Social Impact Advisory Board
AJ Jackson
Brian Allan Jackson (AJ) leads social impact investing at JBG SMITH (NYSE: JBGS), a S&P 400 Real Estate Investment Trust, where he serves as an Executive Vice President. Prior to joining JBG SMITH, Jackson was a managing partner with EYA, LLC, a Washington, DC area urban infill development company, where he served on the investment and executive committees and led strategic planning. Jackson is a Global Governing Trustee of the Urban Land Institute and a member of the Advisory Board at the ULI Randall Lewis Center for Sustainability in Real Estate. He serves on the Affordable Housing Advisory Council for Fannie Mae and is a member of the Real Estate Executive Council and the Advisory Council at George Washington University’s Center for Washington Area Studies.
William Orum
William Orum is a Partner and member of the Investment Committee of Capricorn Investment Group. He joined the Firm in 2004 and has been based in its New York office since 2008. William has responsibility for investments, portfolio construction, and risk management across asset classes. Prior to Capricorn, he was an investment banker with Merrill Lynch in their global industries group focused on corporate finance and M&A advisory for technology clients. William received a BA from Amherst College and an MBA from the NYU Stern School of Business.
Pamela Hughes Patenaude
Pamela Hughes Patenaude is an accomplished real estate, housing policy, and disaster recovery expert with a four-decade record of achievement as an executive in government, nonprofit sector, and private industry. Patenaude is an Independent Director for Target Hospitality, Corp. (NASDAQ: TH) and is Chair of the Nominating and Corporate Governance Committee, Chair of the Compensation Committee and a member of the Audit Committee. Patenaude is an Independent Director of Loan Depot, Inc. (NYSE: LDI) and a member of the Audit Committee. Patenaude is also a member of the Social Impact Advisory Board for Center Creek Housing Fund. Patenaude is a Trustee and Chair of the Home Builders Institute (HBI). Additionally, Patenaude serves on the Board of Directors for Habitat for Humanity International as well as the Board of Directors for the Bipartisan Policy Center and serves on the Board of Governors for the National Housing Conference. Patenaude is Principal of Granite Housing Strategies, LLC, serving as a strategic advisor for clients engaged in real estate development, affordable housing, and disaster recovery management.
Luke Apicella (Former Member)
Luke Apicella has spent his entire career as an impact investor and specializes in affordable housing and sustainable infrastructure. In his work on the real assets team for Prudential’s Impact and Responsible Investing unit, he originates and manages investments for Prudential’s $1 billion impact portfolio. Apicella serves on the boards and/or committees for several portfolio companies including a Real Estate Investment Trust, a Community Development Finance Institution, and a local start-up. Apicella has degrees in sustainability management from Columbia University (MS), finance from New York University (MBA), and entrepreneurship from Syracuse University (BS).
Phyllis Caldwell (Former Member)
Phyllis Caldwell is an independent advisor, corporate director, impact investor and former banker. She is the founder and sole member of Wroxton Civic Ventures, LLC, which offers advisory services and impact investments to small and emerging social enterprises. She currently serves on the boards of Ocwen Financial Corporation, JBG SMITH Properties, OneMain Financial and Chemonics International.
Phyllis brings over 30 years of experience in housing and community development finance in the corporate, government and nonprofit sectors. She served at the U.S. Department of Treasury under President Barack Obama, where her team was responsible for implementing foreclosure prevention initiatives in response to the 2008 financial crisis. Previously, Phyllis was president and CEO of Washington Area Women’s Foundation. She retired in 2007 from Bank of America, where she held various executive roles including President of Community Development Banking.
Over the course of her career, Phyllis has served on several corporate and nonprofit boards including City First Bank of DC, Low Income Investment Fund (LIIF), Community Preservation and Development Corporation (CPDC) and Center for International Forestry Research in Bogor, Indonesia.
Phyllis received her MBA from the Robert H. Smith School of Business at the University of Maryland, College Park, and is an Executive-in-Residence at the Smith School. She holds a bachelor’s in sociology and urban planning, also from the University of Maryland, College Park.
Michael Berman (Former Member)
Michael Berman is the President and CEO of M&T Realty Capital Corporation, a national lender/servicer for multifamily and commercial real estate. He was the founder of Michael Berman Consulting, providing advisory services to the real estate finance industry. He previously served as a Fellow at the Harvard Joint Center for Housing Studies and at Wharton at the Penn Institute for Urban Research. Berman served on the Board of Directors for Enterprise Community Investments, and he served as a Senior Advisor at the US Department of Housing and Urban Development (HUD). Berman was the founder and was President and CEO of CWCapital.
Nicolas P. Retsinas (Former Member)
Nicolas P. Retsinas served as Director of the Joint Center for Housing Studies from 1998 to 2010. He was also a member of the faculty of the Harvard Business School, where he taught courses in housing finance and real estate in frontier markets, as well as being Senior Lecturer in Real Estate at the Harvard Graduate School of Design and the Harvard Kennedy School. Prior to his Harvard appointment, Mr. Retsinas served as Assistant Secretary for Housing-Federal Housing Commissioner at the United States Department of Housing and Urban Development and as Director of the Office of Thrift Supervision under President Clinton. Mr. Retsinas served on the Board of the Federal Deposit Insurance Corporation, the Federal Housing Finance Board, and the Neighborhood Reinvestment Corporation, and is a past Chair of the Board of Directors of Habitat for Humanity International. Mr. Retsinas currently chairs the Board of Directors of the Rhode Island Housing and Mortgage Finance Corporation and the Providence Housing Authority, and is on the board of the Center for Responsible Lending. He received his Master’s degree in City Planning from Harvard University and his AB in Economics from New York University. Mr. Retsinas also received a Doctorate in Public Service from Rhode Island College.