Riverside Capital, a full-service investment company offering tax credit syndication services to the nation’s leading affordable housing developers, announced today that three new executives have joined its team, as the company continues to scale up its capacity to serve a growing roster of developers and investors.
“With our network of strong investor relationships and focus on long-term value creation, Riverside is experiencing robust growth,” said Riverside’s President Sebastian Corradino. “Our new team members will ensure we maintain the highest level of service to our investors and to developers seeking capital solutions to create innovative, high-quality affordable housing.”
Drew Ries has been named to the dual role of Chief Financial Officer and Chief Operating Officer. He will be based in Riverside’s Marlton headquarters, and will have primary oversight of Riverside’s financial operations as well as Riverside’s operating platform, including reporting and personnel. Ries joins Riverside with more than 20 years of global transactional and operational experience. Most recently, Ries served as CFO of Pareto Captive Services and prior to that as Chief Operating Officer and Chief Financial Officer of Citrine Capital Management, where helped launch a global hedge fund and managed the daily operations of the firm, including all fund and management company financial reporting, budgeting, compliance, and technology. His experience also includes senior positions at financial service firms, banks, and investment companies. He holds an MBA in International Management from The Thunderbird School of Global Management and a Bachelor’s degree in Government from Cornell University.
Joshua Levy has been named Senior Vice President, Investor Relations. In this role, Levy will provide national oversight and strategic direction to Riverside’s Investor Relations team. Levy comes to Riverside from Candlebrook Properties, LLC, where, as managing director, he oversaw all acquisitions and development activities, as well as asset and portfolio management. Previous to that, Levy served as Senior Vice President of Roizman & Companies. There he created and implemented the company’s acquisition and development strategy; identified new development and rehabilitation projects, and created capital structures and identified debt and equity providers for each project. His experience also includes five years at Centerline Capital Group as Director of Special Servicing. Levy holds a J.D. from Fordham University’s School of Law and a B.A., in Political Science from the University of Wisconsin. He will be based in Riverside’s Marlton office.
Matthew Haas has joined the firm as Vice President, Investor Relations. Based in Los Angeles, Haas will oversee investor relationships, largely focusing on the west. Matthew comes to Riverside from Merritt Community Capital Corporation, where he served as director of Investor Relations and Fund Management for the past eight years, raising almost $500 million in equity for affordable housing funds. Prior to that, Matthew was Deputy Director of California Lending for the Low Income Investment Fund. His experience also includes senior positions at Fannie Mae, Bank of America, the National Equity Fund, and the Illinois Housing Development Authority. Matthew holds an M.S. Degree in Urban Planning from Columbia University and a Bachelor’s Degree in Architecture from the University of California, Berkeley.
“We are very pleased to welcome these three new executives, who bring not only proven track records to their roles at Riverside, but who also share our team’s deep commitment to expanding affordable housing opportunities for families and seniors with modest incomes,” said Corradino.
Riverside Capital, a joint venture of Berkadia and The Michaels Organization, is a full-service tax credit investment company offering capital solutions to developers of high quality affordable housing. National in scope and serving both for-profit and nonprofit developers, Riverside had guided the financing and syndication for more than 7500 affordable apartment homes across the country, representing $900 million of equity capital.