IRVINE, Calif., Feb. 19, 2013 (GLOBE NEWSWIRE) -- WNC, a national investor in real estate and community development initiatives, announced today that 17-year tax credit veteran Anil Advani has rejoined the firm as Senior Vice President - Private Label Funds.
Advani previously oversaw WNC's underwriting department which is now led by Greg Hand, Senior Vice President of Underwriting, a 15-year veteran with WNC. Advani rejoins WNC in a new role the company created to grow its private label fund business with large institutional investors.
Advani will be responsible for developing and maintaining relationships with private label investors, as well as managing the closing process of WNC's Private Label Funds. Christine Cormier, Senior Vice President – Investor Relations, will continue to oversee WNC's growing Multi Investor Fund business.
"WNC is pleased to welcome Anil, a seasoned industry professional," said Michael Gaber, Chief Operating Officer of WNC. "Throughout his 17-year career, Anil has built a reputation for execution and integrity and is an excellent fit with the WNC team."
Advani brings a unique set of skills honed over 17 years in the affordable housing industry. Prior to joining WNC, he served as Managing Director with Red Capital Group, working in the company's tax syndication group. He was responsible for originating and underwriting tax credit investments for placement into corporate tax credit funds. Advani also served as Manager of Tax Credit Investment Advisory Services of Ernst & Young, performing due diligence on tax credit funds. He began his career in 1996 with the Reznick Group.
Advani holds a bachelor's degree from the University of Texas, Austin, and a juris doctorate from American University.
WNC, founded in 1971 and headquartered in Irvine, Calif., is a national investor in real estate and community development initiatives. WNC has acquired more than $5.5 billion of assets totaling in excess of 1,100 properties in 45 states, Washington D.C. and the 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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