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.
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.
Alexander J. Rouse, Vice President, Investments & Legal
Alex started with The Severn Companies in July, 2015. He oversees legal matters and is responsible for acquisition activities. 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 an institutional multifamily owner/operator and a private equity investment fund manager. Alex holds a B.A. from the University of Pennsylvania and earned a J.D. from the University of South Carolina School of Law.
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, Vice President, Operations
Julie joined the Severn team in April, 2012. She is responsible for property operations, including supervision of Regional Mangers and compliance of all properties with rules and regulations where applicable with Tax Credit, USDA RD, HUD and other regulatory bodies. Her prior experience in Affordable Housing compliance software made for a smooth transition into Affordable Housing property management. 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.
Danyel Wilson, Director of Education & Training
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.
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.
Derrick McLaughlin, Regional Manager
Derrick joined The Severn Companies in August, 2018. Previously he worked for Empire Homes of Maryland and the Housing Authority of Baltimore City. Derrick is responsible for overseeing the property management and administration for several TSC properties in central and northern Maryland, and brings to the table a wealth of property management and maintenance management experience. He currently has his Housing Quality Standards inspection certification, Certified Occupancy Specialist (COS) designation and Public Housing Managers Certification.
Marla Beckett, Regional Manager
Marla started with The Severn Companies in August, 2018. Previously she held the role of Senior Property Manager for WINN Residential overseeing multiple sites in Maryland, North Carolina and Florida. Marla also held the role of Regional Manager for Preservation Management and oversaw multiple sites in Maryland, North Carolina and Florida. Marla is responsible for overseeing the property management and administration for several TSC properties in Maryland, Delaware and Virginia. Her duties include leading a team of employees including Property Managers, Maintenance, Administrative, and Custodial Staff, personnel development, creating and managing capital improvement budgets, developing financial reports, performing property inspections and ensuring compliance certifications. She has earned her Registered Housing Manager (RHM), Certified Manager of Housing (CMH), Certified Manager of Maintenance (CMM), Site-Based Budget Specialist (SBS), Certified Tax Credit Specialist and Certified Credit Compiance, Certified Occupancy Specialist Advanced (COSA) certifications.