R4 Capital recently announced the appointment of NH&RA Past Chair and Current Board of Director member, Ronne Thielen as Director of Public Policy and Advocacy. In her new role, Thielen will enable R4 Capital to be a direct participant in the evolution of state and federal affordable housing policy. Ms. Thielen is uniquely qualified to contribute to this discussion, with a 42-year real estate finance and investment career as an affordable housing advocate and industry leader who helped establish the LIHTC program in 1986. Since opening R4’s California office in 2012, she has acquired housing tax-credit properties with total development costs exceeding $1.55 billion. In her new role, Ms. Thielen will promote and encourage affordable housing initiatives to expand availability and inventory where it is needed most.
R4 Capital also announced that Cory Bannister has rejoined the firm to assume Ms. Thielen’s role as Director of LIHTC Acquisitions for the Western Region. Mr. Bannister’s decade-long career in affordable housing has toggled between syndicator and developer. He rejoins R4 to lead LIHTC acquisitions in the Western Region (Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Wyoming). Prior to joining the R4, Mr. Bannister began his career at Prudential Mortgage Capital structuring loans to affordable housing developments and worked for two prominent West Coast affordable housing developers where he developed over 890 units of affordable housing with total development costs exceeding $200 million. He received a BA in Urban Studies and an MS in Civil and Environmental Engineering, both from Stanford University. Cory will be based in the Newport Beach, CA office.