Leadership Team | Real Estate Investment Trust Company

Meet Our Team
Meet Our Board of Directors

Director, President, and Chief Executive Officer

Wes Powell

Wes has served as President and Chief Executive Officer of Apartment Investment and Management Company (“Aimco”) and as a member of the Company’s Board of Directors since 2020.

Wes is responsible for executing Aimco’s overall business strategy with a special focus on capital allocation, transactions, and development. He joined Aimco in 2004 and has served in a number of leadership roles, including within the company’s asset management, development, and transactions divisions. During his tenure, Wes has directly overseen the development, redevelopment, and acquisition of multifamily assets valued at more than $6B, containing more than 16,000 apartment homes, and located across more than a dozen U.S. markets. Prior to his time with Aimco, Wes served as a Staff Architect in Washington, D.C.

Wes graduated from the University of Colorado’s School of Architecture and Urban Planning and earned his MBA from Northwestern’s Kellogg School of Management. He resides in the Washington, D.C., metro area with his wife and their children.

EVP & Chief Financial Officer

Lynn Stanfield

Lynn has over twenty years of experience in the real estate industry, primarily with Aimco. Lynn served as Executive Vice President, Financial Planning & Analysis and Capital Allocation from October 2018 to December 2020. During this period, Lynn oversaw various finance functions, was responsible for corporate and income tax strategy, and was a member of Aimco’s Investment Committee. Prior to October 2018, Lynn held various positions with responsibility for affordable asset management, income tax, and investor relations. In addition to her experience with Aimco, Lynn was engaged in public accounting at Ernst and Young with a focus on partnership and real estate clients and served as Assistant Professor of Accounting at Erskine College. Lynn holds a Master of Professional Accountancy from Clemson University and is a licensed CPA.

EVP, Chief Administrative Officer, & General Counsel

Jennifer Johnson

Jennifer served as Senior Vice President, Human Resources from August 2009 to December 2020. She joined Aimco as Senior Counsel in 2004. Prior to joining Aimco, Jennifer was in private practice with the law firm of Faegre & Benson LLP (now Faegre Drinker Biddle & Reath LLP) with a focus on labor and employment law and commercial litigation. She graduated first in her class from the University of Colorado Law School in Boulder, where she met her husband of more than 20 years. They are blessed with two wonderful children.

SVP, Chief Information Officer

Kelley Babin

Kelley brings over 24 years of technical leadership and oversees all technology matters for the company. Prior to returning to Aimco, Kelley was the Chief Technology Officer for PerfectServe from 2020 to 2023, where his teams were recognized as industry leaders in cybersecurity and product development. Kelley previously worked at Aimco from 2012 to 2020 as Vice President of Technology Infrastructure and Operations. Kelley attended the University of Oklahoma, majoring in Computer Science. Kelley resides in the Southwest with his wife of over 20 years and their talented son.

SVP, Chief Accounting Officer

Kellie Dreyer

Kellie brings over 13 years of experience in public accounting and finance. She served as Vice President of Finance for Aimco from April of 2022 until March of 2023. Prior to that, Kellie held several positions with Ernst & Young, most recently as Assurance Senior Manager from 2016 to 2022, where she served clients in the real estate industry. Kellie graduated with a B.S. in Accounting and a Master of Accountancy from the University of Denver. She is also a licensed CPA.

SVP, Southeast Region

Lee Hodges

Lee is responsible for overseeing redevelopment, construction, and acquisition activities within the southeastern United States. From 2015 to 2020, Lee led South Florida redevelopment activities for over 1,300 apartment homes valued at more than $290M. He currently oversees over $500M of redevelopment and development planning and construction in South Florida. With over 25 years of experience in real estate, he has held leadership positions at Peebles Development, Housing Trust Group, and The Related Group of Florida, and has led the successful completion of over $2B of development and redevelopment. Lee holds an undergraduate degree from Kennesaw State University and an MBA from Florida International University.

SVP, Mid-Atlantic Region

Matt Hopkins

Matt is responsible for overseeing development, construction, and acquisition activities within the Northeastern United States. Matt joined Aimco in 2016 as the Development Lead for the Mid-Atlantic region and has since delivered on over $500M in residential and commercial development and repositionings in Boston, New York City, Philadelphia, and Washington, D.C. With over 30 years as a leader in the public policy, marketing, design, and development industry, he has directed almost every aspect of the built environment. Matt has a bachelor’s and graduate architectural degree from The Catholic University of America and is an active member of the American Institute of Architects, the American Institute of Certified Planners, the US Green Building Council, and the Urban Land Institute. Matt and his wife live on the East Coast with their two amazing children.

