Key Personnel

Senior Management

Ronald Diner is the president of Raymond James Tax Credit Funds, a leading sponsor of Section 42 investments, with $2.5 billion of LIHTC equity invested on behalf of individuals and major corporations. Since 1983, on behalf of Raymond James, Ron has been responsible for the acquisition and asset management of over 1,200 affordable housing properties located throughout the United States. He has served on numerous industry-wide committees and boards, and is a frequent speaker and panel member at national and state seminars relating to the low-income housing tax credit program. He received an MBA from Columbia University; his bachelor's degree is from Trinity College.

Steven Kropf is executive vice president and director of investments for Raymond James Tax Credit Funds. He is responsible for acquisitions, as well as institutional investor relations. Steven is a member of the RJTCF investment committee, which is responsible for reviewing and approving each partnership. Prior to joining Raymond James in 2000, he was a senior manager within the financial advisory services practice of PricewaterhouseCoopers. He was also a project manager within the construction practice of Peterson Consulting LP, where he was responsible for performing financial damage analysis on construction and environmental projects. Steven received a bachelor's degree in engineering, a master’s in engineering and an MBA from the University of Florida.

Originations

Craig Descalzi is senior vice president and national director of acquisitions for Raymond James Tax Credit Funds, and is responsible for directing overall strategy and implementation of RJTCF's property acquisition efforts throughout the United States. Prior to joining Raymond James, Craig worked in project management for Bovis Lend Lease in Washington, D.C. He has extensive experience in modeling project-level owner and investor cash flows. Craig received an MBA from Duke University and a BS in environmental engineering from the University of Notre Dame.

Darryl J. Seavey is vice president and managing director of acquisitions, northeast region for Raymond James Tax Credit Funds and is responsible for property acquisitions in the Northeast United States including New York City. Darryl’s background includes originating, developing and managing all phases of affordable housing developments, including coordinating terms for debt, equity and government subsidies. Prior to joining Raymond James, he served as managing director for the northeast United States for a major national syndicator. Prior to that, he served as assistant and, later, deputy commissioner of the New York State Division of Housing and Community Renewal. He holds a bachelor's degree from Union College in Schenectady, New York, and a law degree from Brooklyn Law School.

Kevin Kilbane is vice president and managing director of acquisitions, West region for Raymond James Tax Credit Funds. He is responsible for overseeing all aspects of property acquisitions for the company in the Western United States. Prior to joining Raymond James, he worked as an independent consultant responsible for placing equity for LIHTC developers, and spent 10 years at a major national syndicator, where he was a member of the executive management team responsible for acquisitions, equity sales and staff management. Kevin received a bachelor's degree in business economics from the College of Wooster in Wooster, Ohio.

Gary Robinsonis vice president and director of acquisitions, Mid-South region for Raymond James Tax Credit Funds and is responsible for property acquisitions in Arkansas, Kentucky, Louisiana, Mississippi, Tennessee and Texas. Gary joined Raymond James in 2001. Prior to joining Raymond James, he was involved in the structuring, financial due diligence, and transactions of numerous mergers and acquisitions. He was previously a loan officer at First Union National Bank. Gary received an MBA from the University of Florida and a BS from the University of South Florida.

Sean Jones is associate director of acquisitions, Coastal region for Raymond James Tax Credit Funds, and is responsible for new business development and relationship management for partners in Florida, Hawaii, Alaska, Ohio, Puerto Rico and the U.S. Virgin Islands. Sean joined Raymond James Tax Credit Funds in early 2007. Prior to joining Raymond James, Sean was involved with the development and operation of a residential real estate finance department of a federally chartered credit union. Sean earned an MBA from Florida State University and a BS from the University of Central Florida.

James Dunton is director of acquisitions, Midwest region for Raymond James Tax Credit Funds and is responsible for property acquisitions in the Midwest region of the United States. He joined the firm in 2005 and has held various roles within RJTCF. In his previous roles, James was responsible for reviewing due diligence material, addressing investor concerns, processing capital distributions and facilitating closing of project partnerships. He received an MBA from Duke University and a BS with honors in finance from the University of Florida.

