Paul Connolly Managing Director


Paul Connolly is an Managing Director of R4 Capital responsible for acquiring LIHTC properties in the Mid-Atlantic and Midwest.

Paul has a wealth of experience in originating housing tax credit properties and in affordable housing development.  He has worked in LIHTC syndication for more than 25 years and has closed LIHTC transactions representing more than $2.5 billion of net invested equity.

Before joining R4 in 2011, Paul was Vice President of Acquisitions at PNC Real Estate where he managed the origination and acquisition of LIHTC properties across the Mid-Atlantic and Midwest regions. Previously, he was an acquisitions officer with National Equity Fund. Paul also worked for Allied Irish Bank, where he consulted with non-profit organizations developing affordable housing, and Lutheran Social Ministries of New Jersey, where he led a development team in the production of affordable housing.

Paul earned a BS in Economics and East Asian studies from New York University and an MA in City Planning from the University of Pennsylvania.