A Blend of Youth and Experience

Timothy O. Horne is Head of the Boyd Watterson real estate division and of the Denver, Colorado office. Together with the Chief Executive Officer, he is responsible for the development and implementation of the long-term strategic and annual business plans. In his role as leader of the real estate division, Tim leverages the Boyd platform for cohesiveness, efficiency, and results. He manages the entire real estate team, the GSA focused open-end real estate fund, the maintenance and continued growth of the company’s real estate investment footprint and develops and maintains key strategic relationships. Tim provides senior level support and guidance across the company, personifying and maintaining Boyd Watterson culture and values.

Tim’s resume includes a long tenure with the General Services Administration where, prior to joining Boyd Watterson in February of 2021, he was Regional Commissioner of the Public Buildings Service for GSA’s Region 8 and Acting Administrator of GSA. His extensive career in the government space provides a solid framework for his contribution to Boyd’s vast government leased real estate portfolios.

• BS in Finance from Regis University
• BA in Communications from Regis University
• Member of the National Infrastructure Advisory Committee

Robert Law, after years serving as Chief Investment Officer of Boyd Watterson’s real estate division, has earned the honorable role of Emeritus. Robert is responsible for transferring his vast knowledge of the real estate business to those responsible for driving the execution of investment processes. He is a valuable resource for members of the team in the development, maintenance, and oversight of real estate investment strategies and products. In collaboration with the Chief Investment Officers, Bob guides the real estate team in the development and execution of long-term and tactical business plans and is involved in vetting each asset acquired as a member of the Investment Committee.

Bob joined Boyd Watterson in May of 2009 with deep roots in the real estate sector. He spent 14 years as the Managing Director of Real Estate Investment Management at the Mercantile Bank and Trust Company in Baltimore. During that time, he grew the AFL-CIO’s Building Investment Trust from $200 million to $1.9 billion over a 10-year period. His career has spanned more than three decades and is highlighted at Boyd Watterson by his close involvement in the establishment of the real estate line of business and subsequent real estate funds and programs.   

• BS in Civil Engineering from the Virginia Military Institute
• Attended the Graduate Government and Business program at George Washington University

Brian A. Convery, CFA, is the Co-Chief Investment Officer of Boyd Watterson’s real estate division. Brian co-leads the investment process and discipline, developing investment philosophy, strategy, and procedures to ensure Boyd Watterson delivers investment results that meet client expectations while maintaining moderate levels of risk. He guides, alongside the CEO and other CIOs, the Macro and Investment Policy Committees, focusing on evaluating the broad investment market and guiding risk and return positioning. Brian is responsible for working with the Head of the real estate division to develop and implement long-term strategic and annual business plans, overseeing the investment initiatives. He also supervises the Research team, ensuring high-level strategic focus and performance.

Prior to joining Boyd Watterson in 2011, Brian had an extensive career highlighted by roles including a management consultant focusing on corporate strategy and an investment analyst specializing in high-yield bonds. His initial role with Boyd was Portfolio Manager of Credit research. His initiative and innovation quickly elevated his position to his current role, advising on strategic direction and facilitating new product development and execution. Within the real estate division, Brian serves as a portfolio manager and member of the Investment Committee. He was instrumental in the development and launch of the firm’s state and local government focused open-ended real estate fund and open-ended REIT product and is an integral part of new product development. He has also driven the development and growth of the Research and Data Lab, a facet of the company focusing on qualitative and quantitative decision making, which he now directs.

• MBA from Georgetown University
• BA from the University of Dayton
• CFA Charterholder
• Member of the CFA Institute
• Member of the CFA Society of Cleveland

As Co-Chief Investment Officer of the Real Estate team, Zachary L. Segal co-leads the investment process, focusing on current real estate products, new product development, and strategic initiatives. Zach is Portfolio Manager on a number of the company’s funds and sits on the respective Investment and Allocation Committees. He is responsible for collaborating with other CIOs in the development, review, and continual improvement of the company’s investment approach and themes. Further, he is a conduit between the investment team and client communications, ensuring understanding and transparency. Zach is also a leader in the research, proposal, and launch of new investment products.

Prior to joining Boyd Watterson in April of 2022, Zach was a Partner and Special Situations Group Director of Asset Management at The Townsend Group, executing and managing real estate private equity investments across property types, markets, and structures.  Zach also held real estate finance and principal investing roles at Polinger Development Co., Goldman, Sachs & Co., and Charles River Realty Investors, LLC.  During the global financial crisis, Zach served as Director of Strategic Initiatives and Credit Market Programs at the U.S. Department of the Treasury, where he managed Troubled Asset Relief Program (TARP) investments. 

