Key Takeaways
- • Preservation Equity Fund Advisors appointed David "Mac" McWhorter, a managing director at Institutional Real Estate Inc., to its advisory board to strengthen institutional capital formation efforts in the affordable housing sector.
- • McWhorter brings over 30 years of institutional real estate experience and a documented track record of raising more than $12 billion for major real estate investment firms including AEW Capital, Nuveen Real Estate/Henderson Global, Heitman, and Carmel Partners.
- • The appointment supports PEF Advisors' strategic initiative to broaden its institutional investor base and expand its investment strategy focused on acquiring and preserving affordable housing in high-cost U.S. markets.
- • McWhorter currently leads the Institute for Real Estate Operating Companies (iREOC) and IREI Advisory Partners at Institutional Real Estate Inc., roles he has held since 2016, positioning him to advise on investor relations and platform development.
Summary
Preservation Equity Fund Advisors has added institutional real estate veteran David "Mac" McWhorter to its advisory board, signaling the affordable housing investment manager's effort to deepen its relationships with institutional capital sources. McWhorter, a managing director at Institutional Real Estate Inc., brings extensive experience in capital formation and investor relations to support PEF Advisors' expansion within the institutional investor ecosystem.
Throughout his career spanning more than three decades, McWhorter has led capital formation efforts for prominent real estate investment management firms. He raised over $12 billion across tenures at AEW Capital, Nuveen Real Estate/Henderson Global, Heitman, and Carmel Partners. At his current position with Institutional Real Estate Inc., which he joined in 2016, McWhorter leads the Institute for Real Estate Operating Companies and IREI Advisory Partners, making him a central figure in the institutional real estate investment community.
PEF Advisors President and Chief Investment Officer Ann Caruana, who has worked with McWhorter for over 20 years in the institutional real estate sector, emphasized his strategic value to the firm. "Mac brings an exceptional depth of experience across capital formation, investor relations and the broader institutional real estate landscape," Caruana said. McWhorter's appointment directly addresses PEF Advisors' objective to strengthen its institutional platform while pursuing its core investment strategy of acquiring and preserving affordable housing assets in high-cost U.S. markets. His expertise in navigating investor relationships and growth challenges positions him to provide counsel as the firm expands its institutional presence.
Throughout his career spanning more than three decades, McWhorter has led capital formation efforts for prominent real estate investment management firms. He raised over $12 billion across tenures at AEW Capital, Nuveen Real Estate/Henderson Global, Heitman, and Carmel Partners. At his current position with Institutional Real Estate Inc., which he joined in 2016, McWhorter leads the Institute for Real Estate Operating Companies and IREI Advisory Partners, making him a central figure in the institutional real estate investment community.
PEF Advisors President and Chief Investment Officer Ann Caruana, who has worked with McWhorter for over 20 years in the institutional real estate sector, emphasized his strategic value to the firm. "Mac brings an exceptional depth of experience across capital formation, investor relations and the broader institutional real estate landscape," Caruana said. McWhorter's appointment directly addresses PEF Advisors' objective to strengthen its institutional platform while pursuing its core investment strategy of acquiring and preserving affordable housing assets in high-cost U.S. markets. His expertise in navigating investor relationships and growth challenges positions him to provide counsel as the firm expands its institutional presence.
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