 |
| Anand Kannan |
IRVINE, CA –– WNC, a
national investor in real estate and community development initiatives,
announced that Anand Kannan,
president of its subsidiary, Community Preservation Partners, has been
recognized as an Affordable Housing Finance 2016 Young Leader.
Kannan was recognized at
AHF Live: The Affordable Housing Developers Summit, held in Chicago November 15
– 17. AHF recognized six individuals age 40 and younger as its 2016 Young
Leaders.
“Anand is an integral part
of the WNC team who has demonstrated a remarkable ability to lead and grow the
Community Preservation Partners platform, which now totals more than 4,600
units nationwide,” said Will Cooper,
Jr., president and chief executive officer of WNC. “He is very deserving of
this prestigious award, and we couldn’t be more pleased to announce his
recognition in leadership.”
During his time with
Community Preservation Partners, Kannan has grown the firm’s portfolio from
approximately 1,000 units to more than 4,600 units, with a combined development
cost of approximately $750 million.
Kannan, who has
approximately 15 years of experience in the development and preservation of
affordable housing, joined Community Preservation Partners as vice president in
2010, and was promoted to president in 2014. The firm was founded by WNC in
2004 to address the growing need to preserve the aging affordable rental
housing stock across the country. The company has successfully acquired,
developed and rehabilitated more than 4,000 affordable housing units across the
nation since its founding.
For a complete copy of the company’s news release,
please contact:
Julie Leber
Spotlight Marketing
Communications
949.427.5172, ext. 703
.
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