August 2010
WNC Appoints Michael Gaber to Chief Operating OfficerHall and Hollingsworth Join His Team
WNC & Associates, Inc. (“WNC”) has appointed Michael Gaber, Executive Vice President, as Chief Operating Officer.
As COO, Mr. Gaber will be leading WNC’s syndication, asset management and portfolio management businesses. Mr. Gaber has been with WNC for 13 years and most recently served as Executive Vice President with responsibility for WNC’s syndication group, which includes acquisition, originations and investor services. Joining Mr. Gaber’s team will be Paula Hall, appointed as Vice President - Asset Management, and Tom Hollingsworth, appointed as Vice President - Portfolio Management. Ms. Hall and Mr. Hollingsworth will be reporting to Mr. Gaber and have been with WNC for 13 years and five years, respectively.
“Michael brings 20 years of experience in the real estate industry and has proven to be a strong leader during his 13 years with WNC. He has successfully led our LIHTC syndication business which has continued to grow and thrive during a time when many of our competitors have struggled. He is well respected in the LIHTC industry and has been a key player in establishing strong relationships with our institutional investors and developer clients. I look forward to working with Michael in his new role where he will now apply his leadership skills in our asset and portfolio management businesses,” said WNC CEO Will Cooper, Jr.
“Paula has also proven to be a strong leader at WNC with an outstanding grasp of affordable housing operations and management. She is skilled in resolving property operational issues and developing a culture of highly-talented and focused employees. Paula formerly served as WNC’s Director of Asset Management and most recently served as Vice President – Owners’ Representative where she oversaw the successful operations of WNC’s development portfolio,” added Cooper.
“Tom will be leading our Portfolio Management team, which is responsible for reporting and communicating with WNC’s 19,500 institutional and retail investors. With 28 years of real estate experience, including nine years in the LIHTC industry, Tom brings to WNC a significant set of skills and knowledge in the LIHTC industry that investors demand. I look forward to the contribution he will make in further solidifying WNC’s investor relationships,” continued Cooper.
Founded in 1971, WNC is a leading affordable housing investor and ranks within the top 20 of the nation’s largest apartment owners, with more than $4.5 billion in real estate assets acquired, including more than 1,050 properties in 44 states. WNC has successfully syndicated more than 190 funds on behalf of 19,500 institutional and retail investors, including 21 Fortune 500 companies, multinational banks, and many of the nation’s leading insurance companies. WNC is led by a management team that averages 21 years with the company and 26 years in the real estate industry. WNC is based in Irvine, California, and has eight offices nationwide.
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