Ellavoz Impact Capital Names Stuart Hean Chief Investment Officer

Veteran impact investing executive joins EIC's senior leadership team

BELMAR, N.J.--(BUSINESS WIRE)--Ellavoz Impact Capital (EIC), a social impact investor, advisor, asset manager, and real estate developer focused on creating and preserving workforce and affordable housing and other community-oriented real estate properties, announced the appointment of Stuart Hean as Chief Investment Officer. Mr. Hean joins EIC's senior management team from Cedar Impact Capital where he served as Managing Director.

Mr. Hean founded Cedar Impact Capital, a Philadelphia-based advisory and investment platform providing strategic counsel to nonprofits, public agencies, investment managers, and development firms at the intersection of impact investing and commercial real estate. Cedar also acted as a General Partner and co-investor in high-impact real estate projects and fund vehicles, including the Philadelphia Homeownership Impact Fund (PHIF) — a partnership with EIC that laid the groundwork for Mr. Hean’s current role.

Before founding Cedar, Mr. Hean served as Vice President of Investments at CEI-Boulos Capital Management, a private equity fund management firm focused on deploying equity capital into attainable housing development projects using the Qualified Opportunity Fund (QOF) structure.

In his new role, Mr. Hean will lead EIC's impact investment strategy, working closely with the firm's investment, asset management, and advisory teams to ensure that community outcomes remain central to EIC's acquisition, development, and portfolio management decisions across its Shared Values Opportunity Funds, Neighborhood Homes Funds and the Elevate Opportunity Fund. He will also work to deepen EIC's relationships with capital partners, development partners, and public agencies as the firm continues to expand its presence nationally.

"I'm honored to join Ellavoz at such an exciting point in the firm's growth," said Stuart Hean, Chief Impact Officer of Ellavoz Impact Capital. "It has been a pleasure to develop a partnership with the firm and a close working relationship with our other principals over the last several years. I’m pleased to mark this formal change in structure at a time when the company’s growth is accelerating, and we are embarking on such a meaningful joint venture with Allivate Impact Capital via the Elevate Opportunity Fund."

"Stuart brings a rare combination of hands-on community development experience and rigorous investment discipline to our team," said Jeffrey Crum, Chief Executive Officer of Ellavoz Impact Capital. "As EIC continues to grow, having a dedicated Chief Investment Officer ensures that our commitment to measurable community outcomes scales right alongside our portfolio. We're thrilled to welcome him to the team."

About Ellavoz Impact Capital

Ellavoz Impact Capital, LLC (EIC) is a social impact investor, advisor, asset manager, and real estate developer focused on creating and preserving workforce and affordable housing and other community-oriented real estate properties. EIC's strategy concentrates investments into price-attainable housing and economic development projects by working with socially aligned operators, local nonprofits, and governmental agencies to deliver positive community outcomes and double bottom-line returns.

With teams in New Jersey, the Washington D.C. Metro region, Florida, and the Carolinas, EIC currently manages and controls real estate assets valued at approximately $400 million. The firm's professionals include certified public accountants, attorneys, and experienced real estate, finance, and economic development practitioners. Collectively, the management team has led transactions with a capitalization value approaching $3 billion.