Indianapolis, IN – August 10, 2021 – CREA, LLC is excited to welcome Ed Stone as Chief Credit Officer. Stone will lead and further develop CREA’s Credit and Underwriting functions as well as its Construction feasibility and monitoring group. He comes to CREA with over twenty years of low-income housing tax credit (LIHTC) experience spanning across acquisitions, credit and asset management. Also, having previously worked for both investment and syndication firms, Ed offers a unique background to meet the needs and goals of CREA in addition to providing renewed perspectives for our developer and investor partners.
“As a previous investor in CREA I truly admired the leadership and operations demonstrated at the firm,” said Stone. “As its new CCO I aspire to effectively contribute to supporting CREA’s growth and strengthening the confidence our partners have bestowed on the company.”
Most recently, Stone was Senior Director of Equity Investments at a government-sponsored enterprise where he was responsible for initiating efforts to re-start its LIHTC investment platform and placing over $1.5B in new equity commitments after leading the oversight of their $12B legacy portfolio in nearly 7,000 properties.
“We are very excited to have Ed join the team and are fortunate to have a smooth transition in this role,” said Tony Bertoldi, Co-President. “Ed’s extensive experience and industry knowledge will be invaluable in his role as CCO and as a member of CREA’s Senior Management as we and the industry continue to grow.”
Stone holds a Master of Business Administration from Indiana University, as well as a Bachelor of Science degree in Public Administration from Bentley University.