Management & Board of Directors
Peter H. Wasserman
Chairman and Executive Director
Director since 2006
Executive Director since 2007
Peter has been involved in the development, construction, brokerage, and asset management of low- and moderate-income multifamily real estate since 2002.
Between 2002 and 2005 Peter managed approximately $65mm in new construction tax exempt bond transactions as a fee based developer with The Wasserman Group, Inc (TWG). The rated bonds on these transactions utilized a government loan guarantee program as credit enhancement to the debt. The six projects involved in these transactions consisted of a blend of seniors housing (age/income restricted congregate care) and income restricted (non-LIHTC) family developments. These projects utilized 501(c)(3) sponsors with whom TWG had no previous relationship. During the development of these projects Peter saw the good that 501(c)(3) chartered organizations could do to change the lives of low- and moderate-income individuals and families. Hence, in 2005 Peter, along with Stephen M. Wasserman and a motivated Board of Directors, formed AHA.
In 2005 Peter switched his focus to the acquisition/rehab (or “preservation”) of aged USDA Section 515 (formerly “Farmers Home”) properties. Between 2005 and 2009 Peter was involved with fifteen Section 515 LIHTC developments – most of which received either 9% LIHTC awards or some other form of subsidized funding.
Following the credit debacle of 2008- in 2009 Peter shifted his focus to truly growing AHA. Since 2009, AHA has closed on six multifamily properties (288 units). The properties AHA owns have been financed with any combonation of LIHTC, HUD/USDA debt, tax-exempt bonds, and soft money/grants. Peter was actively involved in all aspects of the acquisition, finance, and development of AHA’s projects. In 2009 Peter formed Alliance Fund Advisors, LLC (“AFA”) with his partner (and father) Stephen M. Wasserman. AFA has acted as strategic consultant to AHA and other developers on real estate projects ranging from affordable multifamily to commercial office buildings leased to the federal government. In 2012 Peter and Steve formed Alliance Fund Management, LLC (“AFM”). AFM’s core focus is in providing short term institutional grade acquisition capital to qualified 501(c)(3)’s. AFM is an impact investor whose overall goal is the preservation of affordable housing.
Prior to entering the real estate industry Peter spent five years with the Atlanta Symphony Orchestra as Program Coordinator for the Chastain Park Amphitheater and the Symphony Hall “Super POPS!” con-cert series. During this time he produced over 200 live concert events (ranging from pop acts such as Hootie and the Blowfish to classical performances featuring the Atlanta Symphony Orchestra). Peter is a graduate of Georgia State University with a degree in Economics.
Stephen M. Wasserman
Director- ex officio, Secretary/Treasurer
Director since 2005
Over his 35+ year business career Steve has been involved in virtually every aspect of real estate. A Certified Public Accountant and graduate of the University of Illinois (Urbana), he came to the real estate industry after serving as an auditor and tax accountant for PricewaterhouseCoopers (then Price Waterhouse & Co.) and having completed one of the country’s most rigorous and prestigious corporate management development programs at Illinois Bell (now AT&T). He later served as Executive Vice President and Controller of the real estate division of a NYSE company, where he was responsible for a residential property management company with approximately 50,000 apartment units, and significant number of commercial properties, some of which were leased to governmental agencies, including the Cook County Department of Public Aid. During the REIT crisis of the mid-to-late 1970’s Steve was an officer of First Wisconsin National Bank (now US BANK), where he managed a multi-hundred million dollar (1970’S DOLLARS) “work-out” portfolio of troubled real estate and loans. As a bank officer he was directly involved in bor-rower negotiations, bank swaps, construction, asset and property management, and virtually every other real estate/banking related activity. The Bank’s approach was to acquire title where appropriate, complete construction, manage property, and ultimately sell its real estate assets at high stabilized values rather than dispose of properties at discount prices - and thus minimize losses.
Steve moved to Atlanta to complete the Bank’s asset disposition process in the Southeast and remained with the Bank until late 1977, when he formed The Wasserman Group, Inc. (TWG). In addition to asset and property management (including two contract transactions with MGIC and AMBAC), over a 30 year period TWG developed offices (award winning), apartments, condo-miniums, and single family houses. It is a specialist in government financed programs and state housing agencies and has strong relationships with local and national offices of the USDA. Cur-rently he is a partner with Alliance Fund Advisors, LLC (“AFA”) and Alliance Fund Management, LLC (“AFM”). Both organizations are active either with the development or financing of affordable multifamily housing.
Christopher M. Buerkle
Director since 2007
Christopher (“Chris”) Buerkle is a senior product manager in Treasury Services at Sun Trust Bank in Atlanta, Georgia. Chris’ background in Technology dates back to the early popularization of the internet where he owned and operated his own web development company for many years. During his tenure at the bank, Chris has been involved with multiple high level projects including various launches of online and mobile applications. Chris has a degree in finance from Georgia State University.
Amy Kerley Moorhouse
Director since 2012
Amy Moorhouse currently serves as the President and Chairperson of The Ellis R. Kerley Forensic Sciences Foundation. The Foundation works on behalf and at the direction of the Board of Directors to develop and encourage the science of anthropology while enhancing educational opportunities in the targeted university system through scholarship awards and enrichment programs for students who demonstrate, through academic excellence and leadership in their communities, their capacity for and commitment to making a difference in the field of forensic anthropology. Amy is a highly organized and an innovative direct marketing professional with who has also spent the last six years as the Vice President of Marketing Communications for Sun Trust Bank in Atlanta.
L. Matthew Stone
Director since 2012
Matt brings a strong background in development, leasing and project management to the board of AHA. Previously, Matt was a Development Associate with the commercial real estate development and investment arm of the Brand Banking Company where he directly managed the development and leasing of over 500,000 square feet of office, retail, and mixed use real estate as-sets including a LEED Gold certified office complex and the Gwinnett Braves stadium develop-ment.
Matt currently works for Realty Trust Group of Atlanta where he focuses on asset management and leasing for Northside Hospital’s portfolio.
Matt holds a Bachelor of Science in Corporate Communication from the College of Charleston and is currently pursuing his Masters of Business Administration with a concentration in Finance from Emory University – Goizueta Business School. Matt is licensed as a real estate salesperson in the state of Georgia and is affiliated with the Atlanta Commercial Board of Realtors – Young Council and Urban Land Institute.
Director since 2012
Aaron Kuney is the Director of Operations and a partner for Havenbrook Homes based in Atlanta, GA. HavenBrook Homes is a best-in-class, vertically integrated operating company focused on buy-to-rent “affordable” single-family homes and is a wholly-owned subsidiary of Sylvan Road Capital. HavenBrook Homes operates across the complete asset lifecycle from acquisition through exit, including renovation, leasing, property management and resident support. Prior to becoming part of Havenbrook, Aaron worked for Toro Properties Group as well as his own company, Kuney Properties, LLC. Toro and Kuney Properties were both focused on the acquisition and management of “workforce housing” oriented apartment communities located in the metro Atlanta area. Aaron’s experience in rental asset and property management spans the spectrum of 300+ unit apartment communities down to single family rentals.
Vacant Board Seat