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Ken Reiner | Owner / Managing Member
Mr. Reiner, as General Partner, has preserved more than 4,100 affordable apartment units. These properties, with a total development cost of over $600 million, were primarily financed with tax-exempt bonds and low-income housing tax credits.
Mr. Reiner also structured and implemented the first national commercial mortgage-backed securities program facilitating the recapitalization of HUD 236 & 221(d) (3) multifamily mortgages. The structure provided for the rehabilitation and conversion of older government assisted multifamily properties to conventionally financed projects without displacement of the existing low-income tenants. The program provided for the recapitalization of in excess of 3,000 units nationwide.
Prior to his involvement in affordable housing, Mr. Reiner developed residential subdivisions, multifamily, office and industrial buildings and neighborhood retail centers in California. He received a real estate finance degree from San Diego State University and he is a licensed real estate broker in the State of California. |
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David Saltonstall | Controller
David Saltonstall joined Reiner Communities in 2019 bringing with him a 20+ year career in hospitality Accounting and Operations, including resorts, clubs, community development and membership organizations with companies such as Coopers & Lybrand, Ritz-Carlton, Westin, Del Webb and PADI. While new to affordable housing, David’s experience in property openings, existing building and community renovations and system conversions lends itself well to the different regulatory requirements and multi-faceted components of affordable housing.
David attended Arizona State University where he received a degree in Accounting after which he acquired his CPA. |
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