Jeff Crum joins CDT as Vice President - Equity Originations
The Terra Search Partners team is pleased to announce the recent completion of our search to assist The Community Development Trust in placing Jeff Crum as Vice President – Equity Originations. In his new role, Jeff will work to expand CDT’s equity investments that improve the lives of individuals and families living in the properties they finance while generating solid financial returns for its investors. CDT invests long-term equity capital alongside proven and reputable affordable housing operators to create and preserve long-term affordability and provide high-quality, affordable housing to residents. Jeff will report to Michael Lear, CDT SVP – Head of Acquisitions.
Prior to joining CDT, Jeff was Chief Investment Officer for New Jersey Community Capital (NJCC), where he oversaw NJCC’s real estate affiliate—Community Asset Preservation Corporation (CAPC), with operations including real estate development, asset management, construction management, property management, and real estate brokerage services.
Previously, Jeff worked as Vice President of Real Estate for Build with Purpose, Inc., a non-profit community facilities builder that developed numerous charter school facilities and supportive housing projects and was Director of Real Estate for New Jersey Community Development Corporation building multifamily supportive housing and community facilities. In aggregate, the efforts Jeff has overseen have developed nearly $1 billion in community real estate projects and homeowner preservation efforts serving thousands low-income individuals and families.
Jeff received a BA in Social Work from Catholic University of America and a Master’s Degree in Public Policy from the Edward J. Bloustein School of Public Policy and Urban Planning at Rutgers University. He is a chair of the City of New Brunswick Planning Board and serves on the Boards of Directors for the Elizabeth Coalition to House the Homeless and YouthBuild Newark. Jeff was selected by NJ Biz as a “Forty Under 40” awardee for his accomplishments in the field of real estate.
The Community Development Trust
The Community Development Trust is a national lender and investor in affordable communities. Working with local, regional, and national partners, CDT makes long-term equity investments and originates and acquires long-term mortgages. In its 23 years, CDT has invested over $2.5 billion in debt and equity capital in properties in 45 states and regions — helping to preserve and create approximately 51,000 units of affordable housing. CDT is a private real estate investment trust (“REIT”), a certified Community Development Financial Institution (“CDFI”), an approved Fannie Mae affordable housing lender, and a member of the Federal Home Loan Bank of New York. As a CDFI and private REIT with a social impact mission, CDT operates as a double-bottom-line organization by utilizing creative financial solutions to provide debt and equity capital to underserved real estate markets while seeking attractive returns for its shareholders.