The NRP Group Welcomes Nicholas O’Brien as Vice President of Affordable Housing Development in New York

NEW YORK--(BUSINESS WIRE)--The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the appointment of Nicholas O’Brien as vice president of affordable housing development in New York. O’Brien will help lead the firm’s affordable housing development efforts throughout New York State, focusing on the areas of Long Island, Westchester County, the Hudson Valley and Upstate New York. He will report to Jonathan Gertman, Senior Vice President of Development, who oversees both market-rate and affordable development efforts in New York.

“We are thrilled to welcome Nick to The NRP Group,” said Jonathan Gertman, Senior Vice President of Development. “His experience across development, capital markets and affordable housing finance provides a valuable perspective as we look to identify new opportunities and expand our investment across New York State. We know that Nick’s experience will strengthen our team and help us continue to deliver on high-quality, affordable housing to communities throughout the state.”

In his new role, O’Brien will identify and evaluate new affordable housing development opportunities, support transaction structuring and guide projects from early-stage feasibility through closing. With over a decade of related experience, O’Brien joins The NRP Group from CREA, a Low Income Housing Tax Credit (LIHTC) syndicator, where he served as assistant vice president and focused on affordable housing acquisitions and advisory work with developers. While there, he gained firsthand experience in the financing and execution of communities supported by the LIHTC program. Prior to CREA, O’Brien was an associate at Northmarq Capital in Chicago, where he supported acquisitions and dispositions for commercial real estate across multiple asset classes.

"Affordable housing deals don't move forward on good intentions alone; they take the right opportunity, the right structure and the right partners," said Nicholas O'Brien, Vice President of Affordable Housing Development. "I've worked across different parts of that process, and I'm excited to bring that perspective to NRP. The need for affordable housing across New York State is significant, and I'm looking forward to helping identify and structure the projects that meet it. NRP has a long track record of developing high-quality housing with a focus on resident well-being and long-term growth, and I'm thrilled to be joining such a talented, like-minded team."

O’Brien holds a Master of Business Administration (MBA) with a concentration in Financial Strategy & Execution from DePaul University’s Charles H. Kellstadt Graduate School of Business and a Bachelor of Science (BS) in Finance from the University of Nebraska–Lincoln.

New York State remains a priority growth market for The NRP Group, with a growing portfolio of communities across the state. Recently completed projects include Hudson on Nine in Albany and The Renaissance at Lincoln Park in New Rochelle. Since 1994, the company has developed more than 68,000 apartment homes nationwide and currently manages more than 33,000 residential units across the United States.

About The NRP Group
The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 68,000 apartment homes and currently manages over 33,000 residential units.

Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.

The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and is a five-time recipient of NAHB’s Best Multifamily Development Firm of the Year award. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.