Fall Board of Directors & Advisory Committee Meeting
September 12 – 14, 2017 The Fairmont Hotel • Washington, D.C.
Meeting Portfolio Sponsored By:
National Multifamily Housing Council 1775 Eye St., N.W., Suite 1100, Washington, D.C. 20006 202/974-2300 (phone) • 202/775-0112 (fax) www.nmhc.org (website) • [email protected] (email) 2017 NMHC Fall Board of Directors & Advisory Committee Meeting Sponsors* NMHC gratefully acknowledges the sponsorship of the firms listed below whose support makes this event possible.
2017 MEETING SPONSORS
® berk eley point
2017 CHAIRMAN’S CIRCLE SPONSORS
® berk eley point
2017 FRIENDS OF THE COUNCIL SPONSORS
A Division of Marcus & Millichap
* as of September 7, 2017 MEMBERSHIP REPORTS
September 2017
NEW MEMBERS OF THE BOARD OF DIRECTORS (Since May 2017)
New Firms to the Executive Committee
Related Management Company LP, New York, NY Jeffrey Brodsky and Frank Monterisi
Starwood Capital Group, Atlanta, GA James Kane
New Firms to the Board of Directors
Citymark Capital, Cleveland, OH Daniel P. Walsh, Jr. and James A. Strauss
Eden Multifamily, Miami, FL Jay Jacobson
Electra America, North Palm Beach, FL Joseph Lubeck
Jonathan Rose Companies, New York, NY Jonathan F.P. Rose and Brandon Kearse
Milestone Group Jeffrey Goldberg, New York, NY Robert Landin, Dallas, TX
RealFoundations, Dallas, TX Phillip McCorkle and David W. Stanford
Spherexx.com, Tulsa, OK Becca Wilson
StreetLights Residential, Dallas, TX Douglas G. Chestnut and Thomas B. Bakewell
New Representatives from Existing Executive Committee Firms
Berkadia, New York, NY Justin R. Wheeler
HFF, Newport Beach, CA Sean P. Deasy
JLL Capital Markets, Atlanta, GA Derrick Bloom
New Representatives from Existing Executive Committee Firms (Continued)
Moran & Company Peter W. Evans, Chicago, IL David C. Martin, Denver, CO
SARES REGIS Group, Irvine, CA Chris Payne
New Representatives from Existing Board of Directors Firms
Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades
Berkeley Point Capital LLC, Bethesda, MD Mike C. May
Cushman & Wakefield, Charlotte, NC Marc G. Robinson
Entrata, Lehi, UT Chase Harrington
The Laramar Group, LLC, Chicago, IL Jeffrey Elowe and Bennett Neuman
LCOR Incorporated, New York, NY Anthony Barsanti
LeaseHawk, Scottsdale, AZ Sarah Saglam
The Morgan Group, Inc., Houston, TX Stanley D. Levy
Newmark Knight Frank, Washington, DC Maury E. Zanoff
The NRP Group, Cleveland, OH Beverly A. Svenson
Package Concierge, Inc., Medfield, MA Kristen Hall
RentPath, Atlanta, GA Sandi Jenkins
TH Real Estate, Hartford, CT James G. Martha
September 2017
NEW ADVISORY MEMBER FIRMS (Since May 2017)
Advisory Committee
* AEGON USA Realty Advisors, LLC David C. Feltman
Anton Development Company Steven L. Eggert
Apartment Butler Inc. Benjamin M. Johnson
Ascentris Robert Ghiselli
Atlantic Student Assets Jim Shaffner
Bedford Cost Segregation Ed McGuire
Bosch Thermotechnology Corp Michael G. Chaput
Braddock and Logan Services, Inc. David Lee
CallisonRTKL Larry Byars
* Capital Real Estate LLC Derek Avery
* Career Options Lynett Brockman
* Churchill Stateside Group Keith J. Gloeckl
* Colliers International New England Christopher Sower
Comm-Works Rod Coleman
Conategi LLC Roberto Orta
Confluence Companies, LLC Anthony De Simone
* New members since Board of Directors Meeting in May
Advisory Committee (Continued)
* Dominion Realty Partners Robert A. McIntosh
Fairmont Management Inc. Ron Nasch
* Fortimize John A. Hamon
* Frontier Communications Raul Huerta
HKSK Corp. Dov Shapiro
Hoar Construction Robert J. Mooney
* IOTAS, Inc. Matt Greene
Isram Realty Group Sean Gorbell
Jobsite Steel Manufacturing Kristi D. Mathews
* Kaufman Lynn Construction Frank W. White, III
KIER Construction Stephen J. Kier
* LegacyTexas Bank Patrick Ramsier
* Lendlease Philip Lamere
* LIVEbe Elaine D. De Lude
* Middleton Meyers Ian C. Ferguson
* Mission Capital Jonathan More
* Mission Rock Residential Charles G. OConnell, Jr.
NexMetro Communities, LLC Jacque Petroulakis
* New members since Board of Directors Meeting in May
Advisory Committee (Continued)
Parallel Joe Fraiman
* PhilMor Real Estate Investments Phill Bakalchuk
* The Private Bank Kathy Thurston
* QX Inc Ravi Kurani
* ResMan Elizabeth Francisco
Resolution Real Estate Jeremy F. Bartholomew
* SB Architects Teresa Ruiz
Smallwood, Reynolds, Stewart, Stewart & Associates, Inc. Joseph R. Stryker
* Snell Construction Corporation Christopher Hanessian
Southwest Montana Properties Chad A. Laird
Start Alternative Vinay S. Kolla
Stay Alfred, Inc. Nancy Allen
SummerHill Apartment Communities Douglas McDonald
TA Partners LLC Johnny Lu
Thomas Pride International Charlton B. Rhoads
Tim Lewis Communities Tim Lewis
Torchlight Investors Michael Butz
* New members since Board of Directors Meeting in May
Advisory Committee (Continued)
Tradewind Properties James D. Rastello
Tudor McLeod Asset Management Andrew Tischer
Valbridge Property Advisors Karl Finkelstein
Vivint.SmartHome Kyle Lefebvre
WISHROCK Housing Partners & Investment Group Kevin Rose
Younger Partners Dallas, LLC Lewis E. Wood
* New members since Board of Directors Meeting in May LEGISLATIVE & REGULATORY PRIORITIES REPORT
APARTMENT INDUSTRY 2017 POLICY PRIORITIES
The apartment sector is a competitive and robust industry that helps today’s 38 million renters live in an apartment home that’s right for them. It’s also an important economic driver, contributing $1.3 trillion to the U.S. economy annually. We stand ready to meet the growing demand for rental housing, but we need public policies that don’t impede our ability to do so.
Fair Housing and Disparate Impact: clarify HUD’s Data Security: seek reasonable data security and breach enforcement practices in light of regulatory and legal efforts, notification requirements that do not impose overly and improve compliance resources for rental housing burdensome compliance obligations on apartment owners providers and operators.
Tax Reform: protect the current-law tax treatment of flow- U.S. Postal Service Reform: ensure that postal reform through entities, depreciation, like-kind exchanges, business legislation does not adversely affect mail delivery to interest, carried interest and the Low-Income Housing Tax apartment residents or impose costly requirements on Credit (LIHTC) apartment properties
Housing Finance Reform: ensure housing finance Music Licensing: as policymakers evaluate copyright laws, reform proposals include a federal guarantee and recognize look for potential opportunities to clarify music licensing the unique characteristics of the multifamily industry, and policies for apartment communities continue engagement with regulators as they pursue transformational policies outside the legislative process Telecommunications: protect apartment owner and resident interests as policymakers consider in-building and Workforce Housing: help policymakers develop effective outdoor coverage, capacity, deployment and infrastructure solutions that will preserve programs that work, stem the issues loss of additional housing stock and promote the development of new units Patent Reform: enact legislation to protect apartment companies from abusive patent infringement claims without Low-Income Housing Tax Credit: increase program merit or evidence to support them resources and allow “income averaging” to create more mixed-income housing Flood Insurance: seek long-term reauthorization of the National Flood Insurance Program (NFIP) that expires in Section 8 Rental Assistance: modernize and streamline September 2017, enact reforms of the program that would the program to attract private sector participation as well as afford better NFIP coverage options to operators of rental seek reliable funding and reinforce the voluntary nature of housing, and capitalize on efforts to bolster private market the program solutions for flood coverage.
Military Housing Allowance: oppose reductions to the Lead-Based Paint: advocate for health-protective military’s Basic Allowance for Housing or other changes to standards that address the issue of lead hazards where they military housing benefits are found to exist
Immigration Reform: promote immigration reform that Energy Policy: seek practical, cost effective solutions for improves temporary worker visa programs and prevents improving the energy performance of building systems and apartment firms from being required to enforce immigration appliances, support research on building technologies, and laws advocate for expanded federal tax to improve building energy efficiency Criminal Background Checks: protect the ability of apartment firms to consider criminal history in employment Building Codes, Construction and Development: and residential screening seek cost-effective building codes, green building goals and land use policies that support apartment development Consumer Reporting: Ensure that reforms of the consumer reporting process and resident screening system Regulatory Reform: reform of outdated, inefficient and do not hamper necessary business operations of multifamily burdensome regulations that lead to compliance uncertainty operators. and harm economic growth.
Clean Water Act: seek regulatory clarity on permitting requirements under a newly expanded scope of the Act
Updated September 2017
2017 NMHC and NAA Policy Priorities
For more than 20 years, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) have partnered on behalf of America's apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of nearly 170 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. One-third of all Americans rent their housing, and 38 million of them live in an apartment home.
Tax Policy Business & Property Operations Tax Reform Flood Insurance & Mitigation Low-Income Housing Tax Credit Labor Department Overtime Rule Middle-Income Housing Tax Credit NLRB Joint Employer Ruling FIRPTA Reform Criminal Background Screening Consumer Reporting Construction & Development Immigration Reform Clean Water Act U.S. Postal Service Reform Sustainability Land Use Telecom & Technology Data Security and Breach Finance & Capital Markets Notification Housing Finance Reform Telecommunications Dodd Frank and Basel III Patent Reform HVCRE Loans Music Licensing Workforce Housing Home Sharing Services HUD Multifamily Programs Foreign Capital Investment (EB-5) Housing Policy Section 8 Fair Housing Rental Assistance Demonstration Fair Housing & Disparate Impact FMRs & SAFMRs Accessibility: Fair Housing & ADA Military Housing (BAH) U.S. Census Bureau’s American Energy Community Survey Energy Policy Indoor Environmental Issues Lead Based Paint
Building Codes Building Codes
Regulatory Reform Tax Policy
TAX REFORM
Why It Matters: Tax reform has the potential to significantly impact all facets of the multifamily industry because the owners, operators and developers of multifamily housing pay taxes when they build, operate, sell or transfer communities to their heirs.
What We Are Doing: Engaging with policymakers to protect the multifamily industry’s tax reform priorities in any possible tax reform legislation. These include: protecting flow-through entities; maintaining the current-law tax treatment of carried interest; defending like-kind exchanges; retaining the deduction for business interest; ensuring depreciation rules avoid harming real estate; and preserving the Low-Income Housing Tax Credit.
To support our advocacy, we have worked with our industry partners to commission key studies on the House Republican tax reform blueprint and the vital role that like-kind exchanges and economically viable depreciation schedules play in developing and maintaining commercial real estate.
LOW-INCOME HOUSING TAX CREDIT (LIHTC)
Why It Matters: LIHTC is the only federal program that helps subsidize the production of privately operated affordable housing. It has financed nearly 3 million units since its inception in 1986. While it generally operates effectively, additional resources could spur added construction of units.
What We Are Doing: Urging lawmakers to resist calls to eliminate the LIHTC in any effort to reform the nation’s tax code. We are also seeking program improvements. These include expanding program resources by 50 percent and allowing “income averaging” to make the program more flexible and allow for more mixed- income housing.
MIDDLE-INCOME HOUSING TAX CREDIT (MIHTC)
Why It Matters: MIHTC was introduced in September 2016 by Senate Finance Committee ranking member Ron Wyden (D-OR) to spur the production of multifamily rental homes for America’s working families and would complement the LIHTC. The apartment industry strongly supports the bill based on our concerns that there is a lack of affordable housing available to millions of Americans that comprise the nation’s workforce.
What We Are Doing: Continuing to work closely with Senator Wyden, his staff and other key lawmakers in pushing this critical legislation forward because it would make building needed units financially viable. Specifically, under the “Middle-Income Housing Tax Credit Act of 2016,” states would receive allocations of tax credits that would be distributed competitively to finance 50 percent of the cost of qualifying units. In order to qualify, a development would have to ensure that 60 percent of units were affordable to families earning no more than 100 percent of area median income. Allocated credits would be paid out over 15 years, the same period over which a development would have to commit to maintaining units at restricted rental rates.
Importantly, we responded to the introduction of the MIHTC legislation by following up with a letter of support to Senator Wyden that urged him to coordinate the legislation with the Community Reinvestment
2 Updated September 2017
Act (CRA) so that investments using the proposed tax credit would qualify for CRA credit – a vital change that would enable the new credit to reach its full potential in all housing markets.
FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (FIRPTA)
Why It Matters: FIRPTA imposes income tax on foreign persons disposing of U.S. real property interests that is not charged on a foreign person disposing of other U.S. assets such as stocks and bonds. As a result, it prevents commercial real estate from securing a key source of private-sector capital for developing, upgrading and refinancing properties. As part of tax legislation enacted in late 2015, Congress reduced FIRPTA’s negative impact on U.S. real estate investment by increasing from 5 to 10 percent the ownership stake that a foreign investor may take in a U.S. publicly traded REIT without triggering FIRPTA. Congress also removed a tax penalty FIRPTA imposed on foreign pension funds investing in U.S. real estate. While these provisions represent real progress, repealing FIRPTA or enacting additional reforms could unlock billions in foreign capital that could help to refinance real estate loans and drive new investment.
What We Are Doing: Calling on Congress to either repeal FIRPTA or enact additional reforms to FIRPTA to promote foreign investment in the U.S. multifamily industry and meet the growing demand for rental housing.
Construction & Development
CLEAN WATER ACT
Why It Matters: The Environmental Protection Agency (EPA) and Army Corps of Engineers (Corps) finalized a rule that claimed to clarify the scope of the waters regulated under the federal Clean Water Act. The controversial rule was found to significantly increase the costs and time associated with permitting requirements, provide greater opportunities for citizen lawsuits and essentially federalize local land use planning. The rule would also subject municipal separate storm sewers to an additional level of regulation as "Waters of the US." The Trump Administration has ordered that the rule be repealed and replaced.
What We Are Doing: Pursuing an aggressive advocacy strategy before Congress and the Administration on the appropriate scope of federal jurisdiction over water. Existing authority under the 1986 regulation and 2008 guidance to define "waters of the United States" covered by the Clean Water Act has led to a spate of lawsuits and was the impetus for the last Administration to issue the flawed WOTUS rule.
SUSTAINABILITY
Why It Matters: Apartment properties face potentially costly challenges as federal, state and local governments increase various green building requirements and building performance mandates. These efforts must address the specific needs of multifamily occupancies, including the continued affordability and availability of new, and the preservation of existing, apartment homes.
What We Are Doing: Developing robust tools to help building owners and managers improve the environmental performance of the nation’s housing stock. We support strong and cost effective green standards and represent the interests of the industry in the area of green building and operations certification. We are working in coordination with the EPA and Department of Energy to obtain wider access to aggregated whole building data for voluntary benchmarking purposes and look to expand opportunities to share case studies and other resources with our members.
3 Updated September 2017
LAND USE
Why It Matters: Changing demographics, employment patterns and lifestyle preferences are challenging the sprawling, low-density development patterns of the past 50 years. Understanding that existing growth models are unsustainable, new efforts to promote infill, mixed-use and transit-oriented development that features apartment communities are being considered.
What We Are Doing: Promoting land use policies that recognize the benefits of apartments, including compact development and efficiency.
Finance & Capital Markets
HOUSING FINANCE REFORM
Why It Matters: Getting multifamily right in housing finance reform is the single most important factor to ensuring that the apartment industry can meet the nation’s growing rental housing demand.
What We Are Doing: Working closely with lawmakers to ensure that housing reform legislation recognizes the unique characteristics of the multifamily industry and retains a federal backstop to ensure reliable and affordable access to capital in all markets at all times. Because of our efforts, Members of Congress have come to understand that any credible housing finance reform effort must have dedicated consideration for the multifamily industry.
BANK CAPITAL STANDARDS: DODD-FRANK AND BASEL III
Why It Matters: Federal regulators have produced a number of regulations and standards during the previous Administration that could potentially constrain capital flows to the sector. Among those are Dodd- Frank risk-retention rules and Basel III capital standards, both of which impact how financial institutions must treat the multifamily debt they hold and originate.
What We Are Doing: Working to educate regulators, Congress and the new Administration on existing and proposed regulations that could constrain and increase the cost for multifamily financing. Where appropriate, we are seeking changes or roll-backs.
HIGH VOLATILITY COMMERCIAL REAL ESTATE LOANS
Why It Matters: Basel III capital standards for acquisition, development and construction loans went into effect on January 1, 2015, increasing the amount of capital banks have to hold by 50 percent. The regulation was unclear in many areas. In April 2015, the regulators issued guidelines in an FAQ in an effort to clarify implementation of the rule. This rule applies to every bank, no matter the size. Consequently, it has had an impact on the availability of construction loans during 2016.
What We Are Doing: Working with a number of industry groups to seek better clarity on interpretation of the rule and provide rational relief to several of the provisions within the rule that constrain the capital contribution from borrowers. We are seeking changes with Congress and the regulators who issued the rule. As a result of our efforts, legislation was introduced in 2017 that would achieve our goals.
4 Updated September 2017
WORKFORCE HOUSING
Why It Matters: America is facing significant rental affordability challenges. Rental demand is growing, supply is limited and resident incomes have been stagnant while housing costs have risen. Roughly 54 percent of apartment households spend more than 30 percent of their incomes on housing and 30 percent spend more than 50 percent, according to the most recent data from the American Housing Survey. State and federal collaborations, and partnerships between the public and private sectors, are critical to addressing this issue.
What We Are Doing: Contributing to the discussion and aiming to help policymakers develop effective solutions that will preserve programs that work, stem the loss of additional housing stock and promote the development of new units. We took our message to Capitol Hill, testifying before the House Financial Services Committee, Subcommittee on Housing at a hearing entitled, The Future of Housing in America: Government Regulations and the High Cost of Housing. We outlined the key reasons why America faces a growing affordability problem – stagnant wages, a supply-demand imbalance and numerous hurdles and regulations in developing new apartments – along with potential solutions.
