Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
LCOR Incorporated Hires Vinh Thai as Development Associate
LCOR Incorporated—a fully integrated real estate investment, development, and management firm—has announced the hiring of Vinh Thai as development associate. Thai is primarily responsible for supporting the New York and New Jersey development teams in connection with acquisitions and execution of the firm’s development pipeline.
“Vinh Thai’s distinguished experience and ability to jump into his position amidst beginning remotely at the onset of the current pandemic in March makes us proud to have him on the LCOR team,” said David Sigman, executive vice president & principal of LCOR. “His wide array of experience in both the commercial real estate and development fields will only help us to further bolster our portfolios in the New York City area and throughout the country.”
Most recently, Thai worked in both development and asset management groups at Carmel Partners. Joining the company in 2018, Thai was tasked with a variety of job functions including the underwriting of land acquisition and development of mixed-use apartment complexes in the New York, Massachusetts, New Jersey, Connecticut and D.C. areas.
Thai began his career at Wells Fargo Bank in 2015 as a multifamily senior associate in the commercial real estate sector. Here, Thai spearheaded the permanent financing for a $600 million, 30-asset LIHTC Preservation portfolio. Additionally, Thai partnered with the agencies to finance Class A assets in major markets including New York City, Los Angeles, Denver, San Francisco, Seattle and Arlington.