DENVER, CO--(Marketwired - May 1, 2015) - The Community Development Trust (CDT), the country's first and largest private real estate investment trust (REIT) which provides capital for the preservation of affordable housing, today announced the hiring of a new member to its team: Matt Zarlengo, Vice President - Debt and Equity Investments.
"We are excited to have Matt join the Community Development Trust and add his invaluable experience to our dedicated team," said Joseph F. Reilly, President and CEO of CDT. "Matt is passionate about our mission to preserve and expand the country's supply of affordable housing and his expertise will ensure the continued growth of our western US portfolio and further our national impact."
Based in Denver, Colorado, Matt will be responsible for sourcing both debt and equity investments in affordable housing projects throughout the western United States. Prior to joining CDT, he was Vice President of Commercial Real Estate, Community Lending Division at US Bank, where he originated construction and permanent debt financing for affordable housing clients in Colorado, New Mexico, and Utah. He was also a senior financial analyst for Mercy Housing, Inc., a national leader in the development and preservation of affordable housing.
Matt holds a BS in Finance from Colorado State University and an MS in Real Estate Finance and Construction Management from the Burns School of Real Estate and Construction Management at the University of Denver.
About CDT
The Community Development Trust (CDT) is a national investor in affordable housing. Working with local, regional, and national partners, CDT makes long-term equity investments and originates and acquires long-term mortgages. In its fifteen years, CDT has invested over $1 billion in debt and equity capital to properties in 42 states and regions -- helping to preserve and create over 35,000 units of affordable housing. CDT is a private real estate investment trust (REIT), a certified Community Development Financial Institution (CDFI), an approved Fannie Mae affordable housing lender, and a member of the Federal Home Loan Bank of New York (FHLBNY).