KEVIN DAY JOINS R4 CAPITAL TO MAXIMIZE DISPOSITION GOALS

NEW YORK, Feb. 11, 2025 /PRNewswire/ -- R4 Capital, a nationwide affordable housing investor, lender, and developer, is pleased to welcome Kevin Day as Director of Capital Transactions and Asset Strategies based in the firm's New York office. As part of the firm's Asset Management Group, Mr. Day will play a key role in the disposition of properties within R4's seasoned LIHTC equity funds, along with refinancing and repositioning assets. Mr. Day's expert knowledge will ensure R4's equity funds maximize the residual value of their investments in affordable housing properties reaching the end of their intended holding period.

For more than 20 years, Mr. Day has managed portfolios in the tax credit industry representing over $2 billion of real estate assets. Previously, Mr. Day was Senior Vice President of Portfolio Management at Conifer where he repositioned and/or recapitalized over 30 of the firm's existing 200 property portfolio. Prior to that, he oversaw asset management of more than 10,000 units as Vice President of Asset Management at Fairstead. Other significant positions include Director of Portfolio Management at AIG and Director of Capital Transactions and Special Asset Management at Centerline Capital Group.

Greg Doble, Managing Director and Director of Asset Management for R4 Capital, notes "As properties in R4's portfolio complete their 15-year LIHTC compliance period, Kevin will work to unlock the greatest value for R4 and its investors." Reflecting R4 Capital's proactive strategies, Mr. Day's approach to dispositions is not a "one size fits all" model. His scope of experience through various market cycles affords him the ability to consider the optimal approach for each asset.

Mr. Day joins R4's team of the senior executives who, since R4's 2011 inception, have been pivotal in raising and deploying more than $10.6 billion in affordable housing equity and debt investments across 49 U.S. states and territories, solidifying R4 Capital as an affordable housing industry leader.

About R4 Capital
R4 Capital provides capital solutions to create and preserve affordable housing nationwide. We are an affordable housing investor with proven expertise in LIHTC equity syndication, underwriting, asset management, tax-exempt lending, and development. Our growing portfolio includes more than 70,000 units of affordable housing.

SOURCE R4 Capital LLC