The following members make up the Preferred Apartment Communities, Inc. Board of Directors. Please select an individual member below to learn more about them and the committees they contribute to.
Daniel M. DuPree
Daniel M. DuPree has served as Chairman of the Board and Chief Executive Officer since April 2018. Previously, he served as Vice Chairman of the Board since August 2012 and as Chief Investment Officer since January 2014. Mr. DuPree has over 45 years of commercial real estate experience in development, leasing and property management. From March 2009 until February 2012, he served as Chief Executive Officer for The Reynolds Cos., a real estate development company in Atlanta, Georgia. From 1992 to March 2009, Mr. DuPree was President and Chief Operating Officer for Cousins Properties Incorporated (NYSE: CUZ). From 1982 to 1992, he served as Chief Executive Officer of New Market Development Company, a shopping center management and development company which he founded in 1982. From 1976 to 1982, Mr. DuPree served as an Executive Vice President for Post Properties, Inc. (NYSE: PPS) where he was responsible for shopping center management, leasing and development. From 1974 to 1976, Mr. Dupree was a commercial real estate broker for Coldwell Banker and Company.
Mr. DuPree currently serves as a board member of the University of Florida-College of Business Administration, Cornerstone Bank and is a current member and former Board Chair of the Executive Committee of Midtown Alliance. He is also a member emeritus of the Board of Trustees for the Lovett School as well as the Board of Directors of Breakthrough Atlanta, a nationwide supplemental education program for inner city children. Mr. DuPree has served as an advisory board member of the Wake Forest University Calloway School of Business and on the Emory University Board of Visitors. He has also served as Capital Campaign Chair of the Atlanta Community Food Bank. and Transportation Committee Chair for the Metropolitan Atlanta Chamber of Commerce.Mr. DuPree received his Bachelor of Science Business Administration degree from the University of Florida.
Leonard A. Silverstein
Leonard A. Silverstein is a co-founder of Preferred Apartment Communities, Inc. He has served as a member of the Board of Directors since the Company's formation in 2009 and as Vice Chairman of the Board from formation until January 2014 and again from April 2018 to the present. Mr. Silverstein continues to serve as President and Chief Operating Officer of the Company, positions he has held since August 2012. Prior to that time, he served as Executive Vice President, General Counsel and Secretary of the Company. Mr. Silverstein has also served as President of Williams Realty Advisors, LLC from 2012 to 2017, and as General Counsel of Williams Realty Advisors, LLC and Chief Operating Officer of Corporate Holdings, LLC from 2004 to 2017. From August 1994 to 2004, Mr. Silverstein was a partner at the law firm of McKenna, Long & Aldridge LLP. From January 1991 to August 1994, Mr. Silverstein was a partner at the law firm of Powell, Goldstein, Frazer & Murphy LLP, where he began his legal practice in 1983. Mr. Silverstein's practice focused on securities and corporate finance law, corporate governance and mergers and acquisitions, advising both publicly-held and privately-held clients in a variety of industries, including real estate.
Mr. Silverstein currently serves on the Board of Trustees of the American Jewish Committee, Southeast Region, where he previously served as President and a member of the Executive Committee. He has served on the Boards of Directors or Trustees of numerous other business and civic organizations, including the American-Israel Chamber of Commerce — Southeast Region, Atlanta Symphony Associates, Business Practice Section of the Atlanta Bar Association, Jewish Federation of Greater Atlanta, Vanderbilt University National Alumni Association, and Zoo Atlanta. He formerly served as Vice Chairman of the Securities Law Subcommittee of the State Bar of Georgia and the Advisory Board of Mayer Electric Supply Co., Inc., a regional electrical equipment and supply wholesale-distributor, headquartered in Birmingham, Alabama. Mr. Silverstein received his law degree from Vanderbilt University School of Law where he served on the editorial staff of the Vanderbilt Law Review, and his BA from Vanderbilt University, where he graduated magna cum laude.
