IRVINE, Calif., Sept. 13, 2017 /PRNewswire/ — WNC, a national investor in real estate and community development initiatives, announced today it has promoted Anil Advani to executive vice president of originations and finance.
In his new role, Advani will lead WNC’s growing originations team and oversee the development of the firm’s strategic relationships with key lenders. He joined WNC in 2011 and most recently has been responsible for oversight of the firm’s proprietary funds, investor due diligence and originations/syndication team.
“Anil is a respected leader with 20 years of experience in the low-income housing tax credit industry, and I couldn’t be more pleased to announce his new role with WNC as we look to continue the growth and diversification of our firm,” said WNC President and CEO Will Cooper Jr.
Prior to joining WNC, Advani served as managing director with Red Capital Group, working in the company’s tax syndication group. He was responsible for originating and underwriting tax credit investments for placement into corporate tax credit funds. Advani also served as manager of tax credit investment advisory services of Ernst & Young, performing due diligence on tax credit funds. He began his career in 1996 with the Reznick Group.
Advani holds a bachelor’s degree from the University of Texas, Austin, and a juris doctorate from American University.
WNC, founded in 1971 and headquartered in Irvine, Calif., is a national investor in real estate and community development initiatives, as well as a leading investor in low-income housing tax credits (LIHTC). WNC has acquired more than $7 billion of assets totaling in excess of 1,225 properties in 45 states, Washington D.C. and the U.S. Virgin Islands. Since 2000, WNC has been awarded four New Markets Tax Credit (NMTC) allocations, totaling $178 million, and has facilitated development of 17 low-income community projects. WNC’s investor base exceeds 19,500 institutional and retail clients, including Fortune 500 companies, multinational banks, and insurance companies. Additional information is available at www.wncinc.com.
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