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.
Mr. Beneke is responsible for sourcing, evaluating, and managing the firm’s direct and joint venture investments. Having identified these projects, he structures conventional and tax-advantaged models for investors, placement agents, and tax counsel. Since starting his career, B/K Multifamily has acquired and managed an additional $350MM of multifamily assets across Texas and the Southeastern United States. 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 Multifamily’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 Multifamily’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 Multifamily. 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.
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.