David H. Steinwedell

Here is the presentation material.

David H. Steinwedell has worked in the commercial real estate industry over 40 years in a variety of disciplines including public and private investment management, acquisitions, debt, capital markets, investment banking and asset management.  David is the founder and CEO of Affordable Central Texas (ACT) in Austin, TX, a not for profit fund sponsor with a focus on preserving workforce multifamily housing utilizing private equity through the Austin Housing Conservancy Fund.  The Fund has invested in over $400 million of moderate-income multifamily housing in thirteen properties totaling almost2,000 units and serving 3.000 residents with a long-term goal of preserving10,000 units in 10 years.

Prior to ACT, David was Executive Director of the Urban Land Institute (ULI) in Austin, TX where he led a dramatic increase in membership, sponsorship and community involvement in addition to being Managing Partner of Stoneforge Advisors, LLC, a real estate investment and advisory firm.  Throughout his career, he has worked with multiple property types including multifamily, office, industrial, single tenant net lease, hotel, retail and single-family land development.

He is former managing partner and investment committee chairman of AIC Ventures, where he was an equity partner and oversaw acquisitions of long-term sale-leasebacks and net leased assets with middle market credits.  While at AIC, David completed over $380 million of acquisitions, growing assets under management to almost $800million.  

David formerly served as president of Wells Fund Management at Wells Real Estate Funds, leading the development of a real estate investment product and management team dedicated to serving institutional investors. Also, at Wells, David served as chief investment officer for five years, leading a team of professionals responsible for Wells’ real estate investment strategy representing over $9 billion in acquisitions, $300 million in development and $4 billion in finance in a series of non-traded office REITS, a value-add fund, 1031 and limited partnership vehicles.  

Prior to Wells, David held executive positions at Jones Lang LaSalle and Cushman Realty Corporation where he directed and grew operations of investment banking and brokerage units in the South, resulting in $2.2 billion in transactions across a spectrum of asset classes.   David oversaw asset management, disposition and acquisition activities in the Southwest for pension funds and for the general account as a managing director at Aetna Life & Casualty.   He completed the foreclosure, asset management and sale of over 400 assets across all property types.  

As the recipient of numerous industry awards and accolades, David is Chair of the Board of Directors of the Austin Economic Development Corporation and a past member of the Board of Directors for the National Association of Real Estate Investment Managers(NAREIM).  He is an Urban Land Institute (ULI) Full Member, a past member of the Executive Committee of ULI Atlanta. a mentor, member of the IOPC and past Chair of the Affordability Strategic Council of ULI Austin.  David is the past-president of the Tritt Foundation.  He actively participates with Community First Village, Mobile Loaves and Fishes and Habitat for Humanity.  David has been a guest lecture or speaker at the University of Texas, Wharton School of Business, UCLA, Columbia University, NYU, and Hamilton College.  He has been featured in various publications, business journals and events including the Wall Street Journal, Bloomberg, Real Estate Forum, CPN, RECA, ULI, CREW and NAREIM.  David earned a bachelor’s degree in economics from Hamilton College in Clinton, N.Y.