City Real Estate Advisors, Inc. (CREA) announced that Richard Shea has joined the organization as senior vice president of acquisitions. Shea has been active in affordable housing finance since 1990.

Shea will be responsible for identifying, structuring and closing affordable housing equity opportunities throughout the California. He will be based in CREA’s San Diego office, and will report to Charles Anderson, executive vice president of acquisitions.

Anderson said, “We are very excited to welcome Richard to the CREA family and look forward to expanding our presence in California. Richard brings more than 25 years of industry knowledge and experience to the table and his character is representative of the culture that has molded CREA’s reputation and success.”

Shea said, “I could not be more pleased to be joining CREA. Jeff Whiting, Charles Anderson, Tony Bertoldi and the rest of the CREA team bring a sophisticated and practical, yet personal approach to the business and their clients and that is a great match for me. I am looking forward to helping California affordable housing developers enhance their business through the benefit of having CREA as their investment partner.”

Shea received an MBA in Finance and a Bachelor’s degree in Business Administration / Finance from San Diego State University.

Formed in 2001, City Real Estate Advisors (CREA) is a full-service tax credit syndicator specializing in Low Income Housing Tax Credits, which provide equity for affordable housing throughout the United States. Since inception, CREA has raised over $2.7 billion in investor equity.  A wholly-owned subsidiary of City Financial Corporation, CREA is headquartered in downtown Indianapolis, IN, and has offices in Boston, MA, Austin, TX,  Portland, OR, St. Petersburg. FL, and San Diego, CA.  More information can be found online at CityRealEstateAdvisors.com.

City Financial Corporation (CFC) began in 1924 as a privately-held, diversified investment bank. CFC has a strong tradition of providing the highest level of service, expertise and commitment to its clients. CREA carries on this 90-year tradition by providing innovative investment solutions for its LIHTC clients.