114 West 47th Street
23rd Floor, New York, NY 10036
phone: 1.212.843.6100 | fax: 1.212.843.6120
www.recp.com

Executive Team

Senior Management

Robert Kinney
Non-Executive Chairman

Mr. Kinney is a founding partner of Real Estate Capital Partners. His four-decade career spans the spectrum of real estate investment. Prior to establishing Real Estate Capital Partners, Mr. Kinney was president and CEO of Mellon Real Estate Investment Management Corporation (a subsidiary of Mellon Bank), which acted as real estate investment advisor to pension funds, an $80 million finite-life REIT (for which he served as chairman and trustee) and wealthy offshore investors.  During his six-year tenure, the company grew from zero assets to $1.2 billion in assets in a diversified portfolio of equity, debt and hybrid investments.
           
Previously, at Merrill Lynch & Co. Mr. Kinney acted as group vice president and director of Merrill Lynch, Hubbard, Inc. with responsibility for the Institutional Asset Management Group which included pension fund advisory accounts and a NYSE-listed real estate investment trust.  He also served as president of Caribbean Equities Corporation, a real estate development company, and as vice president of Lomas & Nettleton Financial Corporation.

Mr. Kinney received his BBA with honors in Business Management and a minor in Engineering from the University of Hawaii. Mr. Kinney retired in 2006.

Karin Shewer
Partner / President

Karen Shewer

Ms. Shewer is a founding partner of Real Estate Capital Partners. She manages the day-to-day operations of the firm and heads the company’s marketing department. She oversees all fundraising efforts and is a member of the Internal Investment Committee.

Prior to establishing Real Estate Capital Partners in 1989. Ms. Shewer was Senior Vice President of Mellon Real Estate Investment Management Corporation where she marketed the firm’s real estate products to pension funds and wealthy individuals, in addition to serving as the primary contact for general client and public relations and shareholder communications for the Mellon Participating Mortgage Trust.  She also sat on the investment and asset management committees.

Ms. Shewer serves as Chairman of the Executive Board of The Association of Foreign Investors in U.S. Real Estate (AFIRE). She received a BA in Urban and Environmental Studies from Case Western Reserve University and an MA in City Planning from the Harvard University Graduate School of Design.

Paul Doocy
Partner / Executive Vice President

Paul Doocy

Mr. Doocy is the head of the Investment/Acquisitions Team and co-manages the day-to-day operations of the firm. He applies his extensive finance background to the equity financing of commercial and multifamily developments for the firm.  He oversees the firm’s overall due diligence and investment/disposition approval process, and is a member of the Internal Investment Committee. 

Prior to joining Real Estate Capital Partners, Mr. Doocy was a partner in a Dallas based real estate investment banking firm.  The focus of his investment activity was large structured finance transactions involving pension fund clients.  He also has experience in securitization vehicles such as REMICs, REITs and low-income housing tax credits.  Mr. Doocy began his career with a Dallas based real estate and oil and gas syndication firm. 

Mr. Doocy is an active member of the Multifamily Leadership Board for the National Association of Home Builders (NAHB), and he is a member of the National Multifamily Housing Council and the Urban Land Institute. He received an MBA from Southern Methodist University and is a graduate of Amherst College (BA, Political Science).

Investment Management

Michael Fruchtman
Partner / Director – Commercial Investments

Michael Fruchtman

Mr. Fruchtman’s career has centered on real estate finance, valuation and feasibility analyses.  He oversees the team responsible for the underwriting, asset management and ultimate sale of commercial properties, and is a member of the company’s Investment Committee.

Prior to joining the firm, Mr. Fruchtman was an assistant vice president in the Real Estate Finance Group of Chemical Bank, where he evaluated commercial properties for loan origination and workout purposes, as well as consulting on acquisition opportunities.

Mr. Fruchtman holds an MBA in Real Estate Finance from Columbia University and a BBA in Real Estate and Urban Land Economics from the University of Wisconsin.

