Josiah leads DiPerna’s real estate development and public-private partnership (“P3”) financial advisory practice, delivering highly structured and unique financial solutions for its commercial real estate developer and Port Authority clients. Since 2012, Josiah has led or assisted in the structuring and closing of over $1 billion in P3 capital for its clients. Often monetizing revenue streams through the issuance of revenue bonds, Josiah consistently structures revenue bond offerings that are salable in the Capital Markets without any governmental credit enhancement. Recent accomplishments include serving as structuring agent in raising over $140 million in P3 capital for the master-planned Bridge Park community in Dublin, OH; closing $21 million in tax increment revenue (“TIF”) anticipation notes for the Red Cedar master-planned brownfield redevelopment adjacent to Michigan State University, closing of TIF bonds for a spec industrial warehouse facility in Aurora, IL, and closing of approximately $100 million in special parking revenue backed bonds for various parking facilities in Cincinnati, OH over the course of the past three years.
Harnessing DiPerna’s long-history of financial innovation, Josiah has created custom financial products for some of his clients in response to their development and portfolio challenges. In Cincinnati, OH, Josiah guided the formation of a master parking facility program in which his client will pool its parking facility portfolio into a cross-collateralized, open trust indenture, allowing the client to issue notes to capitalize the assets on a long-term, fixed rate basis at institutional interest rate levels (which are/were much lower than the original debt costs). Seeking to disrupt the growing C-PACE financing arena, Josiah partnered with a financial institution in creating a C-PACE financing program with distinctive financing terms that are tailor-made for new construction development projects that most other C-PACE financing programs cannot offer given their organizational constraints.
Josiah graduated from Ohio Wesleyan University with a Bachelor of Arts degree, concentrated in Finance, Accounting and Economics. He sits on the Bridge Park New Community Authority and Randall Residence New Community Authority Board of Trustees. He maintains a FINRA issued Series 50 license and is studying to obtain his Chartered Financial Analyst (“CFA”) designation from the globally acclaimed CFA institute (currently a level 3 candidate).