HUD MULTIFAMILY PROGRAMS
Why It Matters: The Federal Housing Administration’s (FHA) multifamily programs traditionally account for approximately 10 percent of the total outstanding multifamily mortgage debt and are a material and important source of capital for underserved segments of the rental market. Importantly, because of appropriate risk-based premiums and strong underwriting, the multifamily programs are able to operate as self-funded, fully covered lines of business at HUD. In past years, however, they have been hampered by artificial constraints on the volumes of mortgages they can insure. In addition, HUD has undertaken a multi- year effort to streamline and consolidate its multifamily field offices. These field offices provide mortgage insurance to HUD-approved lenders nationwide, facilitate multifamily housing projects and administer rental assistance programs.
What We Are Doing: Educating policymakers about the different performance histories of FHA’s multifamily and single-family programs to retain FHA as a reliable source of capital for the apartment sector. Continuing in-depth discussions with the offices of the HUD Secretary and the FHA Commissioner to limit the potential adverse impact of the reorganization on multifamily borrowers. NMHC/NAA have also worked with HUD and Congress to lift the multifamily lending authority for FHA to levels more reflective of market demand.
FOREIGN CAPITAL INVESTMENT (EB-5)
Why It Matters: Foreign investment is an important and growing source of capital for the multifamily industry. The strong current and historic performance of multifamily real estate attracts interest from a variety of international capital sources, but opportunities exist for policymakers to further enable investment from abroad. One mechanism through which the apartment industry attracts foreign capital is the EB-5 Investor Visa Program. The program provides visas to foreign investors in exchange for investments in American real estate projects, which eventually create jobs. Multifamily projects have attracted significant equity through the EB-5 Program in recent years, including an estimated $68 million last year from China alone.
What We Are Doing: Working to remove barriers and further encourage foreign capital participation through a long-term reauthorization of the EB-5 Investor Visa Program, retaining essential elements of the program and promoting multifamily investment. 5 Updated September 2017
Fair Housing
FAIR HOUSING AND DISPARATE IMPACT
Why It Matters: Recent increases in regulatory and legal action related to disparate impact theory creates new uncertainty about the lawfulness of otherwise legitimate apartment operation and development practices like resident screening and use of tax credits. Absent limitations, housing providers can face increased allegations of Fair Housing violations.
What We Are Doing: Seeking certainty and/or clarification of HUD enforcement practices in light of regulatory efforts, including HUD’s 2013 disparate impact rule, the U.S. Supreme Court’s decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project and HUD guidance on criminal history screening, limited English Proficiency and more.
While the High Court upheld the validity of disparate impact liability under the Fair Housing Act in its final ruling in June 2015, the ruling offers some limitations on the theory that may prove helpful to businesses facing these types of actions. However, HUD and advocacy groups continue to test the bounds of disparate impact theory. We have produced a series of white papers and webinars to help apartment firms understand changes in fair housing law and we continue to explore both legislative and legal remedies to help apartment firms avoid disparate impact claims.
ACCESSIBILITY: ADA AND FAIR HOUSING ACCESSIBILITY
Why it Matters: Housing providers have responsibilities under both the Americans with Disabilities Act (ADA) and Fair Housing Act (FHA) to ensure that their communities are accessible to people with disabilities, including the inclusion of specific building design features. However, the complex and sometimes conflicting nature of guidance, building codes and statutory language have led to varying interpretations of compliance with the Acts. Litigation related to allegations of non-compliance poses significant costs, operational barriers and other challenges for apartment firms.
What We Are Doing: Supporting legislation to stem the growing trend of ADA compliance complaints dubbed “drive by” lawsuits. These complaints often result from tester visits to a business for the express purpose of finding violations and filing suit. Plaintiffs then typically demand settlement money in lieu of filing a lawsuit. We are supporting legislation introduced in Congress that provides a business owner with the opportunity to cure an alleged ADA deficiency prior to the initiation of a lawsuit, which would disincentivize complaints motivated purely for financial gain.
Energy
ENERGY POLICY
Why It Matters: Energy efficient multifamily buildings reduce utility consumption costs for apartment owners and residents and further the goal of national energy independence. Although the industry has embraced energy efficient design and operations, it is important that federally-sponsored energy performance standards be cost-effective. Expensive code requirements that have a pay-back outside of traditional financing terms will exacerbate the shortage of affordable housing. Federal tax incentives are insufficient to improve the efficiency of the nation’s existing housing stock and should be expanded. New Federal Housing Administration financing programs will assist owners and developers in improving building
6 Updated September 2017 energy performance. The apartment industry welcomes the newly available ENERGY STAR rating for multifamily, however, the lack of access to whole building energy consumption data in many regions of the country limits the ability of properties to participate in the program.
What We Are Doing: Advocating for policies that include cost-effectiveness as a consideration in building code adoption, promoting building energy research and working to help property owners access their energy consumption data. We are also lobbying for energy efficiency tax measures that encourage energy efficient rehabilitation of existing properties. Finally, we continue to work with HUD, EPA and the Department of Energy to expand opportunities that will assist property owners in improving building energy performance and remain focused on growing the ENERGY STAR rating for multifamily.
Business & Property Operations
FLOOD INSURANCE AND MITIGATION
Why It Matters: The National Flood Insurance Program (NFIP) was last reauthorized by Congress in 2012 and is set to expire in September, 2017. Existing law requires apartment properties with federally regulated and insured mortgages in high-risk flood areas to purchase flood insurance. In many cases the NFIP is the only coverage option available across the country. In the absence of a robust private flood insurance market, the multifamily industry has come to rely on the NFIP as a critical risk management tool and to ensure financing. Yet too often, the current constructs of the program and its limitations can serve as a challenge.
What We Are Doing: Working with Congress and industry allies to see the program reauthorized and reformed in such a way that ensures flood coverage continues to be available at all times, in all market conditions, for every at-risk rental property. Reform of the NFIP is necessary both to ensure the fiscal solvency of the program and so that it is structured in such a way that it is able to offer sufficient and needed lines of coverage to property owners. We have called upon Congress to enable FEMA to offer additional, policy options such as Business Interruption coverage, Replacement Cost Value claim payments, and allow umbrella policies for all structures on a property. Allowing multifamily owners the flexibility to secure these additional lines of coverage, at full actuarial rate, would bring new premium revenue into the program and better mitigate the financial risk held by multifamily owners/operators. These, and other reforms, would reduce risk exposure and financial liabilities for multifamily properties in the wake of a disaster. Further, the industry has long called for greater private sector participation in the flood insurance market and we have strongly urged Congress to adopt policies that can help foster its development. We also continue to push Congress to reform and properly fund flood mapping efforts and prioritize pre-disaster mitigation efforts.
LABOR DEPARTMENT OVERTIME RULE
Why It Matters: In May 2016, the Department of Labor (DOL) issued its final rule to increase the salary threshold for white collar workers who are entitled to overtime pay protections under the Fair Labor Standards Act (FLSA). Multifamily and other industry workers would be impacted because overtime pay would be determined based only on falling below the threshold. Specifically, under the final rule, the salary threshold for executive, administrative and professional employees’ overtime pay would be raised from $455 a week ($23,660 a year) to $913 a week ($47,476 a year). While the rule was slated to go into effect on December 1, 2016, a federal judge has issued an injunction blocking enforcement.
7 Updated September 2017
Meanwhile, DOL has indicated its willingness to reconsider the rule. During his confirmation hearing, Secretary of Labor R. Alexander Acosta indicated a threshold of around $33,000 might be appropriate. Following his hearing, DOL issued a request for information soliciting industry views. In response, NMHC/NAA recommended that DOL index the current $23,660 overtime threshold for inflation. Further litigation, regulation and/or legislative activity will determine the rule’s fate.
Among other issues, the multifamily industry is concerned the rule will harm the ability of employers to implement, and employees to take advantage of, flexible scheduling options. In addition, it could limit career advancement opportunities for employees. Those nearing 40 hours of work in a week may not be able to participate in training or other opportunities because the employer is unable to provide overtime compensation for the hours spent.
What We Are Doing: Urging Congress and the new Administration to repeal or provide relief from the proposed rule.
NLRB JOINT EMPLOYER RULING
Why It Matters: Joint employers occur when the supervision of an employee’s activity is shared between two or more businesses. In its August 2015 Browning-Ferris Industries ruling, the National Labor Relations Board (NLRB) ruled that it could impose joint employer liability when an entity has “indirect” control and “unexercised potential” of control over another entity’s employees. However, for 30 years before this ruling, entities were designated joint employers when both had “direct and immediate” control over “essential terms and conditions of employment.” This could have a significant impact on multifamily firms who may become liable for the actions of subcontractors, suppliers, vendors and temporary staff. Joint employers are also required to negotiate with any union representing the jointly employed workers.
What We Are Doing: Urging congress and the new Administration to mandate that the NLRB revert to the joint employer standard that was in effect prior to the Browning-Ferries Industries ruling. The House of Representatives is currently considering appropriations legislation that would deny funds to enforce the rule.
CRIMINAL BACKGROUND SCREENING
Why It Matters: The multifamily industry depends on professional staff who routinely enter apartment homes, handle confidential information and carry out financial transactions. Multifamily owners and operators need the ability to check criminal backgrounds to help protect the safety and security of residents and staff and to reduce the risk of violence, theft and fraud. The use of criminal background checks has come under increased scrutiny by some members of Congress and the Equal Employment Opportunity Commission (EEOC). However, EEOC’s strengthened enforcement policy has been challenged by other members of Congress and judges.
What We Are Doing: Working as part of a coalition to educate decision makers about the importance of criminal background checks in creating safe housing for the nation’s 38 million renters.
CONSUMER REPORTING
Why It Matters: Apartment owners and operators rely on professionally furnished consumer reports in their daily operations to make informed decisions about the creditworthiness of prospective residents at their communities. These reports often include financial, credit, and housing history/records and as a result fall under strict compliance requirements of the Fair Credit Reporting Act (FCRA).
8 Updated September 2017
What We Are Doing: Educating policy makers of the importance of accurate consumer reports and their impact on multifamily operations. Further, we are urging that any reforms of the consumer reporting process and resident screening system do not hamper necessary business operations of multifamily operators.
IMMIGRATION REFORM
Why It Matters: One in five renter households is headed by an immigrant, and immigrants comprise 22 percent of the construction workforce, making reform a critical issue for the multifamily industry. Pressure is mounting for Congress to enact comprehensive reform for a number of reasons, many of which impact the multifamily industry. Recent data and industry surveys suggest labor shortages in a number of trades across numerous markets are driving up construction costs, and the cost of housing as a result. Also, in the absence of congressional action, state and local governments have approved numerous immigration related regulatory measures, creating a burdensome patchwork of compliance obligations for apartment companies. Rental apartment firms are particularly concerned about laws that would hold them responsible for the immigration status of apartment residents and impose various additional employment-related mandates beyond federal requirements. Lastly, attracting foreign investment to multifamily real estate is a critical part of ensuring adequate capital is available to develop and maintain American rental housing needed now and in the future, which programs like the EB-5 Investor Program are designed to address.
What We Are Doing: Working closely with policymakers to improve temporary worker visa programs, including the H2-B Visa Program. We are also empowering employers, creating legal safe harbors through the E-Verify Employee Verification Program, and promoting new sources of investment capital through the EB-5 Immigrant Investor Program.
U.S. POSTAL SERVICE REFORM
Why It Matters: U.S. Postal Service (USPS) policies impact the security and convenience of mail and package delivery to multifamily communities, as well as safety and efficiency for residents and employees. Congress is expected to consider significant postal reform measures that would affect mail and package delivery that could impact both existing and future apartment communities. Some proposed cost-cutting measures would mandate centralized delivery locations for both new and existing addresses. This would dramatically reduce the number of USPS delivery points including “to the door” delivery.
What We Are Doing: Educating congressional decision-makers and regulators about the practical implications of legislative or regulatory changes to USPS mail delivery policy for apartment communities and our residents.
Telecom & Technology
DATA SECURITY AND BREACH NOTIFICATION
Why It Matters: Apartment companies and other consumer facing entities are increasingly targets of cyber- criminals because of the treasure trove of personal and financial information they possess. Multifamily firms and their third-party service providers collect and maintain sensitive personally identifiable information. This includes Social Security numbers and the financial details of residents, prospective residents and employees that is valuable to data thieves and those wishing to do harm to a company’s reputation and financial standing. Federal lawmakers are working to enhance existing data privacy and security laws. They
9 Updated September 2017 are considering the creation of a national data security standard and data breach notification requirements to replace the current patchwork of privacy and data breach laws in 47 states and the District of Columbia.
What We Are Doing: Supporting efforts by Congress and the Administration to implement mechanisms for the private sector and Federal Government to share information about possible cyber threats and intrusions. We are also advocating for reasonable data security standards and data breach notification requirements for multifamily firms while protecting consumers, our networks and our industry. In addition, we released a cybersecurity white paper that serves as a roadmap to enhanced security for the industry and launched a cybersecurity alert system that distributes time-sensitive threat information to member companies.
TELECOMMUNICATIONS
Why It Matters: The multifamily industry increasingly relies on web-based platforms and mobile connectivity for property operations, as well as corporate functions from marketing to revenue management and leasing to maintenance. Reliable communications services significantly impact residents and inadequate connectivity may involve costly technical solutions. The Federal Communications Commission and Congress are considering a range of regulatory and legislative issues that could impact apartment operations and services for apartment communities. This includes laws governing video, telephone and broadband, expanded broadband deployment, cellular service and more.
What We Are Doing: Educating policymakers about the growing need for reliable telecommunications services for apartment operations and resident satisfaction. This, is in addition to the industry’s interest in policies affecting broadband deployment, service provider agreements and access to property and solutions for connectivity and capacity challenges.
PATENT REFORM
Why It Matters: Multifamily companies and service providers have been targeted by abusive “patent trolls” who threaten legal action and demand fees without evidence supporting their claims. Targeted firms are forced to pay licensing fees or defend against illegitimate patent infringement claims for using common technology products. This includes resident-facing programs for marketing, payments, maintenance requests and other property-level communications, as well as off-the-shelf products like on-site security systems. There is strong bipartisan support in Congress to curb the problem. Proposed legislation would require greater detail in demand letters and legal filings, and stronger litigation standards. However, disagreement remains over several aspects of the issue as lawmakers try to address abuse and protect incentives for innovation.
What We Are Doing: Urging Congress to pass legislation that would bring greater transparency and efficiency to patent regulation and enforcement, and create disincentives to fraud and abuse. NMHC/NAA have joined with other real estate and business groups in asking lawmakers to address predatory demand letters, patent trolls and improve the patent litigation system.
MUSIC LICENSING
Why It Matters: Performing Rights Organizations administer and enforce copyrights on behalf of copyright owners. Some claim that apartment communities may be obligated to obtain a public performance license for certain uses of copyrighted music.
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What We Are Doing: Seeking potential opportunities to clarify music licensing requirements for apartment firms as Congress and the Administration evaluate music copyright laws.
HOME SHARING SERVICES (Airbnb, VRBO, HomeAway)
Why It Matters: The multifamily industry is increasingly dealing with the implications, both positive and negative, of peer-to-peer home sharing services like Airbnb, VRBO and HomeAway. While these services are increasingly popular with consumers, some of the potential issues at hand include tenant lease violations, on-site security concerns and questions around liability and property insurance. While there are unanswered questions for our industry, and our economy as a whole, the “sharing economy” is booming. With such incredible growth, Congressional and federal oversight is likely to increase.
What We Are Doing: Continuing to support the right of multifamily firms and other property owners to participate in all aspects of the “sharing economy,” if they so choose and if it is done in full compliance with existing law and regulations. While most legislative and regulatory action in this area has been at the state and local levels, Congress and several federal agencies have begun to examine the impact of Airbnb, Uber and other companies considered part of the sharing economy. Both the Federal Trade Commission and the House have held hearings on the topic and this oversight is not expected to ease. We continue to monitor the issue for developments that could impact the apartment industry from a legal or regulatory perspective.
Housing Policy SECTION 8 RENTAL ASSISTANCE
Why It Matters: The Section 8 program is plagued by inefficiencies that make it more expensive to rent to a Section 8 renter than a market-rate renter. At the same time, a growing number of jurisdictions are trying to enact “source of income” fair housing protections that effectively make the program mandatory.
What We Are Doing: Working to prevent potential rental payment losses by intervening when related budget cuts are proposed. We are also working to ensure that any reform measures encourage private sector participation and we are supportive of new opportunities for private industry engagement in affordable housing through programs like the Rental Assistance Demonstration. In addition, we are working to reaffirm the voluntary intent and design of HUD’s affordable housing programs by Congress and HUD.
We worked tirelessly to enact reforms signed into law by President Obama in July 2016 that will maximize the impact of taxpayer dollars and eliminate inefficiencies in critical federal housing programs. Specifically, these reforms streamline the Section 8 Housing Choice Voucher Program’s property inspection process by allowing for immediate occupancy if the apartment home has been inspected within the past 24 months. The reforms also include extending the contract term for project-based vouchers from 15 to 20 years.
Additionally, we helped enact legislation signed into law by the President in December 2015 that significantly reduces the Section 8 voucher program’s administrative burdens by allowing for the recertification of incomes every three years, instead of annually, for residents on fixed incomes. We will work with Congress and the new Administration to actively promote future reforms to the program regarding funding to avoid payment interruptions for property owners and to further streamline the program.
11 Updated September 2017
RENTAL ASSISTANCE DEMONSTRATION
Why it Matters: The Rental Assistance Demonstration, or RAD, is an affordable housing preservation strategy for public housing authorities, allowing for the conversion of public housing properties at risk of obsolescence or underfunding into project-based vouchers or rental assistance contracts under the Section 8 program. This conversion provides opportunities for private sector participation through the redevelopment, management and financing of the converted properties.
What We Are Doing: Working with Congress and HUD to expand the RAD program. The effort was initially approved to convert 60,000 units to affordable housing in 2011. We worked with Congress and HUD to expand the program in 2014 to 185,000 units, and will explore opportunities for further expansion to meet the substantial demand for affordable housing preservation.
FAIR MARKET RENTS (FMRs) AND SMALL AREA FAIR MARKET RENTS (SAFMRs)
Why it Matters: The Section 8 Housing Choice Voucher Program provides subsidized rents for qualifying low-income families. The program uses HUD-determined FMRs to establish maximum allowable rents the government will pay to a private apartment owner who rents to a family with a Section 8 voucher. HUD's current method for establishing FMRs and determining housing assistance payments is a proven, efficient system.
What We Are Doing: Expressing concern with HUD’s action to move to a SAFMRs system, which establishes rent rates by ZIP Code. The SAFMR system remains un-vetted, less flexible and less reflective of housing providers' needs for participation in assisted housing programs. NMHC is pleased that HUD has notified Public Housing Authorities (PHAs) that the mandatory implementation of the SAFMR methodology would be suspended until 2020 for all metro areas except for the Dallas-Plano-Irving Metro Division. NMHC applauds this decision, as we have long held that zip codes, the geographic level that SAFMRs currently use, do not represent real estate markets.
