REAL ESTATE
{ MULTIFAMILY BUILDERS }
V. JAY HIEMENZ
President and COO Alliance Residential Company allresco.com Hiemenz oversees multifamily acquisition, development and property management efforts nationwide. He also is responsible for the company’s recent launch into senior housing. Hiemenz started his real estate career at Trammell Crow Residential, where he was COO of the Southwest and Mountain States. He is a frequent speaker at industry events and is a board member of the National Multi-Housing Council. Business advice: “Find the right company with opportunities to learn and through constant self development, take in all that you can of the various disciplines of real estate, including management operations and particularly capital markets, as that drives the investment decision for real estate.”
JEFF MARK
Principal Mark-Taylor mark-taylor.com Mark founded Mark Development Corp in 1985. He oversees and has direct involvement in development, product design, site planning and construction. Prior to 1985, he owned J.L. Mark Builders, a contracting firm that built 15,000 apartment units in Arizona, California and Nevada. With his experience, Mark-Taylor, Inc. has created timeless award-winning apartment communities. Within Mark-Taylor’s in-house structure, it has subsidiary architecture and general contracting companies to exclusively design and build each new community. With more than 19,000 units and counting, Mark-Taylor is the largest multifamily developer in Arizona history.
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MIKE TARVER CEO MT Builders Companies mtbuilders.com
Tarver, a graduate of the Construction Engineering Program at ASU, has more than 40 years of experience in the Phoenix Metro construction industry. Tarver has managed construction work in excess of $1 billion. This includes apartments, senior living, retail, churches and commercial and industrial buildings. Business advice: “Be driven by a passion for building quality projects that will meet the needs of your your clients. Treat your team members with respect, and reward them for their efforts. If you can accomplish these things, everything else will fall into place for the success of your business.”
PATRICIA WATTS
Partner and co-founder Deco Communities decocommunities. com Watts is determined to break the mold of affordable apartment living. With a belief that the surrounding environment has a profound effect on daily attitudes and feelings, Watts guides her company in creating comfortable and relevant home environments that have a positive impact on residents. Business advice: “Look forward, not back. Business models that were successful in the 2000s will not be successful now. All aspects of consumer and economic fundamentals have changed and are still changing and businesses need to evolve more quickly than ever to adapt.” Surprising fact: “I grew up in Edmonton, Alberta and I can still do a pretty good double lutz-double salchow.”
CHAPIN BELL President PB Bell pbbell.com
Bell oversees all company-wide personnel, accounting, financial analysis and support functions. Bell is also responsible for overseeing all development and acquisition activities. To date, Bell has participated in the development of nearly 3,000 multifamily units.
INDUSTRY OUTLOOK: “We continue to believe in the longterm strength of the multifamily market, in part due to Millennial lifestyle choices and home buying behaviors, couples starting families later in life and Baby Boomers looking for a carefree lifestyle. The Phoenix market is expected to be one of the nation’s top performing multifamily markets due to anticipated job and population growth, even despite likely near term softness in submarkets that have had a large number of new units added to inventory, which will correct once inventory is absorbed. The multifamily industry is exciting and ever changing and now includes a level of quality that is better than it has ever been, from premium amenities to cutting-edge technology.”