R ICHARD F. B URNS
PRESIDENT & C HIEF E XECUTIVE O FFICER
Richard F. Burns, Trustee, President & Chief Executive Officer joined NHPF as trustee, president & CEO in 2009. Since that time, he has overseen the $775M acquisition/preservation of 50 properties representing over 9,000 units. In addition, Burns created a predevelopment/acquisition fund, and working closely with partner organizations, underwrote the funding for eight affordable housing complexes, with 1,320 units. During his tenure at NHPF, Burns has led the efforts to secure $483 million in development funding using the Low-Income Housing Tax Credit (LIHTC), which he calls the “affordable housing industry’s most successful production tool.” Burns is a real estate investment professional with over 40 years of experience managing money for pension funds and other institutional investors, both domestic and foreign. He has participated in the start-up of three real estate investment management firms where he was a founder and senior partner and has had extensive experience investing in multifamily real estate. While a partner in one of the largest affordable multifamily investment firms, Burns gained experience with the various government programs available for affordable housing. This experience, combined with his in-depth knowledge of apartments and years of work on not-for-profit boards, allows him to lead The Foundation in its mission to provide quality, affordable, rental housing and resident services for low and moderate income families and seniors. Burns earned a B.S. from Boston College and a M.B.A. from Boston University.
Experience
THE NHP FOUNDATION 2009 – Present Chief Executive Officer Responsible for managing a nonprofit that preserves and creates affordable multifamily housing and provides an array of services to its residents. The Foundation owns 800 units in 15 states and the District of Columbia
ZISLER CAPITAL PARTNERS 2006 – 2009 President Raised debt and equity real estate capital for property developers and investor clients Worked with clients to enhance their organizational structure and investment strategy
BENCHMARK ASSISTED LIVING 2005 – 2006 Principal and Chief Investment Officer Raised capital, re-capitalized portfolios, adding value to existing assets and new investments Member of the management committee and investment committee Managed a staff of eight professionals working on investment research, portfolio recapitalizations, and acquisitions, and securing a large capital commitment from an Australian-listed property company.
MORGAN STANLEY ASSET MANAGEMENT
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