• MBA from the Tuck School of Business at Dartmouth
• BA in English from Dartmouth College, cum laude

Casey F. Wendeln is Co-Deputy Chief Investment Officer of the Real Estate division. He serves as the primary portfolio manager for the Boyd Watterson state and local government focused real estate fund and a secondary portfolio manager for the Boyd Waterson GSA focused open-end real estate fund. In these roles, he is responsible for the monitoring and oversight of all activities of the funds, including acquisition and disposition activity, asset management and leasing, balance sheet and capital markets activities, and client relations and reporting. Casey is the Co-Head of Asset Management and Head of the Boyd Watterson Chicago office. He provides oversight for the LIFE fund and separate account activities. In addition, Casey is a member of the Real Estate Investment Committee, Allocation Committee, Finance Committee, and chairs the Underwriting Committee.       

Casey began his career with the company in 2009 and was an instrumental part of building the Real Estate Investment team and its investment vehicles from the ground up. Prior to joining Boyd Watterson, Casey was an Associate in the Capital Markets Group at Jones Lang LaSalle in Chicago, working on $2.4 billion in investment sales of office, industrial, and retail properties nationwide.

• MBA from the Kellogg School of Management at Northwestern University
• BBA in Finance from the University of Notre Dame, magna cum laude
• ULI member
• PREA member
• CREPE member
• Kellogg Real Estate Alumni Club member
• Active fund-raiser for the Alzheimer’s Association
• Coach at the youth sports level for multiple teams

Timothy D. Walsh is a Co-Deputy Chief Investment Officer within Boyd’s real estate division and is based out of Connecticut. He is responsible for managing, along with the Co-Portfolio Manager, the firm’s open-ended REIT product. He works to develop and execute strategies to grow and maintain the REIT, while also optimizing returns through asset allocation and selection and process improvements. Tim serves as a member of the Real Estate Investment and Allocation Committees and focuses on special initiatives across the real estate division. Further, he works with the Distribution team to ensure clear communication and enhance transparency.

Prior to joining Boyd Watterson in July of 2023, Tim spent 17 years of his career at UBS Asset Management as a Managing Director, member of the Investment and Management Committees, and Senior Portfolio Manager for the firm’s open-end, core-plus fund. He also spent a decade in acquisitions, closing more than $2.5 billion in fee simple, joint venture, and participating mortgage transactions across all property types and all major Northeast and Southeast markets.  Tim’s diverse experience also includes eight years in property management, development, and construction in Southern California, Las Vegas, and Chicago.

• MBA from the Tuck School of Business at Dartmouth
• BA in English at Amherst College
• Volunteer for the Ron Foley Foundation for Pancreatic Cancer Research
• Foster family for New England Puppy Rescue

Stephen A. Perry sits on the Board of Directors for Boyd Watterson Asset Management. In addition, he serves in the capacity of a Strategic Advisor within the company. In his role as Strategic Advisor, Stephen facilitates the Strategic Management Process through which the CEO manages the firm and develops long-term and line of business objectives, ensuring goals and action plans are specific and measurable. He is also a member of the Real Estate Investment Committee, where he assists in the review of potential property acquisitions and provides insight into the government space.

Since joining Boyd Watterson in January of 2015, Stephen has helped guide the company through a period of extreme growth, thanks in part to his results-oriented personality and diligence. Stephen’s extensive career includes roles as the President of the Pro Football Hall of Fame, the 17th Administrator (CEO) for the U.S. General Services Administration (GSA), the Director of the Department of Administrative Services for the State of Ohio, and Senior Vice President of Human Resources at Timken Company.

• MS in Management from Stanford University
• BS in Accounting from the University of Akron
• Executive Management Program – University of Michigan Graduate School of Business Administration, Ann Arbor, Michigan

Thomas M. Cicotello is a Portfolio Manager in the real estate division and Co-Head of Asset Management.  He is responsible for developing and maintaining key strategic relationships with real estate owners, developers, brokers, government staff, civic leaders, and other partners, and for establishing a pipeline of acquisitions for the Boyd Watterson real estate programs. 

In January of 2018, Tom joined Boyd Watterson and led the opening of the company’s office in Washington, D.C. His role has since elevated to Head of the D.C. office, where he embodies and maintains Boyd Watterson culture and values. Most recently, he guided the opening of Boyd Watterson’s newest office in Denver, Colorado.

