NHPF remains very concerned regarding the overall health and well-being of our 25,000 residents during the Covid-19 crisis. We have been actively working with our third-party management companies in taking steps such as increased cleaning of common areas, limiting resident contact except for emergency situations and, through our resident services program subsidiary Operation Pathways, providing resources for financial assistance, food, medicine, transportation, and needed supplies. In addition, we have placed a moratorium on all evictions for non-payment of rent for the duration of this crisis and are actively engaging our residents who have been financially impacted to discuss payment plans. We fully appreciate the social and emotional tolls the length of this crisis have taken on our residents and we will follow all local and state government directives regarding the reopening of our sites and community centers. The safety and well-being of our residents remains our highest priority.

IAN SOBEL

Vice President, Asset Management

Ian Sobel, Vice President, Asset Management joined The NHP Foundation in 2016 and has more than ten years of property and asset management experience in multi-family housing. He is a detail and results driven manager with a track record of strategic operational analysis and implementation, leading to improvements in bottom line performance and market position of his portfolio.

He currently oversees 3,500 units in NHPF’s stabilized and development portfolio, constituting $350 million in AUM. His duties also extend to acquisition/disposition support, fund asset management, construction and development oversight, and LIHTC / bond transaction implementation.

Prior to joining NHPF, Mr. Sobel spent six years as the Director of Asset Management at Esponda Associates. During that period he directed the property operations team and delivered a 50% increase in net operating income across the $100 million portfolio. He also oversaw more than $8 million in capital projects and assisted in the underwriting of $20 million in acquisitions and long term investment leases.

Mr. Sobel received his BA from Northwestern University.