Sanctuary Residential is a Charlotte, North Carolina and Atlanta, Georgia based real estate company that specializes in acquisition and development of affordable and market rate housing in southeast markets of the United states.
Both Bernard Felder and Brian King have more than 30 years of experience sourcing, structuring and financing opportunities and have developed more than 6,500 housing units worth more than $650 million. Sanctuary Residential was founded to address the needs of households whose housing cost burden is rising, to develop new communities, and to acquire value-add neglected communities.
Recognizing that traditional multifamily housing is not, and should not be, the sole means toward achieving affordable housing goals that so desperately need to be addressed, Sanctuary Residential formed its Choice Communities division to specifically focus on manufactured and modular housing platforms throughout the Southeast. This strategy will focus on acquisition of value-add opportunities as well as development of new communities.
Leveraging deep knowledge of the affordable housing industry, development practices and construction as well as strong, long lasting relationships with lenders, investors and municipalities, Sanctuary Residential seeks to maximize opportunities in all markets. The company values partnership and seek to develop joint venture opportunities with cities and counties, public housing authorities and local nonprofits.
Bernard Felder has been providing high-quality affordable housing to mixed-income families and seniors since he was a graduate student in Urban and Regional Planning at the University of North Carolina. Felder’s passion was ignited when, as a Graduate Fellow with the U.S. Department of Housing and Urban Development, he helped develop the first low-income housing tax credit development project for seniors in Durham, North Carolina. He continues to focus on affordable multi-family housing because he believes it is the most needed and least addressed aspect of the development industry.
As the managing and Southeast regional director for Wood Partners’ Specialty House Group from 2001 until 2013, Felder led the development of more than 6,000 multifamily units worth more than $650 million. As senior vice president at Bank of America Community Development Corporation, he developed affordable and mixed-income housing projects throughout the Carolina's and managed the $300 million Bank of America Housing Fund.
Felder began his career working in land management and corporate real estate for Duke Energy Corporation. He is a past vice chair of the Urban Land Institute’s National Affordable Housing Council, a member of the American Seniors Housing Association and has served on the boards of the Charlotte-Mecklenburg Historic Landmarks Commission and the Mecklenburg County Board of Tax Equalization and Review.
Brian King has over 30 years of finance and real estate investment experience. After earning an MBA in finance from The Wharton School at the University of Pennsylvania, King began his career in banking at Chemical Bank in New York and later Houston in the oil and gas division. King was later recruited to Chicago to lead an investment team to complete a $125MM leveraged buyout of the largest independent beverage company in the City.
After successfully managing the disposition of the investment firm's assets, King joined the venture capital firm of the Chicago Capital Fund as Director of Mezzanine products. In addition to managing the debt products, King successfully turned around one of the CCF's investment companies, Genesis Communications, and was named Entrepreneur of the Year by Ernst & Young in 1994. King's finance career led him to join the boutique investment bank of P.E. Capital, an Atlanta-based investment bank involved in real estate investment and acquisitions. In addition to financing traditional real estate investments, King managed a $300MM Department of Education's Capital Investment Program. King also led the $160MM financing for the acquisition and re-imaging of 100 Church's Chicken Restaurants throughout the Midwest.
King joined SR in 2014 as Director of Real Estate Development and oversees the Atlanta office. King is also an adjunct professor of Real Estate Finance and Investments at his alma mater Morehouse College where he graduated Summa cum Laude in Finance and Accounting.