Sylvia Gross
Partner / Director – Capital Markets

Sylvia Gross

Ms. Gross is a member of the acquisitions group with varied responsibilities including real estate finance, equity financing of residential joint venture developments and marketing. She has 15 years of experience in real estate finance, sourcing, negotiating and structuring real estate facilities.  Ms. Gross has extensive experience on both, debt and equity transactions and is primarily responsible for arranging (the debt) and managing the financial requirements of the individual projects, working directly with the acquisition and asset management groups to optimize each project’s capital structure.

Prior to joining the firm, Ms. Gross was the Vice President of Finance at Louis Dreyfus Property Group, where she was responsible for all financing activities of the company and managed the company’s relationship with financial institutions and investors. Previously, Ms. Gross established the real estate lending department of BHF-BANK, where she managed a diversified commercial real estate loan portfolio and acted as liaison between the US branch and the German investors and borrowers of the bank. 

Ms. Gross holds an MBA in Finance and International Business from New York University and a BA in Economics and German from Bucknell University.  

John Di Fiore
Senior Vice President

John M. Di Fiore

Mr. Di Fiore is responsible for investment acquisitions of all types of residential assets including multi-family garden and hi-rise apartments and condominiums throughout all U.S. markets. Initially, Mr. Di Fiore was Controller of RECP from 1992 through 1998 where he was responsible for and supervised all accounting, tax and financial reporting requirements for the company and its investment partnerships. From 1999-2002 Mr. Di Fiore oversaw the full scope of Real Estate Capital Partners’ asset management services including development of budgets, leasing, tenant/capital improvements, handling property sales, etc.
           
Prior to joining the firm, Mr. Di Fiore was an audit manager in the Real Estate Services Group of Arthur Andersen & Co.  He specialized in audit and consulting services for investment, development and construction clients, as well as hospitality and leasing services for real estate owners, investors, advisors and managers.

Mr. Di Fiore received BBA and MBA degrees in Accounting from Pace University and is a Certified Public Accountant.

Tony Cardoza
Vice President

Mr. Cardoza has extensive experience sourcing, underwriting and investing in land, retail and multi-family assets. As a member of the residential investment team, Mr. Cardoza is responsible for residential equity investments in the Western U.S.

Prior to joining Real Estate Capital Partners, Mr. Cardoza was involved in acquisitions and investments for Prometheus Real Estate Group, the largest private owner of apartment communities in Northern California.  Prior to that, he was involved in acquisitions and project management for TMG Partners, a San Francisco based developer. Before joining TMG Partners, he was an analyst at Burnham Pacific Properties, a publicly-traded REIT.

Mr. Cardoza holds a BS degree in Economics from Middlebury College and an MBA in Finance and Real Estate from the Haas School of Business at UC Berkeley.

Terri Gumula
Vice President

Terri Gumula

Ms. Gumula has spent nearly 20 years in the real estate industry. She began her career as an appraiser, valuing commercial office buildings, retail, multi-family and land followed by positions in asset management. Most recently, Ms. Gumula was with Time Equities, a New York City based privately-held commercial real estate company working as Project Director of Acquisitions where she was directly responsible for the originating, underwriting, and closing over $100 million of commercial properties across the United States and Canada.

Ms. Gumula holds a BA in Economics from the University of Maryland, College Park.

Marc Schulder
Vice President

Marc B. Schulder

Mr. Schulder has an extensive history of sourcing, underwriting, financing, and closing a wide variety of residential and commercial real estate investment opportunities.  As a member of the multifamily investment team, Mr. Schulder is responsible for equity joint venture investments in accordance with the company’s investment criteria.

Prior to joining Real Estate Capital Partners, Mr. Schulder held successive positions as Director of Acquisitions and then Director of Commercial Leasing for SK Properties, one of New Jersey’s largest private development companies.

Mr. Schulder holds an MBA in Real Estate and Finance from Rutgers University and a BS in Finance and Marketing from the University of Maryland.  He is a licensed NJ Real Estate Salesperson and is a member of Urban Land Institute.