SVP, National Transactions

Matt Konrad

Matt is responsible for overseeing acquisitions and dispositions nationally as well as overseeing the development, construction, and acquisition activities within the northeastern United States. Matt joined the company in 2017 as Vice President of Transactions for the eastern United States. From May 2017 to December 2020, Matt acquired for Aimco over $900 million of property in greater Boston, Philadelphia, Washington, D.C., and Miami, over two-thirds of which were off-market. Deal structures have included joint ventures, OP units, and entity purchases. Matt has led acquisition efforts for over $2.2B of transactions, including 750,000 square feet of commercial space, 4,100 residential units, and 4.2 million square feet of development. Prior to joining Aimco, Matt held acquisition and development roles for Brandywine Realty Trust and Akridge, a Washington, D.C.-based developer. Matt has a bachelor’s degree from The University of Maryland, College Park, and an MBA from Georgetown University. Matt resides in the Washington DC metro area with his wife and their three children.

SVP, Investment Finance, Asset Management

Chad Levine

Chad has over 20 years of business experience, including over 15 years in real estate. Chad began his career with Lehman Brothers in the firm’s capital markets division and global real estate group, where he contributed to closing over $1 billion in commercial real estate loans and subsequent securitizations. Following Lehman, he spent several years with a privately held real estate syndication firm completing acquisitions, divestitures, and equity raises. Prior to joining Aimco in 2015, Chad founded and operated a small business in the e-commerce industry for nine years. Chad graduated from the University of Colorado’s School of Business and earned his Master of Science in Real Estate from the University of Denver’s College of Business. He is also a licensed, independent real estate broker in the state of Colorado. Chad lives in Colorado with his wife and their energetic dog.

SVP, Central Region

Elizabeth “Tizzie” Likovich

Tizzie is responsible for overseeing the development, construction, and acquisition activities within the central United States. Tizzie joined the company in March 2020. She began her career at Aimco as Vice President, Redevelopment, and was instrumental in bringing several large projects across the finish line. Prior to coming to Aimco, Tizzie was Senior Director, Development at UDR, Inc. where she led development projects in five markets across the country. She was instrumental in constructing 2,400 homes and 100,000 square feet of retail space around the United States, valued at more than $1.7B. Tizzie earned her AB cum laude from Harvard College where she was also a member of the Radcliffe Lightweight Crew Team. She earned her MBA with a focus in Real Estate from The Wharton School of the University of Pennsylvania while achieving academic distinction. Tizzie, and her husband, are the current Aimco record holders for having the most daughters.

SVP, Accounting, Tax, FP&A

Tom Marchant

Tom has over fifteen years of experience working in the real estate industry, with expertise in tax, financial statements, SEC filings, accounting, and financial accounting. Tom has worked with Aimco since 2014 when he joined as VP of Tax. In December 2020, Tom also took on oversight of FP&A. In August of 2021, Tom was promoted to Senior Vice President, overseeing Accounting, Tax, and FP&A. In addition to his experience with Aimco, Tom previously worked for Extra Space Storage and Deloitte. Tom holds a Master of Accounting degree from Utah State University and is a licensed CPA. Tom and his wife have been married for more than 20 years and have three beautiful children.

SVP, Capital Markets & Treasurer

John Nicholson

John serves as Aimco’s Treasurer and oversees capital market activities including sourcing debt and equity nationally. John joined the Aimco accounting team in 2004, transitioning to capital markets shortly after, and has since collaborated on more than $20 billion of capital transactions. Prior to joining Aimco, John held multiple positions within the fields of finance and accounting. John holds an MBA from the University of Colorado, a bachelor’s in business administration from the University of Maine, and resides in the Denver metro area with his wife, and their three kids.

SVP, Development

Derek Ullian

Derek oversees large-scale development projects in the South Florida region. From January 2018 to December 2020, Derek served as Vice President, Redevelopment with responsibility for the western region. Since joining Aimco in August 2016, Derek has led $120M in redevelopments for multiple regions, including Chicago, Los Angeles, San Diego, and Northern California. Prior to joining Aimco, Derek was the Director of Construction and Design for Benchmark Real Estate Group in New York City, and a Project Architect with Hellmuth, Obata + Kassabaum (HOK) in New York/San Francisco/Seattle. He has a Bachelor of Architecture from Florida Atlantic University and is a former member of the American Institute of Architects. Derek resides in South Florida with his wife and their son.

