Mr. McCann retired as Chairman of the Board and Chief Executive Officer of United Dominion Realty Trust, Inc., in March 2001. Mr. McCann headed United Dominion, a NYSE-listed REIT located in Richmond, Virginia, as CEO for 27 years. As CEO, he oversaw United Dominion's growth from $3 million in real estate investments in Virginia and three employees to more than $4 billion of apartments nationally and 2,500 employees at the time of his retirement. The company is often cited as the prototype for the modern real estate investment trust, a national, property-specific operating company with the investment capability to acquire and renovate and develop.
Mr. McCann was a long time member of the Board of Directors of the National Multi-Housing Council, a trade association of large apartment owners, and chaired its Legislative and Tax Committee. He is also a member of the Urban Land Institute. Mr. McCann was on the Board of Directors of Storage USA until its merger with Security Capital Group in 2002. He currently serves as Chairman of the Board of Commissioners of the Virginia Housing Development Authority, the Virginia state housing finance agency.
Mr. Akin joined McCann Realty Partners in August 2012 as its President. Matt has over 23 years of multi-family real estate experience. His wide-ranging experience includes acquisitions/dispositions, joint ventures, development, asset management, redevelopment, as well as finance and accounting. Matt came to MRP from UDR, Inc (formerly called United Dominion Realty Trust). Matt led the Acquisitions and Dispositions Department at UDR, and has led transactions of almost $8 billion in more than 40 markets across the country. Matt helped lead the growth of UDR from a total capitalization of $4 billion to $10 billion. Among his highlights at UDR include the forming and management of a Joint Venture with Kuwait Finance House and the acquisition of the GP interest in the more than $2 billion Hanover portfolio with Met Life.
Mr. Akin has a BBA in Finance from the University of Oklahoma and an MBA from the University of Texas, at Dallas. He has also completed executive education at Columbia University in New York City and is a member of the Urban Land Institute and the National Multi-Housing Council.
As Chief Financial Officer, Mr. Wallace focuses on all aspects of MRP’s activities in the capital markets related to MRP’s development, acquisition and disposition of over 9000 apartment homes in transactions valued at more than $1.6 billion. Prior to co-founding MRP in 2004, Mr. Wallace worked with John McCann, Brand Inlow and Matt Akin at UDR, Inc., a publicly-traded REIT, as corporate counsel and assistant secretary. While at UDR, Mr. Wallace managed general corporate matters for over 150 affiliated entities, negotiated and executed numerous real estate acquisitions and dispositions and provided legal support on over $1 billion in real estate financing transactions. From 1994 to 1998, Mr. Wallace practiced corporate, securities, and merger and acquisition law as an associate in the corporate section at McGuire Woods in Richmond, Virginia.
Mr. Wallace has a BA in History and a law degree from the University of Virginia.
After spending more than 30 years in the multi-family real estate business, Mr. Inlow retired from MRP on December 31, 2014. Prior to co-founding MRP in 2004, Mr. Inlow worked with the other founding members, John McCann and Fleet Wallace, at UDR, Inc., a publicly-traded REIT, as assistant vice president and senior acquisition analyst.
Mr. Phipps joined MRP in April 2007 in the role of Asset Manager. His responsibilities include directing and overseeing the management companies to maximize the investment potential on each specific asset.
Mr. Phipps has over 20 years of experience in the field of apartment management in a variety of positions. He served 5 years as the property manager for a large community owned by a national REIT and 3 years in Richmond, Virginia as a regional manager for a local management company. His background in property management includes new construction lease-ups, asset management, major property renovations and management of a portfolio of 14 properties ranging from Class A to Class C.
Mr. Phipps has a BS in Residential Property Management from Virginia Tech and attended the Pamplin MBA program.
Mr. Tre Banks joined McCann Realty Partners in September of 2014 as a Partner and Managing Director. Tre has over 15 years of multi-housing real estate experience and is responsible for overseeing MRP’s investments in major Texas markets with particular focus on acquisitions, dispositions and development programs.
Tre spent the previous 5 years in the multi-housing investment business as a broker with Holiday Fenoglio Fowler, (HFF), a large commercial real estate and capital markets services firm, and the prior 10 years with CB Richard Ellis. Since 2005, his experience includes participation in 323 transactions in Texas and throughout the United States with a total sales volume in excess of $8.4 billion in multi-housing properties.
Tre is an active member of National Multi Housing Council, the Houston Live Stock Show and Rodeo and St Francis Episcopal Church. Tre lives in Houston with his wife of 12 years, Carla, and has two boys, Harrison and Tillman. Tre has a BBA in marketing and an MBA in Business Administration from Sam Houston State University.
Mr. Upson joined McCann Realty Partners in June of 2013 and is located in our Richmond office. He is responsible for asset management as well as underwriting and due diligence for new investments.
Prior to joining MRP Mr. Upson was a Director of Asset Management for ONEX Real Estate Partners, helping to manage approximately 2,000 multifamily units located in New York City, Indiana, Illinois and Iowa. Prior to ONEX, Mr. Upson worked for Bank of America Merrill Lynch in their real estate investment banking group. At BofA Merrill he worked on over $4 billion in transactions of various types including equity and debt issuance and M&A. From 2005 through 2008 Mr. Upson worked for KBS Inc., a general contractor located in Richmond, Virginia. From 2003 through 2005 Mr. Upson worked for SCS Engineers, an environmental consulting firm.
Mr. Upson has a BS and MS in Civil Engineering from the University of Virginia and an MBA from the Kellogg School of Management.