Preservation Equity Fund Advisors added David “Mac” McWhorter to its Advisory Board, bringing decades of experience in institutional real estate and capital formation to the affordable housing investment manager.
McWhorter currently serves as a Managing Director at Institutional Real Estate and has led the firm’s Institute for Real Estate Operating Companies and IREI Advisory Partners since 2016.
Earlier in his career, he spent more than 30 years raising capital for institutional investors and managing relationships.
McWhorter raised more than $12 billion for real estate investment management firms including AEW Capital, Nuveen Real Estate/Henderson Global, Heitman, and Carmel Partners.
At PEF Advisors, McWhorter will help the firm expand its institutional investment platform and investor relationships.
His experience spans capital formation, investor relations, investment management platforms, and the operational challenges associated with scaling institutional real estate businesses.
He joins existing Advisory Board members Tony Breault, Gena Cheng, Lawrence J. Hass, John Hurley, and Trisha Malone.
PEF Advisors focuses on acquiring and preserving affordable housing in high-cost U.S. markets through private equity capital.
The firm is an affiliate of WNC & Associates.
WNC and its related businesses have more than 55 years of experience and have acquired more than 121,000 affordable housing units representing approximately $22 billion of investments.
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“I look forward to drawing on that experience to provide perspective and counsel to Ann and the PEF team as they continue to grow the firm, broaden their institutional investor base and build on their existing, deep expertise in affordable housing.”
David “Mac” McWhorter, Advisory Board Member at Preservation Equity Fund Advisors
“Mac brings an exceptional depth of experience across capital formation, investor relations and the broader institutional real estate landscape.”
Ann Caruana, President and CIO of Preservation Equity Fund Advisors
