Announcing Ray Smith as New Partner and State Director for North Carolina

FAIRFAX, VIRGINIA (June 22, 2016) – Middleburg Real Estate Partners is pleased to announce the addition of Ray Smith as a Partner and State Director for North Carolina. Mr. Smith will manage the North Carolina office and be responsible for all development and acquisition activities in North Carolina.

“We are very excited to enhance our local presence in North Carolina with a highly experienced real estate professional to execute our development and investment strategy”, says Chris Finlay, Managing Partner.

Middleburg’s strategy is centered on providing high quality rental housing that caters to a broader spectrum of affordability. Middleburg’s selected sites offer unique, difficult to replicate attributes including walkable retail, close proximity to major employers, and/or outstanding accessibility.

“I’m thrilled to join the Middleburg team and we look forward to providing high quality housing in North Carolina, while at the same time making a positive impact in the community,” said Mr. Smith of his new role.

Prior to joining Middleburg, Ray Smith was a Director and Vice President for Wood Partners in the New York City, Boston, Charlotte, and Charleston markets. He oversaw affordable housing across the United States and was responsible for development and financing for new projects. He has been actively involved in thirteen multi-family communities with a total capitalization in excess of $400 million.

Mr. Smith also served as Vice President in charge of financing affordable housing developments at Bank of America, handling commercial real estate loan originations. In total, Smith has closed approximately $1 billion of real estate and derivative financing for income-producing properties.

Mr. Smith is a graduate of Bryant University with a bachelor's degree in Business Administration with a focus in Finance.

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