Enhanced Affordable Development Company was founded in 2002 and combined a unique mix of finance and development experience together with innovation and determination which play into the completion of successful developments.

Marc Gelman, Chief Executive Officer, guides the company in areas relating to acquisition, design and construction of all projects. Marc is known for his creative and effective planning, maximizing land and use potential in creating quality communities. He supervises all aspects of development and ensures the extraordinary quality of construction and punctual delivery of an outstanding real estate final product. Over the past 15 years, Marc has directed a wide variety of real estate development projects. With experience developing commercial and residential properties, he has built or redeveloped apartment communities, condominiums, for sale housing, and an array of senior living projects. From 1985-1990, he served as general counsel and Assistant Chairman of the Board to Long Beach Bank, where he managed the development and joint venture of over 2000 apartments units.

Ari Majer serves as CFO of Enhanced Affordable Development Co. Ari is responsible for the accounting and finance divisions, and has led 6 successful permanent loan conversions in the past three years, He has helped secure $170 million in various debt instruments including the issuance of over $125 million in bond financing. Under his supervision, Enhanced has closed eleven equity partnerships with multiple Syndicators totaling over $110 million in equity funds. After receiving his MBA from Johns Hopkins University in Baltimore, MD, Ari returned to Southern California where he joined a 15,000 unit multifamily Affordable Housing developer and manager. Ari has been with Enhanced Affordable Development Company since 2005.


4221 Wilshire Boulevard Suite 260, Los Angeles, CA 90010 | 323.634.0561
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