Managing Director, Affordable Housing
Peter Beck, Managing Director at Forsyth Street, has over 20 years of experience in real estate finance and development consulting. Mr. Beck works in the firm’s Affordable Housing group, where he advises private and not-for-profit landlords and developers on the construction, rehabilitation, and acquisition and refinancing of housing using tax-exempt bonds, tax credits, project-based Section 8 subsidy, and other forms of governmental assistance, along with private and conventional financing sources.
He has been involved in structuring numerous Low Income Housing Tax Credit transactions, together representing over $1 billion in total development cost. Mr. Beck has also advised clients on financing student housing, military housing, non-profit community facilities and mixed-income “80/20” developments, and has provided assistance to developers in obtaining zoning approvals for large scale residential development. Mr. Beck’s experience at Forsyth Street also includes financing real estate projects through the capital markets. He has provided underwriting, financial analysis and due diligence support for financial institutions on projects financed through tax-increment finance (TIF) bonds and other forms of structured finance.
Prior to joining Forsyth Street in 2003, Mr. Beck spent 5 years as a financial and management consultant with Hamilton, Rabinovitz & Alschuler, Inc., specializing in public-private development and affordable housing. Mr. Beck has a Master’s degree in Urban Planning from Columbia University, and a Bachelor’s degree in Architecture from the Massachusetts Institute of Technology.