FOR IMMEDIATE RELEASE
August 21, 2023
Contact: Emma Balaguer
Beacon Communities Hires Industry Veteran Tim Sullivan as Chief Administrative Officer (CAO)
Boston, MA – Beacon Communities, an industry leader in affordable and mixed income property development, today announced it has hired Tim Sullivan, formerly of UBS and MassHousing, as Chief Administrative Officer (CAO). In his new role at Beacon, Mr. Sullivan will be responsible for the overall financial strategy and oversight of Information Technology, Human Resources, Accounting and Finance.
Bringing extensive knowledge and deep financial expertise to Beacon, Mr. Sullivan most recently served as Managing Director and Head of the Housing Finance and New England Region for the Public Finance Department at UBS. Before joining UBS in 2017, Mr. Sullivan spent fifteen years at MassHousing, where he served as the Executive Director, Deputy Director, Head of Rental Lending, and CFO. Mr. Sullivan also has significant experience working in the Massachusetts government, including serving as the State’s Budget Director and Finance Director.
“We are absolutely thrilled to add Tim to the leadership team at Beacon,” said Dara Kovel, Beacon’s Chief Executive Officer. “With his deep experience, relationships, and long history in affordable housing in Massachusetts and the Northeast, Tim will be a valuable asset to Beacon as we continue our mission of creating outstanding communities that positively impact the lives of our residents.”
Mr. Sullivan is active in his hometown of Brookline, having previously served in a variety of roles including as a Town Meeting Member, on the Housing Advisory Board, as the PTO Treasurer of the Baker School, and as a Board Member and Treasurer of the Coolidge Corner Theatre Foundation. Mr. Sullivan has also served on numerous State Boards, including the MBTA’s Fiscal Management and Control Board, the Comptroller’s Advisory Board and CEDAC. He is a graduate of Union College and received his Master’s from the McCormack Graduate School of Public Affairs at UMass Boston.
About Beacon Communities LLC
Beacon Communities LLC is a privately owned real estate firm that develops, acquires, invests in, and manages a wide range of multi-family housing. Their portfolio includes affordable housing, market rate housing and mixed income housing. Their developments range from new construction, to historic adaptive reuse, to the renovation of existing housing. They take on challenging developments and make them succeed. Their driving passion is to create well-designed, healthy homes that improve the quality of life of their residents and enhance the neighborhoods in which they are located. For more information about Beacon Communities LLC please visit www.beaconcommunitiesllc.com.Back to All News