Chairman of the Board of Directors

R. Dary Stone

Mr. Stone was appointed as a Director of the Company in December 2020 and has served in other Board leadership roles at Aimco including Chairman of the Nominating, Environmental, Social, and Governance Committee. Mr. Stone is President and Chief Executive Officer of R. D. Stone Interests. Mr. Stone has served in a variety of capacities at Cousins Properties, an NYSE listed REIT, including as a director on the Cousins Properties board at various times between 2001 and the present. From 2003 to the present, Mr. Stone has served as a director of Tolleson Wealth Management, Inc., a privately held wealth management firm, and Tolleson Private Bank (chair of audit committee and member of compensation committee of each). Mr. Stone is a former Regent of Baylor University (Chairman from June 2009 to June 2011), former Director of Hunt Companies, Inc., Parkway, Inc., and Lone Star Bank, and former Chairman of the Banking Commission of Texas. Mr. Stone brings particular expertise to the Board in the areas of real estate operations and development and corporate and real estate finance.

Director, Chairman of Nominating, Environmental, Social, and Governance Committee

Quincy L. Allen

Mr. Allen was appointed as a Director of the Company in December 2020 and is currently Chairman of the Nominating, Environmental, Social, and Governance Committee. He is also a member of Aimco’s Compensation and Human Resources Committee. Mr. Allen is Co-Founder and Managing Partner of Arc Capital Partners, a Los Angeles real estate investment firm that specializes in urban mixed-use environments. Prior to co-founding Arc Capital, from 2003 to 2013, Mr. Allen worked with Canyon Partners, where he was a Managing Director and investment committee member of the Canyon-Johnson Urban Funds, a partnership between Canyon Partners and Earvin “Magic” Johnson. Prior to joining Canyon Partners, Mr. Allen was an executive with Lazard Frères focused on workouts and portfolio management. Prior to joining Lazard, Mr. Allen held various positions with Archstone Communities and Security Capital Group. Mr. Allen graduated from Wayne State University (B.S. Finance Major, Summa Cum Laude) and Harvard Business School (MBA). Mr. Allen is on the board of the Mike Ilitch School of Business (Wayne State University), Wilshire Center Business Improvement District and Think Together. Mr. Allen is an active member of Urban Land Institute, the National Multi Housing Council and the Pension Real Estate Association. Mr. Allen brings particular expertise to the Board in the areas of real estate investments, development, finance, and portfolio management.

Director, Chairwoman of the Investment Committee

Patricia L. Gibson

Ms. Gibson was appointed as a Director of the Company in December 2020 and is currently the Chairwoman of the Investment Committee. She is also a member of Aimco’s Compensation and Human Resources Committee. Ms. Gibson is a founding principal and CEO of Banner Oak Capital Partners, a fully integrated, independent investment management platform and Registered Investment Advisor. She oversees all investment activity and is responsible for establishing and implementing the firm’s strategic direction. Banner Oak was launched from its predecessor firm, Hunt Realty Investments. Prior to co-founding Banner Oak, Patricia was the president of Hunt Realty Investments, where she led the commercial real estate investment management activities for the Hunt family of companies. Before joining Hunt, Ms. Gibson held senior positions at Goldman Sachs’ real estate subsidiary, where she oversaw portfolio management and the capital market efforts for over $4 billion in commercial real estate assets. She began her real estate investment career in 1985 at The Travelers Realty Investment Company, where she spent nine years on the debt and equity side of the business. Ms. Gibson is a member of Urban Land Institute and was formerly vice chairman of the Industrial and Office Parks Red Council. She is a member of the executive council of the University of Texas Real Estate Finance Council and is a member of the National Association of Real Estate Investment Managers, where she previously served as its chairman. She is on the board of directors of Pacolet Milliken Enterprises, a private investment company focused on energy and real estate, where she serves as the chair of the Compensation Committee. She is also a director of RLJ Lodging Trust. Ms. Gibson holds an MBA from the University of Connecticut and a BS in finance from Fairfield University and is a chartered financial analyst. Ms. Gibson brings particular expertise to the Board in the areas of real estate finance, investment, and asset management.