BASIC ALLOWANCE FOR HOUSING (BAH)
Why It Matters: One million service members rely on their Basic Housing Allowance (BAH) to pay their housing expenses. The BAH is also key to the viability of the Department of Defense’s Military Housing Privatization Initiative (MHPI), which the multifamily industry has participated in for nearly 20 years. Military compensation and benefits reform efforts have looked at significantly reducing the BAH, and how it is allocated, to help balance the military’s budget. Reducing military housing benefits limits housing options for military families and can undermine apartment investments in and around military installations.
What We Are Doing: Working to ensure that the success of the MHPI and the private rental markets around military housing installations are not jeopardized through reductions to the BAH or any other proposals that envision long-term changes to military housing benefits. We have advocated against changes to the BAH in the annual defense authorization and spending bills and successfully held back aggressive reductions proposed in previous years in favor of a one percent per year reduction capped at 5 percent.
12 Updated September 2017
U.S. CENSUS BUREAU’S AMERICAN COMMUNITY SURVEY
Why It Matters: The U.S. Census Bureau’s American Committee Survey (ACS) provides Congress, state and local governments, businesses and non-profits with the objective, reliable data they need to invest wisely, stimulate economic and job growth, and meet the needs of vulnerable populations, such as veterans, people with disabilities, older Americans and low income households. Funding of the ACS, as well as its mandatory nature, is regularly in jeopardy when budgets are discussed. The ACS is important to the multifamily industry because it helps in estimating the economic impact of apartments and provides the latest relevant data.
What We Are Doing: Continuing to urge lawmakers to fund ACS, along with testing for the 2020 survey. In addition, we continue to work with a broad coalition expressing our concern over the proposed deep cuts in the most recent budget cycle.
Indoor Environmental
LEAD-BASED PAINT
Why It Matters: In 1993, Congress directed the EPA to determine whether there were lead hazards existing in public and commercial properties and, if so, to develop a regulation to protect the public health. Despite the passage of time, EPA has failed to conduct any targeted research on this matter, but has proposed a rule to expand lead-based paint regulations that apply to certain residential properties to public and commercial buildings. Pre-1978 residential properties have been guided by a number of lead-based paint disclosure and mitigation regulations for more than 20 years. The EPA proposal would require apartments built after 1978 to comply with similar regulations even though EPA has failed to demonstrate that these properties contain lead paint or pose a lead-hazard. Moreover, this regulation would duplicate the intent of the Occupational Safety and Health Administration’s Lead in Construction Standard that already applies to the disturbance of lead on all properties – regardless of the age of or type of the building. The concentration of lead in drinking water is regulated by EPA under the Safe Drinking Water Act. Water suppliers as defined in the Act are responsible for complying with this regulation.
What We Are Doing: Continuing to file numerous comments on the regulatory proposal with EPA, including a technical appraisal of EPA’s theoretical model of lead exposure during renovation and repairs on public and commercial properties. We have worked with the Small Business Administration to ensure representation of the multifamily industry on regulatory review panels. We have also raised concerns about the flawed regulatory process with the White House Office of Management and Budget. The Administration is currently reviewing the status of pending regulations under the Toxic Substances Control Act (TSCA). Whether the Agency will continue to pursue this rulemaking given the flawed process, is very much in question. Therefore, we will continue to monitory the status of lead rules under the TSCA framework.
Building Codes
BUILDING CODES
Why It Matters: Cost-effective building codes and standards that promote building safety and efficiency benefit multifamily owners, operators and residents. Burdensome code requirements discourage multifamily development, increase construction costs and negatively impact housing affordability. The International
13 Updated September 2017
Code Council is beginning work now on the 2021 model building codes, which will affect many areas of concern to apartment properties, including fire safety requirements, energy efficiency measures, accessibility and green building requirements. Special emphasis is being placed on fires in both existing and new apartments because of the recent fires that have gotten special attention.
What We Are Doing: Participating and serving on committees in the codes and standards development activities of the International Code Council, National Fire Protection Association, and ASHRAE. We also work with other organizations with like interests, including the National Association of Home Builders, the American Institute of Architects and the Building Owners and Managers Association. In addition, we craft code proposals, develop commentary and serve as a resource on code issues for our members.
Of note, the issue of fires in both new and existing apartments is of special concern. The massive news coverage of the various fires in apartments has made the issue a major concern to everyone involved in code and standards development with several proposals coming forward in 2016 to address the issue. Many of the proposals if adopted would have been very detrimental to the development and construction of apartments. To counter the onslaught of proposals, we have developed a proposal in partnership with our members to directly address the fire issue by emphasizing changes to the codes, but limiting the impact on construction. Our proposal was supported by code and fire officials nationwide, as well as the ICC Fire Code Action Committee, and it was approved for inclusion in the 2018 ICC Codes.
The issue of fires in apartments will continue to be a major issue in 2017-2020. Ideas and additional changes, in addition to the one supported by the industry and approved for the 2018 codes, are already coming forward for discussion and consideration for changes in the 2021 codes.
Regulatory Reform
Why It Matters: At a time when the multifamily industry is facing increasing pressure to meet booming demand, an overly burdensome regulatory infrastructure is forcing financers, developers and operators to manage numerous compliance hurdles and rising costs. The industry, and particularly apartment owners and developers, must balance a wide array of concerns regarding project viability, regulatory cost and compliance at all levels of government. Existing federal regulations from a wide range of federal agencies including HUD, EPA, DOL, OSHA and DOE contribute to making housing less economically feasible to develop. While well- intentioned in nature, some regulations have negatively impacted the development and management of multifamily housing at a time when our industry strives tirelessly to address the shortage of housing for American families. Regulations should have demonstrable benefits that justify the cost of compliance and that federal agencies should be aware that broad-stroke regulations often have disproportionate effects on industries that serve as key drivers of our economy.
What We Are Doing: Continuing to advocate for regulatory reform. In March, NMHC/NAA sent a letter to President Trump highlighting some of the specific federal regulations that slow or prevent development of housing that is affordable, challenge otherwise legitimate business practices designed to ensure safe and decent housing for residents, decrease access to capital and make it difficult to transfer family-owned businesses from one generation to another. We are urging the Administration and leaders in Congress to provide guidance or clarity, repeal or reform and provide on inefficient or outdated rules and regulations to encourage economic growth, spur job creation and further expand housing for all Americans.
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NMHC Legislative and Regulatory Team
Cindy Chetti, Senior Vice President, Government Affairs Betsy Feigin Befus, General Counsel Matthew Berger, Vice President, Tax Lisa Blackwell, Vice President, Housing Policy David Borsos, Vice President, Capital Markets Paula Cino, Vice President, Construction, Development and Land Use Policy Lisa Costello, Vice President, Political Affairs Kevin Donnelly, Vice President, Government Affairs Eileen Lee, Vice President, Energy and Environmental Policy Ron Nickson, Vice President, Building Codes Kimble Ratliff, Senior Director, Government Affairs Julianne Goodfellow, Director, Government Affairs Hailey Ray, Manager, NMHC PAC Connor Dunn, Associate, Government Affairs
Communications and Industry Initiatives Staff
Kim Duty, Senior Vice President, Public Affairs and Industry Initiatives Rick Haughey, Vice President, Industry Technology Initiatives Jim Lapides, Vice President, Strategic Communications Sarah Yaussi, Vice President, Industry Communications Alison Johnson, Director, Programming Colin Dunn, Director, Policy and Advocacy Communications Devin Bartley, Associate Director, Web and Digital Communications Ashley Moghari, Manager, Marketing and Communications Projects Racquel Madlala, Associate, Communications
15 Updated September 2017
NMHC POLITICAL ACTION COMMITTEE (PAC) REPORT
NMHC PAC Board Report September 2017
NMHC’s political action committee, NMHC PAC, supports the apartment industry’s legislative goals, educates Congress about multifamily housing issues and encourages participation in the political process.
• NMHC PAC Receipts and Disbursements: As of August 25, there are 762 employees from 134 NMHC member firms that have contributed $1,007,679 to NMHC PAC. This is 81% of the $1.25m fundraising goal the committee set for this off-election year. To date, 97 NMHC members are part of the maxed out donor program donating $5,000 individually.
The NMHC PAC and government affairs staff are executing the 2017/2018 PAC Disbursement Budget. The budget outlines the plan to spend approximately $2.8 million this election cycle. The bulk of the contributions are slated for key Congressional leadership and committees with purview over critical legislative issues including tax and housing finance reform, reauthorization of the National Flood Insurance Program, housing affordability, telecommunication and technology, building codes, HUD rental assistance programs, building codes and energy efficiency. The NMHC staff also focuses on the critical regulatory issues impacting the industry’s day to day operations such as fair housing, resident credit and criminal screening, broadband deployment and completion issues and on issues that specifically impact both the privatized military housing and student housing industries.
During this off-election year, to date, NMHC PAC has disbursed $1.075 million to 208 Congressional campaigns, leadership PACs and party committees. Many of these contributions continue to be made to lawmakers at small, targeted fundraising events hosted by real estate industry groups.
Employees of the following firms have contributed $15,000 or more in 2017: Alliance Residential, AMLI Residential, ARA Newmark, The Bozzuto Group, Bridge Investment Group, Camden Property Trust, CBRE, Cushman & Wakefield, Equity Residential, Gables Residential, Heritage Title Company of Austin, HFF, Holland Partner Group, JLL, Legacy Partners Residential, Lincoln Property Company, National Multifamily Housing Council, Trammell Crow Residential, UDR, and Wood Partners.
The top five firms for employee contributions to date are: ARA Newmark ($59,350), JLL ($58,601), Alliance Residential ($52,955), CBRE ($50,600), and The Bozzuto Group ($40,100).
• NMHC PAC Co-Hosted Events: A significant amount of NMHC PAC funds are used co-hosting small real estate specific events allowing NMHC’s government affairs team to educated lawmakers on the importance of the multifamily industry and on the issues impacting our members’ bottom lines.
• NMHC Personal Dollar Campaign: To strengthen the multifamily industry’s voice and visibility, the NMHC PAC committee created the Personal Dollar Campaign Program. In addition to events based in Washington, the NMHC PAC Committee continues to expand the personal dollar initiative and encourages NMHC executives to contribute directly to candidates at the federal level who are supportive of the apartment industry. This program helps NMHC leverage the level of political support attributed to the multifamily industry beyond the current Federal Election Commission (FEC) limits that govern NMHC PAC disbursements. By supporting this effort, NMHC members send a unified message in a political environment that is increasingly crowded to the key members of Congress with jurisdiction over the multifamily industry.
• NMHC PAC Prior Authorization: Federal law requires member firms of NMHC to sign a Prior Authorization Form in order for the executive or administrative personnel of the firm to receive NMHC PAC information and/or be legally solicited for voluntary PAC contributions. Individual members do not need to sign Prior Authorization Forms. These signed forms allow NMHC staff to communicate with
member firms about the importance of NMHC PAC and NMHC’s advocacy efforts on behalf of the industry. NMHC PAC only solicits lead and alternate representatives at member firms. NMHC conducts prior authorization campaigns at the beginning of each year.
• 2017 NMHC Political Action Committee Leadership: Sue Ansel, President and CEO of Gables Residential, serves as the NMHC PAC Chairwoman. She is supported by the NMHC PAC Committee, which plays a critical role in fundraising and oversight.
The 2017 NMHC PAC Committee members are: Sue Ansel, Gables Residential – PAC Chairwoman Bruce Barfield, Rainmaker LRO Bill Bayless, American Campus Communities Laura Beuerlein, Heritage Title Company Diane Butler, Butler Advisers Mike Darling, Walker & Dunlop Marc deBaptiste, ARA Newmark Bob DeWitt, GID Alan George, Equity Residential Bob Hart, TruAmerica Multifamily Margette Hepfner, Lincoln Property Company Clyde Holland, Holland Partner Group Will Mathews, Colliers International Arlene Mayfield, RentPath Jim McGinley, Monogram Residential Trust Mike Miller, AUM Greg Mutz, AMLI Residential Keith Oden, Camden Property Trust Donna Preiss, The Preiss Company David Schwartz, Waterton Residential John Sebree, Marcus & Millichap/Institutional Property Advisors Jeff Stack, SARES*REGIS Group Paul Stell, The Stellar Family of Companies Leonard Wood, Jr., Trammell Crow Residential
For any questions or additional information about the PAC, please contact Lisa Costello, Vice President of Political Affairs, at 202-974-2325 or [email protected]. You may also learn more at www.nmhc.org/pac.
2017 NMHC PAC Receipts (As of August 25, 2017)
Total Contributions: $1,007,679 Total Contributors: 762 Total Firms Participating: 134
