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Eric Ragan
Vice President at Richman Community Capital, LLC
Professional Background
Eric Ragan has built a remarkable career in the real estate investment and development sector, currently serving as the Vice President at Richman Community Capital, LLC, one of the leading names in affordable housing tax credit funds. His leadership and expertise have contributed significantly to the operations of The Richman Group (TRG), which ranks as the nation's preeminent sponsor of affordable housing tax credit funds. With TRG being recognized as one of the largest privately-owned real estate investment and asset management firms in the country, Eric's role in the organization underscores the impact of his professional journey on the affordable housing landscape.
In his current role, Eric Ragan is instrumental in managing one of the most expansive portfolios of multi-family units in the United States. The Richman Group has successfully raised approximately $13 billion in equity and debt, facilitating investments in over 1,600 apartment projects across 49 states in addition to territories such as Puerto Rico, Guam, Saipan, and the U.S. Virgin Islands. Beyond mere financial metrics, the organization contributes to building sustainable communities by managing asset services for 150+ public, private, and institutional investment funds, collectively owning around 105,000 housing units.
Before ascending to his current position, Ragan honed his skills and expertise at Richman Asset Management, Inc. He held the position of Assistant Vice President of Investor Services & Reporting, where he was responsible for ensuring transparency and effective communication with investors. His analytical prowess was further enhanced during his time as an Asset Management Analyst, where he supported operational and investment strategies. Furthermore, he has experience as a Portfolio Management Analyst at McCormack Baron Ragan Management Services Inc., where he learned the intricacies of managing property portfolios effectively.
Education and Achievements
Eric Ragan's educational background laid a strong foundation for his professional journey. He graduated with a Bachelor of Science degree in Business, specializing in Accounting from the highly regarded Kelley School of Business at Indiana University. His education equipped him with the critical thinking and analytical skills necessary for navigating the complexities of real estate finance and investment management.
Eric's upbringing at Chaminade College Preparatory further instilled in him a sense of community and the importance of public service, which has undoubtedly influenced his career choices and commitment to affordable housing solutions.
His academic achievements are complemented by a plethora of professional accolades and contributions to the real estate investment industry. At TRG, under his leadership, the firm has continued to thrive as a front-runner in the affordable housing sector, continually innovating and exploring new ways to provide safe and affordable living conditions for individuals across diverse demographics.
Notable Achievements
Throughout his career, Eric Ragan has consistently demonstrated his expertise and dedication to the field of real estate investment and management, particularly within the sphere of affordable housing. His leadership at Richman Community Capital has been pivotal in establishing and maintaining partnerships that prioritize community growth and sustainability.
He has played a crucial role in overseeing and streamlining financial processes that enhance the firm’s operational efficiency, ensuring that The Richman Group's investments meet and exceed the needs of the communities they serve. By leveraging in-depth financial analysis and market insights, Eric has contributed to TRG’s stellar reputation for reliability and performance within the competitive landscape of real estate investment.
In conclusion, Eric Ragan’s professional narrative is characterized by his lengthy experience in real estate investment, a solid educational foundation, and a robust commitment to community development through affordable housing initiatives. His track record of accomplishments reflects his unwavering dedication to enhancing the quality of life through sustainable housing solutions, further solidifying his position as a prominent figure in the affordable housing sector.