David Opalek To Lead Scioto Properties Investment Strategy
Scioto Properties is thrilled to announce the newly created position of Chief Investment Officer to be filled by David Opalek. Mr. Opalek will be responsible for growing our real estate portfolio and to develop and implement the investment strategy.
David has over 20 years of real estate finance experience with an extensive background in the healthcare and affordable sectors. Prior to joining Scioto Properties, Mr. Opalek ran the healthcare real estate division at Lawrence, Evans & Co., LLC, a boutique healthcare investment banking firm.
He also founded and managed the Columbus office of Love Funding, an FHA Multifamily and Seniors housing lender. He spent 10 years originating loans and managing relationships in the Mortgage Banking services division at Red Capital Group, where he closed over $2 billion in FHA and agency financing transactions. Prior to his tenure at Red Capital Group, Mr. Opalek worked for Bank One in their Corporate Trust Department where he focused on multifamily housing bonds.
In addition to his extensive mortgage banking experience, Mr. Opalek has been instrumental in developing new financing structures for the capital markets. Some of his notable accomplishments include the first cash collateralized multifamily housing bonds that fundamentally changed the way that FHA 4% LIHTC are funded, and the first Build America Bond, collateralized with an FHA loan in the wake of the housing crisis. These innovative structures have save borrowers millions in financing costs.
Mr. Opalek received his BA from Alma College and his Juris Doctor from Wayne State University Law School. Additionally, he received his MBA from the Fisher College of Business at The Ohio State University.