Abacode Cybersecurity Experts Keri Conyers $200 Kirk Downey $100 Kimberly Bucklew $1,000 $100 Kurt Robertson $1,000 AIMCO Laura Dobslaw $50 Adam Schultz $100 Marc Chasman $2,000 Patti Shwayder $500 Marina Blixt $250 Terry Considine $2,000 Michael Ging $2,000 $2,600 Michael Jones $10 Alliance Residential Nicholas Chapman $5,000 Amy Corcoran $50 Peter Solar $250 Brad Cribbins $1,000 Rachel Davidson $150 Bruce Ward $5,000 Robert Hall $1,000 Cameron Omoto $150 Robert Hicks $500 Carol Nelson $500 Robert Weston $2,500 Charles Patten $250 Russ Kindorf $2,000 Christina Putman $25 Russell McCollough $500 Christopher Olsen $100 Sarah Malone $100 Christy Sanchez $50 Scott Pechersky $250 Connie Spalla $100 Sherida Colvin $200 Cyrus Bahrami $500 Stephanie Nascimento $500 Daniel McCadden $1,500 Stephen Sweet $2,000 Donald Santos $250 Thomas Brewer $500 Douglas Leventon $250 Todd Oglesby $1,000 Dustin Smith $500 Tom Lewis $1,000 Elizabeth Karl $300 Tonya Decker $250 Emelia Dziadon $100 Tracey Carboun $50 Greta Schneider $200 Tracy Brunetti $500 Ian Swiergol $1,000 Travis Baker $20 James Krohn $5,000 $52,955 Jay Hiemenz $5,000 Jeffrey Krohn $250 Allied Orion Group John Rippel $5,000 Gene Blevins $2,500 John Viscichini $1,000 Ian Douglas $2,500 Kelly Berchtold $100 Ricardo Rivas $2,500 Tim Myers $5,000 Curtis Gardner $5,000 $12,500 Debra Corson $3,500 The Altman Companies Doug Andrews $5,000 Brett Kapuler $250 Gail Neuburg $2,500 Christina DeFranceschi $33 Holly Minter $1,000 Christina Webb $180 Jeffery Hawks $2,500 Christopher Tanis $130 Kevin Judd $2,500 Derek Uhler $250 Kevin O'Boyle $250 Gary Glenewinkel $1,000 Lisa Robinson $250 Jeffrey Roberts $750 Malcolm Crowther $1,000 Joel Altman $5,000 Marc deBaptiste $5,000 Marisa Crescenzi $26 Mark Leary $5,000 Max Stamos $500 Martin Leith $2,500 Mike Jarosz $130 Michael Byrne $2,500 Sheldon Edwards $65 Robert Black $250 Sulay Nunez $130 Sam Lawhead $1,000 Thomas Barganier $250 Sean Wood $2,500 Timothy Peterson $750 Steven Rudesill $1,000 Valerie Palmer $25 Susan Goldberg-Lawson $1,000 $9,469 Thomas Greeley $250 American Campus Communities Tri Tran $100 Daniel Perry $1,000 $59,350 James Hopke $5,000 ArchCo Residential William Bayless $5,000 Neil Brown $5,000 William Talbot $2,500 $5,000 $13,500 AUM AMLI Residential Linda Alperin $250 Allan Sweet $1,000 Mark Coffman $250 Andrew Mutz $2,000 Melissa Croce $100 Daniel Gladden $250 Michael Miller $5,000 Fred Schreiber $2,500 Patrick Flanigan $1,000 Greg Mutz $5,000 $6,600 James McCormick $500 AvalonBay Communities Jason Armison $400 Becky Ault $100 Leslie Silverman $500 Edward Schulman $1,500 Maria Banks $300 Leo Horey, III $2,500 Matthew Elley $100 Michael Feigin $500 Nicole Tague $100 Sean Breslin $2,500 Philip Tague $2,500 Stephen Wilson $1,500 Scott Koppelman $1,500 Tim Naughton $5,000 Stephen Ross $750 $13,600 $17,400 Avanath Capital Management ARA Newmark Daryl Carter $5,000 Andrew White $2,500 $5,000 Blake Okland $5,000 AZUMA Blake Pera $1,000 Phillip Bogucki $300 Brian O'Boyle, Jr. $1,000 BJ Rosow $5,000 Brian O'Boyle, Sr. $5,000 $5,300 Casey Griffin $250 Bainbridge Daniel High $100 Richard Schechter $5,000 David Mandes $750 $5,000 David Schorr $500 Bedford Cost Segregation Dawn Beckles $500 Joseph Viery $100 Doreen Trongone-Ciezki $500 $100 Glen Seidlitz $250 Bell Partners Hilary Goldfarb $750 Anne Ossewaarde $500 Jeff Grant $500 Christie Jordan $125 Jeffrey Kayce $850 Darren Carrington $200 John Martin $750 Erin Ditto $500 John Slidell $750 Evan Bell $1,000 JoLynn Bird-Scotch $850 Hale McNinch $125 Joshua Peters $750 Jami Moore $125 Julie Smith $3,000 John Maurer $500 Keith Harris $1,000 John Tomlinson $1,000 Kelly Arslanian $500 Jonathan Bell $1,000 Kelly Cantley $750 Joseph Cannon $500 Lauren Jezienicki $1,000 Kevin Thompson $500 Liesa Wilburn $500 Lili Dunn $1,000 Lisa Williams $500 Nickolay Bochilo $500 Michael Barry $500 Salman Mujahid $125 Michael Green $1,000 Stephen Hancock $125 Michael Henehan $850 Steven Bell $1,000 Michael Schlegel $2,000 Wes Winterstein $125 Nancy Goldsmith $850 $8,950 Richard Mostyn $3,000 Bergstrom Investment Management Stephanie Williams $2,000 Kelley Bergstrom $2,500 Steve Strazzella $2,000 $2,500 Thomas Bozzuto $5,000 Berkadia Toby Bozzuto $5,000 Laura Cathlina $1,000 Todd Jarrett $500 Ryan Epstein $1,000 $40,100 $2,000 Bridge Investment Group Berkshire Property Advisors Bertt Kalesky $500 Alan King $1,000 Danuel Stanger $5,000 $1,000 David Minnick $5,000 Berkshire Residential Development Dean Allara $500 Brian Murdy $500 Eric Heffner $1,000 $500 Gino Ferro $250 Blue Ridge Companies Jennifer Luikens $250 Chris Dunbar $1,250 Ken Metz $100 David Couch $1,250 Kevin Anderson $500 $2,500 Micah Brown $250 The Bozzuto Group Robert Morse $2,500 Adanise Cross $500 $15,850 Audra Vernier $250 Brown Realty Advisors Brad Coker $250 Walter Miller $250 Brian Valle $500 $250 Chad Cooley $850 Butler Advisers Carter Haston Holdings Diane Butler $2,500 James Shanks $250 $2,500 L. Marc Carter $2,500 Cambridge Management $2,750 Thomas Scott $250 CBRE $250 Abraham Appert $500 Camden Property Trust Amanda Siuda $250 Alex Jessett $1,250 Andrew Behrens $1,500 Amy Funk $500 Benjamin Roelke $500 Ashley Anderson $250 Brian Eisendrath $2,500 Ben Fraker $500 Brian McAuliffe $2,500 Benjamin Mills $500 Brian Stoffers $250 Bobby Rivers $500 Bryan McAllister $1,000 Chad Weaver $500 Casey Knust $500 Claude Joyce $500 Colleen Lally $100 Cynthia Scharringhausen $1,250 David Webb $2,500 Dawn Mathwig $500 Don Brais $2,000 Edward Malone $500 Gregory Halloran $100 Gregory Golick $500 Jaclyn Fitts $250 Herbert Stewart $2,500 Jamie Shafer $500 James Whorton $500 Jay Wagley $500 Jean Harding $500 Jeffrey Hurley $500 Josh Lebar $1,250 Jeffrey McVehil $1,000 Keith Oden $5,000 Jefrey Henderson $500 Kimberly Callahan $1,250 Kathleen Frost $150 Kip Zacharias $500 Keith Collins $500 Kristy Simonette $1,250 Kelly Kennedy $1,000 Laura Little $500 Kevin Geiger $1,000 Laurie Baker $1,250 Kyle Draeger $2,500 Margaret Plummer $500 Laurie Lustig-Bower $500 Mark Bucci $500 Leslie Duchene $250 Melinda Graham $500 Matt Pesch $1,000 Michael Brown $500 Maximiliane Thiels $1,000 Michael Gallagher $1,250 Michael Bryant $500 Richard Campo $5,000 Michael Mandelbaum $250 Richard Key $500 Michael Muldowney $1,750 Robert Herr $500 Mitchell Kiffe $2,500 Ross Wehman $500 Peter Donovan $5,000 Sarah Barletta $500 Richard Jordan $1,500 Stanley Jones $500 Robert Miller $250 Steve Hefner $1,250 Scott Brady $1,000 Thomas Sloan $1,250 Sean Cunningham $1,000 Todd Triggs $500 Sharon Kline $1,000 William Sengelmann $1,250 Stephanie McFadden $1,000 $36,750 Stephen Wendel $500 Campus Apartments Tracy Kennedy $5,000 David Adelman $5,000 Troy Tegeler $1,000 $5,000 Tyler Anderson $2,500
William Connolly $500 Crow Holdings $50,600 Dodge Carter $1,000 CF Real Estate $1,000 Byron Cocke $5,000 Cushman & Wakefield $5,000 Andrew Merin $1,000 Citymark Capital Andrew Posil $100 Daniel Walsh, Jr. $1,000 Anthony Liberto $100 $1,000 Brandon Whitesell $1,000 The Collier Companies Brett Polachek $250 Nathan Collier $5,000 Brian Whitmer $500 $5,000 Byron Moger $2,500 Colliers International Chris Spain $1,250 Brandon Geraldo $500 David Fogler $500 Craig Stack $500 Donald Murphy $200 Cynthia Cooke $1,000 Edward Nwokedi $250 David Schumacher $500 James Adams $1,500 James Devincenti $500 James Crews $500 Kathryn Wallace $250 Jason Parr $250 Ron Cameron $1,000 John Alascio $750 Tyler Hague $500 John Ballard, Jr. $1,500 William Mathews $3,000 John Feeney $700 William Morkes $500 Joseph Beaudoin $250 $8,250 Josh Goldfarb $2,500 CONTI Organization Karen Iman $500 Carlos Vaz $1,100 Kip Paul $1,000 Stewart Hsu $1,100 Marc Renard $2,500 $2,200 Marc Robinson $2,500 Continental Properties Company Michael Kemether $1,750 Angelo Eguizabal $500 Michael McNamara $1,000 Christopher Moore $250 Michael Ryan $50 Daniel Minahan $2,000 Nicole Keelty $100 Edward Madell $500 Robert Given $1,000 Erik Hahn $500 Robert Stickel $2,500 Gerry Severson $500 Scott Koethe $250 James Schloemer $5,000 Scott Pollom $100 John Minahan $250 Steven Nicoluzakis $250 Kimberly Grimm $600 $29,100 Paul Seifert $500 D2 Demand Solutions $10,600 Donald Davidoff $1,000 Convergence Multifamily Jessica Mills $175 Lauren Brockman $5,000 $1,175 $5,000 Davlyn Investments Cortland Partners Jon Williams $2,000 Steve DeFrancis $5,000 Paul Kerr $2,000 $5,000 $4,000 Crescent Communities DC Partners Brian Natwick $250 Douglas Crocker, II $1,500 James Curran $500 $1,500 $750 Demmon Partners Rosemary Laprete $700 Charles Demmon $5,000 Susan Ansel $5,000 Thomas Walsh $1,000 $16,350 $6,000 Eastdil Secured GID Brenden Flood $500 Robert DeWitt $5,000 $500 $5,000 ECI Group Gray Holdings Seth Greenberg $5,000 Lawrence Gray $1,000 $5,000 $1,000 Eden Multifamily GrayCo Jay Massirman $1,000 Paul Sheehy $250 $1,000 $250 EdR Greystar Real Estate Randy Churchey $5,000 Allison Bradshaw $100 $5,000 Damon Fuller $100 Edward Rose & Sons Daniel Rolewski $125 Warren Rose $5,000 David Reid $250 $5,000 Deborah Webre $100 Entrata Gerald Brand $200 Robert Weathers $50 Lisa Taylor $500 $50 Lydia Bishop $200 Equity Residential Rebecca Miller $100 Alan George $5,000 Robert Elliott $150 Charles Atwood $2,500 Scott Wise $1,000 David Neithercut $5,000 Stacy Hunt $500 John Neal $2,500 Tina Pirtle $150 Linda Bynoe $2,500 $3,475 Mark Parrell $2,500 Haley Real Estate Group Mary Kay Haben $2,500 Daniel Clatanoff $500 Sam Zell $5,000 $500 $27,500 Hanover Company Fogelman Properties Murry Bowden $5,000 Mark Fogelman $500 Polly Bowden $5,000 Richard Fogelman $500 $10,000 $1,000 Heitman Fore Property Company James Bachner $1,000 Jonathan Fore $5,000 $1,000 $5,000 Heritage Title Company of Austin Gables Residential Gary Farmer $5,000 Cristina Sullivan $2,000 Jan Dwyer $5,000 David Reece $1,500 Laura Beuerlein $5,000 Dawn Severt $2,000 Steve Beuerlein $5,000 Dennis Rainosek $1,500 Susan Farmer $5,000 Helen Poorman $250 $25,000 John Ladson $400 HFF Joseph Wilber $2,000 Alan Lync $250 Michael Brown $750 Blake Rogers $1,000 Richard Perry $250 Brian Crivella $250 Brian Kelly $500 Humphreys & Partners Architects Campbell Roche $250 Brad Lutz $500 Chris Curry $250 Brooke Iosue $50 Chris Young $100 Kay Ahrens $100 Christopher Faneuf $1,000 Mark Humphreys $5,000 Christopher Ross $500 $5,650 Cory Fowler $250 Hunt Mortgage Group Denise Fansler $100 John Larson $1,100 Elliott Throne $500 $1,100 Greg Toro $250 InfoTycoon Hunter Combs $100 Kevin George $250 Ira Virden $2,500 Peggy Robinson $100 Jason Nettles $500 $350 Jeff Glenn $250 The Irvine Apartment Communities Jordan Robbins $1,000 Raymond Barrows $1,000 Joy Rippel $150 $1,000 Justin Good $100 JLL Kris Lowe $100 Alisan Rutland $500 Marty O'Connell $250 Andrea Howard $1,000 Matt Kafta $300 Art Barnes $500 Matthew Lawton $2,500 Bill Simmons $1,000 Matthew Mitchell $100 Brian Kelleher $5,000 Matthew Schoenfeldt $500 Christine Espenshade $2,500 Megan Thompson $250 Corey Marx $1,000 Mike Higgins $200 Darcy Miramontes $1,000 Mona Carlton $2,500 David Fersing $500 Robert Key $500 David Gutting $5,000 Roberto Casas $1,000 David Williams $5,000 Roger Edwards $100 Derrick Bloom $5,000 Roland Merchant $1,000 Faron Thompson $5,000 Ryan Fitzpatrick $1,001 Jeff Price $5,000 Sean Deasy $2,500 Jessica Wolters $2,500 Sean Fogarty $500 Jim Sewell $1,000 Sean Sorrell $500 Jorg Mast $1,000 Todd Marix $1,000 Karen Shea $100 Walter Coker $250 Kevin Filter $5,000 Wickliffe Kirby $250 Kip Malo $1,000 William Miller $1,000 Mark Brandenburg $500 Zachary Nolan $100 Michael Coyne $1,000 $26,201 Moses Siller $1,000 Holland Partner Group Scott Lamontagne $2,501 Bob Coppess $5,000 Scott Streiff $500 Clyde Holland $5,000 Timothy Jordan $2,500 John Wayland $2,500 Travis D'Amato $1,000 Ram Fullen $5,000 Vincent Lefler $1,000 Rena Holland $5,000 $58,601 Thomas Warren $5,000 JVM Realty Corporation Tom Parsons $5,000 William Annibali $250 $32,500 $250 Kettler $3,500 Robert Kettler $5,000 Madera Residential $5,000 Charles Young $2,500 David Marcinkowski $5,000 Lantower Residential Jeffery Lowry $2,500 Philippe LaPointe $1,000 $10,000 $1,000 Maxus Properties LeaseTerm Solutions Michael McRobert $5,000 Richard Schreiber $1,000 $5,000 $1,000 MG Properties Group LeCesse Development Corporation Mark Gleiberman $2,500 Salvador Leccese $1,000 $2,500 $1,000 Milestone Management Legacy Partners Residential Steve Lamberti $2,500 Alexis Chartouni $500 $2,500 David Marta $600 Mill Creek Residential Trust David Pinto $200 Charles Brindell, Jr. $2,500 Dean Henry $5,000 $2,500 Derek Avery $500 Monogram Residential Trust Douglas Woo $1,000 James McGinley III $1,000 Guy Hays $1,000 Robert Hodge $200 Kerry Nicholson $400 $1,200 Mark McKallor $250 Moran & Company Preston Butcher $5,000 David Martin $1,000 R. Lane Cutter $150 Mary Ann King $2,500 Robert Calleja $800 Paul Harris $1,000 Scott Morrison $1,000 Randal Howard $1,000 Steffenie Evans $200 Thomas Moran $5,000 Timothy O'Brien $1,000 $10,500 $17,600 NALS Apartment Homes Legend Management Group Casey Brennan $500 Ruth Eisenhauer $250 Henry Nevins $5,000 $250 Michael Schell $2,500 LEM Capital $8,000 Herbert Miller $1,000 National Multifamily Housing Council Jay Eisner $1,000 Ashley Moghari $50 $2,000 Caitlin Walter $120 Lincoln Property Company Cindy Chetti $5,000 A. Mack Pogue $5,000 David Borsos $2,000 Charles Shallat $2,000 David Knerler $120 Duncan Slidell $500 Deanita T Davis $250 Jeff Franzen $5,000 Deborah Lee $500 Margette Hepfner $1,500 Doug Bibby $5,000 Scott Wilder $1,000 Eileen Lee $500 Tim Byrne $5,000 Hailey Ray $200 $20,000 James Kimble Ratliff $1,000 MAA Jennifer Angebranndt $250 Albert Campbell $1,000 Jim Lapides $199 H. Eric Bolton, Jr. $2,500 Julianne Goodfellow $100 Kenny Emson $5,000 Price Realty Corporation Kevin Donnelly $500 Michael Ochstein $5,000 Kimberly Duty $2,000 $5,000 Lisa Blackwell $500 Pritzker Realty Group Lisa Costello Greenhaus $240 Seth Martin $1,250 Mark Obrinsky $100 $1,250 Matthew Berger $175 Providence Management Paula Cino $250 R.L. Hutchinson $1,500 Sarah Yaussi $250 $1,500 Susan Yuk $50 Providence Management Company $24,354 Alan Pollack $4,000 The NHP Foundation Bruce LaMotte $4,000 Richard Burns $3,000 David Connolly $1,750 $3,000 Gevanda Andrews $199 Niles Bolton Associates Karen Phillips $300 G. Niles Bolton $5,000 Kelly Flynn $25 Ray Kimsey $500 Noel Wilner $350 $5,500 $10,624 NorthMarq Capital Rainmaker LRO Patrick Minea $500 Larry Bellack $100 Robert Toland $100 $100 Susan Blumberg $1,000 Raintree Partners $1,600 Aaron Hancock $250 Novare Group Jeffrey Allen $1,000 James Borders $500 $1,250 $500 RealPage Package Concierge Stephen Winn $5,000 Georgianna Oliver $1,000 Tamika McCuistion $1,000 $1,000 $6,000 Paradigm Development Company Renters Legal Liability Patricia Smith $500 Paul Kaliades $1,000 Stanley Sloter $500 $1,000 W. Clarke Ewart $500 RGH Ventures $1,500 Randolph Hawthorne $500 PAS Purchasing Solutions $500 David Onanian $5,000 SARES*REGIS Group $5,000 Allen Chamasmani $250 Passco Companies Amy Hutputtanasin $100 Gary Goodman $5,000 Christian Santos $100 $5,000 Christopher Payne $1,500 Peak Campus David Powers $500 Casey Petersen $100 Geoffrey Stack $5,000 $100 Glenn Bellovin $100 The Preiss Company Janet Griffith $100 Donna Preiss $5,000 Karen Bowman $100 Kirk Preiss $5,000 Kelly Vickers $100 $10,000 Laura Ontiveros $100 Mark Khatoonian $250 Mark Kroll $1,000 Michael Bissell $1,000 Justin Shay $500 Monique Von Lutzow Zitting $100 Robin Williams $500 Nancy Trujillo $100 $2,000 Robert Wagner $1,500 TVO Groupe Ryan Hinrichs $100 Russell Vandenburg $2,000 Sandy Pedersen $250 $2,000 Stacy Winn $100 UDR Stephanie Dalzochio $100 Andrew Cantor $500 Stephen Broadstone $100 Brad Hodack $500 Stephen Lanni $500 Christopher Van Ens $500 Susan Whitney $250 Cindy Shepardson $500 Virginia Bryant $500 David Thatcher $500 $13,800 Deiadra Burns $500 Specialty Consultants Dennis Sandidge $500 Thomas Williams $1,500 Douglas Fee $500 $1,500 Greta Donat $500 Sterling American Property Harry Alcock $1,000 Michael Katz $2,500 J. Abram Claude $500 $2,500 Jerry Davis $1,000 StreetLights Residential Kathleen Hullinger $500 Tom Bakewell $2,500 Louis Kovalsky $500 $2,500 Mary Akers $1,000 Taymil Partners Matt Cozad $500 Steven Astrove $1,500 Milton Scott Jr. $500 $1,500 Robert Koltiska $500 Trammell Crow Residential Robert McCullough $1,000 Alec Schiffer $500 Roger Laty $500 Alice Tanchel $500 Scott Wesson $1,000 Andrew Huntoon $500 Shawn Johnston $500 Ben Johnson $250 Thomas Toomey $5,000 Danny Sudbrack $500 Tim Yeager $500 Eric Erdossy $1,000 Tracy Hofmeister $500 Gillian Cho $500 Warren Troupe $2,500 James Berardinelli $500 William Licko $500 James Feeley $100 $22,500 Julie Davis $100 Updater Kenneth Valach $5,000 Ash Bell $250 Leonard Wood, Jr. $2,000 Jenna Weinerman $200 Matthew Schildt $1,000 $450 Nylavae Westlake $500 Walker & Dunlop Peggy Bertsch $1,500 Michael Darling $2,500 Robert Brooks $750 $2,500 Sean Rae $2,000 Wastepoint Susan Vickery $1,000 David Kantor $250 Taylor Moffatt $500 $250 Tyler Evje $300 The Wilkinson Group $19,000 Jerry Wilkinson $5,000 Transwestern $5,000 Dean Sigmon $1,000
Waterton Associates Todd Taylor $500 David Schwartz $5,000 Tom Burkert $500 Peter Kuzma $100 Will Chappell $500 $5,100 $20,000 Waypoint Residential Woodfield Investments Adam Fruitbine $1,000 Greg Bonifield $500 $1,000 Michael Schwarz $500 WC Smith Michael Underwood $500 Christopher Smith $500 Todd Jacobus $500 John Ritz $500 $2,000 $1,000 Woodmont Real Estate Services Weidner Property Management Ronald Granville $1,500 Dean Weidner $5,000 $1,500 Jack O'Connor $1,000 Yardi Systems $6,000 Jeffrey Adler $250 Wells Fargo Thomas McDermott $200 Vincent Toye $1,000 $450 $1,000 ZOM Companies Westdale Andres Lozano $75 Jeffrey Smith $5,000 Andrew Cretal $500 Joseph Beard $5,000 Brian Warner $250 $10,000 Chris Love $100 Wood Partners Dara Massimo $50 Alexander Panzeri $500 Darryl Hemminger $250 Bart Barrett $500 David Kubin $500 Bennett Sands $500 Gerard van der Laan $100 Bob Mueller $500 Graham Hatcher $500 Brian Hansen $500 Gregory West $5,000 Brian Pianca $500 Jason Haun $250 Bryan Borland $500 Jolene Kirkland $100 Carter Siegel $500 Kattya Via $100 Charles Barrus $500 Kyle Clayton $500 Clay Iman $500 Luis Reyes $250 David Thompson $500 Marc Zendle $50 Gil Dominy $500 Maureen McGinnis $100 Jeff Quinlivan $500 Michael Yasuna $100 Jim Lambert $500 Nick Rahman $200 Joseph Keough $5,000 Samuel Stephens, III $5,000 Mark Theriault $500 Shaun Fink $250 Matt Trammell $500 Susan Madden $25 Matthew Berry $500 Yvonne Fouts $25 Patrick Trask $2,000 $14,275 Richard Dickason $500 Ryan Miller $500 Scott Zimmerly $500 Sean Reynolds $500 Timothy McEntee $500 Todd McCulloch $500
