Mr. Rahmandar is the Director of Finance for Magnolia Capital, a nationally focused multifamily investor based in Chicago.
Prior to joining Magnolia Capital, Mr. Rahmandar worked at Eagle Realty Group. In this role, he managed the accounting and reporting for 50+ joint venture developments in multifamily and hospitality projects totaling over $1B in assets. He also served as the financial liasion to the Asset Management group and implemented the Yardi Investment Management module, allowing more efficient tracking of investment preferred returns and cash flow waterfalls. Previously, Mr. Rahmandar held roles at The Lionstone Group where he was intimately involved in the accounting, internal and investor reporting, cash management, budgeting, investment valuation, and return modeling for three institutional capital joint venture funds totaling $500M in assets. Mr. Rahmandar also served as Treasurer on the Hyde Park Tennis Club’s board of directors and is a member of the AICPA and IL CPA Society.
Mr. Rahmandar earned his Bachelor’s degree in Accounting and Master’s degree in Finance from Texas A&M University and holds a CPA license in the state of Texas.