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Colleen Carey, President
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Colleen Carey brings 18 years of experience in the field of real
estate development and finance to The Cornerstone Group. Prior to
establishing The Cornerstone Group, Ms. Carey served for seven years
as the Executive Director of Twin Cities Housing Development
Corporation, during which time the organization participated as a
developer in over $130 million of housing developments with projects
ranging in size from five units to 1,300 units. She was also in charge
of raising nearly $45 million in private equity investments through
the sale of low-income housing tax credits.
Carey has completed a number of historic restorations, several
commercial developments, and for-sale housing projects in addition to
her extensive multifamily rental development experience. She is
familiar with many financing alternatives including conventional
sources, public/government funding, tax-exempt bond issues, and credit
enhancement vehicles. She has considerable experience in the use of
public-private partnerships to facilitate real estate development.
Carey holds an MBA from the University of Wisconsin with a major in
Real Estate Development and Investment Analysis. She is a licensed
Minnesota real estate broker, a current member and past Board member
of the Minnesota MultiHousing Association, and the National Leased
Housing Association. In addition, she has served on the Board of
Directors of The Ripley Foundation and the Harriet Tubman Center and
is currently the Board Chair of the Illusion Theater in Minneapolis.
Carey resides in the City of Bloomington. |
