Leadership

Ken Reiner | Owner / Managing Member

Mr. Reiner, as General Partner, has preserved more than 4,100 affordable apartment units. These properties, with a total development cost of over $600 million, were primarily financed with tax-exempt bonds and low-income housing tax credits.

Mr. Reiner also structured and implemented the first national commercial mortgage-backed securities program facilitating the recapitalization of HUD 236 & 221(d) (3) multifamily mortgages. The structure provided for the rehabilitation and conversion of older government assisted multifamily properties to conventionally financed projects without displacement of the existing low-income tenants. The program provided for the recapitalization of in excess of 3,000 units nationwide.

Prior to his involvement in affordable housing, Mr. Reiner developed residential subdivisions, multifamily, office and industrial buildings and neighborhood retail centers in California. He received a real estate finance degree from San Diego State University and he is a licensed real estate broker in the State of California.

 

Sean Burrowes | Investment Director

Sean Burrowes joined Reiner Communities in 2007.  Since then, he has successfully recapitalized over 1000 units of HUD subsidized senior and family housing in California, creating solutions to the complex financial and regulatory issues that often accompany existing affordable housing properties.  His current responsibilities include, procuring and closing debt and equity capital for affordable housing transactions, securing all necessary regulatory approvals for new developments from HUD, state tax credit agencies, bond allocation agencies and local municipalities, project management of new acquisitions from Initial Letter of Intent to Close of Escrow.

In the last 6 years, Sean has coordinated the acquisition, financing and development of 11 multifamily preservation projects totaling more than $200 million in new capital, utilizing a wide variety of affordable housing finance resources, including multiple vintages of HUD 202, 236 and 221d4 loan programs, Tax Exempt Bonds, Federal Low Income Housing Tax Credits, California Housing Finance Agency loans, HUD Section 8 contract restructuring and renewal, the USDA 515 loan program, Project Based Section 8 Vouchers, HOME loans, municipal ground leases and HUD Flexible Subsidy programs.

He attended Seattle University where he received a degree in Finance.

 

Jordan Freedman | Project Director

Jordan Freedman has been with Reiner Communities since 2003 and has been involved in the affordable housing industry since 1995.  In his role as Project Director, Jordan manages all aspects of the pre-development and construction process from selecting the General Contractor & design team through renovation completion and close-out.  Jordan remains involved in every aspect of project design and is responsible for approving all building, landscaping and interior design plans and specifications. Additionally, he manages both the development budget and draw process, which ranges from the review and approval of all Pay Applications, change orders and construction punch lists, to coordinating and overseeing each draw meeting. Jordan maintains a strict oversight schedule throughout the renovation process and beyond.

Renovation projects often require the temporary relocation of existing tenants. Jordan makes certain that this is carried out with sensitivity, and sees to it that all tenants are returned to their newly renovated apartments quickly and with minimal disruption to their daily lives.

During his time with Reiner Communities, Jordan has successfully managed the on-time and on-budget delivery of more than 2000 renovated units, preserved as affordable housing in California.

Jordan received his Bachelor of Science from Syracuse University.