John Parreco Joins Forward Housing as Director of Acquisitions

— Industry veteran to oversee the acquisition of affordable housing assets —

NEW YORK--(BUSINESS WIRE)--Forward Housing, a national real estate development firm, welcomes John Parreco as Senior Vice President, Director of Acquisitions to its growing team. Mr. Parreco will manage the acquisition of affordable housing properties nationwide.

Mr. Parreco brings fifteen years of experience serving in the affordable housing industry, including nearly a decade as lead point of contact for all new acquisitions to his new role. Prior to joining Forward Housing, Mr. Parreco oversaw more than 75 acquisitions in 21 states and Washington DC, totaling over 6,500 units with a combined acquisition price in excess of $500 million during his tenure at a large, Maryland-based non-profit developer. In addition to acquisitions, John supervised underwriting and due diligence reviews to secure equity and debt financing, and navigated any necessary HUD and/or regulatory approvals from federal, state and local jurisdictions.

Notes Alex Magliozzi, President of Forward Housing, “I am excited to welcome John to our team. He brings a wealth of experience in a wide range of transactions to ensure that Forward Housing continues to add top-quality properties to our portfolio in the coming years. John has an excellent and well-deserved reputation in the affordable housing industry for sourcing and closing on every type of affordable housing, throughout the United States."

About

Forward Housing is a real estate development firm that specializes in the acquisition and rehabilitation of affordable housing throughout the United States. Forward Housing is an affiliate of R4 Capital LLC, a national affordable housing investment firm founded in 2011, which manages more than $6.5 billion of affordable multifamily equity and debt investments.