Since entering the real estate industry in 2002, Tom Lungin has been involved in the acquisition of over $250 million worth of commercial real estate. His primary emphasis has been affordable housing for the elderly.
With CCI, Tom has undertaken the responsibility of identifying suitable properties, underwriting them, negotiating the purchase and sale agreements, putting the properties under contract, helping to ensure a smooth and successful closing, as well as staying on in a consultant capacity to oversee the management of the aforementioned properties. With a portfolio of over 7,000 units to date, almost every property Tom has underwritten and participated in continues to cash flow positively as projected. He continues to pursue Affordable Project Based Section 8 properties, 515 RD, PRAC, Market-Rate, and development deals, as well as any additional real estate opportunities.
It has been and continues to be Tom’s personal mission to preserve and promote affordable housing and to provide added services while enhancing the tenant’s personal wellbeing as they continue to age in place. He continues to pursue this effort by serving as President of several Non-Profit entities that offer affordable housing throughout the Los Angeles area and beyond.
Tom studied International Business at San Diego State University and has since then lived in Los Angeles, San Francisco and Prague, Czech Republic.