"Goals allow you to control the direction of change in your favor."
James Angelica brings 12+ years of investment banking and real estate-related experience to the Allied team. As a Principal and CFO of Allied Argenta, James is responsible for overseeing the underwriting and financial modeling of acquisitions and recapitalizations, arranging for debt financing and equity capital for new projects, and managing all real estate assets post-closing.
James began his real estate career working as an associate for a London-based, $5 billion private equity fund targeting large, European property portfolios. He subsequently went on to become the Finance Director of a non-profit affordable housing developer where he helped acquire, finance, and manage, approximately 1,000 apartment units in a two-year period. Later, as a Vice President with a major equity syndicator and leading sponsor of affordable housing tax credit partnerships, James supervised the acquisition and early stage development of multi-family 4% and 9% tax credit properties throughout the United States and helped manage several key investor relationships.
Immediately prior to joining Allied, James worked in the fixed-income group of a prominent Wall Street investment bank where he assisted municipal issuers structure and bring to market a variety of tax-exempt obligations, including general obligation bonds, lease revenue bonds, and land-secured financings, among others. In addition to his work with traditional public agencies, James also continued to work extensively with affordable housing developers and local housing authorities to arrange for debt financing – typically private activity bonds or 501(c)(3) bonds – and alternative forms of equity capital, such as 4% tax credits. James is experienced with a variety of bonds structures (e.g., fixed/variable-rate debt, forward delivery products, swaps, etc.) as well as alternative forms of credit enhancement such Fannie Mae, Freddie Mac, and HUD.
Outside of his experience with tax-exempt debt and low income housing tax credits, James has also arranged for the financing of more than $50 million of solar photovoltaic projects (roughly 8 MW) utilizing renewable energy investment tax credits. He has worked closely with large commercial electricity users (primarily school and community college districts) to evaluate solar installations as well as alternative capital structures and has addressed interested parties on such subject matters at conferences throughout California.
James holds an MBA from London Business School as well as an AB in economics and history from Stanford University where he graduated with honors. James is married and currently lives in Santa Monica, California.