Affordable & workforce housing

Where investment meets impact

At Liam Moor, we are dedicated to owning and operating communities that expand access to quality, affordable housing. With over 75 years of collective affordable housing experience, our team has an exceptional industry network and deep market insight that allows us to implement the optimal strategy, with the right partners, at the right time.

About Us

Our Story

Liam Moor was formed in 2024 with a clear focus: to invest in and develop affordable and workforce housing. Collectively, our senior management team brings more than 75 years of experience in the management and oversight of LIHTC projects, including general partner interests in over 120 properties and 22,000 units, and has completed more than 2,000 transactions nationwide.

By reassembling a trusted team and launching Liam Moor, Adam Stein set out to meet a growing need: expanding access to quality, affordable housing while delivering strong, sustainable outcomes for our investors. Today, we are proud to continue that mission — investing in communities that create stability for families and lasting value for our partners.

Whether it's through preservation, recapitalization, or repositioning, our team has a proven track record of navigating the complexities of the Low-Income Housing Tax Credit (LIHTC) program and the broader structural, regulatory and tax implications with skill and expertise.

Why Invest With Us

  • Unparalleled Experience
  • Disciplined Investment Strategy
  • Mission-Driven Impact
  • Innovative Solutions
  • Skilled Team
  • Sustainable Growth
75+
Years of combined senior LIHTC experience
2,000+
Affordable housing transactions completed
120+
Properties with team GP interests
22,000
Units across those properties

Footprint

Communities across six states

Communities

Our Portfolio

Our portfolio reflects Liam Moor’s commitment to creating and preserving affordable communities that strengthen lives and neighborhoods, while also delivering long-term value and stability for investors. Each property is a testament to our mission of providing residents with opportunity, security, and a place to call home.

Liam Moor community in Boulder, Colorado

Boulder, Colorado

Liam Moor community in Boulder, Colorado

Boulder, Colorado

Liam Moor community in Kansas City, Missouri

Kansas City, Missouri

Liam Moor community in Cheyenne, Wyoming

Cheyenne, Wyoming

Liam Moor community in Richmond, Virginia

Richmond, Virginia

Liam Moor community in Muskegon, Michigan

Muskegon, Michigan

Liam Moor community in Muskegon, Michigan

Muskegon, Michigan

Liam Moor community in Columbus, Ohio

Columbus, Ohio

Liam Moor community in Columbus, Ohio

Columbus, Ohio

Leadership

Our Team

Our team has worked together for more than 15 years, with each member bringing unique strengths that complement one another and earning a reputation of collaboration, disciplined execution, and long-term results.

Adam Stein

Chief Executive Officer

Boulder, CO

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Adam brings over 20 years of affordable housing experience to his work as founder of Liam Moor, a firm he established to advance his deep commitment to the preservation of affordable and workforce housing.

Prior to launching Liam Moor, Adam managed and oversaw a Capital Transactions team responsible for more than 2,000 transactions. Under his leadership, the team handled acquisitions, asset dispositions, investment strategy, asset resolutions and workouts, and refinancing for both company-owned assets and assets held by funds under management. His advice, counsel, and recommendations were trusted and routinely relied upon by senior management, accounting, asset management, investor reporting, and tax teams across the organization.

Adam initially entered the affordable housing space underwriting affordable housing bond debt, an early grounding that gave him a deep understanding of capital structure and credit fundamentals. He went on to spend many years in asset management, navigating complex debt workouts and restructurings during the 2007–2011 financial crisis and structuring bond financing for affordable housing communities. That blend of underwriting roots, transactional depth, and workout experience continues to inform his approach today, particularly when stewarding properties through challenging market cycles.

Adam holds a Master of Science in Real Estate with an emphasis in finance and investment from the University of Denver, and a Bachelor of Science in Marketing with minors in Management and International Business from the University of Wyoming.

Outside the office, Adam’s greatest joy is time spent with his wife and their four children. Whether he’s coaching from the sidelines of a youth sports court, exploring the outdoors, catching a game, or traveling somewhere new as a family, Adam believes the same values that anchor his work — community, commitment, and the long view — start at home.

Christina Rich

Chief Investment Officer

Denver, CO

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Christina brings more than 10 years of affordable housing experience to her role as Chief Investment Officer. At Liam Moor, she leads acquisition underwriting and works across fund strategy, asset management, and investor relations.

Previously, Christina was responsible for the underwriting, analysis, and strategic planning for asset acquisitions and dispositions, debt underwriting and restructures, and fund investment strategy.

Prior to her time in affordable housing, Christina worked in both corporate and public finance for a large bank. She holds a BS in Finance and a BA in Economics from the University of Montana and an MBA, emphasis in Data Analytics, from Villanova University.

Outside the office, Christina loves discovering new places with her family and exploring the Colorado outdoors.

David Von Tilius

Chief Financial Officer

Denver, CO

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David has over 20 years of experience in real estate tax and accounting, including the last 12 years in affordable housing. David’s affordable housing experience includes being responsible for all tax-related matters, including filing of tax returns, calculating annual credit streams, first year credit issues, compliance, recapture and capital account issues. Further, David provided strategic advice to management and various business teams as to the tax implications of various structures and transactions which occurred or were proposed, in addition to being in charge of both corporate and fund accounting teams.

