INDIANAPOLIS (April 16, 2019 ) – The Annex Group, LLC, a leading student and affordable housing developer, has formally announced the promotion of Sam Hurley to Chief Financial Officer of The Annex Group®. Since stepping into this role, Hurley continues to source debt and equity platforms for upcoming developments, while overseeing all finance and accounting functions and navigating existing projects through the closing process.
Previously, Hurley served as the director of finance for The Annex Group® where he played a significant role in the company’s growth and overall impact on emerging communities. While in this role, Sam financed over $50 million in new developments, including a 146-unit affordable housing transaction and a 118-unit purpose built, multi-family housing complex that served as one of the first off-campus properties to be financially structured leveraging the recently implemented Investing in Opportunity Act. The Act authorized the designation of opportunity zones in low-income communities and provided tax incentives for investments.
In his new role, Hurley is responsible for identifying optimal debt and equity candidates, developing the company’s financial and operational strategy, and managing the capital and budgeting processes.
“Over the past year, Sam has made significant contributions to the growth and success of The Annex Group,” said Kyle Bach, CEO of The Annex Group, LLC. “His relentless work ethic and unwavering dedication make this a well-deserved role at The Annex Group® and we’re confident Sam’s leadership capabilities and vast knowledge of finance will further assist our organization in achieving our goals.”
Hurley is a 2013 graduate of Indiana University Bloomington where he earned a Bachelor of Science in accounting and finance. He also serves as a licensed CPA in the state of Indiana.
ABOUT THE ANNEX GROUP®
The Annex Group® is a leading student and affordable housing developer with a focus on providing innovative, amenitized housing in emerging markets throughout the United States. The Annex Group® encompasses a vast portfolio of communities valued at more than $250 million. Serving as a catalyst for economic development, The Annex Group® has overseen nearly $1 billion in commercial projects including redevelopment and ground-up construction. The Annex Group® is proudly headquartered in Indianapolis, Indiana. To learn more about The Annex Group® follow them on Facebook and LinkedIn.