Joel T. Murphy joined our Board of Directors on May 2, 2019. He has served as Chief Executive Officer of New Market Properties, LLC, a wholly-owned subsidiary of PAC’s operating partnership, since September 1, 2014. In addition, Mr. Murphy currently serves as the chairperson of the Manager's Investment Committee and previously served as a member of our Board from September 1, 2014 to May 7, 2015. Mr. Murphy has over 30 years of experience as an executive officer, principal and advisor in retail and multifamily projects, portfolios and investments. From January 2009 to present, Mr. Murphy served as Chief Executive Officer of Murphy Capital and Advisory Group LLC; from May 2010 to present, as Managing Partner of Paces Andrews Associates; from January 2011 to December 2013, as Principal of Iron Tree Capital LLC; and from August 2012 to July 2014, as Chief Executive Officer of Iron Tree Retail LLC. From 1992 to 1995, Mr. Murphy served as the Director of Development of Cousins Properties (NYSE: CUZ) and from 1995 to 2008, he served as President of the Retail Division of Cousins Properties (NYSE: CUZ), as well as a member of its investment committee. From 1988 to 1992, he was a Partner at New Market Development Company, Ltd., a shopping center management and development company, which owned and managed retail properties primarily in the Mid-Atlantic and Southeast regions and Texas.
Mr. Murphy currently serves on the Board of Directors of The Orvis Company and the Advisory Board of Note South Partners LLC. Joel also serves as a Trustee of the International Council of Shopping Centers (ICSC) and as an Executive Committee member and Vice President of ICSC’s Southern Region. He is also a member of the Urban Land Institute (ULI), a member of the Board of Visitors of the University of North Carolina at Chapel Hill, and a past member of Young Presidents Organization (YPO). Joel received his J.D. from the University of Georgia School of Law where he was a member of the Law Review, and he received his B.A. in Economics from the University of North Carolina at Chapel Hill.
Steve Bartkowski is one of our independent directors. After graduation from high school, which included numerous personal honors in football, basketball and baseball, he chose from over 100 scholarship offers to attend the University of California at Berkeley. He was an All American in both baseball and football at the University of California at Berkeley. In 1975, he was the first pick in the NFL draft, selected by the Atlanta Falcons, serving as their starting quarterback for the following 11 seasons. Mr. Bartkowski was the NFL's rookie of the year in 1975, the NFL's highest rated quarterback for three years, and earned All-Pro honors for his efforts in 1980 and 1981. He was the most valuable player in the NFC in 1980. Mr. Bartkowski led the Falcons to their first play-off game in 1978 and again in 1980 and 1982. Mr. Bartkowski played his last season in the NFL for the Los Angeles Rams and retired from professional football in 1987.
Following retirement from professional football, Mr. Bartkowski produced and hosted the popular TNN outdoor television series, Backroad Adventures with Steve Bartkowski from 1994 to 1996. He was also the host of a top rated outdoor television series, Suzuki's Great Outdoors with Steve Bartkowski, on ESPN from 1990-1993.
Since 2000, Mr. Bartkowski has worked in business development for DPR Construction, a global commercial contractor and construction management company. He is a well known motivational speaker on personal success and excellence, giving speeches throughout the U.S.
Mr. Bartkowski serves on the Boards of Directors of several charitable organizations, participating in numerous charitable fundraisers throughout the year and previously served as a member of the Board of Advisors for the Atlanta Falcons. Mr. Bartkowski was inducted into the Atlanta Falcon's Ring of Honor and his jersey number "10" has been retired. He is a member of the Georgia Sports Hall of Fame, the Atlanta Sports Hall of Fame, the College Football Hall of Fame and the University of California Sports Hall of Fame.
Gary B. Coursey
Gary B. Coursey is one of our independent directors. Mr. Coursey has over 47 years of experience in the architectural profession and has managed the completion of thousands of projects representing over $3 billion in construction costs. He founded Gary B. Coursey & Associates Architects, Inc. in 1971 and has built an innovative architectural practice focused on the highest level of creativity and design and is a LEED certified firm. Mr. Coursey has overseen the design of over 300,000 units of multi-family housing, personal care facilities, athletic facilities, office buildings, industrial buildings, financial institutions, medical facilities, military facilities, restaurants, shopping centers and churches. Mr. Coursey has experience throughout the U.S., as well as internationally.
