Y15: Lessons Learned At Disposition
Wednesday, November 8: 4:00pm – 5:30pm
There is no such thing as a routine Y15 disposition process. Each project must navigate through its own set of unique circumstances. The LPA language might catch some by surprise; a lender document might not jive with the intended Y15 plan, and a sale might take a left turn. This panel will share some stories of Y15 projects and all the twists and turns encountered along the way.
Robert (Bob) M. Snow, National Equity Fund, Inc. (NEF)
Mr. Snow is the Vice President, Dispositions at the National Equity Fund, Inc. Bob has more than 30 years of diverse experience in affordable housing. Before joining NEF in 2012, Bob worked for National Affordable Housing Trust for 20 years; 10 years managing its development consulting group and 10 years leading its Asset Management department. Prior to NAHT Bob was Executive Director for the Ohio Energy Action Corporation, which provided financial incentives for green energy retrofits. He has a BA in Government and Law from Lafayette College.
Randall B. Shorr, Randall B. Shorr Attorney at Law
Mr. Shorr is an attorney in solo practice in Cleveland, Ohio. His law practice focuses on the representation of nonprofit and for-profit developers, housing authorities and lenders in affordable housing and other community development projects throughout Ohio and neighboring states. Mr. Shorr received JD (cum laude) and MBA degrees from Case Western Reserve University, where he served as an Articles Editor of the Case Western Reserve Law Review. He was admitted to the Ohio bar in 1986, and established his solo practice in 1994. He has served on the Cleveland Landmarks Commission and on the boards of various nonprofit organizations. Mr. Shorr has been a frequent speaker at affordable housing conferences and seminars, and currently serves on the Governing Committee of the ABA Forum on Affordable Housing and Community Development Law.
Robert S. Curry, CHN Housing Partners
Rob Curry is the Executive Director of the CHN Housing Partners (CHN). Mr. Curry is responsible for the overall management of CHN, its thirty-five (35) real estate partnerships / LLCs, and a combined annual operating and capital budget ranging from $40-60 million. The mission of CHN is to leverage the power of affordable, stable housing to change lives and improve communities. CHN's core operations include affordable housing real estate development (6,000 units), property management (2,000 units currently under management), and energy conservation (8,000 jobs annually). In addition, CHN delivers an array of housing stability resources, including utility bill assistance (30,000+ clients annually) and foreclosure prevention. Finally, for residents of CHN homes, CHN focuses on delivering a portfolio of resident services designed to maximize opportunities for families to enhance their own financial stability and success. Prior to joining CHN in 1998, Mr. Curry was the Program Director of the Cleveland LISC office. He received his MBA from Case Western Reserve University and his BA in Peace Studies from Manchester University.
Stasiu (Stash) Geleszinski, Capstone Apartment Partners
Stasiu Geleszinski, or "Stash" as those in the industry know him, acts as the managing director of Capstone's Cincinnati office. He has led the team through many types of transactions, including multi-family investment sales (conventional, affordable, and student housing), as well as development site sales throughout the Midwest. Stash holds the esteemed Certified Commercial Investment Member designation. He has been involved in the analysis, underwriting, asset management, syndication and disposition of thousands of apartment units worth more than $100M, and represented clients from across the world. Beginning his career in commercial real estate during a recent recessionâ€”these challenging, formative times played a significant role in developing the tremendous work ethic, character, and "never say never" attitude, which so clearly encapsulates Stash, and the entire Cincinnati team, to so many in the multi-family industry.