Executive Vice President and CFO
As Executive Vice President and CFO of Blue Sky, Mr. Macdonald is responsible for overseeing project underwriting, managing debt and equity relationships, closing the company’s transactions, and overseeing project management after closing. Additionally, he handles the corporate finance responsibilities for the company. He is also in charge of the firm’s expansion into the Texas market.
Since joining the firm in 2014, he has closed 12 transactions with total project costs of $250 Million. These transactions have lead to the creation and preservation of over 1,500 affordable housing units.
Before joining Blue Sky Communities, Mr. Macdonald was a Vice President with Seminole Financial Services in Belleair Bluffs, FL. While there he underwrote, closed and managed a $120M portfolio of debt and equity investments in commercial real estate and renewable energy assets. His portfolio included 725 market-rate and LIHTC multifamily units nationwide.
Mr. Macdonald began his career with Bank of America in the commercial real estate training program where he completed a year-long program focused on advanced real estate finance, credit, accounting and underwriting. During this time he began underwriting, closing and managing a portfolio of over 1,000 multifamily units across the country. Additionally, he managed approximately $200M in mortgage banking lines of credit for DUS and LIHTC syndicators to finance the development of market-rate and affordable housing communities.
In 2009, Mr. Macdonald joined the commercial real estate workout group at Bank of America to resolve a portfolio of distressed construction and acquisition loans. While there he helped manage a $400M portfolio of 2,000 market-rate, LIHTC, and student housing units nationwide.
- Bachelor of Science in Business Administration and Finance, Boston University
- Master of Business Administration, University of Florida
- Member of ULI Affordable Workforce Housing Council
- Past Chairman of the City of St. Petersburg Housing Policy Group
- Current Chairman of the City of St. Petersburg Affordable Housing Advisory Committee
- HCCP from NAHB