Kenneth Bacon Email & Phone Number

If you read the press today regarding housing, it is clear there is a shortage of affordable housing for working families in this country. This is a challenge for policymakers, but also an opportunity because it means that multifamily housing will continue to show signs of strong long-term growth well into the future.Over the past 40 years, I have dedicated my career to the housing sector by financing single family, and for the last 20 years, multifamily housing.Early in my career, I provided tax exempt housing bonds for first-time homebuyers in the single-family field. But over the years at Morgan Stanley, Kidder Peabody, and the Resolution Trust Corporation (now known as Deposit Insurance Fund), I gained experience financing a variety of residential real estate assets including developing innovative securitization programs to help the government dispose of its housing assets. I spent the next 19 years at Fannie Mae, including 12 years as Executive Vice President running both the community development and multifamily businesses, tripling the portfolio up to $195 billion which was comprised of multifamily mortgages, conventional equity, low-income housing tax credit, and mezzanine debt.After retiring from Fannie Mae in 2012, I co-founded RailField, an entrepreneurially run firm focused on the multifamily sector. RailField is committed to minimizing risk and generating above-market returns for our investors while at the same time creating a sense of community for our residents, providing them with a quality, safe place to live. We currently manage a portfolio of assets across five states in eight markets. I’m very proud of not only our properties but also our wide range of investor partners including major pension funds, family offices, private equity firms, and other institutional investors. Most recently, we closed a fund anchored by Citibank for the preservation of affordable multifamily housing.EDUCATION• Harvard Business School (M.B.A.)• London School of Economics (M.Sc. in International Relations); Marshall Scholar• Stanford University (B.A.)HONOR• Awarded Order of the British Empire (“OBE”) by the British government, in recognition of service to the Marshall Scholars programBOARD OF DIRECTOR POSITIONS• Welltower (NYSE: WELL), Chairman of the Board• Comcast Corporation (NASDAQ: CMCSA)• Ally Financial (NYSE: ALLY)• Arbor Realty Trust Inc. (NYSE: ABR)• Dominium (one of the largest owner/developers of affordable rental housing), advisory board memberADJUNCT PROFESSOR• McDonough School of Business, Georgetown University