Member Directory

Ryan Sfreddo
Ryan Sfreddo is Managing Director of Investor Relations for Red Stone Equity Partners, LLC, and is responsible for the structuring, marketing and closing tax credit investments for the firm’s institutional clients. Prior to joining Red Stone, Ryan was a Managing Director of Centerline Capital Group (f/k/a Related Capital Company) where he oversaw its tax credit fund management business consisting of structuring, marketing and closing its institutional tax credit investment funds. Since 2002, Ryan has played a significant role in raising more than $5 billion of institutional equity for tax credit investment funds. Prior to 2002, Ryan was responsible for the acquisition of properties financed with Low Income Housing Tax Credits and/or Historic Tax Credits, having directly participated in the structuring, negotiating, and closing of more than 200 real estate transactions, resulting in more than $1 billion of net equity investment and the creation and/or preservation of more than 25,000 residential apartment units. Ryan received a Bachelor of Science degree, summa cum laude, with concentrations in both Finance and Pre-Medical Studies, from Boston College.
Phillip Stoffregen
Mr. Stoffregen is one of three principal owners in the Pedcor Companies. He has been involved in commercial and residential development and financing since 1984. He current serves as Executive Vice President and COO of Pedcor Investments, LLC where he takes the lead in overseeing Pedcor's affordable housing development, finance, construction, and management activities which are national in scope. Pedcor has developed and owns more than 15,000 apartment units in 15 states and is among the nation's most prolific and respected affordable housing developers/owners/managers. In 2012, Mr. Stoffregen joined the Urban Land Institute (ULI), a nationally recognized organization in the fields of development, land use and urban planning, where he is a member of the Affordable/Workforce Housing Council. Mr. Stoffregen has also served as a director of the Martin Luther King Community Development Corporation and as a founding member of the board of directors for Coburn Place Safehaven, Inc., a not-for-profit operating transitional housing with substantial supportive services for victims of domestic violence.
Beth Stohr
Elizabeth (Beth) M. Stohr is President/LIHTC Director of U.S. Bank Community Development Corporation (USBCDC) managing all new investments in affordable housing for USBCDC. USBCDC is an active direct LIHTC investor. USBCDC makes tax credit-based investments (Section 42, historic, New Markets, alternative energy) nationwide, with over $13 billion composed of direct and certain fund investments. Stohr has been in real estate finance since 1980 working at predecessor banks to U.S. Bank as well as Continental Bank in Chicago and Boatmen’s Bank in St. Louis (both now Bank of America). She has been with U.S. Bancorp CDC since March 1997. Stohr served as the 2008 President of the Affordable Housing Investors Council. She currently serves on the board of the Affordable Housing Tax Credit Coalition as well as the board of Enterprise Investments. https://www.usbank.com/commercial-business/tax-credit-financing/
Al Stonitsch is a Managing Director responsible for Structured Housing Investments at J.P. Morgan in Chicago. The group has invested billions of equity in LIHTC transactions utilizing structures including guarantees, contingent payments, and partnership flips and was the exclusive placement agent for a major guaranteed housing firm for over decade. Al joined First Chicago (a J.P. Morgan predecessor firm) in 1992 and is now in JP Morgan’s Tax Oriented Investments group, which invests in tax credit transactions involving affordable housing, alternative energy, and historic rehabilitation. Prior to joining First Chicago, Al was a tax attorney at Kirkland & Ellis, specializing in private equity transactions. Al graduated from the University of Illinois at Urbana-Champaign with a BA in Accountancy (High Honors) from the College of Business and a J.D. (Magna Cum Laude) from the College of Law.