Christopher R. Scanlan
Christopher R. Scanlan
During his tenor at a national brokerage company, Mr. Scanlan noticed a lack of competition in the affordable housing market, which was causing a significant negative monetary impact on sellers of apartment assets. He was confident he could do a better job of bringing value to sellers, especially since the differences in value were not just a few thousand dollars, but rather, in the range of $600,000 to nearly $2,000,000 per project. After further investigation, he found the same deficiencies throughout this vertical. This is when he decided to leave that National brand company to head up The LIHTC Group, Inc. and devote his time to creating value through strategic marketing, competition and fast flexible service that is not bogged down by corporate structures that are inefficient and instead meet the needs of regional and national investors within the Affordable Housing sector.
Mr. Scanlan has been an entrepreneur his entire life. While still in his sophomore year of high school he started a drafting and design engineering company from the garage of his mother’s home in Wheeling, Illinois to buying his first dry cleaning shop at age 20, he has had a burning desire to be a leader in everything he does. Mr. Scanlan purchased a failing dry cleaning store in suburban Chicago and built that to three stores before selling those to a competitor. He then, took those profits and purchased his very first investment property at age 21. It was a two flat in a far west suburban area of Chicago. He then decided to get his real estate license after he had completed the purchase of nearly 40 properties for his own account. He kept buying, managing, rehabbing, holding and flipping throughout the years and ultimately ended up with more than 125 apartment units while earning top broker awards throughout his career and even being invited to serve on the board of directors for the County Realtor association for which he served from 2004 through 2007. In 2008 he got the attention of Marcus & Millichap, the largest real estate investment brokerage company in the country and the manager of their Chicago office who invited him to join their firm. There, Mr. Scanlan learned about the opportunities in Affordable Housing and more importantly, what he felt was missing in the brokerage market place of this vertical. This is when Mr. Scanlan decided to leave the national brand and head up The LIHTC Group in 2010. Today, The LIHTC Group, Inc. has offices in Chicago on Michigan Avenues “Magnificent Mile” and in Naples, (Southwest) Florida where he now employs top brokers from both Marcus & Millichap and CBRE who share in his vision to cooperate and collaborate all their efforts in bringing exceptional value to the owners, investors, developers and syndicators of Affordable Housing and market rate assets in the multifamily investment community.