Prior to joining Boyd, Thomas was a Senior Asset Manager and Director of Commercial Leasing for the privately held Clark Enterprises, Inc. (CEI) of Bethesda, Md., where he was responsible for the oversight of management, leasing, and capital improvement activities associated with CEI’s commercial and hospitality portfolio.

• BSBA in International Business and Finance from the American University
• CCIM from the CCIM Institute
• RPA from the Building Owners and Managers Institute International
• Board Member of Monsignor Smyth Endowment Fund
• Board Member of SW Business Improvement District in Washington, DC
• Board Member of NoMa Business Improvement District in Washington, DC
• Member of the Federal City Council

Brian R. Orr is a Portfolio Manager across the real estate products, focusing primarily on GSA/ federal leased properties and is responsible for deeply understanding all aspects of those assets. He has a thorough understanding of asset and portfolio risks and works with the portfolio team to develop appropriate mitigation strategies to actively identify opportunities for improving portfolio performance. He is further responsible for communicating his expertise internally to assist in the strategic management of the real estate programs, and externally to provide transparency to investors. Further, Brian is responsible for maintaining relationships with developers, owners, brokers, and other real estate professionals.

Brian came to Boyd Watterson in July of 2014 from Ernst & Young, LLP where he managed a team on various investment consulting, valuation, and capital markets engagements for the Transaction Real Estate Advisory Services group. While at Boyd, Brian has remained focused on driving the total return for the company’s GSA focused open-end real estate fund.

• BA from Purdue University
• Member of Chicago Real Estate Council
• Member of Mortgage Bankers Association
• Associate member of the Institute of Real Estate Managements
• Volunteer for Nourishing Hope
• Volunteer for Chicago Lights Urban Farm program

Kristen L. Albano is a Portfolio Manager across the real estate products, focusing primarily on the state and local government leased properties while also concentrating on asset-specific strategies, portfolio composition objectives, and liability management. Kristen makes frequent site visits in order to understand the assets, markets, and owners where the funds are invested so she may actively identify opportunities for portfolio improvement and assist the firm with the acquisition of additional assets. She serves as an active communication conduit between the asset and product portfolio management teams, while also strengthening client-facing interaction and consultant relationships.

Prior to joining Boyd Watterson in July of 2014, Kristen worked at IndCor Properties, a Blackstone-owned company, as a Manager within the Finance Group. Kristen began her career with Boyd as an Asset Manager and held positions with ever-increasing responsibilities, leading to her current role in portfolio management.

• MBA in Finance and Real Estate from the University of San Diego
• BS in Policy Analysis and Management from Cornell University

Eric F. Dowling is the Head of Acquisitions for GSA/federal leased properties. He manages a team of professionals focused on the sourcing, underwriting, negotiating, and closing of real estate investments across the federal-leased sector that meet the investment criteria determined in concert with the Portfolio Management team. He is responsible for developing and maintaining key relationships with real estate owners, developers, brokers, and government staff to ensure Boyd Watterson’s significance in the space and for establishing a pipeline of acquisitions to meet investor needs.

Eric joined Boyd Watterson in July of 2015 with several years of development, underwriting, acquisitions, and asset management experience to his credit. He has made a significant impact in the rapid growth of Boyd’s real estate funds and programs.

• MBA with a concentration in Real Estate from the University of Wisconsin-Madison
• BS in Business Administration from Villanova University

Joseph V. Capra is Head of Acquisitions for state and local government leased properties. He manages a team of professionals who source, negotiate, underwrite, and close on real estate assets leased to state, county, and municipal governments nationwide. Joe is responsible for executing the strategy to deliver income-focused returns to investors. He is also an instrumental part of the company’s structured financing efforts, negotiating numerous joint venture agreements, forward commitments, and mezzanine loans. While at Boyd, Joe has been a large part of the growth of the GSA focused open-end real estate fund as well as growing assets in the state and local government focused real estate fund since its inception. 

Joe has more than 28 years of experience in real estate principal investing, investment banking, commercial real estate lending, and financial markets. Prior to joining Boyd Watterson in October of 2015, Joe was the Director of the Midwest Capital Markets Group at DTZ (now Cushman & Wakefield). 

• MBA with a concentration in Finance from the University of Missouri
• BS in Business Administration with a concentration in Finance from Truman State University

Nicholas M. Nigro is Head of Acquisitions for Boyd Watterson’s first open-end real estate REIT. He oversees a team of professionals focused on sourcing, underwriting, managing, and closing acquisitions anchored by government contractors and other quasi-government agencies across asset classes. Nicholas has an attention to detail fine-tuned through more than a decade of institutional real estate experience that is invaluable to the due diligence process. Nicholas works closely with the Portfolio Management team to acquire assets that fit investment criteria, while establishing and cultivating relationships with brokers, investors, lenders, and other market participants.

