September 23, 2014 3:14 PM ET

Household Durables

Company Overview of The NHP Foundation

Company Overview

The NHP Foundation develops, acquires, and renovates housing units in South Central, Mid Atlantic, North East, and South East America. It offers housing development services, such as site identification and acquisition, financing, entitlements, constituency communications to build community acceptance, value engineering and project bidding, and oversight of land development and project construction, as well as selection and coordination of design and development teams. The company also provides resident services. Its projects include multifamily rental homes for large and small families, seniors, and persons with disabilities. The NHP Foundation was founded in 1989 and is based in New York, ...

122 East 42nd Street

Suite 3605

New York, NY 10168

United States

Founded in 1989

Phone:

646-336-4940

Fax:

646-336-4941

Key Executives for The NHP Foundation

Chief Executive Officer and Trustee
Controller
Age: 51
Senior Vice President of Acquisitions and Secretary
Managing Director of Resident Services
Vice President of Institutional Advancement & Communications and Assistant Secretary
Compensation as of Fiscal Year 2014.

The NHP Foundation Key Developments

National Housing Preservation Fund Announces Expanding its Footprint into Toledo, Ohio

NHP Foundation-Urban Atlantic Fund I, LLC and PNC Real Estate announce the acquisition of Alpha Towers, a 165-unit senior apartment community located in Toledo, Ohio. The 9-story, mid-rise building, situated on 3 acres in downtown Toledo will provide affordable housing for low- to moderate-income seniors. This is the fifth acquisition by the Fund. Launched in June 2012, the $50 million equity Fund, created to address the growing shortage of American affordable housing, brought together three national leaders in the development of affordable real estate: PNC Real Estate, Urban Atlantic, and The NHP Foundation. The Fund's mission is to identify and preserve affordable housing developments that are both sound investments and important components of the social fabric in their broader communities. These properties total nearly 860 units and create the potential for over 2,200 individuals the opportunity to experience quality, safe, and affordable housing in these urban and suburban settings. In addition, a large portion of residents who call these properties home will now have access to a comprehensive array of programs and services designed to enhance their quality of life. Each of the four properties enjoys distinctive features. In Baltimore, Bolton North is a 209-unit senior housing high-rise located in the vicinity of the Inner Harbor. It is in a neighborhood known for its tranquil, tree-lined streets populated by an outstanding collection of restored mid to late19th century townhouses, urban mansions, churches, and public buildings. In Prince George's County, Holly Springs Meadows, Capital Courts, and The Woods at Addison are garden style communities that enjoy excellent amenities with close proximity to Metro Bus and Rail service. Though the three Fund partners each have separate and unique histories, their respective goals and business models intersect to meet the needs of the communities in which they have invested.

The NHP Foundation Appoints Frank L. Sullivan, Jr. to its Board of Trustees

The NHP Foundation announced that Frank L. Sullivan, Jr. has joined its Board of Trustees. Mr. Sullivan brings to NHP Foundation a wealth of valuable real estate experience. His real estate acumen comes from 30 years as a founder of Clarion Partners, including serving as a private market portfolio manager for several large institutional separate accounts. Mr. Sullivan's expertise is further attested to by his activities outside Clarion. He, for 20 years, was a professor of Real Estate Finance at New York University's Graduate School of Business. In addition, he has been a visiting lecturer at Cornell University, the University of Pennsylvania, the University of Virginia, and Yale University. Lastly he has served as an expert witness in various courts and sits on the Cornell University Real Estate Advisory Board.

The NHP Foundation Appoints Mecky Adnani as Vice President of Acquisitions

The NHP Foundation (NHPF) announced that Mecky Adnani is the newly appointed Vice President of Acquisitions. Her background is perfectly matched to NHPF's mission of making investments that preserve and create affordable housing for low- to moderate-income families and seniors. Since her arrival, she has immediately begun to collaborate on ways to make The Foundation's mission grow and making Where You Live Matter. Prior to joining NHPF, she directed the acquisition and preservation activities for The Community Builders Inc.

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