Shawn Veldhouse
Vice President

Shawn Veldhouse

Mr. Veldhouse has an extensive history of sourcing, underwriting, financing, and closing a wide variety of commercial real estate investment opportunities. As a member of the commercial acquisitions team, Mr. Veldhouse is responsible for acquiring real estate assets in accordance with the company’s investment criteria.

Prior to joining Real Estate Capital Partners, Mr. Veldhouse was a Vice President of Acquisitions for The Milestone Group and its predecessor division within Insignia Financial Group. Before joining Milestone, Mr. Veldhouse worked in the Development Group at the RREEF Funds. Prior to that, he was with GMAC Commercial Mortgage.

Mr. Veldhouse holds an MBA in Finance from Loyola University Chicago and a BS degree in Finance from the University of Utah.

Asset / Property Management

André Kinney
Partner / Director – Asset Management

Andre R. Kinney

Mr. Kinney oversees the full scope of Real Estate Capital Partners’ asset management services. He is responsible for the overall strategy, financial performance and maintenance of all multi-family, office, industrial and retail properties across the US.   Mr. Kinney is a member of the company’s Investment Committee and brings 20 years of real estate experience with a focus on office building asset management, on-site management, development and financial analysis.    

Prior to joining Real Estate Capital Partners, Mr. Kinney was Director of Asset Management at Centennial Real Estate where he served clients including institutional investors, pension funds and private investors.  Mr. Kinney was responsible for client relations, financial analysis, and oversight of the leasing, maintenance and disposition of all commercial assets.

Mr. Kinney is a graduate of the George Mason University Executive Masters Program and holds a BS with a specialty in finance.

Spencer McCann
Partner / Vice President

Spencer A. McCann

Mr. McCann brings 9 years of real estate experience with special focus on mechanical systems, construction and tenant build out. Prior to joining Real Estate Capital Partners, Mr. McCann was Facilities Engineer for Alcatel USA, Inc.  In this capacity he was responsible for all operations at the North American headquarters, as well as at numerous offices around the nation.  Responsibilities included oversight of all building related functions including design, installation and maintenance of all critical systems.  He also maintained responsibility for all construction projects and was also responsible for safety planning and preparations at all critical sites.

Mr. McCann holds a BA from Muhlenberg College in Allentown, Pennsylvania.

Construction Management

Steven Whitney
Vice President

Mr. Whitney, an architect, brings over 30 years experience in contract and construction management, development, real estate
brokerage and management, building operations, construction loan monitoring, and environmental due diligence. His experience has been with major office and retail developers as well as private architectural practice/contract administration and construction, and management with a leading financial institution.

Before joining the firm, Mr. Whitney founded Sew Real Estate Services, a consulting firm providing services to a broad array of corporate clients focused on the acquisition and/or management of real estate assets. Prior to forming Sew Real Estate Services, Mr. Whitney managed the Technical Services Loan Management Southern Region at CitiGroup (CitiCorp) in the Real Estate Finance Group. Responsibilities included overseeing construction loan projects, environmental evaluation, due diligence coordination, onsite evaluations,
construction scheduling, funding, and establishing and tracking budgets.

Mr. Whitney received his Bachelor of Architecture from Texas Tech University and is a licensed Architect in Texas as well as a licensed Real Estate Broker. He has previously been a member of the American Institute of Architects, Texas Society of Architects, Dallas AIA, and
Dallas Chamber of Commerce.

Edward Gehring
Vice President

Edward J. Gehring

Mr. Gehring has over 30 years experience in various phases of construction, development and contracting.  His career includes such experience as Supervisor of Construction for a major contractor/developer in southwest Florida; a project manager, an excavation contractor, building department official, consultant, owner representative and architect representative.

Mr. Gehring has supervised construction of mid-rise, hi-rise, commercial, industrial and residential buildings including multi-family and major structures over water.  In addition to his onsite construction experience, Mr. Gehring has experience as a Building Inspector, Plan Review Supervisor and Director of Permitting and Plan Review for Collier County Florida.  He has conducted many building code and flood insurance seminars for the construction and real estate industries and holds various inspector credentials including inspection licenses for plumbing, electrical and mechanical work and hurricane damage mitigation. 

