BLVD Communities, a division of BLVD Capital, is an owner, operator and developer of affordable housing nationwide.  Through property based Section 8 subsidies, Low Income Housing Tax Credits, and additional programs, BLVD aims to preserve and expand long term housing affordability for low income households.  

 

With 1 in 4 American renters paying more than 50% of their income in rent and utilities*, there is an expanding housing affordability crisis in the United States.  This crisis disproportionately affects low income renters who simply cannot afford unrestricted or unsubsidized housing.  As the renter population grows at a faster pace than affordable housing supply, the need for this housing continues to become increasingly acute. BLVD Communities houses these renters, particularly at the more affordable end of the spectrum, through preserving and adding to current affordable multifamily supply.  

 

BLVD focuses on establishing financially viable long term affordable housing for both families and seniors principally located in primary and secondary markets.  BLVD continues to significantly expand its portfolio throughout the United States.

* Source: Associated Press, May 1, 2015

LEADERSHIP

Pat oversees all aspects of the firm and is principally responsible for BLVD Communities' Section 8 affordable business.

 

Prior to joining BLVD, Pat served as the Vice President of Acquisitions at a Los Angeles based, regional multifamily development and investment firm.  He was responsible for the formation and management of the acquisitions platform, and for the sourcing, acquisition and financing of the company’s multifamily investments.  While at the firm, he sourced and acquired performing and non-performing loans, value-add apartments, development sites and low income multifamily housing.  Prior to this, he was Director of Multifamily Acquisitions for another Los Angeles based firm, where he was responsible for the sourcing, acquisition, disposition and financing of all multifamily properties in California.  During his tenure there, Pat managed the successful closing of over $480 million in multifamily acquisitions and dispositions.

 

Pat graduated with a degree from the University of California at Los Angeles.

George Saad
Director of Acquisitions

George is a real estate professional with 10 years’ experience in acquiring, financing, and developing investment real estate nationwide. He began his career at CBRE where he was responsible for financial analysis and market research of office, multifamily, and industrial properties. During the last 5 years, George has managed the acquisition and development of 35 multifamily properties totaling over $500 million. As Director of Acquisitions at BLVD Communities, George is responsible for all facets of the acquisition process including the financing and preservation of affordable HUD and LIHTC properties across the country.

 

George graduated with a degree from the University of Notre Dame and currently resides in the Los Angeles area.

Bridget Moody
Director of Asset Management

Bridget brings over 15 years of experience in the Multi-family Housing Industry to her role as Director of Asset Management.  She has worked in diverse capacities within asset management including, accounting, operations, human resources and business systems, giving her a wide breadth of perspective and experience. She has served in roles including Controller, Human Resources Director and Asset Manager for large regional multifamily owners and operators.  Bridget has a natural affinity for processes and procedures which she utilizes to promote efficiency and productiveness to those around her.

As the Director of Asset Management for BLVD Communities, Bridget oversees all aspects of the Asset Management division and is responsible for the overall operations, regulatory compliance, asset preservation and profitability of the affordable housing portfolio.

Bridget grew up in Ohio and earned her Masters of Business Administration from Ohio University, she now resides in Los Angeles.

Nikhil Nardhani
Developer

Nikhil is the Developer at BLVD Communities.  Having joined BLVD in March 2015, he manages the development process of the firm's LIHTC projects and is responsible for working with contractors, municipalities and other government agencies as well as debt and investor partners to ensure the overall execution and delivery of these projects. Prior to this role, Nikhil served as BLVD's Director of Asset Management for 5 years where he oversaw all aspects of the department including major capital projects, compliance, and management execution during LIHTC development projects.  Prior to joining BLVD, Nikhil served as an Asset Manager for over 6 years at a leading owner/operator based in Los Angeles with a focus on multi-family value add opportunities. During his tenure, Nikhil managed a portfolio of over 5000 units nationwide. His responsibilities included day to day operations, revenue and expense management, oversight of capital renovations and the overall profitability of the portfolio.

 

Nikhil received a degree from the Marshall School of Business at the University of Southern California.

ABOUT US

Patrick Luke
Managing Principal
Robert Budman
Managing Principal

Rob oversees all aspects of the firm and is principally responsible for BLVD Communites' LIHTC development business.  

 

Prior to founding BLVD, Rob served for over 7 years as Partner of a Los Angeles based investment firm, overseeing the acquisition, disposition and financing of investments for the company and its affiliated entities.  His focus was on the purchase and rehabilitation of distressed, underutilized or underperforming real estate in primarily urban markets with institutional, family office and private capital.  He previously was Senior Acquisition Analyst at a major Orange County based, value-add multifamily investment firm, completing $300 million of transactions with institutional partners including pension funds and Wall Street opportunity funds.

 

Rob has completed dozens of projects in the multifamily, office and retail asset classes, totaling over $1 billion in transactions throughout his career.  He received a degree from the Marshall School of Business at the University of Southern California.