Orange County-based team’s sole focus Is national affordable housing sector
IRVINE, CA – March 22, 2017 – In its pursuit to continue expanding its platform, Colliers International has lured one of the top affordable housing teams to its brokerage ranks in Orange County. Senior Vice President John L. Nguyen, a leader in the highly specialized niche, and his team, bring nearly three decades of collective industry experience to Colliers.
“As we set our goals and objectives for 2017, it was part of our corporate strategy to expand our presence in the affordable housing sector,” said Colliers Regional Managing Director Robert Caudill, who oversees brokerage operations for the firm in Orange County. “The opportunity to recruit this highly specialized team could not have come at a better time for us, especially since the team is well known and extremely talented in this market and will undoubtedly play a key role in our national multi-family platform.”
Nguyen and Elsanhuty have reputations as early leaders in this highly specialized sector and have built a dedicated team whose technical knowledge in all aspects of affordable housing is “unparalleled,” Caudill noted. The team’s industry expertise and in-depth understanding of the many nuances that come with working alongside the government are just a few of the forces that will propel the Collier’s team.
“Affordable housing has been, and will continue to be, our sole focus,” Nguyen said. “The support that we have received from Colliers is tremendous. They have provided us with every tool necessary to bring our business to the next level and successfully compete against other industry leaders. We are very excited about our move to Colliers and are already feeling the positive effects on our business.”
Combined, the team has more than 25 years of experience in affordable housing, having transacted over more than projects across the country. Team members specialize in Section 8, state agency, 202 projects, and value-add affordable projects nationally. Collectively, the team has transacted over $750 million in affordable transactions during their time in the business.
“This move is not only in the best interests of our team, but also in the best interests of our clients,” Nguyen said. “With the comprehensive Colliers platform, we will be better positioned to provide full, state-of-the-art services, setting us apart from our competitors.”
Vice President Elsanhuty believes that the team is providing a service to communities by finding investors interested in renovating, preserving and expanding affordable multifamily units in parts of the country where there are severe shortages of affordable housing.
In addition, the team is expanding relationships with owners, developers, and managers of non-profit organizations in the affordable housing market. They also are providing clients with proprietary market intelligence and information, therefore allowing them to make more informed decisions.
“It’s not only a job – it’s a calling,” Elsanhuty said. “Of course, we’re dedicated above all to our clients, but we are also fulfilling the needs of our cities and states, as well as our neighbors. When a non-profit client, like a faith-based organization, calls on us to help them either consult, sell or buy an affordable housing development, our team is committed to exceeding expectations in a business and in a moral and ethical, sense, as well.”
About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.
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