He joined the firm in February of 2021, previously serving as a Director at Bridge Investment Group where he oversaw Midwest regional acquisitions and the asset management of a 2.3 million square foot value-add office portfolio. He also worked at Argentic Investment Management, a New York-based affiliate of Elliott Capital Management, where he managed the underwriting, due diligence, and closing of debt investments across asset classes.

• BS in Finance and Accounting from Boston College
• Member of NAIOP Industrial & Office Trends Forum

As Regional Director of Asset Management for the Eastern region, Frank Coppola is responsible for overseeing the asset managers of properties located in the East. He works with his team to ensure portfolio performance, focusing on maximizing return while mitigating risk.

Prior to joining Boyd Watterson in June of 2019, Frank was a Portfolio Manager with Lincoln Property Company where he oversaw real estate assets in southwest Washington D.C. He also served as a Group Manager, Vice President, and Team Leader with JLL, managing all financial and operational aspects within a portfolio of properties in the DC Metropolitan Area.

• BS in Business Administration from Susquehanna University
• CCIM designation from the Realtors National Marketing Institute
• State of Maryland Associate Broker License
• LEED Green Associate

Della G. Wegman is the Regional Director of Asset Management for the Western region, responsible for overseeing the regional asset managers, providing guidance and expertise. Della works with her team to maximize return and mitigate risk within the portfolio of assets they manage by focusing on lease renewal, expense management, and hold/sell analysis.

Prior to joining Boyd Watterson in March of 2021, Della was a Managing Director of the Central United States Asset Management for EverWest Real Estate Advisors, where she oversaw the investment performance of a portfolio valued at $1 billion. She also served as a Senior Vice President at Amstar Group, managing assets throughout the United States on behalf of a private family and public pension fund clients.

• MBA from Drake University
• BBA in Management Sciences from the University of Iowa
• LEED-EB

Ryan A. Zader is the Regional Director of Asset Management for the Central region, responsible for overseeing a team of asset managers, providing guidance and expertise. Ryan works with his team to maximize returns and mitigate risk within the portfolio, focusing on lease execution, relationship management, operational & financial reporting, valuations, and dispositions to achieve fund objectives.

Prior to joining Boyd Watterson in May of 2023, Ryan was a Senior Vice President at CP Group, responsible for leading the firm’s acquisition and disposition efforts in the Denver & Phoenix markets. He was also responsible for the oversight of property management, construction management, leasing, and all other asset management-related functions in those markets.

• BA in Economics with an emphasis in Real Estate Finance and Macroeconomics from the University of Michigan

Hugh K. Nisbet works on the Acquisitions team and is responsible for maintaining a robust pipeline and procuring properties for Boyd Watterson’s state and local government focused open-end real estate fund. He focuses on sourcing and analyzing potential properties which adhere to the investment guidelines and are portfolio enhancing, maximizing investor return and minimizing risk.

Hugh joined the firm in January of 2017 and was a member of the Boyd Watterson team that launched the second private open-end real estate fund. Prior to coming on board, he was a Senior Underwriter at KeyBank where he was responsible for the CMBS and Fannie Mae loans. His 23-plus years of experience in financial services also includes serving as a consultant at a variety of financial institutions in which he focused on evaluating risk associated with loan portfolios.

• MBA in Finance from the University of Missouri
• BSBA in Finance from the University of Missouri
• LEED Green Associate

Trenton M. Joyce is part of the Acquisitions team and is responsible primarily for deal evaluation. He performs underwriting analysis, due diligence assessments, data gathering, market analysis, and tenant research to ensure prospective acquisitions meet investment criteria as determined by the portfolio management team.

Prior to joining Boyd Watterson in January of 2018, Trent was a Commercial Mortgage Analyst for Fitch Ratings where he assessed credit characteristics of U.S. and Canadian Commercial Mortgage-Backed Securities (CMBS) with average asset-values of $1 billion by investigating legal documents, analyzing historical financial statements, and evaluating economic, demographic, and real estate market data. He also served as a Structured Finance Analyst for US Bank where he built and maintained Mortgage-Backed Security (MBS) and Asset-Backed Security (ABS) waterfall distribution models.