2017-2018 DISBURSEMENTS
January 1, 2017 – August 25, 2017
U.S. House of Representatives
Member by Committee Party L-PAC Re-Elect Leadership James Clyburn, SC D $5,000 $2,500 Joseph Crowley, NY D $5,000 Steny Hoyer, MD D $5,000 $5,000 Ben Lujan, NM D $5,000 $5,000 Kevin McCarthy, CA R $5,000 $5,000 Nancy Pelosi, CA D $2,500 $5,000 Cathy McMorris-Rodgers, WA R $5,000 $5,000 Paul Ryan, WI R $5,000 $10,000 Linda Sanchez, CA D $3,500 Steve Scalise, LA R $5,000 Pete Sessions, TX R $2,500
Ways & Means Mike Bishop, MI R $3,500 Diane Black, TN R $2,500 Kevin Brady, TX R $5,000 $5,000 Vern Buchanan, FL R $2,500 Judy Chu, CA D $5,000 Carlos Curbelo, FL R $5,000 Suzanne DelBene, WA D $4,000 George Holding, NC R $4,000 Mike Kelly, PA R $3,000 $10,000 Ron Kind, WI D $5,000 John Larson, CT D $2,500 Sandy Levin, MI D $1,000 John Lewis, GA D $2,500 Kenny Marchant, TX R $5,000 Pat Meehan, PA R $5,000 Richie Neal, MA D $5,000 $5,000 Devin Nunes, CA R $5,000 Bill Pascrell, NJ D $2,000 Erik Paulsen, MN R $5,000 $5,000
Member by Committee Party L-PAC Re-Elect (Ways & Means Cont.) Tom Reed, NY R $1,500 $5,000 Dave Reichert, WA R $1,500 Jim Renacci, OH R $3,500 Tom Rice, SC R $5,000 Peter Roskam, IL R $5,000 $5,000 David Schweikert, AZ R $1,000 $5,000 Terri Sewell, AL D $2,500 $5,000 Jason Smith, MO R $1,000 $5,000 Adrian Smith, NE R $5,000 Mike Thompson, CA D $4,000 $5,000 Pat Tiberi, OH R $5,000 $10,000 Jackie Walorski, IN R $3,500
Financial Services Andy Barr, KY R $5,000 $5,000 Joyce Beatty, OH D $1,500 $5,000 Mike Capuano, MA D $1,000 William Lacy Clay, MO D $2,500 Emanuel Cleaver, MO D $5,000 $2,500 Charlie Crist, FL D $3,000 John Delaney, MD D $5,000 Sean P. Duffy, WI R $5,000 $5,000 Tom Emmer, MN R $3,000 Bill Foster, IL D $2,500 Jason Gottheimer, NJ D $5,000 Denny Heck, WA D $5,000 Patrick McHenry, NC R $5,000 $5,000 Jeb Hensarling, TX R $5,000 $5,000 French Hill, AR R $5,000 Jim Himes, CT D $5,000 $3,500 Trey Hollingsworth, TN R $1,000 Bill Huizenga, MI R $5,000 Randy Hultgren, IL R $4,500 Ruben Kihuen, NV D $3,000 Dan Kildee, MI D $1,000 Blaine Luetkemeyer, MO R $5,000 $5,000 Carolyn Maloney, NY D $5,000 $5,000 Gregory Meeks, NY D $2,500 $5,000 Luke Messer, IN R $5,000 Gwen Moore, WI D $2,500 Ed Perlmutter, CO D $5,000 Robert Pittenger, NC R $5,000 Bruce Poliquin, ME R $5,000
Member by Committee Party L-PAC Re-Elect (Financial Services Cont.) Dennis Ross, FL R $5,000 Keith Rothfus, PA R $1,000 Edward Royce, CA R $5,000 David Scott, GA D $5,000 Kyrsten Sinema, AZ D $5,000 Steve Stivers, OH R $5,000 Claudia Tenney, NY R $1,000 Juan Vargas, CA D $1,000 Nydia Velazquez, NY D $1,000 Ann Wagner, MO R $5,000 Maxine Waters, CA D $5,000 $5,000 Lee Zeldin, NY R $1,000
Energy & Commerce Gus Bilirakis, FL R $1,000 Marsha Blackburn, TN R $2,000 Tony Cardenas, CA D $5,000 Yvette Clarke, NY D $2,000 Ryan Costello, PA R $1,000 $3,000 Brett Guthrie, KY R $3,500 Richard Hudson, NC R $2,000 Leonard Lance, NJ R $1,000 MarkWayne Mullin, OK R $2,000 Tim Murphy, PA R $1,000 Frank Pallone, NJ D $2,500 Scott Peters, CA D $3,000 John Shimkus, IL R $2,500 Fred Upton, MI R $1,000 Tim Walberg, MI R $2,000 Greg Walden, OR R $2,000
Appropriations Pete Aguilar, CA D $2,000 Mario Diaz-Balart, FL R $5,000 Rodney Frelinghuysen, NJ R $10,000 Tom Graves, GA R $3,000 David Joyce, OH R $2,000 Derek Kilmer, WA D $3,500 Tom Rooney, FL R $2,500 Dutch Ruppersberger, MD D $5,000 Mike Simpson, ID R $5,000 Scott Taylor, VA R $1,000 David Valadao, CA R $5,000
Armed Services Anthony Brown, MD D $1,500 Bradley Byrne, AL R $1,000 Joaquin Castro, TX D $2,000 Liz Cheney, WY R $2,000 Susan Davis, CA D $1,500 Mike Gallagher, WI R $1,000 Duncan Hunter, CA R $2,000 Garamendi, John, CA D $1,000 Steve Knight, CA R $4,000 Seth Moulton, MA D $1,000 Stephanie Murphy, NY D $2,000 Steve Russell, OK R $1,000 Martha McSally, AZ R $2,000 Adam Smith, WA D $2,500 Jackie Speier, CA D $1,000 Elise Stefanik, NY R $4,500 Mac Thornberry, TX R $5,000 Joe Wilson, SC R $1,000
Judiciary Hakeem Jeffries, NY D $1,500 Cedric Richmond, LA D $4,500 Lamar Smith, TX R $5,000
Transportation & Infrastructure Barbara Comstock, VA R $5,000 Rodney Davis, IL R $1,000 $1,000 Jeff Denham, CA R $5,000 $3,000 Drew Ferguson, GA R $1,000 Virginia Foxx, NC R $1,000 Marcia Fudge, OH D $1,500 Garret Graves, LA R $3,000 Sam Graves, MO R $2,500 John Katko, NY R $1,000 Sean Patrick Maloney, NY D $2,500 Brian Mast, FL R $1,000 Mark Meadows, NC R $2,000 Lisa Blunt Rochester, DE D $1,500 David Rouzer, NC R $2,000 Bill Shuster, PA R $5,000 Lloyd Smucker, PA R $2,000
Science and Technology Ann Kuster, NH D $2,500 Jim Costa, CA D $1,000
U.S. Senate
Member by Committee Party L-PAC Re-Elect Leadership John Barrasso, WY R $5,000 $3,000 John Cornyn, TX R $5,000 Dick Durbin, IL D $5,000 Mitch McConnell, KY R $5,000 Rob Portman, OH R $5,000 Chuck Schumer, NY D $5,000 John Thune, SD R $5,000
Banking Bob Corker, TN R $1,000 $5,000 Mike Crapo, ID R $5,000 Joe Donnelly, IN D $1,000 $5,000 Heidi Heitkamp, ND D $5,000 $2,500 Catherine Cortez Masto, NV D $2,500 Robert Menendez, NJ D $2,500 Mike Rounds, SD R $2,500 David Perdue, GA R $5,000 Tim Scott, SC R $1,500 Thom Tillis, NC R $5,000 Mark Warner, VA D $5,000
Finance Richard Burr, NC R $3,000 Ben Cardin, MD D $5,000 Tom Carper, DE D $1,000 $5,000 Bob Casey, PA D $5,000 Bill Cassidy, LA R $5,000 Chuck Grassley, IA R $2,500 Orrin Hatch, UT R $10,000 Dean Heller, NV R $5,000 Johnny Isakson, GA R $5,000 Claire McCaskill, MO D $5,000 Bill Nelson, FL D $2,500 $2,500 Debbie Stabenow, MI D $5,000 $5,000 Ron Wyden, OR D $5,000
Armed Services Tim Kaine, VA D $2,500 $2,500 Angus King, ME D $1,000 John McCain, AZ R $5,000
Member by Committee Party L-PAC Re-Elect Appropriations Susan Collins, ME R $5,000 Joe Manchin, WV D $5,000 Chris Murphy, CT D $5,000 Marco Rubio, FL R $5,000
Energy Jeff Flake, AZ R $5,000 Martin Heinrich, NM D $5,000 Mazie Hirono, HI D $1,000
Commerce Deb Fischer, NE R $5,000 $5,000 Cory Gardner, CO R $5,000 Gary Peters, MI D $5,000 Dan Sullivan, AK R $1,500 Roger Wicker, MS R $5,000
EPW Kirsten Gillibrand, NY D $5,000 $5,000 Jim Inhofe, OK R $5,000
2017-2018 Other Contributions
Party and Coalition PACs Party Amount Democratic Congressional Campaign Committee D $30,000 Democratic Senatorial Campaign Committee D $30,000 National Republican Congressional Committee R $30,000 National Republican Senatorial Committee R $30,000 MainStreet Republican PAC R $5,000 BOLD PAC D $5,000 CBC PAC D $5,000 MainStreet Partnership PAC R $5,000 MODSQUAD PAC D $5,000 New Democrat Coalition PAC D $5,000 Right NOW Women’s PAC R $5,000 Tuesday Group PAC R $5,000 VIEW PAC R $5,000
FUTURE MEETINGS CALENDAR
Future Meetings (as of 9/6/17)
Meeting City/State Location
2017
September 25-27, 2017 Tampa, FL Tampa Marriott Waterside Hotel Student Housing Conference & Exposition and Marina (Entire Membership and Non-members invited)
October 25-27, 2017 Las Vegas, NV Mandalay Bay Resort & Casino OPTECH Conference & Exposition (Entire Membership and Non-Members Invited)
2018
January 16, 2018 Orlando, FL Waldorf Astoria/Hilton Orlando Apartment Strategies Outlook Conference Bonnet Creek (Entire Membership and Non-Members Invited)
January 16-18, 2018 Orlando, FL Waldorf Astoria/Hilton Orlando Annual Meeting Bonnet Creek (Entire Membership)
April 17 & 18, 2018 Chicago, IL Omni Chicago Hotel Research Forum (Entire Membership)
May 9-11, 2018 Dallas, TX Four Seasons Hotel Spring Board of Directors Meeting (Board of Directors)
September 12-14, 2018 Washington, DC InterContinental at the Wharf Fall Board of Directors and Advisory Committee Meeting (Entire Membership)
Stay up-to-date with the NMHC meeting schedule by visiting www.nmhc.org/allmeetings.aspx SPEAKER BIOGRAPHIES Senator John Barrasso (R-WY) U.S. Senate
Senator John Barrasso has a long and distinguished career in both medicine and public service. In 2012, Barrasso was reelected to the U.S. Senate with over 75% of the vote to represent his home state of Wyoming.
He is the fourth-ranking member in the Senate Republican leadership as Chairman of the Senate Republican Policy Committee.
He serves on committees that directly impact Wyoming’s economy, energy interests, public lands, national parks and trade.
Senator Barrasso is known by many as Wyoming’s Doctor. During his 24 years as an orthopedic surgeon, Barrasso served as President of the Wyoming Medical Society and was named Wyoming Physician of the Year.
Barrasso has three children – Peter, Emma and Hadley. He and his wife Bobbi live in Casper.
Steve Case Revolution LLC
As Chairman and CEO of Revolution LLC, a Washington, D.C.- based investment firm he co-founded in 2005, Steve partners with visionary entrepreneurs to build significant ‘built to last’ businesses. Revolution invests in and actively helps build companies leveraging technology to disrupt existing markets. This includes both early and mid-stage growth companies through both the Revolution Growth fund, created in 2011, and the Revolution Ventures fund, launched in 2013. Revolution has backed more than 30 companies, including: sweetgreen, Zipcar, Revolution Foods, LivingSocial, Bigcommerce and Optoro.
Steve’s entrepreneurial career began in 1985 when he co-founded America Online (AOL). Under Steve’s leadership, AOL became the world’s largest and most valuable Internet company, driving the worldwide adoption of a medium that has transformed business and society. AOL was the first Internet company to go public and the best performing stock of the 1990s, delivering a 11,616% return to shareholders. At its peak, nearly half of Internet users in the United States used AOL. In 2000, Steve negotiated the largest merger in business history, bringing together AOL and Time Warner in a transaction that gave AOL shareholders a majority stake in the combined company. To facilitate the merger, Steve agreed to step down as CEO when the merger closed.
Steve’s passion for helping entrepreneurs remains his driving force. He was the founding chair of the Startup America Partnership — an effort launched at the White House to accelerate high-growth entrepreneurship throughout the nation. Steve also was the founding co-chair of the National Advisory Council on Innovation & Entrepreneurship, and a member of President Obama’s Council on Jobs and Competitiveness, where he chaired the subcommittee on entrepreneurship. In 2014, Steve was named a Presidential Ambassador for Global Entrepreneurship.
Steve has been a leading voice in shaping government policy on issues related to entrepreneurship, working across the aisle to advance public policies that expand access to capital and talent. He was instrumental in passing the JOBS (Jumpstart Our Business Startups) Act, and is active in advocating on behalf of immigration reform. In April, 2016, Steve released his #1 best-selling business book, The Third Wave, in which Case explains the ways newly emerging technology companies will have to rethink their relationships with customers, with competitors, and with governments; and offers advice for how entrepreneurs can make winning business decisions and strategies—and how all of us can make sense of this changing digital age.
Steve is also Chairman of the Case Foundation, which he established with his wife Jean in 1997. Together the Cases have invested in hundreds of organizations, initiatives and partnerships with a focus on leveraging the Internet and entrepreneurial approaches to strengthen the social sector. In 2010, Steve and Jean joined The Giving Pledge and publicly reaffirmed their commitment to give away the majority of their wealth to philanthropic causes.
Congresswoman Judy Chu (D-CA) U.S. House of Representatives
Judy Chu was elected to the U.S. House of Representatives in July 2009. She represents the 27th Congressional District, which includes Pasadena and the west San Gabriel Valley of southern California.
Rep. Chu currently serves on the powerful House Ways and Means Committee, which has jurisdiction over legislation pertaining to taxes, revenues, Social Security, and Medicare. In that Committee, Rep. Chu is a member of the Subcommittees on Health and Human Resources, giving her oversight over healthcare reform and crucial safety net programs.
She also serves on the House Small Business Committee, which has oversight of the Small Business Administration, and is a member of the Subcommittee on Economic Growth, Tax and Capital Access.
Chu was first elected to the Board of Education for Garvey School District in 1985. From there, she was elected to the Monterey Park City Council, where she served as Mayor three times. She then was elected to the State Assembly and then California’s elected tax board, known as the State Board of Equalization. In 2009, she became the first Chinese American woman elected to Congress in history.
Sean Conway Pillow Residential
Sean Conway is an avid traveler and CEO and Co-founder of Pillow, a company that makes short-term rental hosting easy, profitable, and compliant within Multifamily communities. Headquartered in San Francisco, the Company operates in 10 cities. Sean has a dream of making travel accessible for everyone and not just a luxury for some. Prior to Pillow, Sean was the Co-founder of Notehall, an online class and study notes provider, which was acquired by Chegg (NYSE: CHGG) in 2011.
Senator Bob Corker (R-TN) Senate Committee on Foreign Relations
In 2012, Tennesseans overwhelmingly elected Bob Corker to his second term in the U.S. Senate, where he serves as chairman of the Foreign Relations Committee and is an active member of the Banking Committee and the Budget Committee.
Bob was Tennessee’s commissioner of finance and mayor of Chattanooga before being elected to the Senate in 2006, but he spent most of his life in business.
At the age of 25, Bob started his own construction company with $8,000 in savings, eventually expanding operations to 18 states across the country.
It’s that results-driven businessman’s perspective that allowed him to make a mark early in his Senate tenure and become a pragmatic thought leader on fiscal and financial issues.
Bob quickly rose to prominence on the Banking Committee, where he became known for his no- nonsense, tough questioning of witnesses during the auto industry bailout and 2008 financial crisis. Bob also is a key voice in Congress on housing finance reform. A bipartisan bill he coauthored in 2013 has been called the “blueprint” for how our nation’s housing finance system should look in the future.
A key leader on our nation’s fiscal challenges, Bob is one of the few members of Congress to put pen to paper and produce a bill that would set our country on a path to fiscal solvency. As one of the most fiscally conservative members of Congress, he continues to fight against Washington’s all too common practice of “generational theft.”
Recognizing the important impact U.S. leadership and diplomacy abroad can have on our economy and national security, Bob also is an active leader on the Foreign Relations Committee. Since taking office in 2007, he has visited more than 70 countries to gain a deeper understanding of the strategic relationships between the U.S. and other nations, and in 2015, his colleagues elected him chairman. As the lead Republican on the committee, Corker works with his colleagues to set the committee agenda and help carry out legislative and oversight responsibilities.
Bob graduated from the University of Tennessee in 1974 with a degree in Industrial Management. He and his wife of 30 years, Elizabeth, live in Chattanooga. They have two daughters, Emily Corker, Julia and her husband Justin Spickard, and one grandchild.
Erik Eccles Urbandoor
Erik Eccles is a successful serial entrepreneur who, across multiple industries, has worked as a catalyst to grow markets. After 15 years of building his own companies and driving change at Cisco Systems and Yahoo!, Erik knows the intense work needed for success and how to engage customers, employees, and investors to build a business. Erik’s two prior successes are Jumpcut (acquired by Yahoo!) and Versly (acquired by Cisco). At Cisco, Erik and the full Versly team was a major figure in the development and launch of their cloud based collaboration platform, Cisco Spark. At Urbandoor, Erik and his team is now focused on helping multifamily benefit from the market transition beyond unfurnished apartments. Erik continues to invest in and advise for numerous startups.
Erik holds a degree in finance focused on venture from the University of Colorado Boulder where he was lucky enough to continue his competitive ski racing career. Erik works to live and spends his time with his wife Laura and two young kids in the San Francisco Bay Area as well as back in his hometown of Truckee, CA.