Director, Chairman of the Audit Committee

Jay Paul Leupp

Mr. Leupp was appointed as a Director of the Company in December 2020 and is currently the Chairman of the Audit Committee. He is also a member of Aimco’s Investment Committee. Mr. Leupp is the Managing Partner and Senior Portfolio Manager on Terra Firma Asset Management’s Real Estate Securities team. He began working in the investment field in 1989. Prior to co-founding Terra Firma in 2020, Mr. Leupp served as the Managing Director and Portfolio Manager/Analyst on Lazard Asset Management’s Global Real Estate Securities team, a business that was created with the sale of Grubb & Ellis Alesco Global Advisors to Lazard in 2011. Prior to joining Lazard, Mr. Leupp was the President and Chief Executive Officer of Grubb & Ellis Alesco Global Advisors and served as the Senior Portfolio Manager for their real estate securities mutual funds. Mr. Leupp founded Alesco in 2006 and had been its President and Chief Executive Officer since its inception. Prior to founding Alesco, Mr. Leupp served as Managing Director of Real Estate Equity Research at RBC Capital Markets, an investment banking group of the Royal Bank of Canada, where he oversaw a five-person equity research team. Prior to joining RBC, Mr. Leupp served as Managing Director of Real Estate Equity Research at Robertson Stephens & Co. Inc., an investment banking firm where he founded the Real Estate Equity Research group in 1994. From 1991 to 1994, Mr. Leupp was a vice president of the Staubach Company, specializing in the leasing, acquisition, and financing of commercial real estate. From 1989 to 1991, he was a development manager with Trammell Crow Residential, one of the nation’s largest developers of multifamily housing. Mr. Leupp holds an MBA from Harvard University and a bachelor’s degree from Santa Clara University. He currently serves on the Board of Directors of Health Care Realty, G.W. Williams Company, The Sobrato Organization (Governance Board), Marcus & Millichap Corporation Holding Company (Advisory Board), Marathon Digital Holdings, San Francisco Catholic Charities, Chaminade College Preparatory (Los Angeles), and on the Policy Board of the Fisher Center for Real Estate at the University of California, Berkeley. Mr. Leupp is past chair (2007-2009) and serves as a Regent Emeritus on the Santa Clara University Board of Regents. He also serves on Santa Clara University’s Trustee Finance Committee, Leavey School of Business Advisory Board, and The Ignatian Center for Jesuit Education. Mr. Leupp brings particular expertise to the Board in the areas of capital markets, corporate governance, real estate operations, finance, and development.

Director, President, and Chief Executive Officer

Wes Powell

Wes Powell has served as President and Chief Executive Officer of Apartment Investment and Management Company (“Aimco”) and as a member of the Company’s Board of Directors since 2020.

Wes graduated from the University of Colorado’s School of Architecture and Urban Planning and earned his MBA from Northwestern’s Kellogg School of Management. Wes resides in the Washington D.C. metro area with his wife and their children.

Director, Chairwoman of the Compensation and Human Resources Committee

Sherry Rexroad

Ms. Rexroad was appointed as a Director of the Company in March 2023 and is currently the Chairwoman of the Compensation and Human Resources Committee. She is also a member of Aimco’s Audit Committee. Ms. Rexroad has over 30 years of experience in REITs and real estate, finance, and capital markets. She currently serves as Chief Financial Officer of Piedmont Office Realty Trust, Inc. Prior to that, Ms. Rexroad served as Chief Financial Officer of STORE Capital, a publicly traded net-lease REIT. Prior to joining STORE Capital, she spent a decade at BlackRock Global Real Asset Securities as Global Head of Business Development as well as Co-Global Chief Investment Officer and Chair of the Investment Committee, where she led fundraising efforts, was a key member that built and led the global real asset securities team and led the development of an ESG scoring system to be implemented into its investment strategy. Ms. Rexroad also served as a member of BlackRock’s Investment Stewardship Advisory Committee and was the first investor to be elected to Nareit’s Advisory Board of Governors. Earlier in her career, she worked in various capacities for Aviva Investors, ING Clarion Real Estate Securities, AEW Capital Management, the U.S. Environmental Protection Agency, and the U.S. General Services Administration. Ms. Rexroad graduated from Haverford College and holds an MBA from the Wharton School, University of Pennsylvania. She also holds the Chartered Financial Artist designation and is a member of the CFA institute. Ms. Rexroad brings particular expertise to the Board in the areas of investment and finance, capital markets, corporate transactions, business strategy and operations, real estate, corporate governance, and investor relations.

