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Chase's Joe Reilly named new CEO (21k)
May 18, 2007. The Board of Directors announced recently that Judd S. Levy, CDT's founder and current CEO will retire as of August 1, 2007 and that Joseph F. Reilly, currently of JPMorgan Chase will assume the position of President and CEO.
CDT Completes $64 Million 4.25% Convertible Preferred Offering (140k)
December 12, 2006. CDT completed the third and largest equity capital raise through a $64 million private placement of 4.25% Convertible Preferred shares. Approximately $16 million of the proceeds provided liquidity to repurchase common shares from CDT's institutional investors.
CDT Provides Equity for $5.9 Million Acquisition of Expiring LIHTC Properties in Alabama (115k)
June 26, 2006. CDT closed its first equity investment in the state of Alabama. This transaction involved two expiring use LIHTC projects at a total acquisition cost of $5.9 million. Located approximately six miles apart, Wilshire Park is a 65 unit community in Huntsville, Alabama and Hunter's Chase is a 91 unit complex in Madison, Alabama.
Weidhorn Named Chairman of Private Affordable Housing REIT (101k pdf)
June 16, 2006. Peter J. Weidhorn, Managing Director of Baron Realty Advisors, LCC and a consultant and private investor in the multi-family housing market, was elected Chairman of the Board of Directors of CDT.
