Home Services Investment Portfolio
     

Frederick R. McCord
President

Mr. McCord serves as President and Owner of McCord Development, Inc. (MDI). MDI’s 3 million s.f. portfolio includes 19 commercial office properties valued at roughly $375,000,000. He oversees all multi-disciplined operations of MDI.

Upon graduation from Southern Methodist University, Mr. McCord worked for Prudential Life Insurance Company in their real estate lending department. After leaving Prudential, he founded his own company, McCord Development, Inc. in 1973.  MDI has developed and/or purchased multiple office buildings and apartments in Houston, Dallas, San Antonio, Clear Lake City, Los Angeles, San Diego and San Francisco. MDI acquired multiple office buildings with partners Samuel Zell and General Electric Capital Corporation. MDI developed Summerwood, a 3,400-unit single-family master planned community in Houston.  MDI owns 2,000 acres in Harris County on Sam Houston Parkway (Beltway 8), which the company is preparing for development. Mr. McCord holds a Bachelor of Science in Petroleum Engineering from University of Oklahoma and a Masters of Business Administration from Southern Methodist University.

 

1021 Main
     Suite 1400
     Houston, Texas 77002

Phone: 713. 860.3000

Fax: 713.860.3100

 
     

Ryan McCord
Executive Vice President
Bond & Multi-family Underwriting

Mr. McCord is responsible for sourcing bond opportunities, bond and real estate underwriting, market research, and financing.

For the past 6 years, Mr. McCord has worked in various aspects of the commercial real estate and distressed asset investments. Prior to joining MDI, Mr. McCord served as an Associate Risk Manager for General Electric Global Financial Restructuring based in Tokyo, where he was involved in underwriting real estate and non-performing loan ("NPL") portfolios in Japan, Taiwan, China, Korea and the Czech Republic. In addition to leading underwriting efforts on more than $800 million of NPLs, Mr. McCord participated in over $2 billion of equity and debt transactions and designed the Global Asset Management System now used by GE to manage NPL portfolios in Asia, North America, & Europe. Mr. McCord holds a B.A. in Biomedical Engineering from Vanderbilt University.

 
  Terri Flesner-Thompson
Senior Director of Investments
Bond & Multi-Family Underwriting, Financing

Ms. Thompson directs all phases of acquisition and post-acquisition operations, including bond and real estate underwriting, bond strategy and re-issuance, documentation and asset management.

During her tenure with MDI, Ms. Thompson has directed several successful bond / tax credit deals involving the re-development of more than 5,200 apartment units in California, Hawaii and Texas. In addition to analysis and underwriting of bonds and real estate, Ms. Thompson has significant experience in the acquisition, sale and compliance of tax credits as well as the ownership oversight of major rehabilitation projects. Prior to joining MDI, Ms. Thompson worked as the Senior Vice President of Acquisitions and Asset Management at Republic Realty Services Inc. where she was responsible for asset management and acquisition of multi-family properties in addition to refinancing, disposition and rehabilitation activities. She was also responsible for selection and supervision of subcontractors including property management and leasing firms.  Ms. Thompson holds an MBA in Finance from the University of Houston.

 
     
      Mike Maerz
Director of Investments
Multi-Family Underwriting

Mr. Maerz is responsible for market analysis, establishment and management of renovation plans for acquisitions, real estate underwriting, and implementation of the operating plan.

Mr. Maerz has over eighteen years experience in the management and acquisitions of multi-family property throughout the Southwest. Prior to joining MDI, Mr. Maerz served as Director of Acquisitions and Development and Senior Regional Manager with Gables Residential Trust and Trammel Crow Residential Services. During his tenure, he directed operations of stabilized portfolios of up to 4,500 units in a variety of markets. He has directed the development completion of numerous new projects as well as directed renovations of new acquisitions. He has extensive experience directing due diligence and underwriting on acquisitions as well as the implementation of asset operating plans on transactions of nearly $200 million. Mr. Maerz holds a Bachelor of Science from the University of Houston.

 
Melissa Hartman
Director of Investments
Bond & Multi-family Underwriting

Ms. Hartman is responsible for sourcing of bond opportunities, bond and real estate underwriting, market research, and financing.

For the past ten years, Ms. Hartman has worked in various aspects of multi-family real estate investment. Prior to joining MDI, Ms. Hartman served as Vice President of Jupiter Realty Corporation, where she was involved in asset management, acquisition and disposition of bond-financed multi-family portfolios in Florida, Georgia, Illinois, Tennessee and Texas. In addition to underwriting and directing due diligence for transactions totaling over $175 million, Ms. Hartman oversaw the implementation of operating plans for multi-family portfolios in excess of 3,000 units, and was responsible for reporting on investment returns directly to investors and lenders.  Ms. Hartman holds an MBA in Finance from George Washington University.