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New York & Tri-State  + New York  + Finance  |  July 6, 2023
Emily Fu
By: Emily Fu

Red Stone Equity Partners Announces Executive Leadership Transitions 

Red Stone Equity Partners, a real estate finance and investment company specializing in affordable multifamily fund management, has announced executive leadership transitions. Founder and CEO Eric McClelland will become executive chairman, while Ryan Sfreddo will be promoted from president to CEO, and Michael Wiggers from CFO to president & CFO, effective July 1, 2023.  

Sfreddo, with 25 years of real estate and affordable housing experience, will oversee the firm’s operations and client relations. Wiggers, with 26 years of accounting and real estate experience, will be responsible for financial and operational matters.  

Red Stone Equity raised $445 million in Low-Income Housing Tax Credit equity and invested in 27 affordable housing communities in the first half of 2023. 

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Inside The Story

Eric McClelland Ryan SfreddoMichael Wiggers

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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