Commercial and Multifamily People in the News March 23, 2023

(Josh Reed)

Merchants Capital Promotes Josh Reed to Executive Vice President within the Tax Credit Equity Division

Merchants Capital, Carmel, Ind., promoted Josh Reed to Executive Vice President.

Reed leads the acquisitions team within Merchants’ tax credit equity division and previously served as Senior Vice President.

Since joining the company in late 2020, Reed has been instrumental in developing equity relationships with new and existing partners and has played a leading role in the growth of Merchants Capital as a leading national syndicator with over $650 million in closed lower-tier equity since inception with top industry developers in nearly 30 states.

Reed’s experience includes consulting for tax credit developers on various aspects of sourcing and structuring LIHTC real estate projects. Previously, Reed served at one of the nation’s largest tax credit equity syndicators where he engaged in closing, underwriting, and structuring over $700 million in lower tier equity acquisitions nationally. He also previously managed the construction department that oversaw construction underwriting and monitoring for projects nationwide, including over $600 million in equity investments.

BWE Investment Sales Welcomes Parker Kelly as New Vice President

BWE Investment Sales LLC., a Bellwether Enterprise Real Estate Capital LLC affiliate, hired Parker Kelly as Vice President specializing in manufactured housing.

Kelly will be based in Atlanta, but will lead this asset class nationally. Before joining BWE Investment Sales, Kelly was Vice President in the Manufactured Housing Division of Marcus and Millichap. He received the MMI Sales Recognition Award in 2022 and 2021, the National Achievement Award in 2021 and the 7 Figure Club in 2022. Kelly has closed over $600 million in total sales volume in the last three years.