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Management
Maxwell Drever, Chairman – Concierge Asset Management, has been a value-added real estate investor for nearly 40 years. Beginning in the early 1970s, Mr. Drever initiated his first counter-cyclical play via profitably transforming 17 troubled Seattle apartment complexes into desirable communities. For the last 30 years, in going from one economically distressed market to the next, he has been fortunate to work with the same transformation design "dream team" and key asset management and reconstruction specialists. During the last cycle, Concierge's portfolio consisted of 79 apartment communities with 18,000 units. In October 1997, this portfolio was merged into Walden Residential Properties, Inc. (NYSE), which was subsequently sold. After completion of a three-year non-compete period, Mr. Drever reopened Concierge. Currently, with Mr. Drever's long-standing team of specialists, Concierge is transforming potential value-added apartment communities into affordable and attractive workforce housing. In addition, as the primary investor, Mr. Drever helped launch Argus Realty Investors. Argus has provided over $1 billion in stabilized properties to IRS Code § 1031 investors.
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Ted M. Kerr, Jr.
President – Chief Executive Officer
Contact:
713.439.1773
ted@drever.net
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Mr. Kerr has rejoined Concierge as its President and Chief Executive Officer. He is responsible for acquisitions and oversight of all operational aspects of Concierge including due diligence, construction, asset leverage, property management, asset management, and surveillance. He has over 20 years of experience in apartments that encompasses asset management, property management, acquisitions, dispositions, finance, and development. Between 1992 and 1997, Mr. Kerr served as Director of Asset Management with Drever Partners, Inc. (Concierge was the property management company). During his tenure, the Drever portfolio doubled in size to more than 18,000 units. In 1997, Drever Partners and its 18,000 apartment units were merged into Walden Residential Properties. After the merger, Mr. Kerr was Walden’s Executive Vice President of Property Operations and responsible for managing its 43,000-unit multifamily portfolio. After Walden went private, Mr. Kerr served as Senior Vice President and Chief Investment Officer for Olympus Real Estate Partners’ $1.8 billion multifamily portfolio. In 2004, he joined Coach Realty Services and became its President. In this position, he oversaw the development and leasing of four new multifamily properties; the acquisition, redevelopment, and sale of two existing apartment properties; and the management of a 3,000-unit apartment portfolio. Mr. Kerr also previously served as Vice President in Bank of America’s real estate group in San Francisco and as a member of the Board of Directors of the National Multi Housing Council.
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Myra T. Rega, CPM®
Chief Operating Officer
Contact:
713.439.1773
myra@drever.net
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Myra Rega, CPM®, serves as Chief Operating Officer. She is in charge of asset management, construction, and approving the acquisition underwriting before a property goes to the investment committee for approval. She also oversees the complete underwriting and due diligence process, and works with all departments to facilitate efficient and timely communication and accuracy of information. Ms. Rega has over 23 years of experience in the multifamily real estate industry, including the renovating and repositioning of properties, leasing of new construction, and property development. Before joining Concierge, Ms. Rega was Regional Vice President with Walden / Concierge with a portfolio of over 22,000 apartments. Prior to Walden / Concierge, she was Regional Vice President with Concierge Management (a Drever Partners affiliate) and Executive Vice President with United Dominion, for whom she managed 12,000 apartment units.
Mr. Baker, as Chief Financial Officer, is responsible for all financial aspects of Concierge, its properties and its funds. He is an English Chartered Accountant, having qualified in 1986, and has extensive experience from his positions as Chief Financial Officer of a residential mortgage lender (which had $4 billion of on book assets) and of the UK’s largest privately owned Internet Service Provider, and in corporate finance with the UK’s largest residential real-estate brokerage company. His financial and corporate finance skills include acquisition evaluation and negotiation, budgeting, compliance, financial control, and financial management. On moving to the U.S. in 2003, he became involved as a principal and co-promoter in industrial and commercial property ventures before joining Concierge in 2005. Mr. Baker holds a degree from the University of Cambridge. He resides in the San Francisco Bay Area, CA with his wife and children.
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Mike Wurst
General Counsel
Director – Captital Markets Investments
Contact:
214-850-9063
mike@drever.net
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Mr. Wurst serves as Director – Capital Markets Investments and as in-house Counsel. He is involved in acquisitions with a particular focus on bankruptcy transactions, asset management, initial in-house asset-related legal matters, and prospective in-house, asset related legal support. Prior to joining Concierge, Mr. Wurst focused on maximization of value recovered and harvested in the CMBS, distressed investing, and traditional balance sheet lending contexts. He has extensive national commercial bankruptcy and commercial real estate workout experience as a practicing lawyer (having represented debtors, creditors, and trustees, as well as serving as a bankruptcy trustee), preceded by stints as a law clerk for two U.S. Bankruptcy Judges. For the past five years he has focused on a series of business roles, beginning with Criimi Mae, Inc. as co-chair of the equity security holders' committee in Criimi Mae's Chapter 11 bankruptcy case and thereafter as a member of Criimi Mae's board of directors; and with ORIX Capital Markets, where he ran proprietary special servicing and oversaw major litigation against borrowers and others.
