CONIFER PROMOTES SAM LEONE TO EXECUTIVE VICE PRESIDENT

Conifer Realty, LLC, announced today that Sam Leone, Senior Vice President of Development, has been promoted to Executive Vice President, with increased responsibilities for further elevating Conifer’s position as an industry leader in affordable housing development.

During Mr. Leone’s nearly 13 years with Conifer, he has played a critical role in the successful expansion of Conifer’s nationally recognized affordable housing portfolio – which today consists of more than 15,341 multi-family units, representing more than 228 Conifer Communities across New York, New Jersey, Pennsylvania and Maryland.

Mr. Leone’s appointment comes at a pivotal time of growth and succession planning for the company, following the recent close of its partnership with Belveron Partners, LLC. Belveron is a privately held investment firm with a proven track record in preserving and expanding affordable and workforce housing across the United States. The new partnership will result in dedicated acquisition capital for Conifer, as well as exciting new co-development opportunities in existing markets and expansion into new markets – all of which will benefit from Mr. Leone’s development leadership expertise as he steps into his new role.

“Sam has proven to be a true team leader and an invaluable contributor to Conifer’s long-term strategic growth, said Joan Hoover, President & CEO of Conifer. “As importantly,” she added, “Sam genuinely cares about the residents and communities we serve, and is firmly committed to working in close collaboration with all key stakeholders to ensure we produce high-quality affordable housing that’s responsive to the evolving needs of our residents and communities, and supports the priorities of state, federal and local partners.”