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.
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 technical 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, Chief Operating Officer
Julie joined the Severn team in April 2012. She is responsible for property operations, including the supervision of Regional Managers 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’s 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 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.
Grant Searfoss, Development Associate
Grant joined The Severn Companies in March 2020. His primary responsibilities include underwriting and acquiring new developments, capital markets, project management, and investor relations. Prior to joining Severn in 2020, he served as a Financial Analyst for Capital Health Group, LLC, where he participated in the acquisition and development of over $200 MM in Class A Senior Living communities as well as the financing and refinancing of numerous projects. Grant graduated with a Bachelor of Science degree in Financial Economics from the University of Maryland, Baltimore County (UMBC), and is currently pursuing a Master’s in Real Estate from Georgetown University.
Alan Brantley, Accounting Manager
Alan joined Severn in January of 2020 as an Accounting Manager. After serving in the U.S. Marine Corps, Alan went on to earn a bachelor’s degree in accounting from Bowie State University. He has 20 years of accounting experience. Alan is also a dedicated father and grandfather, and avid sports enthusiast.
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 Accounts Payable Manager. She currently supervises the daily operations of accounts payable, accounts receivable, business licenses, cash receipts, and general ledger.
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 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 of 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 the 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.
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.
Ashley Story, District Manager
Ms. Story started with Severn Companies in 2015 as an assistant manager. She quickly found herself working as a property manager until becoming a district manager in June of 2019. She has several years of experience in LIHTC. Ms. Story also has experience in USDA, RD, HUD, and Conventional funding. She holds certifications in LIHTC, RD, Fair Housing, and COS.
Makenzi Fleetwood, District Manager
Ms. Fleetwood joined The Severn Companies in November 2009 as an Assistant Property Manager. Over her tenure with Severn, she has been promoted to Property Manager and is now the District Manager overseeing properties in the DE and MD districts. Her experience includes working with Rural Development and Low Income Tax Credit programs, paying close attention to USDA/Rural Development. In addition, she has successfully completed the S.T.A.R, CP3 and LIHTC certifications.
Linda Ross, District Manager
Linda joined Severn Companies in 2016 as a Property Manager. Linda was promoted to a District Manager in 2019. Prior to joining Severn’s team, she had over 15 years of loan processing, loan officer, & loan management experience. Linda specialized in identifying potential clients with diverse loan needs. This drive of financial loan processing & contract negotiation led her to the property management field. Now with over 10 years of property management experience in both conventional and low-income housing tax credit multi-family units, contract negotiation & time management of people & resources. Linda is well versed in the ever-changing property management and real estate environment.
Betsy Wooten, District Manager
Betsy has been with Severn Companies since March of 2012. She started as an assistant property manager and was promoted to property manager in January 2013. In June of 2019 Betsy was promoted to district manager. Since 2013 she has been in charge of overseeing properties with USDA Rural Development and Low Income Housing Tax Credits. As a district manager, she has added properties with both HUD and conventional funding to her mix. Betsy’s portfolio consists of properties in Delaware and Maryland. She has completed training in EIV and USDA and is certified in LIHTC from Quadel.