• BBA in Finance from the University of Dayton
• CFA Charterholder
• LEED Green Associate

Daniel A. Orcutt is an Asset Manager on the Real Estate team in the Washington, D.C., office. Dan manages a portfolio of assets in Washington, D.C., Virginia, Maryland, and New York City with an emphasis on minimizing risks, maximizing returns, and continually monitoring performance. He is relationship focused, ensuring client, tenant, and leasing stakeholders needs are met. He maintains close oversight of property management and leasing functions performed by service partners, performs financial analysis, and reviews valuations.

Prior to joining Boyd Watterson in September of 2021, Dan accumulated nearly 30 years of experience in the industry serving in such positions as the mid-Atlantic market leader and Director of Management Services at Newmark, as well as Director at CBRE, where he was responsible for a portfolio consisting of 10 million square feet of office and industrial assets throughout the Washington Metro area.

• BA in Environmental Design from the University at Buffalo
• Certified Property Manager (CPM) from the Institute of Real Estate Management (IREM)
• LEED Green Associate

Christopher E. Winn is an Asset Manager for the real estate team located in the Denver, CO, office. He is responsible for a portfolio of real estate assets in the Western Region. His proactive approach helps him obtain tenant retention, asset preservation and improvement, and maximum returns. Chris directs all aspects of managing the properties, including administration, operation, and financial oversight.

Before joining Boyd Watterson in September 2021, Chris compiled 18 years of experience within the industry serving in such positions as Director of Asset Management at Everwest Real Estate Investors and Asset Manager for Consolidated Investment Group, where he managed a portfolio of industrial, office, and multi-family properties.

• MBA in Finance from the University of Wisconsin-Madison
• BS in Geology from the University of California, Santa Barbara
• LEED Green Associate

Within the Asset Management team, Steve Riley oversees a portfolio of real estate properties, focusing on maximizing lease potential, minimizing risk, and continually monitoring performance. He works closely with property managers, agency officials, and tenants to ensure needs are being met, oversees all property management functions performed by third-party vendors, and reviews budgets, financial packages, and valuations.

Before joining Boyd Watterson in September 2019, Steve served as a Senior Associate in Jones Lang LaSalle’s Capital Markets Division, focusing on government related and institutional investment sales as a part of more than $750 million in transactions. Steve also worked at Brandywine Realty Trust and First Potomac Realty Trust where he focused on asset management, transactions, and development activities.

• BSBA with a focus in Real Estate from the University of Central Florida
• LEED Green Associate

As a real estate asset management team member, Ryan P. Gerrety oversees the operation of a portfolio of properties, primarily located in the East region. He is responsible for managing capital expenditures, maximizing potential for lease renewal, maintaining physical integrity of the properties by oversight of property management teams, and staying informed of market trends in order to mitigate risk and pursue additional value.

Prior to joining Boyd Watterson in February 2020, Ryan was a Real Estate Manager with CBRE where he managed all aspects of various assets in Washington D.C. and Virginia, including day-to-day operations, annual budgeting, and capital project planning. Additionally, he worked as an Account Executive with CoStar Group in Washington D.C. where he was responsible for sales of the company’s suite of products.

• BA in Political Science from Elon University
• LEED Green Associate

As an Asset Manager, Eshaan Varma oversees a portfolio of real estate holdings and works to achieve return objectives within set risk parameters. He partners with property managers to ensure the efficiency of property operations and to maintain the physical integrity of the assets. Additionally, Eshaan collaborates with leasing brokers to attract tenants and builds relationships at the tenant level, maximizing potential for lease renewal.

Before joining Boyd Watterson in 2019, Eshaan worked at JPMorgan within the Tax Oriented Investments group, where he held various positions in analytics and asset management of affordable housing properties.

• MS in Accountancy from DePaul University’s Kellstadt Graduate School of Business
• BS in Finance from Loyola University Chicago
• LEED Green Associate

Julia S. Jacobsen is part of the real estate asset management team, responsible for the administration, operation, and financial oversight of a portfolio of properties, primarily located in North and South Carolina, Virginia, West Virginia and Georgia. Her focus is on maintaining asset performance while mitigating risk, accomplished by overseeing third-party vendors for property management, building and maintaining relationships with tenants and tenant agencies, and reviewing budgets, financial packages, and valuations.

Julia joined Boyd Watterson in November of 2020 after gaining experience at Spaulding & Slye Investments. She was a Senior Analyst in the company’s Acquisitions division before being promoted to an Assistant Vice President in the Asset Management division where she managed a portfolio consisting of office, retail, and multi-family product in Chicago, Philadelphia, and Atlanta.

