Investment Committee

Robert E. Larson - Founder and Co-Chief Executive Officer

Mr. Larson serves as Co-Chief Executive Officer of Acacia. In addition to guiding Acacia’s strategic direction and providing general management and leadership, Mr. Larson serves as a member of Acacia’s internal investment committee. Mr. Larson’s background includes BA and MBA degrees from Stanford University, as well as investment banking experience with Morgan Stanley & Co. in New York City. He has been actively involved as a principal in real estate development, financing, asset management and work-out transactions for over three decades.

Robert G. Leupold - Co-Chief Executive Officer

Mr. Leupold joined Acacia in 1994 and serves as Co-Chief Executive Officer. Mr. Leupold is responsible for managing the day-to-day operations of Acacia and serves as a member of Acacia’s internal investment committee. Mr. Leupold has extensive experience in the acquisition, financing, management and disposition of both residential and commercial property. Prior to joining Acacia, Mr. Leupold headed the Asset Sales Group of Union Bank where he was responsible for portfolio sales of non-performing investments and real estate owned (REO). Mr. Leupold also held management positions in Union Bank’s Special Assets Division and Real Estate Lending Group. He received a BA degree from the University of California at San Diego.

F. Wesley Clelland III - Founder and President

Mr. Clelland serves as President of Acacia. He is also a member of Acacia’s internal investment committee. Mr. Clelland’s background includes BA and MBA degrees from Stanford University, as well as corporate finance experience with Morgan Stanley & Co. in New York City. Before joining Acacia, Mr. Clelland was the president of a real estate investment firm and a founder of SunVen Partners, an Arizona-based venture capital fund. He has been actively involved as a principal in real estate development, financing, asset management and work-out transactions for over three decades.

Todd R. Darling - Chief Operating Officer

Mr. Darling joined Acacia in 2002 and serves as Chief Operating Officer with management responsibilities in its Income Property Division. He is also a member of Acacia’s internal investment committee. He has extensive experience in the acquisition, financing, and disposition of income property throughout the western United States. Prior to joining Acacia, he was responsible for the western region acquisition activity of Lend Lease, a large pension fund advisor. Mr. Darling also oversaw dispositions and financing activity for AEW Capital Management and was a bank analyst for the Federal Reserve Bank of New York. He holds an AB degree in economics from Princeton University and is a Chartered Financial Analyst.

Richard J. Malouf - Advisory Director

Mr. Malouf, who was an employee of Acacia for 15 years, now serves as an Advisory Director and a member of Acacia’s internal investment committee. Prior to joining Acacia, Mr. Malouf was a co-owner of Malouf Brothers Homes, a homebuilding company located in Phoenix. Mr. Malouf managed all aspects of residential and commercial development of Malouf Brothers Homes for 20 years and expanded Malouf Brothers Homes to a staff of 80 people. He holds an Arizona General Contractor License and received a BS degree from Arizona State University.

Acquisitions/Capital Markets

W. Graham Davidson - Senior Vice President

Mr. Davidson joined Acacia in 2007 and serves as Senior Vice President with responsibility for acquiring multifamily assets in the Income Property Division. Prior to joining Acacia, Mr. Davidson worked on the acquisition and disposition of Northern California multifamily properties for Pacific Property Company, a privately held multifamily investment company. He received his BA in Economics from Williams College and his Masters from Trinity College.

wgdavidson@acacia-capital.com

Amanda H. Lindberg - Senior Vice President

Ms. Lindberg joined Acacia in 1998 and serves as Senior Vice President with responsibility for acquiring multifamily property. While at Acacia, she has been actively involved in asset management, acquisitions, and dispositions. Prior to joining Acacia, Ms. Lindberg worked as a project manager for Cresleigh Homes in San Francisco. She received her BA from the University of California at San Diego.​

ahlindberg@acacia-capital.com

Katie Clarke - Assistant Vice President

Ms. Clarke joined Acacia in 2010 and serves as Assistant Vice President within the Income Property Division. Prior to joining Acacia, Ms. Clarke worked at McDowell Properties, a national real estate investment company specializing in the acquisition of multifamily property. She received her BA from the University of Arizona.

Andrew R. Grubbs - Assistant Vice President

Mr. Grubbs joined Acacia in 2012 and serves as Assistant Vice President within the Income Property Division. Prior to joining Acacia, Mr. Grubbs worked at GE Capital Real Estate, an international commercial real estate investment company. He received his BS in Economics from Penn State University.

Asset Management/Construction Management

Janet B. Bray - Executive Vice President

Ms. Bray joined Acacia in 2002 and serves as Executive Vice President with responsibility for overseeing multifamily asset management and construction management. Ms. Bray has been actively involved in the management of apartment properties for over 25 years. Prior to joining Acacia, she was employed by Archstone-Smith, a large apartment REIT, as a Vice President responsible for the management of over 5,000 apartment units located in Northern California. She has significant experience with major renovations and value added property repositioning. She is a certified property manager and holds a California Real Estate Broker’s License.