Prior to his extensive time focused on affordable housing, David spent 8 years working for a REIT with over $46 billion in assets in 26 different countries. David has a BS in Accounting from Metropolitan State College of Denver and a Masters in Taxation from the University of Denver. He is a certified public accountant in the state of Colorado.

When not working, David enjoys spending time with his wife and three sons. He also enjoys being outdoors (skiing in the winter and mountain climbing in the summer, as well as camping year-round), attending concerts and sporting events, and traveling.

Michael Dalen

Chief Legal Officer

Denver, CO

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Michael has over 12 years of affordable housing experience. Michael’s experience includes oversight and management of asset acquisitions and dispositions, debt refinancing, restructuring and underwriting, investment strategy, and fund- and property-level asset management. Michael provided legal analysis, oversight, and recommendations to various departments, including accounting, asset management, investor reporting, tax, and senior management.

Michael holds a BA in Journalism and Juris Doctorate from the University of Arizona.

When he’s not at work, Michael loves spending time with his dogs. When his dogs tell him he’s being too clingy and they need some space, he enjoys being a regular at his favorite restaurants, seeing concerts and stand-up comedy, and cruising the world.

David Wagner

Director, Acquisitions

Atlanta, GA

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David has over 30 years of multifamily real estate experience. Prior to joining Liam Moor, David’s experience includes raising capital for multifamily real estate investments, managing workforce housing brokerage teams, and extensive multifamily brokerage. Prior to his time raising capital and brokerage, David spent a decade acquiring, renovating, and stabilizing multifamily investments.

David has a BA in Liberal Arts from Purdue University.

When he’s not at work, David is on the go with his wife, keeping tabs on their two boys at Indiana University, while trying to keep up with their daughter, a High School Junior. Outdoor adventures, summers in Michigan, and traveling keep the Wagner family active and happy.

Derek Fazekas

Underwriting Manager

Denver, CO

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Derek has over 10 years of experience in affordable housing, including but not limited to providing analysis and oversight of affordable housing investments for various investment stakeholders. In addition, Derek has extensive experience in LIHTC compliance, mitigating tax credit risk, investment modeling, tax return analysis and capital account monitoring.

Prior to affordable housing, Derek worked in investment administration and corporate real estate.

Derek graduated from the University of Colorado. Outside of work, you may find him chasing birdies (if not eagles) at the golf course or trying out a new recipe.

Danny Walker

Acquisitions

Denver, CO

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Danny has over seven years of multifamily real estate experience. At Liam Moor, Danny’s responsibilities include originating, underwriting, and helping team members with the acquisition of Low Income Housing Tax Credit properties.

Prior to joining Liam Moor, Danny spent four years at an affordable housing brokerage firm, where he was involved in every step of the transaction process — including origination, underwriting, marketing, and closing — and contributed to $100 million in affordable housing transactions. Before working at the affordable housing brokerage, Danny started his career as an associate at a Senior Housing brokerage, where he prepared financial models and marketing materials for directors. Danny holds a Bachelor’s degree from the University of Illinois.

As a Chicago native who now calls Colorado home, Danny is happiest when the day ends outside. Whether on the golf course, hiking to scenery, or enjoying everything the Rockies offer, the Colorado sunshine makes it easy to enjoy the outdoors.

Rob Toews

Asset Management

Denver, CO

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Rob has more than a decade of affordable housing experience, beginning with more than 3 years in tax-exempt bond financing with a top 10 bank. Subsequent to his bond financing experience, Rob was involved in Partnership Governance, Asset Management and Capital Transactions activities for a large, national LIHTC platform where he managed more than 800 affordable properties and partnerships and was successful in completing more than 100 asset disposition transactions.

Prior to venturing into the affordable housing space, Rob worked in public finance for a regional investment bank and management consulting for a Big 8 audit/consulting firm. Rob has a BSBA in Finance/Marketing from the University of Denver.

Having grown up in Canada, Rob is unsurprisingly a hockey fan and enjoys trying to keep up with his alma mater, the DU Pioneers, as well as the local favorite, Colorado Avalanche.

Partners

Our Partners

We believe great outcomes are built through strong partnerships. We are grateful for the trust and collaboration of our partners, whose shared commitment makes our work possible.

Strategic Partners and Finance

  • Aegon
  • Beacon Management
  • Bear Creek Asset Management
  • Berkadia
  • Boston Financial
  • CAPREIT
  • CDT
  • CHFA
  • First Western Trust
  • Greystone
  • JLL
  • MHDC
  • MSHDA
  • City of Muskegon
  • Regenerant Housing Partners
  • Summit West
  • Twain Financial Partners
  • Vela Companies
  • Virginia Housing
  • WCDA
  • Wells Fargo

Professional Relationships

  • CohnReznick
  • First American
  • Holland & Hart
  • Husch Blackwell
  • Novogradac

Contact

Connect with our team

Whether you're an investor, a seller or broker, or a public partner, we'd like to hear from you.

Email
information@liammoor.com