• BA from Gettysburg College
• LEED Green Associate

Jeffrey W. Hurvitz is an Asset Strategist, leading the Real Estate Development team with a focus on ground-up development and value-add investments. The Development team is involved throughout each project, with oversight for sourcing, underwriting, partner selection and negotiation, leasing, closing, and construction of real estate assets across the country. Jeff also works closely with the Asset Management team to identify asset-level issues, develop mitigation strategies, and implement those strategies across the portfolio with responsibilities including the repositioning and/or disposition of owned assets.

Jeff formerly served as an Asset Manager with the firm, directing all daily operations, property management, new and renewal leasing, lease administration, capital expenditures, and reporting for a portfolio of assets totaling 3.4 million square feet valued at over $1.2 billion.

Prior to joining Boyd Watterson in April of 2019, Jeff was a Vice President at Jones Lang LaSalle (JLL) on the Government Investor Services brokerage team. Jeff also has experience as a Registered Representative with a national securities broker-dealer.

• MS in Real Estate with a concentration in Development from Georgetown University
• BS in Business Administration with a concentration in Finance from the College of Charleston
• ARGUS certification
• LEED Green Associate
• Licensed real estate salesperson in Washington D.C. and Maryland

As a Portfolio Strategist, Silas Campbell is responsible for developing effective real estate portfolio solutions based on high quality data, strong relationships, and prior leadership experience in private sector asset management and government.  Silas works closely with Boyd Watterson’s internal teams and external stakeholders to identify opportunities that align tenant needs with fund objectives, maximizing outcomes for all parties involved.

Silas originally joined Boyd Watterson in April of 2021 as an Asset Manager after being employed with the General Services Administration (GSA) for over a decade.  As an Asset Manager, he directed property management, new and renewal leasing, lease administration, capital expenditures, and reporting for a portfolio of assets totaling 2.4 million square feet.

While at the GSA, he served in various positions including Business Center Manager and Asset Manager for the Region 8 Portfolio Management Division, overseeing an 18 million square foot portfolio of federal and leased facilities. Silas also led multiple national portfolio initiatives to align tenant agency project needs with funding sources.

• MS in Real Estate and Construction Management from the University of Denver
• BS in Business Administration with a minor in Political Science from the University of Vermont
• LEED AP
• ARGUS certification

Brant T. Goodrich is a Portfolio Strategist focused on providing innovative solutions for optimizing Boyd Watterson’s alternative investment portfolios through analysis, portfolio modeling, deal structuring, sector and market allocations, and process improvements. Brant’s experience in analytics helps him to identify effective improvements to new and existing portfolios.

Brant joined Boyd Watterson in 2019 supporting the Real Estate Asset Management department where he eventually oversaw a portfolio of state and federal leased properties in southern Texas. He moved to the Real Estate Acquisitions department in 2022 where he assisted with sourcing, underwriting, and closing real estate assets anchored by various quasi-government tenants, and to a lesser extent, federal, state, and local government agencies. He created various models for robust deal and portfolio analysis by integrating traditional financial underwriting with Boyd’s suite of quantitative and fundamental research tools. These models helped drive fund and deal structuring and portfolio positioning. Prior to joining Boyd Watterson, he served as a Senior Performance Analyst and a member of the Impact Investing Committee at Marquette Associates.

• BA in Economics from Wheaton College
• CFA Charterholder
• Member of the CFA Society Chicago

Larry Murphy works with the Treasury team and focuses on executing all financing activities for the real estate funds and programs. He specializes in loan document review and serves as the point of contact for loan assumptions. Larry closed more than $300 million in acquisitions within his first two years with the firm. He also assists with strategic decisions regarding loan origination and refinancing activities across the funds, while aiding in the transition of the cash management activities to the Treasury team.

Larry joined Boyd Watterson in May of 2018, arriving at the firm with 24 years of experience within the fields of financial services and real estate. He was a Senior Analyst for Key Bank where he focused on loan origination and underwriting for Commercial Mortgage-Backed Securities (CMBS).

• BS from the University of Iowa

Mark E. Montgomery is a Construction Manager focused on establishing practical sustainability goals and metrics for the Boyd Watterson real estate portfolio, while overseeing capital cost management and control processes. Since joining the firm in July 2020, Mark has coordinated all construction-related activities, providing managerial oversight and technical expertise to major capital projects, energy and sustainability compliance, and ensuring all projects follow the responsible contractor policy.

Mark previously served as the Vice President for Project and Development Services for JLL, as well as the Director of Project Management for CBRE.

