Pioneering affordable housing preservation firm chooses Maitland for its service model and global platform.
Maitland, the leading global advisory and fund administrator, has announced that it has been selected to provide fund administration services for Hudson Valley Property Group, a New York-based real estate development and private equity firm with a mission to acquire and preserve affordable housing throughout the US.
Maitland will act as the outsourced fund administrator for the organization’s real estate fund, Hudson Valley Preservation Fund, LLC. With a focus on sustainable and resource efficient development, forming dynamic partnerships is a key factor for Hudson Valley and its ability to serve 9,000 residents with 3,300 homes.
In seeking a fund administrator, Hudson Valley wanted a partnership that matched its caliber of service and innovation – found in Maitland due to its integrated platform of advanced analytics and powerful investor reporting tools.
Jason Bordainick, Managing Partner & Co-Founder at Hudson Valley Property Group, said: “Maitland’s reputation for providing great service was paramount in our selection of a fund administrator for our inaugural preservation fund. We had the opportunity to meet with their operational team, including our assigned client relationship manager who will be involved every step of the way, to ensure that Maitland delivers a seamless solution for the fund and our investors.”
Frank Ferrara, Senior Client Service Manager (North America) at Maitland, said: “Maitland is delighted to partner with Hudson Valley and to be a part of its mission to build communities through affordable housing initiatives. We are excited to extend our technology to transform its daily operations in managing funds.”