June 29, 2016
Since 1974, DHIC’s portfolio has grown from one property with 32 units to more than 2,200 rental apartments across 37 communities, as well as more than 300 units in the pipeline for development over the next two years. Essential to this success has been the asset management function of our work which falls under the DHIC finance department.
With a growing portfolio, DHIC has increased its capacity to ensure financial viability of its communities and to maintain the quality of its apartment homes. In doing so, DHIC welcomes to its finance team Rodney Brown as the Asset Manager, as well as Nancy Breen as Controller.
Brown’s role as Asset Manager succeeds Len Tatem, a consultant who has worked with DHIC for more than 10 years. We thank Len for his dedication to our mission, and we are happy that he has agreed to continue working with us on special projects.
Brown comes to us with more than 15 years of experience in asset management and will be responsible for the long term viability of properties owned and operated by DHIC and its affiliates. He will also be responsible for providing guidance and support during the negotiation of operating agreements with syndicators and will coordinate efforts with our real estate development staff as it plans for new construction projects and acquisition and rehabilitation opportunities.
Breen joined DHIC’s Finance Department as Controller over the past year. She is responsible for overseeing all work related to the DHIC corporate accounting, the development accounting for all projects in the pre-development and construction phases, and the financials of all subsidiaries and affiliates of DHIC as prepared by our third-party property management companies. Breen is also responsible for the broad review of income statements, balance sheets and cash flow reports for the properties, as well as overseeing the entire insurance program for DHIC and its subsidiaries.
“We are proud to have Rodney and Nancy as part of the DHIC Finance Department,” said Sharon Lorden, CFO and Vice President of Finance and Administration. “We are certain that they will be essential to the continued success and growth of this organization and its portfolio.”