• AAS in Construction Management from Northern Virginia Community College
• Member of United States Green Building Council, National Capitol Region
• LEED Green Associates
• LEED Accredited Professional
• Advisory Board Member of Alfred Street Baptist Church Affordable Housing Committee
• Currently pursuing PMP certification from Project Management Institute

Steven Zhang is an Acquisition team member whose primary focus is providing analytic and strategic support to the Real Estate Acquisition team, specifically for federal government leased assets. He assists with sourcing and screening potential acquisitions, performing detailed financial analysis and reporting.

Prior to joining Boyd Watterson in December 2019, Steven held such positions as Associate Director at Fosun Property Holdings in real estate acquisition, as well as Assistant Vice President at Quantum Capital Partners in real estate capital markets.

• MA in Real Estate Development from the University of Southern California
• BA in Finance from Sun Yat-sen University
• CFA Charterholder

Keith S. Schuman is part of Boyd Watterson’s Acquisition team. His responsibilities include identifying and underwriting potential acquisitions, performing due diligence, and assisting in the closing process. Communication is a large part of Keith’s role as he discusses deals with outside brokers or sellers, coordinates site visits, and creates quantitative analysis and reporting.

Since joining the firm in December of 2017, Keith has worked on acquisitions for both the GSA focused and state and local government focused open-end real estate funds. Previously, he was a Due Diligence Analyst at Inland Real Estate where he worked on retail, multi-family, and medical office transactions.

• BBA with a double major in Finance and Real Estate from the University of Wisconsin-Madison
• CFA Charterholder
• Member of the CFA Society Chicago
• LEED Green Associate

Within the Acquisitions department, Nikola Tatic is focused on assisting the Real Estate team in acquiring quality assets that meet return expectations within the defined risk profile. He achieves this through his meticulous market and cash flow analysis and tenant research. Nikola plays a key role in managing the due diligence process for prospective acquisitions while remaining apprised of pipeline activity.

Prior to joining Boyd Watterson in January of 2017, Nikola interned with the Acquisitions teams at GEM Realty Capital and The HEARN Company.

• BA in Economics with a minor in Finance from Indiana University
• CFA Charterholder

Connor M. Sharples works on the Real Estate team focusing on acquisitions for Boyd’s open-ended REIT product. His responsibilities include deal analysis, underwriting, research, and closing to maximize risk-adjusted returns while acquiring high-quality real estate properties that fit the Fund’s investment strategy.

Connor joined the Boyd Watterson team in March of 2022 after serving as a Client Associate and Underwriter in the Real Estate Banking Group at J.P. Morgan.

• BA in Economics with a Minor in Business from Northwestern University

Colleen H. Quinn is an Asset Manager within Boyd’s real estate division. She manages a portfolio of real estate holdings, working to achieve return objectives and minimize risk. This entails working closely with property managers and tenant agencies to maintain the physical integrity of the property, developing and maintaining relationships with tenants to maximize potential for lease renewal, and mitigating economic risk by reviewing budgets, financial packages, and valuations.

Colleen began with Boyd Watterson as an Analyst in January of 2018 before being promoted to her current position. Prior, she served as a Client Analyst with Marquette Associates, an investment consulting firm, where she collaborated with lead consultants to provide day-to-day client support.

• MBA with a concentration in Finance from Loyola University of Chicago
• BS with a double major in Finance and Marketing from Marquette University
• LEED Green Associate

Joseph A. DiMartino is an Asset Manager responsible for managing a portfolio of real estate investments which includes properties located across Kansas, Oklahoma, Texas, Louisiana, and Alabama. His primary focus is on maximizing return and minimizing risk. He focuses on market research, financial analysis, review of historical finances, leases, capital expenditures, budget reviews, and valuation analysis. Joe maintains superior client service in order to build strong tenant and property management relationships.

Prior to joining the company in August of 2018, Joe was employed by Heitman, LLC where he spent time as an Acquisitions Associate, as well as a Portfolio Accountant.  

• BA in Business Economics with a minor in Computer Applications from State University of New York at Cortland
• LEED Green Associate

Brad S. Johnson serves as an Asset Manager for the Real Estate team in the Denver, CO, office. He is responsible for strategically managing a portfolio of assets to ensure maximum performance. To that end, Brad seeks to provide the highest level of service while establishing and maintaining strong relationships with tenants and tenant representatives. He ensures the physical integrity of each asset is maintained and maximizes the potential for lease renewal, while negotiating new leases. Brad specializes in understanding the needs for a variety of government tenants.

Prior to starting at Boyd Watterson in January of 2022, Brad was an Asset Management Associate at EverWest Real Estate Investors and also served as a Real Estate Analyst at Cadence Capital Partners.