Dr. Mark Eppli Marquette University
Mark J. Eppli has 25 years of academic and administrative leadership experience, including a three year term as Interim Keyes Dean of Business Administration at Marquette University. Currently he is Professor of Finance and Bell Chair in Real Estate at Marquette. Prior to joining Marquette in 2002, he was Professor of Finance and Real Estate in the School of Business and Public Management at The George Washington University, where he directed the MBA program in Real Estate and Urban Development.
Dr. Eppli is widely published in commercial real estate finance, development, and valuation. His research has been published in journals including Real Estate Economics, Journal of Real Estate Finance and Economics, Land Economics, Journal of Fixed Income, Journal of Portfolio Management, Journal of Real Estate Research, Southern Economic Journal, Journal of Real Estate Literature, The Appraisal Journal, Real Estate Review, among others. Additionally, Dr. Eppli is coauthor of two books, the fourth edition of Real Estate Development: Principles and Process and Valuing the New Urbanism, both published by the Urban Land Institute.
Dr. Eppli serves on the board of a number of financial service, real estate development, and not-for- profit organizations. He regularly presents on commercial real estate and business economics and has received more than $500,000 in research and program grants.
Dr. Eppli has served as a consultant to finance, real estate and government entities. In 1997 he was the recipient of the Greater Washington Urban League’s “Volunteer of the Year” and in 1999 he received the Urban Land Institute’s “Star Performer” award for his efforts in attracting minorities to the real estate industry through outreach programs.
Dr. Eppli earned his PhD, MS, and BBA from the University of Wisconsin – Madison.
Congressman Adriano Espaillat (D-NY) U.S. House of Representatives
Congressman Espaillat currently serves as a member of the influential U.S. House Foreign Affairs Committee on Education and the Workforce, and the House Select Committee on Small Business. He is a member of the Congressional Hispanic Caucus (CHC) and serves in a leadership role as CHC Freshman Representative to the Democratic Caucus. He also serves as Chairman of the CHC Task Force for Transportation, Infrastructure and Housing. A steadfast champion for working- and middle-class New Yorkers, Congressman Espaillat is a staunch advocate of a fair living wage, immediate and effective investments in affordable housing, meaningful criminal justice reform, infrastructure improvements, expanded youth programs, and better educational opportunities.
Throughout the tenure of his career in public service, Congressman Espaillat has been a vocal advocate for protecting tenants, improving schools, and making serious, smart investments in economic development, job creation, and environmental protection. Prior to coming to Congress, he served as a New York State Senator during which he represented the neighborhoods of Marble Hill, Inwood, Washington Heights, Hamilton Heights, West Harlem, the Upper West Side, Hell's Kitchen, Clinton, and Chelsea.
While in the New York State Senate, Congressman Espaillat served as the Ranking Member of the Senate Housing, Construction, and Community Development Committee; Chairman of the Senate Puerto Rican/Latino Caucus; and as a member of the Environmental Conservation, Economic Development, Codes, Insurance, and Judiciary committees. Prior to his tenure as a state senator, he served in the New York State Assembly, and in 1996 became the first Dominican-American elected to a state legislature. In 2002, Espaillat was elected chair of the New York State Black, Puerto Rican, Hispanic and Asian Legislative Caucus.
Prior to entering elected office, Congressman Espaillat served as the Manhattan Court Services Coordinator for the NYC Criminal Justice Agency, a non-profit organization that provides indigent legal services and works to reduce unnecessary pretrial detention and post-sentence incarceration costs. He later worked as Director of the Washington Heights Victims Services Community Office, an organization offering counseling and other services to families of victims of homicides and other crimes, and as the Director of Project Right Start, a national initiative funded by the Robert Wood Johnson Foundation to combat substance abuse by educating the parents of pre-school children.
Congressman Espaillat is a proud father and grandfather.
Joe Fraiman Parallel
Joe Fraiman is the Co-founder/COO of Parallel, a next generation distributed accommodations company. His team is partnering with leading real estate companies to create a premium accommodations brand aimed at the modern business traveler, built on top of Parallel's best-in-class software platform.
Before founding Parallel, Joe was an early employee at Bridgewater Associates, where he spent 7 years. During that time Bridgewater went from a boutique investment firm to the largest hedge fund in the world. Joe started at Bridgewater as a software engineer and held a variety of technical roles before joining the firm’s sales team. His team raised over $2B for Bridgewater's fund before he left in 2011 to found his first startup, Tastemaker.
Joe is a native of Homer, Alaska. He has hiked 1000 miles on the Appalachian Trail, competed in 24-hr mountain bike races, climbed Mt. Kilimanjaro, and is a KCBS Certified Barbecue Judge. Joe studied Computer Science at Dartmouth and NYU.
Jason Fudin WhyHotel
Jason Fudin is the CEO and Co-Founder of WhyHotel. Prior to WhyHotel, Jason was the VP of Strategic Initiatives at Vornado Realty Trust where he worked on developing innovative commercial real estate concepts for the organization. Over his career, Jason has managed commercial real estate development projects valued at over $2 billion and has worked in development, acquisitions, and capital markets. He has his B.Eng. in Mechanical Engineering with a minor in Management from McGill University and his M.S. in Finance and Real Estate from American University.
Congressman Jeb Hensarling (R-TX) U.S. House of Representatives
First elected to Congress in 2002, Jeb Hensarling is a recognized conservative leader in Congress and an outspoken advocate for economic opportunity, individual liberty, and religious freedom.
As chairman of the House Financial Services Committee, Jeb is a leader in promoting consumer choice, competitive markets, and smart regulation in our financial markets. He was the only member of Congress to have introduced comprehensive reform legislation for Fannie Mae and Freddie Mac during the credit crisis, lauded in the media as “a concrete plan for fixing Fannie and Freddie.” Jeb was recognized by The New York Times for “leading the GOP Vanguard against the Bailout,” and was the only member of Congress to have introduced a legislative alternative to TARP during the heart of the credit crisis, which would have minimized taxpayer exposure and the politicization of the market.
A lifelong conservative dedicated to advancing the principals of faith, family, free enterprise, and freedom, Jeb was chosen by his congressional colleagues during the 112th Congress to chair the House Republican Conference—the fourth ranking leadership position in the House—and in the 110th Congress, he was elected chairman of the Republican Study Committee—the largest conservative caucus in the House. The Associated Press recently recognized Jeb’s consistency on conservative issues saying, “he made cutting federal spending, ending earmarks and reducing the size of government his priorities before the tea party came into existence.” In recognition of his relentless fight to cut wasteful Washington spending and remove barriers to job growth, Jeb was appointed to serve on the Congressional Oversight Panel for TARP, the National Commission on Fiscal Responsibility and Reform, and was most recently appointed co-chairman of the Joint Select Committee on Deficit Reduction.
Prior to the 112th Congress, Jeb served as the number two Republican on the House Budget Committee—under Paul Ryan—and has consistently fought to reduce our debt and stop out-of-control Washington spending. He is a co-author of the “Spending, Deficit, and Debt Control Act,” a landmark budget reform bill that was heralded as the “gold standard” of budget enforcement legislation by a coalition of conservative groups, including the Americans for Tax Reform, Citizens United Against Government Waste, Citizens for a Sound Economy, and the National Taxpayer Union. Jeb also authored the “Spending Limit Amendment”—a Constitutional amendment that would limit federal spending to no more than 20% of the economy—the historic average since WWII. For his work to rein in wasteful Washington spending and put our country back on a fiscally sustainable path, the National Review Online dubbed him “Rep. Budget Reform,” and The Dallas Morning News called him a “truth teller” who “has become one of the most important GOP members of Congress.”
Born in Stephenville, Texas, Jeb grew up working on his father’s poultry farm near College Station where he learned the value of hard work. His values were further solodified through his participation in Boy Scouts, where he earned the coveted rank of Eagle Scout. He earned a degree in economics from Texas A&M University in 1979 and a law degree from the University of Texas in 1982. Before coming to Congress, Jeb spent ten years in private business, serving as an officer for a successful investment firm, a data management company, and an electric retail company.
Jeb and his wife, Melissa, are members of St. Michael and All Angels Church, and reside in Dallas with their two children.
Margette Hepfner Lincoln Property Company
Margette Hepfner, Senior Vice President of Client Services for Lincoln Property Company, brings over 18 years of multifamily industry experience. Hepfner is changing up the company's approach to client services in addition to corporate marketing and strategic initiatives within Lincoln Property Company. She is responsible for building new client relationships, expanding existing relationships with institutional and high-net-worth clients, as well as identifying opportunities to grow Lincoln's third party management business across the country.
Margette is currently a member of the National Multi-Housing Council's Political Action Committee, Past Chairperson of the National Apartment Association's (NAA) National Suppliers Council and has served on numerous committees in both organizations. She holds a Bachelor of Science degree in Business Administration from the University of Texas at Dallas.
Congressman Jim Himes (D-CT) U.S. House of Representatives
Jim Himes represents Connecticut’s 4th District in the United States House of Representatives where he is serving his fifth term. He is a member of the House Committee on Financial Services, serves as the ranking member of the NSA and Cybersecurity Subcommittee of the House Permanent Select Committee on Intelligence, and is Chair of the New Democrat Coalition.
Jim grew up as the child of a single working mom in a small town. As a member of Congress, Jim works hard to provide all American children the same opportunities he had to succeed: access to a first- rate public school, affordable and effective health care, a decent and safe home, and a supportive community.
Born in Lima, Peru in 1966 to American parents, he spent the early years of his childhood in Peru and Colombia while his father worked for the Ford Foundation and UNICEF. As an American abroad, Jim grew up fluent in both Spanish and English and was raised with an awareness of the unique position of the United States in the world. At the age of ten, Jim moved with his mother and sisters to the United States.
Jim graduated from Hopewell Valley Central High School and then attended Harvard University. After completing his undergraduate work, Jim earned a Rhodes Scholarship, which enabled him to attend Oxford University in England where he continued his studies of Latin America, including research in El Salvador.
Prior to his service in Congress, Jim ran the New York City branch of The Enterprise Community Partners, a nonprofit dedicated to addressing the unique challenges of urban poverty. Jim’s team led the way in financing the construction of thousands of affordable housing units in the greater New York metropolitan region, often using new green technologies to achieve energy efficiency and reduce utility costs.
Jim’s experience at Enterprise spurred his involvement in politics. Putting his expertise in affordable housing to work, Jim served as a Commissioner of the Greenwich Housing Authority, ultimately chairing the board and leading it through a much-needed program of reforms. Jim went on to become an elected member of his town's finance board, setting tax and budget policy for Greenwich. Jim has also served as Chair of his local Democratic Town Committee, organizing others in the community to become more active in the political process.
Jim began his professional career at Goldman Sachs & Co. where he worked his way up to Vice President over the course of a 12-year career. There he worked extensively in Latin America and headed the bank’s telecommunications technology group.
Jim lives in Greenwich with his wife Mary and two daughters Emma and Linley.
Maksim Ioffe SubletAlert.com
Maksim Ioffe is a real estate investor and the founder of SubletAlert.com. He founded SubletAlert.com out of necessity for himself and his business partners, and it's since spread through word of mouth and become a must have illegal sublet monitoring service for property managers nationwide. Prior to SubletAlert.com, Maksim worked at and founded multiple technology companies. Maksim holds a Bachelor's in Computer Science from Carnegie Mellon University and lives in San Francisco, CA.
Congressman Erik Paulsen (R-MN) U.S. House of Representatives
In January 2017, Congressman Erik Paulsen was sworn in to serve his fifth term representing Minnesota’s Third Congressional District.
Paulsen's legislative agenda parallels the initiatives that make Minnesota a great place to live, work and raise a family: a strong economic climate for job growth, a fairly-funded and accountable education system, a well-preserved environment, safe communities, and tax reform for taxpayers and businesses.
Paulsen is a member of the Ways & Means Committee, which has jurisdiction over health care, economic and trade policy and is the chief tax writing committee in the House of Representatives. He supports pro-growth initiatives and believes that open markets are the key to a strong economy.
Erik is also a member of the Joint Economic Committee, a bicameral Congressional Committee composed of ten members from the U.S. Senate and the U.S. House of Representatives, which studies and performs research on matters relating to the U.S. economy, and advises Congress on how to best spur economic growth and create jobs.
Erik serves as co-chair of the House Medical Technology Caucus and is a leader in advocating for the medical technology industry, the life-saving technologies it provides to patients, and the hundreds of thousands of jobs it supports. In addition, he is co-chair of the Transatlantic Trade and Investment Partnership (TTIP) Caucus to promote trade with Europe.
Paulsen is also a leading advocate for combating sex trafficking and is the chief author of legislation to expand safe harbor laws to ensure minors who are trafficked are treated as victims instead of criminals by the justice system, as well as legislation to reform child welfare systems and protect vulnerable youth from sexual exploitation. Both bills passed the House of Representatives with overwhelming support.
Erik brings real-world experience to Capitol Hill with over 16 years of business experience, including working as a business analyst at Target Corporation. Before being elected to Congress in 2008, Paulsen represented Minnesotans for 14 years in the State Legislature where he served as House Majority Leader from 2003 to 2007.
He received his B.A. in mathematics from St. Olaf College and resides in Eden Prairie with his wife and their four daughters.
Senator David Perdue U.S. Senate
David Perdue is the junior Senator from Georgia. David is the only Fortune 500 CEO in Congress and has over 40 years of business experience as the former CEO of Reebok athletic brand and Dollar General stores, where he created thousands of quality jobs and helped working families make it from payday to payday. David was born in Macon, Georgia and raised in Warner Robins where he grew up working on his family farm. Both of David’s parents were school teachers, and from an early age David was taught the importance of hard work and a good education. At Georgia Tech, David earned a degree in Industrial Engineering and a master’s in Operations Research while working warehouse and construction jobs. After graduating, he married his wife Bonnie, whom he had met in the first grade and they have been married for 44 years. Prior to his decisive election to the U.S. Senate in 2014, David had never held public office and was inspired to shake up Washington and change the direction of our country. David is a champion for term limits for politicians, reining in out-of-control spending, growing the economy, and tackling our nation’s debt crisis. In 2016, David was an early supporter of President Donald J. Trump and continues to be one of the President's closest allies in the U.S. Senate. For the 115th Congress, David serves on the Armed Services Committee; Banking Committee; Agriculture Committee; and Budget Committee. His role on these powerful committees puts him at the intersection of solving our national debt crisis and global security crisis. David and Bonnie live in Glynn County, Georgia and attend Wesley United Methodist Church. They have two sons and three grandsons, who are their inspiration for coming to the U.S. Senate.
Glenn Richards Pillsbury Winthrop Shaw Pittman, LLP
Glenn represents VoIP and cloud communications service providers; satellite, wireless, long-distance and competitive local exchange carriers; broadcasters; equipment manufacturers; trade associations and others in transactional matters and before the FCC and state public utilities commissions. A partner in the firm’s Global Sourcing practice, Glenn also negotiates global telecommunications service contracts for large corporations. He also helps investors in communications companies manage regulatory risks associated with mergers, acquisitions, IPOs and financings.
Congresswoman Cathy McMorris Rodgers (R-WA) U.S. House of Representatives
Rep. Cathy McMorris Rodgers is Eastern Washington’s chief advocate in Congress and one of the rising stars in American politics. Since first being elected to the House in 2004, she has earned the trust of her constituents and praise on Capitol Hill for her hard work, conservative principles, bipartisan outreach, and leadership. She is currently serving as the Chair of the House Republican Conference, a position making her the fourth highest-ranking Republican, and the highest ranking female Republican in the House of Representatives. As someone who grew up on a family farm, worked at a small business, and later became a wife and mom, Cathy McMorris Rodgers has lived the American Dream, and she sees her chief goal in Congress as rebuilding that Dream for our children and grandchildren.
Speaker of the House Paul Ryan U.S. House of Representatives
Paul Ryan is the 54th Speaker of the U.S. House of Representatives. Now serving his tenth term in the House, he represents Wisconsin’s First Congressional District. Paul, his wife, Janna, and their three children, Liza, Charlie, and Sam, live in Janesville, Wisconsin. Son of Janesville A fifth-generation Wisconsinite, Paul is the youngest of four children born to Paul Sr. and Betty Ryan. When he wasn’t in school, he helped make ends meet by doing all sorts of odd jobs: painting houses, landscaping, mowing lawns. He graduated from Joseph A. Craig High School and later earned a degree in economics and political science at Miami University in Ohio. The Conservative Movement In 1992, Paul moved to Washington, D.C., where he learned from a number of conservative mentors. His first job was working as an aide to Senator Bob Kasten (R-WI) on the Senate Small Business Committee. After a disappointing election for Republicans, he left the Hill to do policy analysis at the think tank Empower America for former Congressman Jack Kemp (R-NY). (He met Kemp while waiting tables at the Capitol Hill restaurant Tortilla Coast.) In November 1994, Republicans won a majority in the House for the first time in 40 years. The next year, Paul returned to the Hill as legislative director to then-Congressman Sam Brownback (R-KS). Wisconsin’s First District In 1998, after moving back to Janesville, Paul won his first election to the House at the age of 28. He was the youngest member of his freshman class. While serving in Congress, he met his wife, Janna. In April 2000, he proposed at a favorite fishing spot, Big St. Germain Lake in Wisconsin. They were married in Oklahoma City later that year. Today, they live on the same block Paul grew up on, and they have three children: Liza, Charlie, and Sam. They are parishioners at St. John Vianney Catholic Church. Setting the Agenda In 2008, Paul received national attention for writing “The Roadmap for America’s Future,” a plan to spur economic growth by fixing the tax code and pay off the national debt by reforming Medicare and Social Security. In 2011, he became chairman of the House Budget Committee, where he incorporated many of the roadmap’s ideas into his budget proposal, “The Path to Prosperity.” The House of Representatives passed his budget proposal every year he was chairman—or four years in a row. In 2012, Paul was the Republican nominee for vice president of the United States. In 2013, he and Senator Patty Murray (D-WA) negotiated the first budget agreement in a divided Congress since 1986. Getting the Job Done In 2015, Paul became chairman of the House Ways and Means Committee. In the spring of that year, he led the effort to renew trade promotion authority for the first time since 2002. Paul also played an important role in the first significant Medicare reform in years.
In October 2015, after then-speaker John Boehner retired from Congress, Paul was elected speaker of the House. A committed conservative and public servant, Paul has spent his life advocating for real solutions that will expand opportunity for all Americans. And to the speakership, he brings that same passion for getting results. J.D. Vance Author
J.D. Vance is an investor, commentator, and author of the #1 New York Times best seller Hillbilly Elegy: A Memoir of a Family and Culture in Crisis, described by the National Review as a “brilliant book” and by The Economist as “one of the most important” reads of 2016. Ron Howard and Brian Grazer of Imagine Entertainment have announced plans to produce a movie based on Vance's book.
