Housing Trust Group Looks National with Launch of New Division
Housing Trust Group also made a key appointment for its Florida operations. The firm reports that executive vice president Max Cruz has been named to lead all multifamily development activity in Florida.
MIAMI—Locally-based multifamily housing developer Housing Trust Group is looking to expand its operations on a national level. The firm has appointed veteran developer Quinn Gormley to head its new national development division—HTG America.
Gormley, who most recently served as a partner in Tidwell Group’s Austin, TX office, has more than 20 years of real estate development experience principally centered on affordable housing, tax-oriented investments and economic development. Gormely now serves as executive vice president of HTG America.
“HTG has expanded rapidly the last several years to meet the enormous demand for affordable housing in Florida, earning numerous national and local awards for our people, product and services,” says HTG’s CEO Matthew A. Rieger. “With Quinn’s leadership and expertise, HTG is now well positioned to take its platform national and offer our expertise to other communities around the country that are also desperately in need of safe, clean and affordable housing.”
HTG’s development portfolio consists of more than 6,500 units and includes affordable housing for families and seniors, student housing, and market-rate for rent and for sale communities. The firm, Florida’s largest affordable housing developer, presently has more than 2,000 apartment units in its pipeline.
Prior to joining Tidwell Group, Gormley was director of multifamily housing & real estate finance at Adolfson & Peterson Construction and also worked as VP with JP Morgan Chase, N.A., where he was responsible for community development lending and client relationships in southwestern states. Gormley has successfully provided multi-level oversight on the development and initial operation on more than 6,000 units of multifamily and single-family affordable housing.
Gormley, who holds a BA from the University of Phoenix and served in the United States Marine Corps, is based in Austin, TX.
Housing Trust Group also made a key appointment for its Florida operations. The firm reports that executive vice president Max Cruz has been named to lead all multifamily development activity in Florida.
“HTG’s rapid growth requires strong, experienced leadership here in Florida, where we continue to increase our capacity to meet the state’s tremendous demand for affordable housing,” says HTG’s Rieger. “Max has proven himself an outstanding leader, able to identify opportunities, work collaboratively with communities and clients to meet their objectives, and ensure all of our communities meet the highest standards for building and design quality.”
Cruz, who is based in Miami and has more than 19 years of real estate and development experience, has overseen the entitlement, development and construction of more than 3,200 rental homes across Florida and closed on over $500 million of rental financing.
He has also overseen the development of more than 2,300 for-sale homes and $136 million of for-sale financing. Prior to joining HTG in 2018, he was a VP of development for the Related Group’s luxury market rate division responsible for all aspects of real estate development from entitlement to completion. Before joining Related, he was the VP of development and finance for the Cornerstone Group for more than 12 years.