Mr. Gehring attended Michigan College of Mining and Technology while in the U.S. Air Force.

Accounting

Robert McGee
Partner / Senior Vice President / Chief Financial Officer

Robert J. McGee

Mr. McGee is responsible for financial, tax and performance reporting for RECP and its related entities, our management information systems and administrative requirements.  Mr. McGee is a member of the Internal Investment Committee. He has nearly 30 years of real estate accounting experience that enables him to contribute to our advisory activities by providing our investors with greater in-house expertise on tax issues.

Previously, Mr. McGee served as SVP & CFO for Greystone Realty Corporation, a real estate advisory firm that managed more than $2 billion in diversified equity real estate investments on a national basis.  Prior to joining Greystone, he served as VP & Controller at Mellon Real Estate Investment Management Corporation and as VP & Treasurer of Mellon Participating Mortgage Trust, a publicly traded REIT.  He was formerly a financial analyst with HRO International, Ltd. and an audit manager with Kenneth Leventhal & Company.

Mr. McGee holds a BBA in Accounting from Bernard M. Baruch College and is a Certified Public Accountant.

Ellyn Turner
Partner / Director of Financial Accounting and Reporting

Ellyn Turner

Ms. Turner is responsible for the accounting and financial reporting for Real Estate Capital Partners and subsidiaries. She is also responsible for periodic and ad hoc reporting to the advisory clients as well as industry performance indices. Ms. Turner oversees all cash and entity management. She is involved in building company information systems as well as HR and administrative functions.

Prior to joining RECP, Ms. Turner was an auditor in the Real Estate Services Group at Arthur Andersen & Co.

Ms. Turner holds a BS in Accounting from the University of Rhode Island and is a Certified Public Accountant.

Ilene Morrison
Director of Tax and Real Estate Accounting

Ilene Morrison

Ms. Morrison is responsible for the tax and financial reporting for investment partnerships and investors, and for Real Estate Capital Partners, L.P. Ms. Morrison has a total of over 10 years of real estate tax experience with Deloitte & Touche LLP and Coopers & Lybrand L.P.  While at Deloitte & Touche, Ms. Morrison led the Real Estate Capital Partners tax engagement for approximately 7 years.  Her primary expertise is in tax consulting and compliance for large real estate owners, operators and investors. In addition, she has performed audits for real estate developers and owners.

Ms. Morrison holds a Master of Taxation from Long Island University and a BBA in Accounting from Hofstra University. She is a Certified Public Accountant.

Marketing

Stefan Grahn
Partner / European Representative

Mr. Grahn´s career has centered on advising high net worth clients of a German private banking institution in all real estate investment matters including property acquisition and disposition, real estate finance, and asset management. With his experience in private banking and his knowledge of the U.S. real estate markets he is responsible to meet each of our investors’ needs.

Prior to joining the firm, Mr. Grahn was the head and Vice President of the “Real Estate Investments”-department of Hauck & Aufhäuser Privatbankiers KGaA, a traditional private bank, located in Munich and Frankfurt/Main. That department specialized on real estate transactions in the US and in Canada, including the supervision of local management and the reporting of activities to the bank’s private investors.

Mr. Grahn graduated from the EBS Immobilienakademie GmbH, Wiesbaden, Germany, which he passed as “Immobilienökonom (ebs)”.

Information Technology

Doug Prechtl
Chief Technology Officer

Doug Prechtl

Mr. Prechtl is responsible for determining strategic direction for the firm’s information and technology related operations. He heads up the IT staff and is responsible for technological decisions; software platforms, security, third-party vendors and web-based technology.

Bringing 25 years experience in the information technology field, his experience has covered all aspects of the field including network engineering, software development, and equipment maintenance. Prior to joining RECP, Mr. Prechtl worked as an independent consultant to small and medium businesses. More recently he has served as VP of Information Technologies for MercyFirst and for IsI Dentsu of the Americas as a consulting senior network engineer.

Mr. Prechtl holds a BE in Electrical Engineering from SUNY at Stony Brook.