BOSTON– Boston-based Preservation of Affordable Housing has named Randy Parker as its new Managing Director, Chief Financial Officer, succeeding Laura Vennard who will be retiring Feb. 3. Parker will serve as POAH’s senior finance leader and principal financial strategist. He will be working closely with the senior team and POAH’s board to develop and implement financial policies and helps to establish the strategic direction of the organization which owns more than 9,000 affordable rental apartments in nine states and the District of Columbia.
Parker will be responsible for coordinating budgets and monitoring the execution of the budget in relation to organization performance and will maintain POAH’s lender, banking, investor, and foundation relationships.
As managing director, he will work closely with POAH’s development, acquisitions, asset management, property management, and community impact functions to assure that financial risks are considered and appropriately addressed. He will also oversee POAH’s human resources function, including compensation, benefits, benchmarking and negotiation of company benefits.
Parker has more than 30 years of experience in the private real estate sector and has held senior positions at Beacon Capital Partners, TA Associates Realty and the non-profit Housing Partnership Network. He has experience in related functions from on-the-ground architectural and development work to real estate investment to asset and portfolio management.
“Randy will be a great resource to POAH not only for his skills and experience, but because of his strong belief in collaboration and teamwork,” said POAH President/CEO Aaron Gornstein. “As we begin execution of our five year strategic plan, Randy’s expertise will help us continue to add to the nation’s affordable housing inventory and provide high quality services to the 15,000 residents who live in our communities.”
POAH also welcomed a new board member, Printice Gary, the founding partner and CEO of Carleton Residential Properties, a real estate company engaged in investing, developing, general contracting, and asset management throughout the Southwest.
Since 1991 Carleton has completed more than 20,000 units with the Carleton Partners and co-investors as principals, as well as for third party accounts. Under his leadership, the organization has grown to over $100 million in annual revenues and has distinguished itself as a quality market rate housing developer as well as a major producer of affordable housing.
Gary's other business experience includes investment banking at Piper Jaffray & Hopwood; mortgage banking and homebuilding at Centex Corporation where he was a Division President producing more than 14,000 units of single family housing during his eight year tour; and multi-family development as a Partner with Trammell Crow Residential.
He served on city and state housing task forces, boards, and commissions and was a board member of the Dallas Real Estate Council He serves as a board member of the National Equity Fund, Inc., a major tax credit syndication and asset management company based in Chicago.
Printice Gary is a graduate of Carleton College with an A.B. in Economics and served as a Trustee of the College. He also holds an MBA from The Graduate School of Business Administration at Harvard University.