Director

Deborah Smith

Ms. Smith was appointed as a Director of the Company in January 2021 and is currently a member of Aimco’s Nominating, Environmental, Social, and Governance, and Investment Committees. Ms. Smith is Co-Founder and CEO of The CenterCap Group. The CenterCap Group, formed in 2009, is a boutique investment bank providing strategic advisory, capital-raising and consulting related services to private and public sector companies and fund managers across the real assets industry. Ms. Smith heads the firm’s Strategic Capital, Mergers & Acquisitions and Execution efforts. She also serves as Chief Executive Officer of the firm’s two wholly owned subsidiaries, CC Securities and CenterCap Advisors. Prior to forming The CenterCap Group, Ms. Smith was Co-Head of Mergers and Acquisitions and a Senior Managing Director with CB Richard Ellis Investors (“CBREI”), where she also served on the Global Leadership Team, which oversaw execution of strategies and best practices. Prior to CBREI, Ms. Smith served as an investment banker with Lehman Brothers, Wachovia Securities, and Morgan Stanley. Ms. Smith has been involved in more than $100 billion of mergers, acquisitions and restructuring transactions and over $500 million of private capital raising assignments to support GP and LP positions for middle-market restructuring, acquisition and development projects across the retail, multifamily, office, hotel and industrial sectors. Ms. Smith is a frequent speaker at industry conferences and author of numerous industry articles for real estate focused publications. Ms. Smith has a Bachelor of Economics, with honors, and a Bachelor of Law, with honors, both from the University of Sydney. Ms. Smith brings particular expertise to the Board in the areas of corporate finance, capital markets, banking, and marketing.

Director

James P. Sullivan

Mr. Sullivan was elected as a Director of the Company in December 2022. He is a member of Aimco’s Audit and Investment Committees. Mr. Sullivan spent 26 years at Green Street Advisors, the preeminent independent research and advisory firm concentrating on the commercial real estate industry. During his first 20 years at Green Steet, Mr. Sullivan was a REIT analyst, and he managed the firm’s REIT research team for five years. He then served for five years as President of Green Street’s Advisory Group, providing strategic advice to commercial real estate owners and investors around the world. In his final year at Green Street, Mr. Sullivan was a Senior Advisor to Green Street’s research team, helping to foster best practices across the firm’s public and private market research groups. He retired in December 2020. Prior to his career at Green Street, Mr. Sullivan worked for ten years as a real estate investment banker and construction lender at Bank of America in Los Angeles and Manufacturers Hanover Trust in New York. Mr. Sullivan currently serves as an independent director for Bixby Land Company, a private real estate company headquartered in Newport Beach, California, where he Chairs the Compensation Committee and is a member of the Audit Committee. Mr. Sullivan also currently serves as an independent director for the James Campbell Company, a private real estate company headquartered in Kapolei, Hawaii where he is a member of the Audit and Compensation Committees. Mr. Sullivan received a bachelor’s degree in economics from Duke University, and an MBA in finance and real estate from Columbia University. Mr. Sullivan brings particular expertise to the Board in real estate investment and finance, capital markets, and investor communications.

Director

Kirk A. Sykes

Mr. Sykes was appointed as a Director of the Company in December 2020 and is currently a member of Aimco’s Compensation and Human Resources and Nominating, Environmental, Social, and Governance Committees. Mr. Sykes is the Co-Managing Partner of Accordia Partners, LLC, a real estate development company, a role he has held since 2014. From 2005 to 2014, Mr. Sykes was the President and Managing Director of Urban Strategy America Fund, LLP, a New Boston real estate investment fund. From 1993 to the present, Mr. Sykes has served as President of Primary Corporation, a real estate company that owns commercial real estate. Mr. Sykes currently serves as a Trustee and Audit & Governance Committee Member of the Natixis Loomis Sayles Funds Board of Trustees, and as a member of the Federal Reserve Bank of Boston External Diversity Advisory Board, the Real Estate Executive Council Emeritus Board (Former-Chairman), Urban Land Institute’s New England Advisory Council, and NAIOP Massachusetts Board Management Committee among others. In addition to other Director roles, he previously served on the Board of Ares Commercial Real Estate Corporation (NYSE:ACRE) and The Federal Reserve Bank of Boston from 2008 to 2014, including as its Chairman from 2012 to 2014. Mr. Sykes holds a Bachelor of Architecture degree from Cornell University, and is a graduate of The Harvard Business School Owner and President Management Program. Mr. Sykes brings particular expertise to the Board in the areas of real estate investment and development, real estate finance, and banking.