His thirty-five years of experience was initially gained during his ten years in legal practice, including six years during which he was the managing partner of a forty-lawyer firm he founded. His practice primarily involved designing and overseeing the closing of debt and equity financings. An important part of his practice was working out troubled multifamily portfolios for national development companies. From 1982 through 1991, he was a principal in one such company, where he served as President from 1988 through 1991. Involved in many significant transactions over those ten years, Mr. Beneke was Chief Operating Officer for activities involving over seven hundred people. He oversaw more than $900 million of debt and equity financings, including approximately $250 million of tax-exempt housing bond debt. He was responsible, among other things, for oversight of an acquisition venture with New York Stock Exchange Company, including the acquisition of a twenty-six project apartment portfolio from the RTC Affordable Housing Program. After forming the predecessor to B/K Multifamily in 1992, he worked with John Krieg to build a $1.5 billion multifamily, tax-exempt, bond-financed apartment portfolio.
His thirty-five years of real estate and administrative experience was initially developed while managing a national insurance company’s troubled Arizona real estate loan and REO portfolios in the 1970s. His success in bringing those portfolios back to normal operations gained him a position as the National Acquisitions Director of a division of a California-based real estate syndication company. There, he oversaw the acquisition of $650 million of real estate, the majority of which was apartments. Prior to joining B/K Multifamily, he led the due diligence efforts for various companies to formulate bids on significant portfolios of insolvent institutions. After forming the predecessor to B/K Multifamily in 1992, he worked with Ron Beneke to build a $1.5 billion multifamily, tax-exempt, bond-financed apartment portfolio.
B/K Multifamily Services is led by Jim Alexander, who is also a principal in B/K Multifamily. Mr. Alexander’s thirty years of experience began with 20 years in the banking industry, where he developed his skills in commercial real estate finance and underwriting. With that experience, he later served as President of Lexford Realty Advisors for several years, providing consulting, acquisition services and operational support for a 42,000-unit multifamily portfolio. As CEO of B/K Multifamily Services, he has successfully overseen the management of more than $2 billion in apartments from acquisition through disposition. During his tenure, the firm has developed a significant regulatory and compliance acumen that has been recognized by both trustees and bond authorities across the nation. Mr. Alexander has served on the Board of Directors of numerous real estate related firms, including major mortgage and title companies. He is a licensed Real Estate Broker in the State of Texas.
Ms. Dawson serves as President and Chief Operating Officer of B/K Multifamily Services, and is also a principal in B/K Multifamily. In this capacity, she is primarily responsible for overseeing field operations. She has served in various capacities over her 30-year career in the multifamily housing industry. Many of those years have been spent with Trammel Crow and Lexford Properties. During her tenure at B/K Multifamily Services, Ms. Dawson has assembled an extremely talented staff of professionals to oversee the company’s nationwide operations. In addition to her field operations responsibilities, she is responsible for the day-to-day management of acquisitions, due diligence, and capital improvements. Her experience is critical to determining the best course of action for property owners and delivering the greatest return for each property.
Mr. Beneke is responsible for sourcing properties for B/K Multifamily. Having identified these projects, he develops conventional and tax-advantaged models for investors, placement agents, and tax counsel. Mr. Beneke earned his bachelor’s degree from Vanderbilt University, and holds an MBA in Finance and Real Estate from Southern Methodist University.
Mr. Boyd’s primary responsibilities involve leadership in setting B/K’s development goals and policies. He identifies potential development sites, tests them for feasibility and then organizes and directs pre-development and development activities. Previously, Mr. Boyd formed LSC, a privately held development company which completed more than 3,000 multifamily units. Earlier, he was a Merrill Lynch representative providing clients with Business Financial Services. Until that time, he owned and operated a construction company which built more than 100 commercial buildings and residential land developments, having gained experience as a single family home builder for many years before that.
