The Housing Partnership Equity Trust Announces a Transition in Leadership

Washington, DC (October 7, 2016) – (RealEstateRama) — The Housing Partnership Equity Trust (HPET) has announced today a transition in executive leadership. After almost five years as CEO of HPET, Drew Ades is departing in pursuit of new opportunities.

Housing Partnership Network

Among his many contributions, Ades led HPET, a social-purpose real estate investment trust, through its creation and start up. Working with its member owners and investors, Ades has been integral to HPET’s acquisition and preservation of a portfolio containing over 2,750 apartments of affordable and workforce housing.

The HPET Board is pleased to announce that Nancy Rase has agreed to serve as the interim CEO while the organization conducts a national search for a permanent executive. Rase is highly regarded in the industry, having recently retired as CEO of the nonprofit developer and owner, Homes for America, after 20 years. As a founding board member and partner of HPET, Rase is deeply knowledgeable and committed to its strategy and success.

Media Contact
For all media inquiries:

Rebecca Regan
(617) 259-1820

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Housing Partnership Network

The mission of the Housing Partnership Network is to build affordable homes, better futures and vibrant communities for low- and moderate-income people through partnerships with our member organizations, the business sector, government, and philanthropic institutions.
The Housing Partnership Network fulfills its mission by supporting and partnering with its members -- 100 of the nation's leading housing and community development nonprofits that work locally, regionally and nationally to ensure that people have the opportunity to live in decent homes in vibrant communities. HPN facilitates the peer exchanges among members that produce new and innovative solutions to shared problems; researches and tests ideas for feasibility; raises the necessary capital to launch new business enterprises; and manages the initiatives on behalf of participating members.

Phone: 617-720-1999
Fax: 617-720-3939

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