Owner and Managing Member
Since the late 1980’s, Richard has been involved in all aspects of the acquisition, development, asset management, underwriting, closing, portfolio management, syndication, and investor sales of workforce housing and historic tax credit properties.
In 2004, Richard moved over to the development side of the tax credit multi-family business. He has specialized on the development of apartment complexes within the south-eastern part of the United States. The developments have focused on both the construction of new garden-style apartments and the adaptive reuse of historic buildings into loft apartments.
Richard formed Third Wave Housing in 2006 and has been operating it on a full time basis since 2011 after being the President of the Landmark Group in Winston Salem, NC. Doing business as Third Wave Housing, Richard has pulled together a diverse, talented team of individuals and companies to make the developments happen.
Prior to moving to the development side of the multi-family housing business in 2004, Richard ran Midland Equity Corporation and held various senior officer positions with several real estate investment firms with the specialization on the acquisition and development of multi-family properties.