http://newmarketinvestors.com/MichaelAlexander.html
New Market Investors LLC
Michael P. Alexander – Managing Member
Michael P. Alexander is a real estate professional specializing in multifamily affordable and market rate housing. He owns and operates a national investment firm, New Market Investors LLC (NMI), which specializes in acquisition, renovation, new construction and property management in the apartment industry. His 36 years in real estate has encompassed an array of transactions, including conventional and tax exempt financings, market rate and affordable property acquisitions, new construction and renovation of garden and high rise apartment buildings, investment banking and equity fund raising in multiple direct and fund structures, property sales and property management
In 2017, Mr. Alexander founded NMI Community Developments Corporation (NMI CDC), a non-profit community development company chartered under IRC 501c3. NMI CDC is actively involved in a variety of positive initiatives focused on affordable housing, homeless services and community enhancement.
In 2002, Mr. Alexander began and remains the sole owner of NMI, which currently owns and manages 21 apartment communities comprising nearly 2,500 apartments located in 6 States and the District of Columbia. NMI’s subsidiary property management company, started in 2005, employs nearly 100 staff and is managed centrally out of NMI’s headquarters in Tysons Corner, VA. NMI is committed to low debt, long term hold and value-add strategies as it continues to grow its $200 million portfolio.
New Market InvestorsFrom 1992 to 2001, Mr. Alexander was the President of AIMCO Equity Services, Inc, and Senior Vice President of AIMCO, the nation’s largest apartment owner at the time. His duties included supervising the AIMCO Equity Services, Inc. organization, encompassing the origination, underwriting and asset management of a variety of debt and equity investments in real estate developments. Mr. Alexander was the President of AIMCO Real Estate Securities, Inc., a subsidiary of AIMCO, which was a NASD broker dealer used in raising capital for apartment acquisition and development.
Mr. Alexander’s career at an AIMCO affiliate, NHP, started in 1985 as an associate in the Finance Group. He was responsible for the development and placement of debt and equity in a wide variety of apartment developments including acquisition, construction and rehabilitation of garden, mid and high-rise communities.
During his tenure with AIMCO, Mr. Alexander was responsible for the acquisition and rehabilitation of over 5,000 apartment units. Additionally, he was responsible for the placement and management of more than $600 million of debt and equity for various conventional and affordable housing developments. Mr. Alexander designed and implemented AIMCO’s underwriting and asset management programs for its low-income housing tax credit division, which was responsible for more than 8,600 apartments. Mr. Alexander’s career began in 1982 as a tax accountant at the international accounting and consulting firm of Arthur Andersen & Co. and progressed to Senior Tax Accountant before taking a position at NHP in 1985. He took a position in 1988 at the investment banking firm of Eden Hannon & Co. where he was responsible for private placement of strategic debt and equity investments in the multi-family industry. He returned to NHP in 1989 to begin its distressed properties acquisition group, leading an acquisition effort which acquired 24 properties from distressed savings and loans and the Resolution Trust Corporation.
Mr. Alexander remains involved in the real estate industry and is a past member of the board of directors for The National Housing and Rehabilitation Association. He is a former Steering Committee Member of The Tax Credit Committee of the National Association of Home Builders and Member of the National Housing Conference. He participated in the New Markets Tax Credit Coalition, an association of industry professionals. Mr. Alexander has been a frequent speaker and panelist at real estate conferences and seminars. He also served as a member of the Investment Committee for a $100 million series of affordable housing investment funds sponsored by First Partners, Inc., a Boston based equity syndication firm.