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 Training & Compliance
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.
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.
Carrie Day, Regional Manager
Ms. Day oversees Severn’s Northwest Region. She is responsible for over 20 properties with various funding sources. Ms. Day has extensive experience with many types of local, state and federal programs including LIHTC, Project-Based Section 8, HOME, tenant-based subsidy programs and more. She began her career with Severn Management as a an Assistant Manager in 2009. She’s since been promoted to Property Manager, District Manager, and most recently, Regional Manager. Ms. Day has vast experience with LIHTC new construction lease ups as well as substantial construction LIHTC rehabs. She’s earned her HUD Housing Occupancy Certification, USDA Rural Development 515 S.T.A.R. Award, and TaCCs Low Income Housing Tax Credit Certification. In 2015 she received the USDA Multi-Family Site Manager of the year award for the State of Maryland.
Doretta Williams, District Manager
Ms. Williams supervises a diverse portfolio of properties on Maryland’s Eastern Shore. She has over 20 years experience in all aspects of residential property management. Prior to joining Severn in 2007, she worked as an Occupancy Specialist with the City of Fort Lauderdale Housing Authority. While managing the H.O.P.W.A program, Welfare To Work program, and Housing Choice Voucher program, she obtained her National Association of Housing and Redevelopment Certification. Ms. Williams was a licensed Realtor and member of the National Association of Realtors. She has earned her Certified Occupancy Specialist Certification, Multi-Family Fair Housing and Civil Rights Certifications, USDA Rural Development 515 S.T.A.R. Award, the C3P Certified Tax Credit Compliance designation and the TaCCs Low Income Housing Tax Credit Certification. She has taken several self-enrichment and continuing education courses, and stays current on Fair Housing and Multi-Family Regulations.
Helen Coultas, District Manager
Ms. Coultas is responsible for overall management operations and performance of Severn’s Easton/Denton, MD district. She has over 19 years of property management experience with a proven track record of success in all aspects of operations. She started with Severn in 2000 as a Property Manager and was promoted in 2018 to a District Management position. Ms. Coultas has worked at multiple sites within the portfolio, managing HUD, LIHTC and USDA properties. She has a wealth of site management working knowledge and has extensive experience with REAC reviews, Management and Occupancy Reviews (MOR), Investor Site Reviews, Low Income Housing Tax Credit (LIHTC) reviews, and workplace safety inspections. She has obtained her Certified Occupancy Specialist and Low Income Housing Tax Credit Certification Specialist designations. She has taken classes on Fair Housing, business management and compliance. She’s skilled in electronic transmissions such as MINC, TRACS and EIV.
LeAndra Presbury, District Manager
Ms. Presbury is responsible for the operations and management performance of Severn’s Baltimore/Annapolis, MD district. Prior to joining the Severn team in 2015, she managed activities for low income children at the Boys & Girls Club of Harford County. Ms. Presbury specializes in affordable housing with an emphasis on USDA, LIHTC and HOME properties. She has completed her Certified Occupancy Specialist Certification classes and has earned her Tax Credit Specialist Certification. She is a graduate of the Delta Sigma Theta DEM Leadership Academy class of 2006 and has earned her Business Management Administrative Professions Certification through Harford Community College.
Molly Miller, District Manager
Ms. Miller joined The Severn Companies in December, 2008 as an Assistant Property Manager over this tenure with Severn, has been promoted to Property Manager and is now the District Manager overseeing the Cambridge, MD district. Ms. Miller brings an extensive background in all facets of property management, both conventional and affordable, as well as a proven track record of compliance oversight. Her experience includes working with Rural Development, HUD programs and the Low Income Tax Credit program and she specializes in asset management of market rate properties . In addition to her extensive experience with various housing industry programs, she has also earned her Site Compliance Specialist Certification (SCS).
Paula Prescott, District Manager
Ms. Prescott currently oversees all day-to-day operations of Severn’s affordable apartment communities within Virginia. Her responsibilities include the oversight and performance of all properties within her district to ensure communities are run efficiently and effectively while maximizing productivity and profitability. She has worked with Severn for over 10 years and has been instrumental in managing her team and focusing on achieving financial goals. She has earned her Beginning and Intermediate LIHTC certifications through VHDA and A.J. Johnson consulting and has earned the USDA Rural Development 515 S.T.A.R. Award.