Regions Affordable Housing, a division of Regions Bank, announced Rachel Thomas-Phillips has been appointed to serve as senior vice president and relationship manager in its originations group. Thomas-Phillips is based in Regions’ downtown Austin office and will focus on sourcing and originating affordable housing transactions throughout Texas, Arkansas, Oklahoma, Louisiana and Mississippi. Thomas-Phillips brings over 20 years of finance and affordable housing experience to the team. Most recently, she spent eight years with CREA, LLC as senior vice president of acquisitions. There, she originated 13 new developer relationships through targeted marketing efforts and evaluated, structured and closed affordable housing investments throughout the U.S. with a focus on Texas and surrounding states. Her previous roles include serving as director of finance at Samaritan Center for Counseling and Pastoral Care, where she also served as president of the nonprofit’s board of directors post-employment. She was also finance operations manager at Verizon Wireless and was a supervising audit senior at KPMG, LLP, where she specialized in affordable housing, revenue recognition, software capitalization, stock compensation, nonprofit entities/single audit and SEC reporting compliance. “We are thrilled to have someone with Rachel’s caliber, experience and passion for living Regions’ mission of making life better for the people we serve,” said David Payne, co-head of originations for Regions Affordable Housing. “This makes Rachel a natural fit for this important role. We are pleased to add her energy, insights and commitment to the affordable housing team.” Regions Affordable Housing LLC is a national low-income housing tax credit (LIHTC) investor, syndication firm and leader in affordable housing. Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC program, providing comprehensive real estate banking and capital markets services to meet the debt and equity capital needs of developers and investors. Regions Bank is also a Fannie Mae DUS Multifamily Affordable Lender and HUD/FHA Affordable Lender.
NAI Partners’ investment fund platform has hired Kelli Walter as senior vice president of asset management in their Houston office. Walter will be responsible for overseeing the overall NAI investment fund portfolio and coordinating the execution of NAI’s business plan for each asset in order to maximize investor value. “We are thrilled to add a talent of Kelli’s caliber to the NAI Investment Fund team as we aggressively scale our platform and overall real estate portfolio,” said Andrew Pappas, partner at NAI Partners and head of the NAI investment fund. “Kelli will play a major role in our ongoing growth and the execution of our investment strategy as we continue to generate value for our investors.” Walter joins NAI Partners from Voss Capital, where she served concurrently as chief financial officer and chief operating officer. While at Voss, Walter oversaw fund operations, treasury, investor relations and compliance, and led many transformational efforts to institutionalize Voss. Walter also brings to NAI many years of experience in corporate finance from her tenure at multiple publicly traded oil and gas firms. Walter has a master of science degree in finance from Texas A&M – Mays Business School, and a bachelor of business administration in accounting from Texas A&M. She is also a Texas-registered Certified Public Accountant.
NAI Partners recently arranged a 1,540-square-foot retail lease for Arcpoint Labs of Spring at 2520 Research Forest Drive in Spring, Texas. NAI Partners’ Laura Diggs represented the tenant in the transaction. ARCpoint Labs of Spring, is a source for professional lab testing and diagnostics. With state-of-the-art facilities and a team of experienced lab technicians, ARCpoint Labs of Spring delivers accurate, reliable, confidential results.
A second corporate center is coming to Craig Ranch in McKinney. VanTrust Real Estate LLC, a commercial real estate development company, has begun work on a second Class A speculative office building in McKinney called McKinney Corporate Center II. The office building will be four stories and 115,000 square feet and will be adjacent to the existing McKinney Corporate Center I, according to a VanTrust news release. “McKinney Corporate Center II offers access to Dallas-Fort Worth’s premier labor force and sought-after central U.S. location,” said Bill Baumgardner, executive vice president at VanTrust and head of the company’s Texas office. “Beyond its regional location and available workforce, the building has direct connectivity to three major highway systems, SH-121, US-75 and Dallas North Tollway, and is located within one of the premier master-planned, mixed-use communities in North Texas.” Click to read more at www.communityimpact.com.
Overhead Door Corporation leased 18,285 square feet at Wallisville Industrial Park at 9135 Wallisville Road in Houston. Jim Autenreith and Sam Rayburn of Moody Rambin represented the owner during negotiations. Click to read more at www.rejournals.com.
ROUND ROCK, Texas, July 27, 2020 /PRNewswire/ — Late last year, Don Quick & Associates, Inc. – the largest commercial real estate company in Williamson County – launched a philanthropic campaign to serve 50 charitable organizations in celebration of their 50 year anniversary in 2020. Although the original vision of carrying out these charitable services has been dramatically altered due to the uncertainty created by the COVID-19 outbreak, it also presents opportunities for the company to focus efforts on assisting those affected most by the pandemic. Don Quick & Associates, Inc. is now more than ever determined to achieve their goal of giving back to the community. “We believe the best way to celebrate 50 years in Central Texas is by giving back to the people who empower our community every day. These charitable organizations are the heart and soul of this area, and we want to show our appreciation,” says Darren Quick, President of Don Quick & Associates, Inc. As we transition into the second half of 2020, the company has just announced that they have surpassed the halfway mark of their campaign, having volunteered with a wide variety of local organizations. A few of the most notable efforts include a $10,000 donation to RRISD, multiple environmental cleanup projects including participating in Austin Parks Foundation’s It’s My Park Day, and the formation of a scholarship fund which awarded its first 4 scholarships to local graduating high school seniors this past April. Click to read more at www.prnewswire.com.