James Horvick is vice president and director of acquisitions, Mountain region for Raymond James Tax Credit Funds and is responsible for property acquisitions in Colorado, Idaho, Minnesota, Montana, New Mexico, Nevada, North Dakota, South Dakota, Wyoming and acquisitions of Native American properties. James serves on the City of Tampa’s Affordable Housing Advisory Committee. Prior to joining RJTCF in 2002, he developed and delivered specialized training programs for Raymond James & Associates. James received an MBA with honors from the University of Florida and a BA from Concordia College.

John Colvin is director of acquisitions, Southeast region for Raymond James Tax Credit Funds and is responsible for property acquisitions in the Southeastern region of the U.S. Prior to joining Raymond James, John worked for a large regional bank where he was responsible for tax credit equity originations and construction lending throughout the Southeast. His commercial real estate background includes managing multifamily real estate developments, from underwriting through construction and stabilization. John received a bachelor's degree in finance from the University of Alabama and an MBA from the University of Alabama at Birmingham.

Feasibility

Sam Shupe, vice president of feasibility, is responsible for determining the feasibility of property acquisitions made by Raymond James Tax Credit Funds. Sam is a member of the RJTCF investment committee. Prior to joining Raymond James in 1995, he worked with NationsBank for more than eight years. He was involved with the underwriting and analysis of commercial real estate loans, as well as recommendations regarding restructuring of troubled loans and asset disposal decisions. He also directed the production of market research reports and performed numerous property valuations and feasibility studies. Previously, he was a real estate lender and also was directly involved in the management of loans on troubled properties. Sam graduated from the University of Florida with a bachelor degree with honors.

Underwriting

Rick Cargo is vice president and chief underwriter, responsible for the underwriting process and closing property acquisitions for Raymond James Tax Credit Funds. He has more than 27 years of experience in numerous aspects of commercial real estate. He is a member of the RJTCF investment committee. Prior to joining Raymond James in 1999, Rick worked for First Industrial Realty Trust in several capacities including acquisitions, development/construction and management. Previously a project development manager with the Radnor Corporation, he received his bachelor's degree with honors from University of Florida and attended the MBA program at the University of South Florida.

Institutional Investment

Steven Kropf is executive vice president and director of investments for Raymond James Tax Credit Funds. He is responsible for acquisitions, as well as institutional investor relations. Steven is a member of the RJTCF investment committee, which is responsible for reviewing and approving each partnership. Prior to joining Raymond James in 2000, he was a senior manager within the financial advisory services practice of PricewaterhouseCoopers. He was also a project manager within the construction practice of Peterson Consulting LP, where he was responsible for performing financial damage analysis on construction and environmental projects. Steven received a bachelor's degree in engineering, a master’s in engineering and an MBA from the University of Florida.

Drew Goldman is vice president and director of institutional investment for Raymond James Tax Credit Funds Inc. He is responsible for establishing and maintaining new institutional equity relationships. Prior to joining the firm in 2008, Drew worked for 12 years in the financial services industry. As an investment banker and corporate lender with JPMorgan Chase, GE Capital and Bank of America, he was involved in more than $13 billion of financing, restructuring, and M&A transactions in an array of industries in the United States and abroad. Drew earned an MBA from Emory University's Goizueta Business School and his BBA is from The University of Texas at Austin.

Lauren Luetkemeyer

Tiffany Zuloaga

Asset Management

Bob Landis is senior vice president and director of asset management for Raymond James Tax Credit Funds. A long-term veteran of the multifamily housing industry, Bob has experience in asset management, property operations, acquisitions and development, involving market rate, and affordable assets throughout the United States. Prior to joining Raymond James, he served as president of Lane Management, LLC in Atlanta and he was senior vice prsident with both Alliance Residential Management and United Dominion Realty Trust in Texas. Bob received a BA with honors from the University of Delaware and a Master of Urban and Environmental Planning from the University of Virginia School of Architecture.

Brian Lynch – Vice President, Asset Management

Sylvia Perez – Vice President, Asset Management

Steve Johnson – Vice President, Asset Management

Investor Reporting

Toni Matthews is vice president and chief financial officer of Raymond James Tax Credit Funds, Inc. She is responsible for directing the financial activities, the information technology development and the reporting of Raymond James Tax Credit Funds. Prior to joining Raymond James, Toni was in public accounting, specializing in IRS controversy. She also held the position of assistant vice president of corporate tax for Raymond James Financial. She received her bachelor's degree from the University of South Florida.

Gwen Benton – Manager

Tracy Allen – Manager