IRVINE, Calif., Nov. 05, 2015 (GLOBE NEWSWIRE) -- WNC, a national investor in real estate and community development initiatives, announced today Howard M. Heitner, a 35-year veteran of the affordable housing, legal and financial industries, has joined the company’s advisory board.
“Howard is a consummate professional who brings a wealth of expertise and wisdom to WNC,” said Will Cooper Jr., president and chief executive officer of WNC. “His extensive knowledge and leadership experience will be a valuable addition to our company, our investor base and the communities we serve.”
Spanning more than three decades, Heitner began his career in 1976 with the Federal Reserve Board in Washington, D.C. He has also served as president and member of the investment committee of JRK Residential America; as chief operating officer of SunAmerica Affordable Housing Partners; and spent nearly two decades as a partner with O’Melveny & Myers LLP.
Heitner earned a bachelor’s degree from Bucknell University, as well as an M.B.A. and juris doctorate from the University of Chicago. He has served as chairman of the board of The Los Angeles Conservancy, and as a member of the: Hollywood Community Housing Board, Shelter Partnership Board, Menorah Housing Foundation Board, Curtis School Board and Adobe Community Board’s finance committee.
Heitner joins other WNC advisors board members:
- Jim Ashby, who has 20 years of experience as an entrepreneur and business leader and currently serves as chief executive officer of CareMeridian, a healthcare services company;
- Denise Kiley, a 25-year veteran of the real estate industry, including 15 years specializing in low-income housing tax credits (LIHTC); and
- Michael Novogradac, managing partner in the San Francisco office of Novogradac & Company LLP, with 25 years of experience in affordable housing, community development and renewable energy.
WNC, founded in 1971 and headquartered in Irvine, Calif., is a national investor in real estate and community development initiatives, as well as a leading investor in low-income housing tax credits (LIHTC). WNC has acquired more than $7 billion of assets totaling in excess of 1,225 properties in 45 states, Washington D.C. and the U.S. Virgin Islands. Since 2000, WNC has been awarded four New Markets Tax Credit (NMTC) allocations, totaling $178 million, and has facilitated development of 17 low-income community 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.
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Source:WNC & Associates