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| Anand Kannan |
IRVINE,
CA, Jan. 8, 2014 – WNC, a national
investor in real estate and community development initiatives, announced today
that it has promoted Anand Kannan to president of its subsidiary,
Community Preservation Partners LLC (CPP).
“Anand
has been instrumental in leading the growth of Community Preservation Partners
during his three years with our company,” said Will Cooper Jr.,
president and chief executive officer of WNC.
“He
has proven to be a strong and effective leader who has played an essential role
in the expansion of CPP’s ownership and development portfolio, which now totals
55 properties in four states representing 2,850 units.”
Kannan
joined WNC in 2010 as vice president of Community Preservation Partners, which
was founded in 2004 to address the growing need to preserve the aging
affordable rental housing stock across the country.
Kannan has more than 12
years of direct experience in the development and preservation of affordable
housing.
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| Will Cooper Jr. |
“Community
Preservation Partners has achieved tremendous success in the effort to preserve
at-risk properties throughout a nation that continues to suffer from a
significant lack of quality affordable housing,” said Kannan.
“The
key to our success has been the development of strong partnerships with
established for-profit and non-profit partners, and I look forward to continued
success with them and others as we aggressively expand our preservation
efforts.”
For
a complete copy of the company’s news release, please contact:
Jill
Swartz
Spotlight
Marketing Communications
949.427.5172,
ext. 701 – direct
949.485.1552
– mobile
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