Stratford Capital Group Names Miles Hapgood Senior Vice President

Peabody, Massachusetts, March 26, 2010: (“Stratford Capital”) is pleased to announce the hiring of industry veteran Miles M. Hapgood, III.

Miles M. Hapgood, III has joined Stratford Capital as Senior Vice President. He is a member of Stratford Capital’s affordable housing property acquisitions team, focused on property acquisitions nationwide.

With over 20-years experience in the Low-Income Housing Tax Credit industry, Mr. Hapgood brings highly recognized leadership, strong interpersonal skills and 30 plus years of real estate experience to the position. His background includes originating, structuring and closing all types of affordable housing projects. Prior to joining Stratford Capital, he served as vice president and principal for a major national affordable housing syndication firm for over 29-years. He holds a Bachelors degree from Babson College.

Stratford Capital is a four year old Boston based real estate investment and development firm whose principals have over 100 years of combined experience in all aspects of affordable and conventional multifamily rental housing. Stratford Capital’s current multifamily rental housing portfolio consists of 5,648 units in fifteen states and the District of Columbia.

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I have worked with the principals of the Stratford Capital Group for several years and have invested in a number of their multifamily offerings as an economic joint venture partner, for tax credits and also as a bridge loan participant. They are disciplined, know what the objectives are and detailed from an asset management perspective. Our relationship has been rewarding, and throughout it, they have treated us like partners.
Jon B. Weinberg, Managing Director
Summit Investment Partners