Derek DeHay is a director with Newmark Knight Frank’s Affordable Housing Group. He joined the team in 2010 and has been involved in the valuation and disposition of over $3 billion of affordable housing properties across the country. Mr. DeHay’s current role includes working with developers, syndicators and direct Low-Income Housing Tax Credit (LIHTC) investors on disposition strategies of properties in the LIHTC program, the Project-based Section 8 program and the USDA Rural Development program.
Prior to joining Newmark Knight Frank, Mr. DeHay worked for a private multihousing investment group participating in the acquisition and redevelopment of distressed assets in the Southeast. In this position he received a general contractor’s license in multiple states and renovated over 2,000 units. Previously, Mr. DeHay also worked as a financial analyst for a LIHTC investment and asset management firm providing investment management to corporate limited partners that were invested in LIHTC’s. He brings to Newmark Knight Frank firsthand experience in multihousing property repositioning as well as an intricate knowledge of the investor expectations and complex structure of a LIHTC investment.
Mr. DeHay graduated from the Hankamer School of Business at Baylor University with a Bachelor of Business Administration degree in finance and real estate and he is a CCIM candidate.