As POAH’s Vice President of Asset Management, Kevin Baptista manages recapitalization of POAH assets, oversees rent comparability studies across the portfolio, develops real estate tax strategies, and serves as an internal expert on HUD guidelines and policy.
Kevin was Director of New Business Development at POAH Communities before transferring to POAH in October, 2015. Previous to that, he was Asset Manager for MB Management where he implemented property refinancing and partnership restructuring initiatives that enabled properties to provide affordable housing while enhancing the owners’ return on their investments.
He was the lead underwriter for MB for new mortgage originations of more than $156m in 24 developments in six states including FHA-insured, state-agency bond financed, Fannie Mae, Freddie Mac and other private capital sources. He coordinated the sale of 20 properties in the MB portfolio that generated sale proceeds of $200m, consulted to other owners, managers, and housing providers and assisted in new business development.
At MassHousing’s Preservation Department, he developed strategies to facilitate the transfer of ownership and recapitalize properties in the MassHousing portfolio using various resources including low-income housing tax credits, federal and state loan funds, and taxable and tax-exempt bond financing. This included the largest disposition of assets in the MassHousing portfolio that resulted in the recapitalization of two properties comprising 938 rental units using tax credit allocations that exceeded $2m annually. The equity raised through the syndication of these tax credits, along with other debt financing resources, facilitated the successful transfer and rehabilitation of these properties.
Baptista is a licensed Massachusetts Real Estate Broker and received several industry awards. He has designations from the MIT Center for Real Estate and the Institute for Real Estate Management.