Tredway expands team with two new hires: Wheeler and Radick

 

 

Manhattan, NY Tredway, a real estate developer, has made the addition of two new hires: Katie Wheeler as vice president, investments and Alex Radick as investment associate. At Tredway, Wheeler and Radick will join a dynamic team dedicated to creating, preserving, and revitalizing affordable and mixed-income housing across the US. Founded in 2021, Tredway has a portfolio of over 6,000 homes and 12,000 under contract and closing this year. 

“As we continue to expand our robust portfolio, Katie Wheeler and Alex Radick will bring invaluable expertise to Tredway, helping us deliver much-needed affordable homes across the country,” said Will Blodgett, founder and CEO of Tredway. 

“With deep experience working with Section 42 LIHTC, Section 8 and mixed-income communities, their backgrounds align perfectly with our mission. We look forward to welcoming Katie and Alex to our team at Tredway!” 

Prior to joining Tredway, Wheeler served on the affordable acquisitions and development team at the Related Companies, where she executed the acquisition, preservation, and rehabilitation of over 2,200 affordable housing units across the country. In this role, she focused on properties benefiting from project-based Section 8 and structured transactions leveraging tax-exempt bonds issued by various state housing agencies and local issuers, 4% Low Income Housing Tax Credits, Historic Tax Credits, Solar Investment Tax Credits, and soft financing from local partners. Katie began her career in the non-profit sector at Habitat for Humanity Greater Boston and the Housing Partnership Network.

Wheeler holds a BA from Dartmouth College, MBA from the University of Michigan’s Ross School of Business, and MPP from the University of Michigan’s Ford School of Public Policy.

Prior to Tredway, Radick worked on the Real Estate team for Blackstone’s $13 billion Affordable Housing portfolio, overseeing the performance of roughly 80,000 units across the United States, with a primary focus on Section 42 LIHTC, Section 8 and mixed-income communities. In that role, he supported major recapitalization efforts including refinancings, dispositions, GP interest acquisitions, and the onboarding of new portfolio investments. 

As Wheeler and Radick join Tredway, the company has several exciting projects in the pipeline. Projects include Concourse Village East in the South Bronx, where Tredway is moving forward with a three-phase master plan that will rehabilitate the existing 202 homes while adding 600 affordable and supportive housing units across two new buildings on an adjacent site. In Coney Island, Tredway acquired Sea Park, a three-building campus with 816 affordable apartments, where it will similarly extend affordability to all homes, implement critical infrastructure improvements, and build up 300 affordable senior homes at an adjacent site. 

Recently, Tredway unveiled 97 renovated affordable apartments for seniors at Greene Clermont Houses in Fort Greene Brooklyn, part of its 193 unit portfolio in the neighborhood. In Far Rockaway, Tredway worked with the NYC Department of Housing Preservation & Development to stabilize the rents and extended affordability for an additional forty years at Ocean Park Apartments, a family-designated 602-home development. 

Beyond New York City, Tredway has expanded its footprint with acquisitions in Indiana, Michigan, New Jersey, Nevada, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and West Virginia, bringing high-quality affordable housing to communities across the country.