Los Angeles, CA—January 31, 2022– Standard Communities, a leading affordable housing investor and developer, has promoted Jessica Mackenzie to Senior Director of Capital Markets.
In her new position, Ms. Mackenzie is responsible for the structuring and closing of Standard Communities’ transaction financing. Since joining Standard in 2019, Ms. Mackenzie has arranged the financing for over 30 transactions with a total capitalization of over $1.5 billion.
“Jessica is extremely talented in finding innovative avenues to structure our deals,” said Scott Alter, Principal and Co-founder of Standard Communities. She was instrumental in our record growth in 2021 – where we acquired 26 properties, with over $1 billion in total capitalization, comprising over 4,400 units,” added Alter.
Prior to joining Standard Communities, she was a Director in the Community Development Finance Group at Union Bank where she originated debt and equity financing for affordable housing transactions. Ms. Mackenzie holds a Bachelor of Arts degree from the University of California, Los Angeles, and a Master’s Degree in Urban Planning and Real Estate Development from the University of Southern California.
Ms. Mackenzie is also an active mentor with Project Destined, helping students across the country understand the nuances of affordable housing investment.
“Jessica’s promotion is well deserved. We are fortunate to have her as part of the team, and she is a true pleasure to work with on so many levels. The passion and energy she brings to her role, along with the level of thoughtfulness and commitment to building meaningful relationships inside and outside of the organization, is exactly what we are trying to recruit for and develop within every role at Standard Communities,” said Joe Ouellette, Standard’s Chief Strategy Officer.
Based in Los Angeles and New York, Standard Communities has a national portfolio of over 13,500 apartment units, including approximately 12,300 affordable and workforce housing units, and has completed more than $3.6 billion of affordable housing acquisitions and rehabilitations nationwide. Standard Communities strives to cultivate long-term public and private partnerships to produce and preserve high-quality, affordable, and environmentally sustainable housing.
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Additional Coverage
CoStar News: Affordable Housing Investor Promotes Mackenzie
Affordable Housing Finance: Standard Communities Promotes Mackenzie
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