Raised by his working-class grandparents in Middletown, Ohio, Vance graduated from Middletown High School in 2003 and then immediately enlisted in the U.S. Marine Corps. During his time in the Marines, he deployed to Iraq in support of Operation Iraqi Freedom.
When he finished his four-year enlistment, Vance enrolled at Ohio State University, where he studied political science and philosophy, and helped coordinate the university’s bipartisan voter education drive in 2008. After graduating from college, he studied at Yale Law School, where he worked at Yale’s Veterans Legal Services Clinic, providing free legal counsel to veterans of our nation’s wars in Vietnam and Iraq. Vance earned his law degree in 2013.
After a stint at a large corporate law firm, Vance moved to San Francisco to work in the technology industry. He serves as a principal at the leading Silicon Valley venture capital firm Mithril Capital, cofounded by Peter Thiel and Ajay Royan. As an investor, Vance has taken a special interest in the biotechnology industry and other transformative sectors of the economy.
In early 2017, Vance joined as a partner in AOL founder Steve Case’s venture capital company, Revolution LLC, which concentrates on bolstering entrepreneurship and disruptive, high-growth companies outside of the sphere of Silicon Valley. He also returned home to Ohio to found Our Ohio Renewal, a nonprofit organization dedicated to addressing the state’s opioid crisis and bringing high- quality employment and educational opportunities to Ohioans.
He regularly discusses politics and public policy, having appeared on ABC, CBS, and FOX News, and currently serving as a contributor on CNN. Vance lives in Columbus, Ohio, with his wife and two dogs, where he works on his nonprofit and investment activities.
Senator Chris Van Hollen Chair, Senatorial Campaign Committee
Elected to the United States Senate by the people of Maryland in November 2016, Chris Van Hollenan is committed to fighting every day to ensure that our state and our country live up to their full promise of equal rights, equal justice, and equal opportunity. Senator Van Hollen believes that every child deserves the opportunity to pursue their dreams and benefit from a quality education, and that anyone willing to work hard should be able to find a good job. That’s why his top priorities include creating more and better jobs, strengthening small businesses, and increasing educational and job training opportunities for individuals of all ages and in every community. Senator Van Hollen started his time in public service as a member of the Maryland State Legislature, where he became known as a tenacious advocate for everyday Marylanders and someone who was unafraid to take on powerful special interests on behalf of working people. In 2002, he was elected to represent Maryland’s 8th Congressional District. In the House of Representatives, he served as a member of the Democratic leadership and was elected by his colleagues to be the Ranking Member of the House Budget Committee and protect vital interests like Social Security and Medicare. A tireless fighter for the people of Maryland, Senator Van Hollen has also become known for working hard to find common sense solutions to difficult national issues. In January 2015, he released a comprehensive plan to address the problem of growing inequality in America and provide a blueprint for building an economy that works for everyone — a goal that he will continue to fight for in the U.S. Senate. Senator Van Hollen is proud to have worked successfully with members of both parties to pass bipartisan legislation whenever possible on issues of common concern, including expanding medical research, protecting the Chesapeake Bay, fighting childhood cancer, and passing the ABLE Act to assist families with children with disabilities. Chris Van Hollen is a graduate of Swarthmore College, the John F. Kennedy School of Public Policy at Harvard University, and Georgetown University Law Center where he attended night school. He and his wife, Katherine Wilkens, are the proud parents of three children, Anna (26), Nicholas (25), and Alexander (21).
Melvin L. Watt Federal Housing Finance Agency
Born in Mecklenburg County, North Carolina on August 26, 1945, Mel Watt was a 1967 Phi Beta Kappa graduate of the University of North Carolina with a BS degree in Business Administration. In 1970 he received a JD degree from Yale University Law School and was a published member of the Yale Law Journal.
Mel practiced law from 1970 to 1992, specializing in minority business and economic development law. He served in the North Carolina State Senate from 1985 to 1986. He served in the U.S. House of Representatives from 1993 to 2014 as a member of the House Financial Services Committee and the House Judiciary Committee. He was confirmed by the U.S. Senate and was sworn in as the Director of the Federal Housing Finance Agency on January 6, 2014.
Mel is married to Eulada Paysour Watt, an educator. They have two sons, Brian and Jason, both graduates of Yale University, and three grandchildren. ATTENDEE LIST
As of August 31, 2017
NMHC Fall Board of Directors and Advisory Committee Meeting The Fairmont Hotel Washington, DC September 12 - 14, 2017
CJ Aberin Kim Ashley Roger H. Beless Principal Director, National Accounts Chief Operating Officer KBKG Brook Furniture Rental StreetLights Residential Pasadena, CA Lake Forest, IL Dallas, TX
Michael Adamo James G. Babb, III Michael Bensimon Director, Development Senior Managing Director Capital Markets Rose Associates, Inc. Bluerock Real Estate, LLC LGA Capital New York, NY New York, NY Rockville, MD
Jeffrey W. Adler Kenneth J. Bacon Matthew M. Berger Vice President Managing Partner Vice President, Tax Yardi Matrix RailField Realty Partners National Multifamily Housing Council Centennial, CO Bethesda, MD Washington, DC
Harry Alcock Dan Baker Kelley A. Bergstrom Senior Vice President, Asset Executive Vice President Chairman Management KeyBank Real Estate Capital Bergstrom Investment Management, UDR, Inc. Chicago, IL LLC Highlands Ranch, CO Key Colony Beach, FL Laurie A. Baker Rohit Anand Senior Vice President Casey Berman Principal Camden Property Trust Partner KTGY Architecture + Planning Houston, TX LIVEbe Vienna, VA Rockville, MD William C. Bayless, Jr. Scott E. Anderson CEO Peggy Bertsch Executive Vice President American Campus Communities Chief Administrative Officer American Realty Advisors Austin, TX Trammell Crow Residential Los Angeles, CA Dallas, TX Alexander S. Beaumariage Jennifer M. Angebranndt Program Manager - Affordable Housing Douglas M. Bibby Vice President, Meetings KeyBank Real Estate Capital President National Multifamily Housing Council Dallas, TX National Multifamily Housing Council Washington, DC Washington, DC Betsy Feigin Befus Susan Ansel General Counsel Lee Bienstock President and CEO National Multifamily Housing Council Real Estate Partnerships Gables Residential Washington, DC Google Fiber Dallas, TX Mountain View, CA
1 Kat Billesdon Thomas S. Bozzuto, Jr. Chris Bruen Regional Sales Manager President & CEO Senior Research Assistant On-Site.com The Bozzuto Group National Multifamily Housing Council Campbell, CA Greenbelt, MD Washington, DC
Ethan Bing Allison Bradshaw James A. Butz Senior Vice President Managing Director, Investments President, Managing Partner Starwood Capital Group Greystar Real Estate Partners, LLC Jefferson Apartment Group Greenwich, CT New York, NY Mc Lean, VA
Ian Bingham Adam C. Breen Michael Butz SVP, Client Services Managing Director Partner CF Real Estate Services LLC DRA Advisors, LLC Torchlight Investors Atlanta, GA New York, NY New York, NY
Robert Blackman Rene Bremauntz Larry Byars National Sales Manager - Commercial Principal Vice President Fairway Architectural Railing Solutions Allied Orion Group CallisonRTKL Hamilton Township, NJ Houston, TX Dallas, TX
Lisa E. Blackwell Stephanie Brock Brian C. Byrne Vice President, Housing Policy President Executive Vice President National Multifamily Housing Council U.S. Residential Group LLC Lincoln Property Company Washington, DC Dallas, TX Oak Brook, IL
Katie Bloom Lauren A. Brockman Lynn Calkins Managing Director Principal Partner Goldman Sachs Convergence Multifamily Real Estate Holland & Knight, LLP Irving, TX Group Washington, DC Denver, CO Jack Boarman Albert M. Campbell, III CEO Jeffrey Brodsky Executive Vice President & CFO BKV Group Vice Chairman MAA Minneapolis, MN Related Companies Memphis, TN New York, NY Valerie Bollin John M. Cannon Vice President of National Sales Phil Brosseau, Jr. Senior Vice President, Production and ForRent.com CBRE Sales Norfolk, VA Charlotte, NC Freddie Mac New York, NY Thomas Booher Brad S. Brown Executive Vice President Chief Acquisitions Officer Andrew Cantor PNC Real Estate Cortland Partners, LLC Vice President San Francisco, CA Atlanta, GA UDR, Inc. Highlands Ranch, CO David J. Borsos Neil T. Brown Vice President, Capital Markets CEO Sarah Cantrowitz National Multifamily Housing Council ArchCo Residential Vice President Washington, DC Atlanta, GA Ten-X Irvine, CA Peter J. Borstelmann Stephanie Brown Senior Vice President Director, Institutional Sales Kelli Carhart Bellwether Enterprise Real Estate Rainmaker LRO Vice President - Production & Sales Capital, LLC Alpharetta, GA Freddie Mac Pittsburgh, PA Austin, TX
2 Mona Keeter Carlton Cindy Chetti Nathan S. Collier Senior Managing Director Senior Vice President, Government Principal and Chairman HFF Affairs The Collier Companies Dallas, TX National Multifamily Housing Council Gainesville, FL Washington, DC Kevin Carr Sean M. Conway VP of Sales Tyler Christiansen CEO & Co-Founder Nexus Systems Senior Vice President Pillow Global, Inc. Falls Church, VA USA Entrata San Francisco, CA Lehi, UT Brad Carroll James P. Cooke Managing Partner John Cibinic Partner TriPost Capital Partners, LLC Partner Ballard Spahr New York, NY Beekman Advisors, Inc. Washington, DC Mc Lean, VA Daryl J. Carter Thomas L. Coolidge Chief Executive Officer Paula Cino Chief Executive Officer Avanath Capital Management Vice President, Construction, Nexus Systems Irvine, CA Development, and Land Use Policy Falls Church, VA National Multifamily Housing Council Washington, DC L. Marc Carter Lisa Costello Principal Vice President, Political Affairs Carter Haston Holdings, LLC Mary Dee Clancy National Multifamily Housing Council Nashville, TN Vice President Washington, DC Commonwealth Multifamily Housing Corporation Lee C. Carter Tamela M. Coval Temple, TX Director CORT Goulston & Storrs Chantilly, VA Jennifer Clince Washington, DC Vice President of Operations Bob Crawford The Collier Companies Roberto Casas CEO Gainesville, FL Senior Managing Director - Multifamily Brook Furniture Rental Group Lake Forest, IL HFF Evan Cohen Managing Director Dallas, TX Daniel Cunningham TriPost Capital Partners, LLC Senior Vice President New York, NY Steve Case PNC Real Estate Co-Founder, AOL and Chief Executive Washington, DC Officer & Chairman Michael Cohen Revolution LLC Director of Advisory Services Lawrence H. Curtis Washington, DC Apartments.com President & Managing Partner Boston, MA WinnDevelopment Ed Chaglassian Boston, MA The JBG Companies Brendan Coleman Chevy Chase, MD Managing Director Jeffery J. Daniels Walker & Dunlop SVP/National Director Bethesda, MD Joanne Chapman-Reps Institutional Property Advisors Executive Consultant New York, NY D2 Demand Solutions, Inc. Jeff Coles Littleton, CO Senior Director Terry S. Danner Berkadia CEO Chevy Chase, MD Usha Chaudhary SightPlan President and COO Orlando, FL Kettler Mc Lean, VA
3 Jeff Dannes David J. Dillon Mark Drake Vice President Production Manager Principal, Client Market Strategy Principal NorthMarq Capital Finance CoreLogic Rental Property Solutions The Preston Partnership, LLC Washington, DC Vienna, VA Atlanta, GA
Michael Darling Bruce Dingman Justin Dunckel Senior Vice President NAI Everest President Walker & Dunlop Minneapolis, MN Dover Realty Advisors, LLC/Paragon Needham, MA Properties, LLC Gina M. Dingman Bingham Farms, MI Donald M. Davidoff President President NAI Everest Colin P. Dunn D2 Demand Solutions, Inc. Minneapolis, MN Director, Communications, Advocacy Littleton, CO and Policy National Multifamily Housing Council Russell L. Dixon Washington, DC Deanita Davis President & CEO Director, Meetings RedHill Realty Investors, LP National Multifamily Housing Council San Diego, CA Connor Dunn Washington, DC Manager, Government Affairs National Multifamily Housing Council Jayson F. Donaldson Washington, DC Jerry Davis President Vice President of Sales NorthMarq Capital Finance Conservice Utility Management & Billing Washington, DC Lili F. Dunn Logan, UT President Bell Partners David Donato Alexandria, VA Steven DeFrancis Senior Vice President CEO Continental Realty Corporation Cortland Partners, LLC Baltimore, MD Kimberly A. Duty Atlanta, GA Senior Vice President, Public Affairs and Industry Initiatives Kevin Donnelly National Multifamily Housing Council Carol Demery Vice President, Government Affairs Washington, DC Vice President National Multifamily Housing Council Capital Solutions, Inc. Washington, DC Wesley Easly Cross Junction, VA Managing Principal Peter F. Donovan ibr Search Thomas T. Demery Executive Managing Director Pittsburgh, PA President CBRE Capital Solutions Inc. Boston, MA Erik Eccles Cross Junction, VA Chief Executive Officer Alan J. Dooley Urbandoor Greg Demski Senior Vice President San Francisco, CA Senior Vice President Sales Heitman Capital ResMan Chicago, IL Doug Eckles Plano, TX Senior Account Executive, Matrix Ian Douglas Yardi Systems, Inc. Anthony Denome COO Santa Barbara, CA Controller Orion Real Estate Services Dover Realty Advisors, LLC/Paragon Houston, TX CJ Edmonds Properties, LLC Vice President of Sales Bingham Farms, MI Kirk Downey G5 Managing Partner Bend, OR Robert E. DeWitt Abacode Vice Chairman, President & CEO Tampa, FL GID Boston, MA
4 Ilan Eframian Christopher C. Finlay Brian C. Foster National Partnerships Lead Managing Partner Executive Director Google Fiber Middleburg Real Estate Partners JP Morgan Chase New York, NY Vienna, VA El Segundo, CA
Ruth G. Eisenhauer Ben Finley Joe Fraiman President Senior Vice President Co-Founder, President, COO Legend Management Group, LLC Avanath Capital Management Parallel Mc Lean, VA Irvine, CA San Francisco, CA
Kenny Emson Norman Finstein Kevin Fraker Senior Vice President, Finance and V.P., Sales Crow Holdings Capital - Real Estate Administration RealPage, Inc. Dallas, TX National Multifamily Housing Council Richardson, TX Washington, DC Elizabeth Francisco Paul Fiorilla Senior Vice President Product Gregory L. Engler Associate Director of Research ResMan Executive Vice President Multi-Housing News Plano, TX Walker & Dunlop Investment Sales New York, NY Atlanta, GA Gideon Z. Friedman Ari Firoozabadi Managing Member Mark Eppli President Beachwold Residential LLC Bell Chair in Real Esate and Professor Greysteel New York, NY of Finance Bethesda, MD Marquette University Wendy Froehlich Milwaukee, WI Lisa Fischman VP of Marketing Vice President, Real Estate Lending ForRent.com Robert Esposito Greystone Servicing Corporation, Inc. Norfolk, VA VP, NWP National and Strategic Sales New York, NY RealPage, Inc. Adam Fruitbine Richardson, TX Cynthia Fisher Senior Managing Director, Capital Chief Administrative Officer Markets Todd M. Farrell Kettler Waypoint Residential President Mc Lean, VA Stamford, CT LMC, A Lennar Company Charlotte, NC Patrick A. Flanigan Jason Fudin Senior Vice President, Sales CEO, Co-Founder Christopher J. Feeley AUM WhyHotel President - Campus First Lombard, IL Arlington, VA CF Real Estate Services LLC Alexandria, VA Brenden Flood Shangjie Gao Director Project Manager Matt Ferrari Eastdil Secured, LLC BCEG International Investment - US, Inc Director - Acquisitions Washington, DC Woodland Hills, CA TruAmerica Multifamily Arlington, VA La Fayette Flowers Kristoffer Garin Manager, Membership Vice President Matthew Fiascone National Multifamily Housing Council Robert W. Baird President Washington, DC Washington, DC The Habitat Company Chicago, IL Paige Forrest Helen Garrahy Executive Vice President Senior Vice President ForRent.com Heitman Norfolk, VA Chicago, IL
5 Dana Geisler Rick Graf Keith A. Harris Regional Vice President: West President/CEO Senior Vice President Apartment List Pinnacle The Bozzuto Group San Francisco, CA Addison, TX Greenbelt, MD
Alan W. George John Gray Paul Harris Executive Vice President and Chief Managing Director, Head of Investments Partner - Southwest Investment Officer LMC, A Lennar Company Moran & Company Equity Residential Charlotte, NC Dallas, TX Chicago, IL Seth Greenberg Regan Hartley Kevin George Chief Executive Officer National Director of Sales President & CEO ECI Group, Inc. Package Concierge, Inc. InfoTycoon Atlanta, GA Medfield, MA Roswell, GA Matt Greene Richard Haughey John E. Gilmore, IV VP of Sales & Marketing Vice President, Industry Technology Vice-President IOTAS, Inc. Initiatives KeyBank Real Estate Capital Portland, OR National Multifamily Housing Council New York, NY Washington, DC Robert D. Greer, Jr. Robert E. Given Managing Director Brian A. Henry Vice Chairman Clarion Partners VP, Multifamily Marketing Cushman & Wakefield Washington, DC Apartments.com Philadelphia, PA Boston, MA Stephen W. Gresham Jeffrey Goldberg Principal Jessie Henry Managing Partner Niles Bolton Associates, Inc. Managing Director Milestone Group Alexandria, VA Mill Creek Residential Trust LLC New York, NY Bethesda, MD Tim Griffin David Goldstein Senior Project Manager Sean P. Henry Director Kingsley Associates Partner - Southeast BMO Capital Markets Atlanta, GA Moran & Company Toronto, ON Canada Atlanta, GA Gerald J. Haak Henry Gom Chief Operating Officer, Executive Vice Margette G. Hepfner Senior Vice President President Senior Vice President - Client Services Torchlight Investors MAXX Properties Lincoln Property Company New York, NY Harrison, NY Dallas, TX