Mr. Coursey is a registered professional architect in the states of Georgia, Alabama, California, Connecticut, Florida, North Carolina, Ohio, South Carolina, Tennessee, Texas and Virginia. He is currently a member of the American Institute of Architects and is Past Vice President, Secretary and Treasurer of the American Institute of Architects, Georgia Association. Mr. Coursey is a member of the Atlanta Apartment Association and the Advisory Board for the Southern Polytechnic State University School of Architecture. Mr. Coursey also serves on the Boards of the Ronald McDonald Houses of Atlanta and the Boys & Girls Clubs of Metro Atlanta. Mr. Coursey received his Bachelor of Science in Architecture from the Georgia Institute of Technology and his Associate of Science in Building Construction from Southern Polytechnic State University.
Sara J. Finley
Sara J. Finley is one of our independent directors. Ms. Finley is the principal of Threshold Corporate Consulting, LLC, a consulting services firm that she founded in 2015. From 2009 to 2011, Ms. Finley served as senior vice president and general counsel of CVS Health Corporation, formerly known as CVS Caremark Corporation (including its predecessor companies, "CVS Caremark"), a publicly traded pharmacy services company (NYSE: CVS). From 2007 to 2009, Ms. Finley served as senior vice president and general counsel of the pharmacy benefits management division of CVS Caremark, and from 2011 until her retirement from the company in 2015, Ms. Finley served as a senior legal advisor for CVS Caremark. From 1998 to 2007, Ms. Finley served as senior vice president, assistant general counsel and corporate secretary of Caremark Rx, Inc., a publicly traded company and a predecessor of CVS Caremark. Previously, she was a partner at the law firm Kutak Rock in Atlanta, Georgia.
Ms. Finley graduated from the University of Alabama and received her law degree from Vanderbilt University. She currently serves on the board of directors of Tivity Health, Inc., a publicly traded provider of fitness and health improvement programs based in Franklin, Tennessee (NASDAQ: TVTY), Studio Bank, a state-chartered community bank based in Nashville, Tennessee and Oak Paper Products Company, Inc., a privately-held paper products, packaging and janitorial supply company based in Los Angeles, California. She has also served on several Nashville non-profit boards, including Alive Hospice, The Center for Nonprofit Management, The Land Trust for Tennessee and The Vanderbilt Law School Board of Advisors.
William J. "Johnny" Gresham, Jr.
William J. "Johnny" Gresham, Jr. is one of our independent directors. He has been involved in commercial real estate in the Atlanta area since 1966, having over 40 years of experience in commercial real estate and office leasing and management. Mr. Gresham currently serves as a consultant for Gresham Real Estate Advisors, Inc., a real estate consulting company, which he founded in 1998. From 1984 to 1990, he served as President and Chief Executive Officer of City Group, Inc., an Atlanta area real estate development company. From 1980 to 1984, Mr. Gresham was Managing Partner of the Atlanta office of Lincoln Property Company, a national real estate developer. Prior to 1980, Mr. Gresham served as President of Gresham Realty Company, an office leasing and management company, which he founded in October 1969.
From 1987 to 1990, Mr. Gresham served as a member of the Georgia House of Representatives and, from 1990 to 2007, on the Board of the Georgia Department of Transportation where he served as Chairman of the Board for two separate terms. He currently serves on the Boards of Directors for Bank of North Georgia, the Cobb Galleria Authority and the Georgia Sports Hall of Fame, and has served on the Board of Directors of Healthdyne, Inc., as well as Georgia Tech Advisory Board and Georgia Tech Industrial Management Board. Mr. Gresham has also served in leadership positions for numerous other civic organizations. Mr. Gresham received his bachelor's degree in industrial management from Georgia Tech.
