTC) where he restructured equity and renovated LIHTC properties throughout the country. His other private sector experience includes managing property workouts for a $2.1 billion residential portfolio and overseeing syndicated and un-syndicated LIHTC investment funds.
Tom Shea, partner at Concourse said, "John excels at providing innovative and creative asset management, development, and financing solutions for Concourse's housing authority clients. His in-depth experience with HUD policies and programs, allows our clients to navigate smoothly through the complexities of HUD's RAD program, regulatory environment, and the capital markets – to reach closing."
About The Concourse Group The Concourse Group, headquartered in Annapolis, Maryland and with offices in Washington, DC, Colorado, and California, was founded in 2001 and provides consulting support in affordable housing, real estate privatization, finance, development, planning, and economic analysis. The firm provides end-to-end real property consulting throughout the entire property lifecycle to optimize its client's portfolio.
Concourse was winner of the MIT 2016 Small Business of the Year Award for its work developing a plan to recapitalize MIT's research laboratory.