Mr. Frost’s primary responsibility is oversight of the day-to-day operations of B/K’s development. Previously, he was the chief financial officer of LSC and directed all accounting and finance activities including financial reporting, property taxes, insurance, cash management, banking relations, tax reporting, regulatory compliance, and systems management, all functions he is now performing at B/K Development. Mr. Frost is a Certified Public Accountant and licensed Real Estate Broker with extensive experience in multifamily development and management. During his multifamily career, he has been involved in the development and construction of more than 4,000 multifamily units.
Mr. Kim’s primary responsibilities include initiating and managing all movements of cash transactions for the firm and compliance with covenants relating to existing debt and equity transactions.
Ms. Glasscock’s primary responsibilities include oversight and management of all accounting functions and coordination of working groups assigned to debt and equity closings.
Mr. Rivers has been involved in property management since 1989. His career began at Lexford Properties, where he worked for a variety of clients ranging from venture capitalists to large institutional firms. In 1997, he was instrumental in the startup of B/K Multifamily Services and the implementation of both the accounting department and the technology infrastructure. His long experience and expertise working with a broad client base has made him uniquely qualified to meet the challenging needs of the multifamily industry. Tim obtained bachelor’s degrees in both Finance and Accounting from Oklahoma State University. He has also completed various continuing education courses in accounting, compliance, and information technology.
With over thirty years of apartment management experience, Ms. Dillavou oversees B/K’s operations covering a 6-state region. She previously held positions with Greystar and Lexford Properties, serving as District Manager before joining the B/K team. Over the course of her fifteen-year tenure with B/K, she has overseen a diverse portfolio ranging from 501(c)(3) affordable housing communities to luxury high-rises. With her extensive experience in apartment operations, 6+ multi-family software programs, marketing, budgeting, rehabs and lease-ups, she is uniquely qualified to aid owners and asset managers in accomplishing the goals of their organizations. Her previous positions have provided hands-on experience at all managerial levels of on-site property management, which enables her to swiftly identify modifications which need to be made to improve productivity and potential in her employees and the assets under her direction.
Since the beginning of her career in the multifamily business twenty plus years ago, Ms. Grafton has accumulated an abundance of experience at all levels of property operations. She began as an on-site leasing consultant, rapidly advancing through various managerial assignments due to her unique leadership and motivational acumen. She previously held managerial positions at Summer’s Property Management and Lexford Properties before joining the B/K team. Her experience includes lease-ups, renovations, and turn-around projects on distressed properties. Melanie not only brings a wealth of experience to the assets of our clients but an energy and insight unmatched by others in our field. She has conducted numerous due diligence reviews, prepared extensive marketing plans and developed pro forma operating budgets. Clients are well served by her diligent work ethic and dedication to her job.
Ms. Tannery has over 30 years of property operations and regulatory compliance experience. She has overseen both the operations and affordable housing compliance for portfolios containing over 27,000 units across the country. In carrying out these duties during her career, she has dealt with an array of affordable housing programs including HUD, Section 8, Rural Development, Tax Credit and bond programs. Kim worked for AIMCO as both a Senior Regional and Regional Vice President in the Northeast Division from 1994-2009. Since that time, she has held executive positions with Pennrose Property Management Company and Eureka Property Management. Having both operations and compliance experience gives Kim the background and knowledge to help clients maximize the productivity and financial success of their properties while achieving the affordable housing mission of providing quality housing in an environment conducive to giving residents an opportunity to thrive.
Michelle Turk joined the company as the national marketing and training director to manage marketing and training efforts across the portfolio. Ms. Turk leads a team of property management professionals to create and implement growth strategies for B/K’s communities and clients. Michelle brings over 10 years of high-level experience to this position, and is a relationship leader with a results-oriented approach to provide a winning combination in training development and strategic marketing. Most recently with Pinnacle, Ms. Turk was an ambassador for creating the strategic vision for the organization’s marketing initiatives, which included brand management, media relations, strategic planning, and more. In this role, she was also highly focused on enhancing sales velocity and retention for the organization. Aligned with B/K’s mission, Michelle brings strategic experience coupled with an energetic, relatable approach, allowing her to cultivate B/K’s team members to reach their full potential and positively impact the bottom line for our client.