IRVINE, Calif., Aug. 5, 2015 (GLOBE NEWSWIRE) -- WNC, a national investor in real estate and community development initiatives, announced today that it has promoted Michael Simmerman to project manager, and welcomes Kamisha McCargo and Jessica Cometa to the company as project manager and originator, respectively.
"Michael, Kamisha and Jessica are experienced affordable housing professionals and I am happy to announce their new roles here at WNC," said Will Cooper Jr., president and chief executive officer of WNC. "Our company reached a milestone last month with our cumulative portfolio value surpassing the $7 billion benchmark. We look forward to continuing this growth and our efforts to preserve and expand the available affordable housing supply nationwide."
Simmerman, who joined WNC in 2010, previously served as a regional asset manager with the oversight of nearly 230 assets spanning the central U.S. Prior to joining WNC, he was a director of property management with an urban development and historic preservation company. Simmerman earned a bachelor's degree from the University of Wisconsin and the Housing Credit Certified Professional designation from the National Association of Home Builders.
McCargo previously served as vice president of acquisitions with a national finance and investment firm, assisting in equity investments on affordable housing communities throughout the nation. She earned a bachelor's degree from California State University Dominguez Hills and a master's degree from California State University, Long Beach.
As an originator with WNC, Cometa will be responsible for assets in the Western U.S. She joins the company from a community development financing firm, where she was an assistant relationship manager. Cometa earned a bachelor's degree from California Polytechnic State University, San Luis Obispo. She is a current board member of the Building Industry Associations' Young Generation of Leaders.
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.
About WNC
WNC, founded in 1971 and headquartered in Irvine, Calif., is a national investor in real estate and community development initiatives. 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.