The Austin Housing Conservancy is an open-ended social impact private equity fund for high-net-worth individuals, family offices, private foundations, institutional investors, Bank CRA programs, larger foundations and others. Unlike other impact investment funds, which invest in enterprises with social or environmental missions, the Austin Housing Conservancy Fund is the first to invest long-term equity directly in the problem it endeavors to solve: moderate and middle-income housing affordability.
Our mission is to purchase and preserve multifamily properties to maintain affordable rental rates for our community’s teachers, first responders, medical professionals and others vital to Austin’s day-to-day livability and success. With a flexible, discretionary investment strategy, the Fund delivers to investors high single-digit financial returns, as well as social and environmental outcomes that directly benefit Austin’s working professionals.
The team at Affordable Central Texas has a broad base of experience to support the Austin Housing Conservancy Fund’s investments and mission. Throughout their respective careers, the ACT management team members have demonstrated investment acumen, financial expertise, fundraising success and local knowledge of their communities. With more than 25 years of experience each, senior team members have completed more than $15 billion in capital market transactions and have overseen single-asset to multibillion-dollar funds utilizing REIT, 1031 and LP structures in core, value-add and
Locally, the team has more than a half century of Austin experience, including leadership positions at AIC Ventures,
Durbin Bennett, the Real Estate Council of Austin, WhiteGlove Health, the LBJ Foundation and the Urban Land Institute
The team at Affordable Central Texas has a broad base of experience to support the Austin Housing Conservancy Fund’s investments and mission. Throughout their respective careers, the ACT management team members have demonstrated investment acumen, financial expertise, fundraising success and local knowledge of their communities. With more than 25 years of experience each, senior team members have completed more than $15 billion in capital market transactions and have overseen single-asset to multibillion-dollar funds utilizing REIT, 1031 and LP structures in core, value-add and opportunistic strategies.
Locally, the team has more than a half century of Austin experience, including leadership positions at AIC Ventures, Durbin Bennett, the Real Estate Council of Austin, WhiteGlove Health, the LBJ Foundation and the Urban Land Institute.
A 34-year veteran in real estate and investment and an 11-year Austinite, David Steinwedell applies the best practices of private equity and asset management to the city’s moderate- and middle-income affordability challenges.
David has worked at fund advisers, REITs and real estate investment banks, and has led teams in acquisitions, asset management, and debt and property management. He has been involved in over $15 billion in financial transactions across several REITs and high-net-worth investment funds, and was the executive director of the Urban Land Institute-Austin for four years until transitioning full time to his current role as president and CEO of Affordable Central Texas.
His experience across all property types and various investment vehicles provides the background to make flexible investments and create innovative transaction structures to address Austin’s rapidly changing marketplace. David is a graduate of Hamilton College and has served on the boards of NAREIM, ULI - Austin and Atlanta, and the Tritt Foundation. He and his wife, Patty, reside in Austin and have three grown children.
Brian has 30 years of real estate finance and investment experience, including public equity offerings (IPO), M&A and private equity offerings. Brian has completed more than $14 billion of real estate transactions. Mr. Strickland graduated with a BBA in Accounting from Texas Tech University in 1985. He started his career at Ernst & Young in 1986 and was certified as a CPA in 1988. Brian served as Vice President of Tax at Wyndham International, Executive Vice President and CFO of CNL Hotels & Resorts Inc., CFO of JMI Realty LLC and President of S-5 Investors, LLC. Brian served as an independent director of Felcor Lodging Trust (NYSE “FCH”) and is currently a Board member and Treasurer of Red Arena Inc, a nonprofit equine assisted therapy organization.
Amy Barbee brings to Affordable Central Texas nearly three decades of experience as the executive director of prominent nonprofits, including the Real Estate Council of Austin, the LBJ Foundation and the Texas Cultural Trust.
As a 52-year Austin resident and with a decade of accumulated real estate experience, Amy is a staunch advocate for the people of Austin. She brings a network of local connections and an extensive background in revenue generation, fundraising, nonprofit management and operations to Affordable Central Texas.
After briefly leaving Austin to work as a production coordinator in the film industry, she returned in the late 1980s when she could fully appreciate all the city has on offer. In the time since, she has raised twins and launched her career in executive management. She is a graduate of Northwestern University.
Beverly Grass adds 30 years of accounting experience to Affordable Central Texas. She held various accounting positions at the Teacher Retirement System of Texas (TRS) including investment fund accounting for Real Assets, Private Equity, Hedge Fund and External Public Market portfolios. In addition, she has been responsible for accounting work for several nonprofits. Beverly has earned her CPA, received the CFA Investment Foundation Certificate and the Claritas Investment Certificate in addition to a BS in Accounting from Liberty University graduating Cum Laude. She and her husband are long-time residents of Central Texas.
Yael Ouzillou is the capital raise and investor relations consultant for Affordable Central Texas. She has more than 20 years of experience creating and implementing people-centric fundraising strategies in mission-driven organizations. Yael has worked for and consulted with nonprofits, political campaigns and associations.
After graduating from the University of Texas, Yael worked briefly in Austin before her career took her to Washington, D.C. for eight years. She and her husband moved back to Austin 15 years ago, where they’re raising two children.
Dennis is a financial analyst at Affordable Central Texas, where he conducts due diligence and provides support for acquisitions and portfolio management. He graduated from the University of Mississippi in 2016, where he spent a year working for a commercial brokerage firm. He then returned to Austin to pursue a career in commercial real estate. Dennis graduated from Westlake High School in 2012.