• BA in Economics and Political Science from the University of Denver
• Planning Committee Board Member for Kids & Clays Tournament benefiting Ronald McDonald House of Southern Colorado
• LEED Green Associate

Cori L. Boone is an Asset Manager on the Real Estate team based out of the Denver office. She manages a portfolio of assets located primarily in the Northwest Region with an emphasis on minimizing risks, maximizing returns, and continually monitoring performance. She ensures the physical integrity of each asset is maintained and maximizes the potential for lease renewal while negotiating new leases. Cori is relationship-driven with a focus on strong communication to make sure tenants and tenant representatives receive the highest level of service.

Prior to joining Boyd Watterson in April of 2023, Cori was Director of Investment Services Team at Prologis where she facilitated acquisitions and dispositions in North America. Additionally, she worked at Transwestern as a Senior Analyst/Associate Broker.

• MBA from the University of Denver, Daniels College of Business with a focus in Real Estate Finance
• BSBA from University of Denver, Daniels College of Business with a major in Hospitality Management and a minor in Legal Studies and Business Ethics
• LEED Green Associate

Brittany M. Hughes is an Asset Manager on the Real Estate team based in the Chicago office. She is responsible for the administration, operation, and financial oversight of a portfolio of real estate properties located primarily within the central region. With a background in office leasing, Brittany works closely with brokers and property managers to attract tenants and build existing relationships to maximize potential for lease renewal and new tenancy.

Brittany began her career at Boyd Watterson in July of 2023, but her experience in the industry dates back to 2015. Her background includes serving as an Associate with Stream Realty Partners, as well as working as an Analyst at Cushman & Wakefield.

• BA with a major in Marketing and American Studies from Miami University
• Associate Board of Lurie Cancer Center
• LEED Green Associate

Dan J. Elzeer works closely with the Treasurer in the execution of all financing-related activities for current real estate funds and prospective vehicles. He is responsible for managing credit facilities with credit line and term loan components – both syndicated and direct private placement transactions and secured loans. In addition, Dan manages the derivatives portfolios across the real estate funds, including new executions. He plays a key role in the sourcing and closing of each real estate debt capital transaction and interest rate hedge.

Dan began with Boyd Watterson as an intern before joining the firm full-time in June 2019 within the fundamental research group. In his prior role, Dan focused on identifying opportunities and assessing risks related to state and local government real estate.

• BBA in Finance from Cleveland State University
• Graduate Certificate in Strategic Business Analytics from Cleveland State University
• CFA Charterholder

Tiffany Fischer is an Assistant Construction Manager on the company’s Real Estate team. She is responsible for the oversight of major capital projects within the region, including tracking budgets, scheduling, delivering monthly and quarterly reports, and completing onsite visits to review and document progress. Tiffany confirms all due diligence materials are assembled and completed within approved timelines. She works to ensure compliance with the Responsible Contractor policy, communicating with internal and external constituents. Furthermore, Tiffany collaborates with multiple teams, such as Acquisitions, Development, and FP&A, throughout all phases of a project.

Prior to joining Boyd Watterson in September of 2021, Tiffany served as an Assistant Project Manager with Paradigm Contractors, LLC, as well as a Project Engineer with Consigli Construction. Her experience in the field dates back to 2012.

• BS in Concrete and Construction Management with a minor in Business Administration from Middle Tennessee State University
• OSHA 30-Hour certification
• USACE CQC certification
• LEED Green Associate
• Mentor with ACE Mentor Program of Greater Washington Metropolitan Area

Matthew C. Sutter is an Acquisitions Analyst for Boyd Watterson’s Real Estate team focusing on a growing portfolio of properties. His responsibilities include maintaining an internal company database of acquisition pipeline activity, assisting in the due diligence process for prospective acquisitions, and coordinating property site visits for internal teams and third-party consultants. Additionally, Matt performs cash flow analysis of all prospective acquisitions.

Before joining Boyd Watterson in January of 2022, Matt worked as a Financial Analyst at Largo Capital where he was responsible for underwriting, financial analysis, market research, and the closing of commercial real estate loan originations throughout North America.

• BS in Finance from Georgetown University

Cynthia L. Palmer is an Administrative Assistant for the Boyd Watterson Real Estate division, providing support to team members across the country. She is additionally responsible for maintenance of the Chicago office where her organizational skills, dependability, and high productivity ensure efficient operation.

Cynthia joined the Boyd Watterson team in May of 2015 after serving a combined 15 years as an Investor Relations Specialist and Internal Wholesaler at a boutique Real Estate Investment firm, in addition to being a Receptionist and Accounts Payable Assistant at FPL Advisory Group.