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Michael T. Oliver CFA
Executive Director – Business Development
Contact:
425.223.2725
mikeo@drever.net
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Michael T. Oliver, CFA has rejoined Concierge as Executive Director – Business Development. He recently retired from the Alaska State Pension Investment Board (“ASPIB”), Real Estate and Private Equity, where he was the State Investment Officer responsible for the real estate, agriculture, energy, hedge funds, and private equity investments for ASPIB, which amounted to about $2.5 billion in investments and commitments. Mr. Oliver has spent the last 38 years primarily involved with all aspects of investing in direct real estate and indirect real estate (publicly traded real estate securities). From 1993 to 1997, he was the Director of Drever Partners. He has also held various analytical and portfolio management positions with Morgan Guaranty Trust Company of New York, Alex. Brown and Sons, JMB Institutional Realty, and Kennedy Associates Real Estate Council. Mr. Oliver was a co-founder and Chairman of PRA Securities Investors, RERC Capital Markets, and MPAC Capital Investors.
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Charlene (“Charlie”) Geiss
Director – Equity and Investment Finance
Contact:
713.439.1773
charlie@drever.net
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Ms. Geiss is Director – Equity and Investment Finance and primarily responsible for raising investment capital as well as identifying and obtaining asset-level financing. She is a real estate specialist with over 25 years of experience in successfully brokering, acquiring, and disposing of multifamily residential properties; creating development joint ventures; and securing project financing. Her experience includes serving as Director of Finance for Drever Partners, Inc. from 1988-1997, where she completed the financing and refinancing of approximately 18,000 apartment units. After Drever Partners/Concierge merged with Walden Residential Properties, Inc. in 1997, Ms. Geiss served as Walden’s Director of Acquisitions, Dispositions, and New Development, and was a member of the Walden Investment Committee. Prior to Drever Partners, she was a Senior Vice President – Capital Markets Group for a large savings and loan, where she created tax-exempt bond financing for new apartment construction nationwide. More recently, Ms. Geiss was Vice President and Director of Mezzanine Debt for Camden Property Trust, a public apartment REIT.
Property Management
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Jenifer Paneral
Vice President – Property Management
Contact:
713.439.1773
jenifer@drever.net
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Ms. Paneral serves as Vice President of Property Management. She is responsible for property operations and asset management, and accountable for profit-and-loss management, marketing, and developing the teams to execute the Concierge vision. Ms. Paneral has been in the multifamily industry for over 25 years and is experienced in managing growth companies, property repositioning, renovations, efficiency programs, new construction, and lease ups. Before joining Concierge, Ms. Paneral was Senior Vice President at Alliance Residential Management, LLC. Her portfolio consisted of up to 55,000 apartments in five regional markets. Prior to Alliance, she was Vice President at SCG Realty Services. In addition, Ms. Paneral serves as a Board Member and Treasurer for the Houston Apartment Association (HAA) and as a Board Member for the Texas Apartment Association (TAA), where she is active with the Media Relations and Budgeting committees. She was awarded Executive of the Year 2001 by HAA and received national recognition for her lease-up of new construction while she was with SCG Realty Services.
Construction Management
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Steve McCoy
Vice President – Construction
Contact:
713.439.1773
steve@drever.net
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Mr. McCoy serves as Vice President – Construction and is responsible for managing the renovations of Concierge’s real estate investments. In addition, he coordinates and performs due diligence on potential property acquisitions for Concierge. Mr. McCoy began working with Maxwell Drever in 1991 as Vice President – Regional Operations of Drever Construction, a subsidiary of Drever Partners. Over a seven-year period, he completed 25 major multifamily renovation projects totaling over $31 million in Atlanta, Austin, Dallas, Phoenix, and San Diego. In 1997, Mr. McCoy joined ConAm Management as Senior Vice President – Construction Services and was responsible for ConAm’s construction department operations and construction management for new apartment developments, major renovations, and capital improvement projects totaling 47,000 apartment units. He also did due diligence analyses for all potential property acquisitions, and established and implemented a construction / preventative maintenance training program for ConAm’s Regional Maintenance personnel. In 2001, Mr. McCoy joined The Laramar Group as Vice President of Construction. In 2003, he re-affiliated with Mr. Drever as Vice President – Construction for Concierge. Mr. McCoy is a licensed Texas Professional Inspector in Real Estate and EPA-certified in Asbestos Management and Environmental Site Assessment.
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