David Smith, chairman and founder, Recap Real Estate Advisors

摘要

The name of the company David Smith founded-Recap Real Estate Advisors-appears frequently in a range of venues, from Congress to HUD to the Millennial Housing Commission, as an expert consultant. Now, Smith appears determined to keep an eye on the future. What he does is likely at the forefront of thought in the field of affordable housing finance. "Too many people assume that the future will be a smooth continuation of the past. At Recap, we anticipate disruption, and we plan to move fast and smart after, during and before disruption," says Smith. Formed 22 years ago, Recap has earned a place in the ranks of the nation's foremost affordable housing specialists. Smith has personally completed more than 80 transactions, including workouts, resyndications and recapitalizations for the preservation, prepayment or renewed affordability, of over 10,000 apartments with a value of more than $400 million. Smith has also helped to develop new affordable housing tools for the public benefit, and has long been seen as an industry leading light. In 1996, for example, he was among those selected by the Senate to develop Mark-to-Market legislation.