Personnel News from Greystone, Merchants Capital
Imran Ahmed Joins Greystone
Greystone announced that Imran Ahmed joined the firm as a Senior Managing Director.
In his new role, Ahmed will focus on expanding Greystone’s corporate finance activities, including development of global corporate and investment banking, and institutional capital relationships which help to power the firm’s growing asset and investment management capabilities and lending platform.
A capital markets and investment strategy veteran, Ahmed was most recently at CBRE Capital Advisors Inc., the broker-dealer group within CBRE Group. He served as an Executive Managing Director within Global Capital Markets. He was previously a Managing Director and Co-Head of Real Estate at KPMG Corporate Finance, Partner and Chief Operating Officer at Ranieri Real Estate Partners, and also served as a Managing Director of Real Estate Investment Banking and Commercial Real Estate Finance at Deutsche Bank Securities.
Merchants Capital Adds Three Senior Hires to New Tax Credit Equity Syndications Division
Multifamily housing financier Merchants Capital, Carmel, Ind., announced three new senior hires on its tax credit equity team: Josh Reed, Jillian Flynn and Lindsey Davitt.
The new hires join Senior Vice President of Tax Credit Equity Julie Sharp who leads the tax credit syndication platform, Merchants Capital’s newest business line.
Josh Reed joined as Senior Vice President. He will lead Merchants Capital’s Equity Acquisitions group that oversees all lower-tier sourcing, pricing, structuring and closing functions. With more than a decade of acquisitions and development consulting experience, he has worked in both housing finance and construction management. Reed previously spent 11 years at a national tax credit syndicator where he closed and structured over $700 million in lower-tier equity transactions. Prior to that, he managed the construction underwriting department that underwrote and monitored construction for Low-Income Housing Tax Credit projects in 30 states.
Jillian Flynn joined the Merchants team as Vice President and Chief Equity Underwriter. In this role, Flynn is responsible for credit, underwriting and risk management for Merchants Capital’s equity acquisitions and fund offerings and sits on all investment approval committees. Prior to joining Merchants Capital, Flynn spent a decade as a manager in Ernst & Young’s Tax Credit Investment Advisory Services division. While at EY, Flynn completed project assessments for over 750 real estate properties with federal and state monetizable tax credits, including LIHTC and Historic Rehabilitation tax credits, in nearly all 50 states. Flynn also provided accounting and tax advice to some of the nation’s largest investors and opined on real estate underwriting, transaction structure, tax risk and feasibility for tax credit funds sponsored by the nation’s largest tax credit syndicators. Flynn has also previously held roles at the Massachusetts Department of Housing and Community Development and the Metropolitan Boston Housing Partnership and is an Enrolled Agent able to practice before the Internal Revenue Service. She will continue to work in Boston.
Lindsey Davitt joined Merchants Capital as Vice President of Equity Asset Management, overseeing the equity asset management division. Working from Newport, R.I., Davitt is responsible for managing equity investments in both the development and stabilized phases, including monitoring construction and lease up, overseeing all third-party compliance monitoring, equity draw requests, investor reporting and quarterly risk-rating for the LIHTC equity portfolio. She sits on all investment committees and manages Merchants Capital’s asset management technology initiatives. Prior to joining Merchants, Davitt was a senior asset manager at Boston Capital and has previously held asset management positions at CBRE Global Investors.