Julianne B. Goodfellow Tingting Han Mark Ellsworth Hertz Director, Government Affairs General Manager Managing Director National Multifamily Housing Council BCEG International Investment - US, Inc AIG Global Real Estate Washington, DC Woodland Hills, CA New York, NY
Gary Goodman Tyler Hansen Jay Hiemenz Senior Vice President, Acquisitions Director of Sales & Business President and COO Passco Companies, LLC Development Alliance Residential Company Irvine, CA Luxer One Package Lockers Phoenix, AZ San Francisco, CA Michael Edward Gorman Young Hill President, Indianapolis Division Sr. Director Edward Rose & Sons Greystar Real Estate Partners Carmel, IN Mclean, VA
6 Mindy Himmel Maksim Ioffe Robert M. Keator Regional Vice President, Sales Founder Senior Vice President Apartment List SubletAlert.com Benson Integrated Marketing Solutions San Francisco, CA San Francisco, CA Alpharetta, GA
Christian Hoegh-Guldberg John A. Isakson Brian T. Kelleher Regional Sales Manager Chief Capital Officer Managing Director Conservice Utility Management & Billing Preferred Apartment Communities, Inc. JLL Capital Markets Chicago, IL Atlanta, GA Dublin, OH
J. Andrew Hogshead Jay Jacobson Jonathan L. Kempner CEO President/CEO Director The Collier Companies Eden Multifamily Monogram Residential Trust Gainesville, FL Miami, FL Bethesda, MD
Scott Holcomb Sue Jacobson Jack Kern VP of Sales Vice President Director - Research and Publications ResMan Chicago Title Yardi Systems, Inc. Plano, TX Houston, TX Santa Barbara, CA
Karen Hollinger James Jarrell Paul G. Kerr Vice President, Corporate Initiatives Senior Managing Director President AvalonBay Communities, Inc. Greystone Brown Real Estate Advisors Davlyn Investments Arlington, VA Atlanta, GA San Diego, CA
Brett Hood Robert Jeans Kate Kerrigan Senior Vice President Executive Director COO NorthMarq Capital, Inc. PGIM Real Estate Beachwold Residential LLC Chicago, IL Madison, NJ New York, NY
William Huberty Alison Johnson Robert C. Kettler Regional Vice President Director of Programming Chairman & CEO Prescient Co. National Multifamily Housing Council Kettler Arvada, CO Washington, DC Mc Lean, VA
Jason Hull Charles Kaliades Yan Khamish Head of Business Development and Regional Sales Director Managing Director Term Loan Production Renters Legal Liability LLC Ten-X Sabal Capital Partners LLC Salt Lake City, UT New York, NY Newport Beach, CA Paul J. Kaliades Mitchell W. Kiffe Ed Hussey President Senior Managing Director Head of Multifamily Production Renters Legal Liability LLC CBRE Pillar Financial, a Division of SunTrust Salt Lake City, UT Mc Lean, VA Bank Vienna, VA David Kapiloff Hyung T. Kim Chairman/CEO Managing Director, Alternative Real Christopher Iavarone Insgroup, Inc. Estate Investments Partner Houston, TX Pacific Life Insurance Company Womble Carlyle Sandridge & Rice, LLP Newport Beach, CA Washington, DC Michael Katz Co-Chief Executive Officer Ray Kimsey Sterling American Property Inc. President Great Neck, NY Niles Bolton Associates, Inc. Atlanta, GA
7 Mary Ann King Gregory G. Lamb Robert Likes Co-Chairman Executive Vice President, Managing Senior Vice President Moran & Company Partner KeyBank Real Estate Capital Irvine, CA Jefferson Apartment Group Salt Lake City, UT Mc Lean, VA Mike R. Kingsella Chris Lindish Principal Staff Officer Steven T. Lamberti Director of Business Relations Holland Partner Group President and Chief Operating Officer ForRent.com Vancouver, WA Milestone Management Norfolk, VA Dallas, TX Mike Kingsley Henry Liu, Esq. Principal Jim Lapides Partner KTGY Architecture + Planning Vice President, Strategic Pepper Hamilton LLP Vienna, VA Communications Washington, DC National Multifamily Housing Council Washington, DC Andrew Kitchell Rebecca Loker CEO Director of Multifamily Sales Parallel Jerry LaPointe Rainmaker LRO San Francisco, CA Vice President, Acquisitions & Alpharetta, GA Dispositions Western National Properties Phyllis F. Klein Suzanne Lovelace Irvine, CA Vice President, Multifamily Customer Regional Sales Director Management Renters Legal Liability LLC Mark Lavin Fannie Mae Salt Lake City, UT Pasadena, CA Senior Vice President Balfour Beatty Communities Gregory J. Lozinak Malvern, PA Jerel Klue CEO Director of Investments Monument Capital Management Andrew Leahy Citymark Capital Miami, FL Cleveland, OH Vice President, Investments Washington REIT Frank Lutz Washington, DC Mark Koepsell Senior Vice President Executive Vice President Berkadia Eileen C. Lee CORT Ambler, PA Chantilly, VA Vice President, Energy and Environmental Policy National Multifamily Housing Council Laurie Lyons Jonathan Kutner Washington, DC EVP, Client Services Managing Director U.S. Residential Group LLC Harborview Capital Partners Dallas, TX Tracy Simonton Legg Lawrence, NY Vice President, Multifamily Business Development Racquel Madlala Peter Kuzma Hunter Warfield, Inc. Senior Associate, Communications Vice President Denver, CO National Multifamily Housing Council Waterton Washington, DC Chicago, IL Chris Leggee Vice President of Investments Matthew Masinter Christopher Lackett Griffis Residential LLC VP Acquisitions Vice President Greenwood Village, CO Waterton PGIM Real Estate Chicago, IL Madison, NJ David Levi Business Development AVP Andrea Massey Ten-X Senior Vice President Irvine, CA RealPage, Inc. Richardson, TX
8 Will Mathews Ken McIntyre Ashley Moghari Senior Vice President Principal Interim Executive Director Manager, Marketing & Communications Colliers International Project REAP Projects Atlanta, GA New York, NY National Multifamily Housing Council Washington, DC Ashi Mathur Michael G. Melaugh Managing Director & Group Head of Executive Managing Director - Capital Robert J. Mooney North American Real Estate Markets Director of Business Development BMO Capital Markets Mill Creek Residential Trust LLC Hoar Construction Toronto, ON Canada Dallas, TX Birmingham, AL
Jamie B. May Scott L. Melnick John O. Moore, Jr. Chairman & CEO Senior Managing Director President JBM Berkadia Highland Commercial Mortgage, LLC Tampa, FL Chevy Chase, MD Birmingham, AL
Mike C. May David Merin Thomas F. Moran Executive Managing Director Head of Corporate Development Co-Chairman Berkeley Point Capital LLC Honest Buildings Moran & Company Bethesda, MD New York, NY Chicago, IL
Andrew McAllister Brett Meringoff Chris Moreno Executive Director Senior Vice President, Development Vice President - National Partnerships MAC Realty Advisors LLC WinnCompanies Luxer One Package Lockers Bethesda, MD Boston, MA San Francisco, CA
Brian E. McAuliffe Zach Merritt Jeff Morrison President Director of Real Estate Acquisition SVP Sales CBRE Parallel Smart Rent Chicago, IL San Francisco, CA Scottsdale, AZ
Phillip McCorkle Kris Mikkelsen Melanie Morrison Managing Director COO & Managing Director Principal RealFoundations Walker & Dunlop Investment Sales MEB Management Services Dallas, TX Atlanta, GA Tucson, AZ
Anne Segrest McCulloch Walter W. Miller Phil Morse President and CEO Senior Managing Director Managing Director Housing Partnership Equity Trust Greystone Brown Real Estate Advisors Wells Fargo Multifamily Capital Washington, DC Atlanta, GA Mc Lean, VA
James J. McGinley, III William Miller John D. Motzel Senior Vice President & Chief Sr. Managing Director Senior Managing Director Development Officer HFF Barings Multifamily Capital LLC Monogram Residential Trust Dallas, TX Princeton, NJ Plano, TX Daniel J. Minahan Tim L. Myers Ed McGuire President and COO Managing Partner Director of Business Development Continental Properties Company, Inc. Allied Orion Group Bedford Cost Segregation Menomonee Falls, WI Houston, TX Encinitas, CA David R. Minnick Kelly Nagel President/Principal Vice President - Development Bridge Investment Group Aimco Sandy, UT Bethesda, MD
9 Shekar Narasimhan Georgianna W. Oliver Peggy Panzer Managing Partner CEO RVP Beekman Advisors, Inc. Package Concierge, Inc. Orion Real Estate Services Mc Lean, VA Medfield, MA Houston, TX
Brian Natwick Richard Oller Tarak Patolia President - Multifamily Chairman Chief Investment Officer Crescent Communities GoldOller Real Estate Investments Sterling American Property Inc. Charlotte, NC Philadelphia, PA Great Neck, NY
Denise Navarrete Kelsey Olson Alan Patton District Manager Director, Government and Community President Brook Furniture Rental Relations The Morgan Group, Inc. Lake Forest, IL Aimco Houston, TX Denver, CO Ella Neyland Randall M. Paulson President, REIT Services David Onanian Chief Operating Officer Steadfast Companies CEO PAS Purchasing Solutions Irvine, CA PAS Purchasing Solutions Plano, TX Houston, TX Patrick Nugent Russ Pengelly Sr. Vice President Anthony Orso Director, Business Development, Zillow Commercial Insurance Solutions Group Chief Executive Officer Rentals Dallas, TX Cantor Commercial Real Estate (CCRE) Zillow Group New York, NY Seattle, WA Janette O‘Brien Head of Multifamily Production Kelly Osburn Colleen Pentland Lally KeyBank Real Estate Capital Principal Director, Capital Markets Cleveland, OH Humphreys & Partners Architects, L.P. CBRE Dallas, TX Boston, MA Brian E. Oberg Director of Business Development Anne Ossewaarde Phillip C. Pitney Bohler Engineering Senior Vice President, Asset & Portfolio President Southborough, MA Management PRP Real Estate Management Bell Partners Washington, DC Atlanta, GA Mark H. Obrinsky Senior Vice President, Research and Sharon M. Plattner Chief Economist Eric Overhage Managing Director National Multifamily Housing Council Representing Agent Berkadia Washington, DC HandyTrac Systems Chicago, IL Alpharetta, GA Cullen R. OGrady Walter J. Ploskon Vice President of Debt Origination & Alfred V. Pace Managing Director Investment Sales President & CEO Niles Bolton Associates, Inc. Pillar Financial, a Division of SunTrust Pacific Urban Residential Alexandria, VA Bank Palo Alto, CA Bethesda, MD Edward Polich Carl Pankratz SVP & CDO Blake Okland Vice President Draper and Kramer, Incorporated Vice Chairman, Head of US Multifamily NorthMarq Capital, Inc. Chicago, IL ARA, A Newmark Company Dallas, TX Charlotte, NC
10 Alan Pollack Richard Rakoczy Ricardo Rivas Chairman Director of Sales Principal and Chief Investment Officer Providence Management Company, Hoover Treated Wood Products, Inc. Allied Orion Group L.L.C. Thomson, GA Houston, TX Glenview, IL Robert W. Ranieri Dameon M. Rivers Billy Posey Senior Vice President, Managing Associate EVP & Agency CEO Director Ballard Spahr Greystone Servicing Corporation, Inc. NorthMarq Capital, Inc. Washington, DC Memphis, TN White Plains, NY Michelle Roberts Lauren K. Poskie Michael Raphael VP of Sales - National Accounts Director, Strategic Development Capital Markets InfoTycoon ibr Search LGA Capital Roswell, GA Pittsburgh, PA Rockville, MD Marc G. Robinson John K. Powell, Jr. James K.V. Ratliff Vice Chair Director of Agency Production Senior Director, Government Affairs Cushman & Wakefield Bellwether Enterprise Real Estate National Multifamily Housing Council Charlotte, NC Capital, LLC Washington, DC Chicago, IL Peggy Robinson Hailey Ray Vice President of Marketing Roger S. Pratt Director, NMHC PAC InfoTycoon Senior Advisor National Multifamily Housing Council Roswell, GA Elite International Investment Fund Washington, DC Santa Barbara, CA Francis P. Rooney, Jr. Pete Regules Executive Vice President, Chief T. Anthony Premer National Manager, Multi Family Housing Financial Officer Senior Managing Director Products & Services Simpson Housing LLLP Pacific Life Insurance Company CORT Denver, CO Newport Beach, CA Winter Park, FL Doug Root Jeff Price Ryan S. Reid Managing Partner Managing Director Vice Chairman Blackfin Real Estate Investors, LLC JLL Capital Markets CBRE Arlington, VA Dallas, TX Dallas, TX F. William Rosenbauer, III Hilary Provinse Frank Relihan Senior Vice President - DUS Chief Senior Vice President, Multifamily Senior Vice President Underwriter Customer Engagement NorthMarq Capital, Inc. NorthMarq Capital Finance Fannie Mae Bethesda, MD Washington, DC Washington, DC William C. Revers Pamela V. Rothenberg Sean Rae Senior President East Coast Partner Senior Managing Director - Capital Acquisitions Womble Carlyle Sandridge & Rice, LLP Markets Fairfield Residential Company LLC Washington, DC Trammell Crow Residential Arlington, VA Dallas, TX Melissa Rowan Stephan Richford Assistant Director, Meetings David Raff Managing Director National Multifamily Housing Council Director BMO Capital Markets Washington, DC BMO Capital Markets Chicago, IL Washington, DC
11 Jeff Rowe David Schwehm Matthew Slepin Vice President, Destination Services Group VP, Sales Managing Partner CORT CORT Terra Search Partners West Chester, OH Chantilly, VA San Francisco, CA
Leigh Anne R. Rula John S. Sebree Jeff Smedley Marketing Director First Vice President/ National Director - Chief Revenue Officer Highland Commercial Mortgage, LLC National Multi Housing Group LeaseHawk Birmingham, AL Marcus & Millichap Scottsdale, AZ Chicago, IL Thomas Runyon Jeff Smith SVP of Strategic Partnerships & Janet Settle Director, Business Development & Business Development Regional Vice President Strategic Marketing Nexus Systems Entrata Westdale Asset Management Falls Church, VA Lehi, UT Dallas, TX
Charlie Ryan Charles O. Shallat Julie A. Smith Head of Sales Executive Vice President Chief Administrative Officer Pillow Global, Inc. Lincoln Property Company The Bozzuto Group San Francisco, CA Duluth, GA Greenbelt, MD
Dharmendra Sawh Justin W. Shay Kevin H. Smith Industry Principal, Revenue Vice President Senior Vice President, Acquisition Management Transwestern Mid-Atlantic Multifamily Partner Yardi Systems, Inc. Group Jefferson Apartment Group Santa Barbara, CA Bethesda, MD Mc Lean, VA
James H. Schloemer Jodi Sheahan Randy Smith Chairman and CEO Founding Principal Director of Business Development Continental Properties Company MEB Management Services Bohler Engineering Menomonee Falls, WI Phoenix, AZ Tampa, FL
Charles Schoenau Steven L. Shores Jill Soucy Managing Director President East Regional Director Insurent Agency Corporation Pollack Shores Real Estate Group Luxer One Package Lockers New York, NY Atlanta, GA Sacramento, CA
Richard Schreiber Mackenzie Siem Kimberly J. Sperry Chief Executive Officer Meetings Coordinator Managing Director LeaseTerm Solutions National Multifamily Housing Council Amstar Group, LLC Atlanta, GA Washington, DC Denver, CO
David R. Schwartz Dean Sigmon Beverly Steele CEO, Chairman Executive Vice President, Director Director, Strategic Business Waterton Transwestern Mid-Atlantic Multifamily Development Chicago, IL Group CORT Bethesda, MD Chantilly, VA Terry B. Schwartz Principal Kristy P. Simonette Samuel C. Stephens, III Dover Realty Advisors, LLC/Paragon Senior Vice President Strategic Services Chief Investment Officer Properties, LLC Camden Property Trust ZOM Companies Bingham Farms, MI Houston, TX Orlando, FL
12 John H. Stewart Christopher J. Volgenau Rawles Wilcox VP Business Development Head of Business Development Director Prescient Co. Pillow Global, Inc. Greysteel Durham, CO San Francisco, CA Bethesda, MD
Larry Sullivan Curtis Walker Greg Willett President Partner - Southeast Chief Economist Passco Companies, LLC Moran & Company RealPage, Inc. Irvine, CA Atlanta, GA Richardson, TX
William W. Talbot Daniel P. Walsh, Jr. Jerry Williams, Jr. Chief Investment Officer CEO Regional Vice President American Campus Communities Citymark Capital Prescient Co. Austin, TX Cleveland, OH Dallas, TX
Vincent R. Toye Caitlin Walter Robin Williams Executive Vice President, GSE Head of Senior Director, Research Executive Vice President Production National Multifamily Housing Council Transwestern Mid-Atlantic Multifamily Wells Fargo Multifamily Capital Washington, DC Group New York, NY Bethesda, MD Ben Waltzer Yetta Tropper Real Estate Partnerships Stephanie L. Williams Executive Director Google Fiber President PGIM Real Estate Mountain View, CA Bozzuto Management Company Madison, NJ Greenbelt, MD David C. Ward Warren L. Troupe Executive Vice President, Development Thomas G. Williams Senior Executive Vice President MAA EVP & Senior Managing Director UDR, Inc. Addison, TX Specialty Consultants Inc. Highlands Ranch, CO Pittsburgh, PA Robert E. Weathers Kenneth J. Valach Senior Vice President, Institutional Sales Rick Wolf Chief Executive Officer Entrata EVP Trammell Crow Residential Lehi, UT Greystone Servicing Corporation, Inc. Dallas, TX New York, NY Ken Wellar J.D. Vance Managing Partner Steven Wolf Investor, Commentator, Author and Rittenhouse Realty Advisors Partner, CIO US Equity Real Estate Partner Philadelphia, PA Ares Management Revolution LLC New York, NY Columbus, OH Greg West Chief Development Officer Leonard Wood, Jr. Wayne A. Vandenburg ZOM Companies Senior Managing Director Chairman & CEO, TVO Groupe & TVO Fort Lauderdale, FL Trammell Crow Residential Capital Atlanta, GA TVO Groupe LLC Bill Whitlow Chicago, IL Partner Matthew Woods Terra Search Partners Chief Sales Officer Christie Vasquez San Francisco, CA Apartment List Southeast Marketing Director San Francisco, CA Drucker & Falk, LLC Andrew R. Wiener Raleigh, NC Managing Director Yan Xing MAXX Properties President Harrison, NY BCEG International Investment - US, Inc Woodland Hills, CA
13 Sarah Yaussi Vice President, Industry Communications National Multifamily Housing Council Washington, DC
Tiffany Yep Capital Markets Analyst KeyBank Real Estate Capital Atlanta, GA
Susan C. Yuk Senior Director, Membership and Database National Multifamily Housing Council Washington, DC
Craig Zeutzius President Rainmaker LRO Boulder, CO
Bill Nan Zhou Managing Partner Elite International Investment Fund Santa Barbara, CA
Les Zimmerman President First Capital Realty, Inc. Bethesda, MD
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