George P. Dobbel - Senior Vice President

Mr. Dobbel joined Acacia in 2006 and serves as Senior Vice President of Asset Management with responsibility for overseeing the operations of multifamily assets. Mr. Dobbel has been actively involved in the management of multifamily real estate for over 30 years. Prior to joining Acacia, Mr. Dobbel held positions in asset management for both public and private multifamily investment firms including Pacific Property Company and Essex Property Trust. Mr. Dobbel holds a BA in Economics from San Jose State University. Mr. Dobbel served as Chairman of the Board of the California Apartment Association, Tri-County Division in 2008 and currently sits on the Executive Committee for the California Apartment Association Board of Directors.

Stephen A. McLaughlin - Senior Vice President

Mr. McLaughlin joined Acacia in 2005 and serves as Senior Vice President with primary responsibility for underwriting all site development and entitlement issues for Acacia‘s Housing Division. Mr. McLaughlin has held senior management positions with both public and private homebuilding and land development companies, including one of the nation’s largest builders, MDC Homes. His experience includes positions as V.P. of Land Acquisitions and General Counsel. He has been actively involved in the homebuilding/land development business for over 20 years. Mr. McLaughlin is a licensed attorney, holds a JD in law and a Masters degree in City Planning.

Brandon E. Behringer - Vice President of Construction Management

Mr. Behringer joined Acacia in 2014 and serves as Vice President of Construction Management with responsibility for overseeing Capital Expenditures and Renovations for the multifamily assets. Mr. Behringer has been actively involved with maintaining assets, capital improvements and renovations for over 25 years. Prior to joining Acacia, he was employed by BRE Properties overseeing Capital Improvements for the Northern Division of the company as well as oversaw Facilities Management activities in the Denver Market. Prior to working for BRE Properties Mr. Behringer worked extensively for Archstone Communities, Essex Properties Trust, and Western National Property Management.

Katie Wilson - Vice President of Asset Management

Ms. Wilson Joined Acacia in 2017 and serves as Vice President of Asset Management with responsibility for overseeing the operations of multifamily assets. Ms. Wilson has been actively involved in real estate operations for over 10 years. Prior to joining Acacia, Ms. Wilson held asset management positions at Hamilton Zanze and Shorenstein Reality Services. She has served on the board of the Beldon Club and is a member of NAIOP and ULI. Ms. Wilson received her BA from the University of California at San Diego.

Janet M. Sunga - Assistant Asset Manager

Ms. Sunga joined Acacia in 2006 and serves as Assistant Asset Manager within the Income Property Division. While at Acacia, she held responsibility for office management and administrative support. She has over 19 years of experience in technology and office management.

Ron L. Alvarado - Asset Management Analyst

Mr. Alvarado joined Acacia in 2013 and serves as the Asset Management Analyst within the Income Property Division. Prior to joining Acacia, Mr. Alvarado worked at Moran & Company, a boutique brokerage firm specializing in institutional quality apartment sales, and CalPERS. He received his BS in Finance from Santa Clara University.

Greg Rice - Project Manager

Mr. Rice joined Acacia in 2016 and serves as project manager for capital construction projects. He has been involved in construction, real estate and financial services for over 15 years.  Prior to joining Acacia, he has managed projects for multifamily, residential and commercial properties.  Mr. Rice received a BS in Accounting and business management from Tulane University. 

Accounting/Investor Relations

Gloria J. Jarab - CPA, Executive Vice President and Controller

Ms. Jarab joined Acacia in 2004 and serves as Executive Vice President and Controller with responsibility for managing Acacia’s accounting staff and all internal accounting and control functions. She has over 32 years of experience in accounting and finance in the real estate industry. Prior to joining Acacia, Ms. Jarab was the controller for a privately held construction company based in Phoenix. She earned her BS in Business Administration with an accounting emphasis from the University of Phoenix and is a certified public accountant.

Linda K. MacConnel - Accountant

Ms. MacConnel joined Acacia in 2004 and serves as Accountant for Acacia’s Housing and Income Property investment platforms. Prior to joining Acacia, Ms. MacConnel held various positions in commercial property management. She earned her BS in Accounting from the University of Phoenix.

Carolyn F. House - Senior Associate - Investor Relations

Ms. House joined Acacia in 1993 and serves as Senior Associate. Her primary duties include investor relations, human resources administration and entity compliance management.

Veronica Castaneda - Office Manager and Executive Assistant

Ms. Castaneda joined Acacia in 2016 and serves as Office Manager and Executive Assistant. Prior to joining Acacia, she held various administrative and office management positions. Her primary duties are office management, IT support, and administrative support to our staff.

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