WNC, a provider of investment, asset management and development services for the affordable housing industry, has hired Richard Bennion as senior vice president of capital markets, preservation equity funds.
Bennion joins WNC after spending 12 years with Carmel Partners, a real estate investment management firm that focuses on U.S. multifamily development, renovation and debt. Ultimately serving as a senior vice president in investor relations, he helped raise more than $2.8 billion of equity for sector-specific, closed-end real estate funds that sought to deliver value-add returns through multifamily investments. Bennion helped successfully market and close three funds between 2011 and 2018. Previously, he spent time with HG Capital and The Carlyle Group. He began his career in commercial real estate investments in 2005. Bennion earned a bachelor’s degree from Brigham Young University and an MBA from Harvard Business School.