Howard A. McLure
(Lead Independent Director)
Howard A. McLure has served as our lead independent director since January 2014. From September 2012 until its sale to a third party in November 2014, Mr. McLure served as Executive Chairman of the Board of Change Healthcare Corporation, a provider of healthcare cost transparency services to self-insured employers who sponsor high deductible health care benefit plans(Lead Independent Director). From May 2011 until September 2012, Mr. McLure served as Chairman and Chief Executive Officer of Change Healthcare Corporation. From March 2007 until November 2009, he served as Executive Vice President of CVS Caremark Corporation (NYSE: CVS) and President of Caremark Pharmacy Services, a division of CVS Caremark Corporation, where he was responsible for all sales and operations of the division. From June 2005 until March 2007, Mr. McLure served as Senior Executive Vice President and Chief Operating Officer of Caremark RX, Inc., listed on the New York Stock Exchange prior to the closing of the CVS Corp. - Caremark RX Inc. merger in March 2007. From May 2000 to June 2005, Mr. McLure served as Executive Vice President and Chief Financial Officer of Caremark RX, Inc. From June 1998 to May 2000, Mr. McLure served as Senior Vice President and Chief Accounting Officer of Caremark RX, Inc. From 1995 to 1998, Mr. McLure was Senior Vice President and Controller of Magellan Health Services, Inc. (NASDAQ: MGLN), a specialty managed healthcare company. Mr. McLure received his Bachelor's of Business Administration in Accounting from the University of Georgia in 1979. Mr. McLure formerly was licensed as a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
Timothy A. Peterson
Timothy A. Peterson is one of our independent directors. Since September 2003, Mr. Peterson has served as the Chief Financial Officer and member of the Investment Committee of Altman Development Corporation where his primary responsibilities have been overseeing capital markets activities, financial reporting, strategic planning and budgeting. Mr. Peterson was Chief Financial Officer for Keystone Property Trust (NYSE: KTR) from 1998 to 2002, becoming Executive Vice President in 2002 to 2003. From 1989 to 1998, Mr. Peterson served in a variety of roles for Post Properties, Inc. (NYSE: PPS), including Executive Vice President. Working very closely with the president of Post Properties, Mr. Peterson was responsible for the day-to-day coordination with the accountants, attorneys and investment bankers involved in completing Post Properties' Initial Public Offering in July 1993.
Mr. Peterson has been a frequent speaker on REITS and real estate development. He is a past member of the National Association of Real Estate Investment Trusts (NAREIT) where he served as a Co-Chairman of its Accounting Committee, and a member of the Best Financial Practices Task Force. He is a member of the Advisory Board for the University of Florida Center for Real Estate Studies and has served as Treasurer and member of the Executive Committee, and a Director and past Treasurer of The Please Touch Museum (the Philadelphia children's museum). Mr. Peterson received his undergraduate degree in Accounting from the University of Florida in 1985 and his MBA in Finance from the University of Florida in 1987. He formerly was licensed as a Certified Public Accountant and is currently a member of the American Institute of Certified Public Accountants.
John M. Wiens
John M. Wiens is one of our independent directors. Since 2011, Mr. Wiens has been Vice President and Portfolio Manager and a member of the investment committee for Stadion Money Management, a privately owned money management firm based near Athens, Georgia founded in 1993. His primary responsibilities at Stadion Money Management include research, strategy and risk assessment for existing investments as well as developing new investment products. From 2010 to 2011, Mr. Wiens was a Vice President for J.P. Morgan Private Bank; from 2007 to 2010, was Vice President - Investment Management Division for Barclays Wealth-Lehman Brothers; and from 1996 to 2007, was First Vice President - Institutional Director for Merrill Lynch, where he was responsible for institutional investments in debt, derivative and equity products in the southeast. Prior to that, he held various positions in institutional investment asset management and has extensive experience in trading and portfolio management and construction. Mr. Wiens currently holds FINRA series 3, 5, 7, 9, 10, 63 and 65 licenses. He is a member of the CFA Institute and holds the Chartered Financial Analysts and Chartered Market Technician designations. Mr. Wiens received his undergraduate degree in Communications from the University of Alabama in 1977 and his MBA in Finance from the University of Alabama in 1978.
Mr. Wiens is active in various local charities including the Food Allergy and Anaphylaxis Network, Habitat for Humanity and was a former board member of the Georgia Leukemia and Lymphoma Society.