Richard R. Cundiff, III - Vice President and Managing Director of Investment Banking

Rick joined Townsend Capital in 2004, bringing with him nearly a quarter century of real estate investment banking experience, plus vast expertise in the financing and capitalization of real estate projects and companies.

Rick has helped raise all forms of real estate capital, including private and public debt and mortgages, common and preferred equity and mezzanine financing. As managing director at McDonald Investments, a Key Corp. subsidiary, Rick founded the firm's tax credit practice, raising hundreds of millions of dollars from corporations to invest in affordable housing and historic tax credit properties. He was integral in advising the firm's Real Estate Investment Trust (REIT) clients on initial public offerings, secondary offerings, preferred stock issuance and corporate and mortgage debt placements. He was named head of McDonald's Credit Tenant Lease practice in 1998, placing over $5 billion of financing. Rick has spearheaded Townsend's efforts to form a Community Development Entity (CDE) and utilize New Market Tax Credits (NMTC). With Townsend's successful bid for 2006 NMTC allocation, Rick is responsible for raising the equity from corporations that wish to invest in qualified NMTC projects.

Rick graduated from the University of Toledo with a bachelor of arts in finance and economics. He has served as a member of the board of trustees of Recovery Resources, the Lake Erie Nature and Science Center, and the local council of the Boy Scouts of America.