FRED C . MITCHELL SENIOR VICE PRESIDENT , ASSET MANAGEMENT
FredMitchell joinedTheFoundation in2010.His primary responsibility is assetmanagement forTheFoundation's portfolio. Prior to joining TheFoundation,Mr.Mitchellwas the founder andManagingDirectorofMFXRealtyAssociates, Inc.MFXprovidedthird-partymanagement, asset consulting, andcompliance services to institutional owners, developers, andmanagers of affordablemulti-familyhousing. Prior toMFX, Mr.MitchellwasDirector of AssetManagement for Related/CenterlineCapital. Hehasover 36yearsof experience inproperty andasset management including20yearsmanagingSection42properties. Duringhis career,Mr.Mitchell has been involvedwithmulti-family assets in all 50 states, theDistrict of Columbia, andPuertoRico.Mr.Mitchell is past President of both theChicagolandand IllinoisApartment Associations andholds theCertifiedPropertyManager andHousingCredit CertifiedProfessional designations and is a licensed real estate broker in Illinois.He receivedaB.S. fromtheUniversityof Connecticut/PostCollegeandcompletedgraduatecourses at theUniversityof New
Havenand theUniversityof Houston.
Experience
THE NHP FOUNDATION 2010 – Present Senior Vice President for Asset Management Provide asset management functions for a portfolio of over 5,800 units in 27 multifamily properties located in 12 states and the District of Columbia. This portfolio of properties has an aggregate gross asset value of over $200 million. Responsibilities also including oversight of three third-party management companies. MFX Realty Advisors, Inc., Chicago, IL 2008 – 2010 Managing Director Founded consulting firm to provide third-party asset management, consulting, and compliance services to institutional investors, developers, and managers of affordable multi-family housing. Centerline Capital Group, New York, NY Formerly known as Related Capital and CharterMac Capital 1999 – 2008 Director, Affordable Asset Management • Directed asset management for tax credit equity and bond financed portfolios that consisted of 1,300 properties located in 48 states, Puerto Rico, and the District of Columbia. • Supervised 40 employees including four Regional Senior Vice Presidents • Negotiated workout terms on a revolving portfolio of five to 10 LIHTC properties • Directed inspection group for Fannie/Freddie loan portfolio (1,500 properties) • Member of task force that closed sale of $3 Billion bond portfolio • Negotiated largest single workout (18 properties) in company history • Supervised tax-exempt bond portfolio management group • Supervised group which managed partner compliance with equity documents and releases of partner equity payments in LIHTC equity portfolio • Directed the preparation of the quarterly investor watchlist Asset Management Group 2003 – 2007 SVP/Associate Director Responsible for the hiring of new staff and reorganizing group to accommodate growth of 150 to 200 new properties annually Reviewed and approved all debt refinances and management changes for equity properties Participated in investor and selected board of directors meetings Headed task force to revise internal asset risk rating protocol Headed the Senior Management Committee
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