IRVINE, CA—National firm WNC has signed a broker agreement with Strategic Tax Credit Investments LLC (STCI), an investment advisory, brokerage and consulting firm led by founder Dave Robbins, a 25-year veteran of the affordable housing industry. 

As part of the agreement, STCI will focus on strategic positioning, raising investor equity and aiding in product development for WNC, which is based in Irvine.

“I am pleased to announce this partnership with the STCI team. The firm's professionals have countless relationships with multi-fund and private investors that will greatly benefit our organization's equity raise capabilities, and in turn, the communities we serve,” said Michael Gaber, executive vice president and chief operating officer of WNC.

STCI, an institutional division of Compass Securities Corp., that is headquartered in a Boston-area suburb, was established by Robbins in 2010. Since its founding, STCI has been directly involved in raising more than $2 billion in LIHTC equity, including primary and secondary transactions. Previously, he spent eight years as the head of institutional sales at MMA Financial, where he raised in excess of $4 billion in LIHTC equity and was responsible for the oversight of the sales and fund management team, as well as managing the company's third-party broker-dealer network.

“I have developed strong relationships with the professionals at WNC over the years and I am looking forward to a very productive partnership, supporting the organization's equity raise and product development goals,” Robbins said.

WNC, founded in 1971, is a national investor in real estate and community development initiatives, with more than $6 billion of assets totaling in excess of 1,250 properties in 45 states, Washington D.C. and the U.S. Virgin Islands.