Preservation Equity Fund Advisors forms advisory board, names five inaugural members

  • Preservation Equity Fund Advisors formed an advisory board on May 19, 2026 to provide strategic guidance as the firm expands its affordable-housing preservation investment platform.
  • The inaugural members include Tony Breault, managing director of portfolio management at Ascentris, previously senior real estate officer at Oregon State Treasury.
  • Other appointees include Gena Cheng, founder of Prospect Avenue Partners, previously a senior executive at USAA Real Estate, JT Partners, and APG Asset Management.
  • The board also includes Lawrence J. Hass, an attorney at Difede, Ramsdell & Bender focused on private real estate funds, regulatory matters, and institutional investment structures.
  • Additional members include John Hurley, chief investment officer and co-founder of Penwood Real Estate Investment Management, Trisha Malone, president of Anton DevCo.


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