Experienced Management Team:
Arthur “Jib” W. Edwards, Jr., President/Chief Executive Officer
Jib currently oversees 100 employees and 60 multifamily housing communities in Delaware, Maryland, Pennsylvania and Virginia. Responsible for over $500,000 in annual capital expenditures and $8 million in annual rental income, Jib has sponsored and served as a partner on a total of 25 limited partnerships that have acquired and built an aggregate of $200 million of assets on behalf of investment partnerships. Jib has successfully developed a diverse range of multi-family housing developments, from small rehabilitation projects to large master planned communities using structured financing that includes market rate and government programs such as 515, HUD 221D-4,Low Income Housing Tax Credits, and other affordable housing resources. Certified as HCCP and C3P Specialist, Jib is recognized by the Low Income Housing Tax Credit Program for compliance in the LIHTC program. As a specialist in housing planning and development for over 20 years, Mr. Edwards has served as a consultant to state federated labor councils, housing development corporations, and state and local housing authorities and taskforces. Prior to joining The Severn Companies, Jib served as a naval pilot and flew the SH-2F during Desert Storm, where he was awarded two Navy Achievement awards.
Alexander J. Rouse, Chief Operating Officer
Alex started with The Severn Companies in July, 2015. Mr. Rouse oversees the day to-day operations of over 3,600 apartment units representing 60 communities. He has extensive experience in commercial real estate, with a primary focus on the multifamily industry, driving performance and maximizing value. His background includes investment management roles in acquisitions and asset management capacities for institutional multifamily owner/operators and private equity investment fund managers. Mr. Rouse holds a B.A. from the University of Pennsylvania and earned a J.D. from the University of South Carolina School of Law.
Russell Parrish, Jr., Chief Financial Officer
Russ joined the company in November, 2004 when he moved to Annapolis from Denver, Colorado. He came to the Severn Companies from the telecommunications industry where he had more than nine years of financial accounting management. He has an MBA in Finance and Accounting from Thunderbird Graduate School in Phoenix, AZ. He also worked for five years as the Controller for Nightingale’s Gourmet Coffee and Cappuccino Company in Richmond, Virginia and two years as an Assistant Economist with the Federal Reserve Bank of Richmond.
Spencer J. Leech, III, Vice President
Spencer joined The Severn Companies in October, 2005. He directs insurance procurement and loss control programs as well as business development and the technological direction of all The Severn Companies. He has over 27 years of experience in the commercial, industrial and residential real estate industry. His previous experience includes directing the sourcing, acquisition, construction and management of sizeable fixed assets. As a project executive he has directed over $70 million in construction projects. Spencer has a B.G.S in Business, Government, and Computer Science from the University of Maryland.
Julie Palmeri, Compliance & Project Manager
Julie joined the Severn team in April, 2012. Her prior experience in Affordable Housing compliance software made for a smooth transition into Affordable Housing property management. Julie serves as internal software support for Property Managers on site and specializes in Tax Credit and HUD compliance. She has earned her Certified Credit Compliance Professional (C3P), HUD Assisted Housing Manager (AHM), Certified Occupancy Specialist Advanced (COSA) and USDA- Spectrum Training Award Recipient (STAR) and HCCP- Housing Credit Certified Professional certifications.
Bill Davidson, Director of Maintenance Facilities
Bill joined the company in December, 2004. He has been in the construction industry since 1962, worked in all the trades and has held a master license in each. Bill has also held previous maintenance management roles with institutional multifamily operators. Bill oversees all functions of the maintenance facilities of the entire Severn portfolio. He conducts physical inspections of all properties several times a year, oversees the hiring of all maintenance technicians and ensures training programs are being held. Additionally, Bill reviews all significant capital project bids for goods or services with all properties. He has completed the HUD REAC Uniform Physical Condition (UPCS) certification, coursework in rapid structural drying, mold and lead remediation, as well as engineering classes at Drexel University.
Jill Griffith, Human Resources & Financial Manager
Jill has been with the Severn team since March 2003. Her responsibilities include corporate payroll and HR; producing the property financials and forwarding them to appropriate staff, owners, syndicators and government agencies; managing receivables with the properties; monitoring and managing government subsidy payments; and liaison with benefits companies for issues and reporting.
Wendy Haley, Accounting Manager
Wendy has been with The Seven Companies for nine years. Prior to coming on board Wendy stayed at home with her two small children. She was initially hired as a File Clerk, but was quickly promoted to Accounting Manager. She currently supervises the daily operations of accounts payable, accounts receivable, business licenses, cash receipts and general ledger.
Kim Jenkins, Human Resources & Office Manager
Kim started with The Severn Companies in February, 2015. Prior to that she was a stay at home mom with her two children. She works with recruiting, hiring, administration and training of personnel for all site locations, as well as employee benefits and payroll. She assists in creating budgets and producing financials, and is currently taking accounting classes and plans to sit for the CPA exam in 2017. She received her BA in English from Hood College in 2005.
Danyel Wilson, Regional Property Manager
Danyel joined the Severn team in June, 2008. She has nearly 15 years of prior experience in the affordable housing industry. Previously, she worked as an Asset Manager for the Delaware State Housing Authority, where she gained extensive knowledge of the various HUD programs as well as the Low Income Housing Tax Credit program. Danyel has earned the USDA- Spectrum Training Award Recipient (STAR) certification. Her strength is in compliance, but her government experience has allowed her to maintain good working relationships with monitoring agencies, Local and Federal government officials.
Aretha Estep, Regional Property Manager
Aretha started with the company as a Property Manager at a Section 8 community in Maryland. She has been with the company since 2009 and is currently responsible for the success and management of 12 multi-family properties in Maryland. She has been involved with lease-up, repositioning, asset management and the supervision of capital investment projects. She is an action-oriented problem solver who prides herself on being a hands-on leader. Her prior experience with maintenance inspections and her knowledge of the HUD Section 8 program make her a valuable member of the Severn Team.
Makenzi Fleetwood, Regional Property Manager
Makenzi began working for the Severn Team in November of 2009 as an Assistant Property Manager and has worked her way up to Property Manager and now Regional Manager. She has successfully earned a Certified Credit Compliance Professional (C3P) certificate, USDA- Spectrum Training Award Recipient (STAR) certification and has completed Low Income Housing Tax Credit certifications. Most recently she has been involved with new management takeover of two properties and continues to be hands-on with stabilizing and improving performance of properties on the MD eastern shore.