Press release: Affordable housing developer Aeon welcomes new Vice President of Asset Management

 

Minnesota is facing an affordable housing crisis. Aeon — a nonprofit developer, owner and manager of affordable housing in the Twin Cities region — recognizes that the status quo is failing to meet the need for homes affordable. To help close this gap, Aeon is growing its team.

Aeon recently welcomed Stacy McMahon as its Vice President of Asset Management to support the organization’s long-term ownership interests in real estate. This newly created position, which focuses on physical, financial and vision-mission success of the affordable housing portfolio and other real estate assets, will help Aeon become a stronger affordable housing provider for the community.

“Aeon’s continued growth calls for as many experienced and talented real estate leaders as possible,” shares Aeon’s President & CEO, Alan Arthur. “Stacy has a wealth of financial, development and asset management experience. I look forward to having her on our leadership team at Aeon.”

Previous roles for McMahon included Director of Finance for The Trust for Public Land, and Chief Financial Officer for private real estate investment companies. McMahon says she was drawn to Aeon because of its mission to create home — the foundation of success — for all people in the Twin Cities area, and she is looking forward to working in the community she calls home.

About Aeon

Aeon is a responsive nonprofit developer, owner and manager of high-quality affordable apartments and townhomes that serve 8,000 residents in the Twin Cities area each year. Since 1986, Aeon has been committed to helping people create a home where they feel safe and connected to the community around them. Aeon believes that home changes everything. For more information, visit aeon.org or follow Aeon on Twitter and Facebook.