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.
John A. Williams
John A. Williams is a co-founder of Preferred Apartment Communities, Inc. and has served as the Chief Executive Officer and Chairman of the Board of Directors of the Company since its formation in 2009. He also served as President of the Company from formation until August 2012. Mr. Williams was born and educated in Atlanta. Following graduation from the city's public school system, he entered the Georgia Institute of Technology where he earned a BS in Industrial Management. Mr. Williams has directed and coordinated the development, construction, and management of real estate developments since 1966. Over the course of his career, he has directed and coordinated the development, construction, and management of more than $9 billion in real estate developments. Approximately $5.5 billion of this activity has focused on multifamily housing, with the balance in other property types including hotels, condominiums and offices. Mr. Williams founded Post Properties, Inc. in 1970. He took Post Properties, Inc. public as a REIT in 1993. When he resigned as Chairman of Post Properties in 2003, the company had over 30,000 apartment units and had averaged Funds from Operation (FFO) growth of 7% per year commencing with the initial public offering. Mr. Williams is currently Chief Executive Officer of Williams Realty Advisors, LLC and has held this position since February 2005.
Mr. Williams has been a national leader in the urban development concept. He is widely credited with coining the phrases "Smart Growth" and "Live, Work, Play." His urban mixed-use projects have won numerous local and national awards. He was also an early pioneer in green development having advocated for recycling in apartment communities, superior insulation, energy efficient appliances, and environmentally conscious building materials. His early efforts and vision led to many of the LEED standards that are used today.
Among the 50 awards, honors and medals Mr. Williams has received over his 42 years of success in the industry include being named "Entrepreneur of The Year," by both Stanford Business School and Ernst & Young in 1990 and 1988 respectively. He has been given The Wall Street Transcript "CEO Award for Commercial Real Estate," in 1995 along with being named "CEO of The Year," by Financial World, in 1996.
Mr. Williams was listed on National Real Estate Investor's list of "The 20th Century's Most Influential Developers," along with Atlanta Business Chronicle's award for "Atlanta Residential Developer of The Decade," for the 1990's; followed by, Harvard Business School extending its "Community Leadership Award" to Mr. Williams in 2000. He has received numerous honors and awards from Cobb County, Georgia including, "The Mack Henderson Public Service Award," in 2005. Mr. Williams was recently inducted into the Multi-Housing News Hall of Fame: First Class in 2004, and given, The Four Pillar Award in 2007 by The Council for Quality Growth. John A. Williams is and has always been very active in varied philanthropic activities, outreaches, and organizations in Georgia and around the World. In the spring of 2008, Mr. Williams was inducted into the Georgia State University J. Mack Robinson College of Business Hall of Fame as well as the Georgia Institute of Technology College of Management Hall of Fame.
Mr. Williams is currently serving on the Board of Directors of the Atlanta Falcons of which he is also a minority owner. He has previously served on the boards of Riverside Bancshares, Inc., where he was the largest stockholder, the Georgia Regional Transportation Authority, the Atlanta Regional Commission, Atlanta Convention & Visitors Bureau, Post Secondary/Vocational Education, the Executive Committee of the National Apartment Association. Mr. Williams has also served on the Board of Directors of NationsBank and Barnett Banks, Inc, Crawford & Company, Post Properties, Inc. and Rentech, Inc. (NASDAQ: RTK). He is the Founder and past Chairman of the Cumberland Community Improvement District. He served as president of the Homebuilders Association of Metropolitan Atlanta, Chairman of the Metro Atlanta Chamber of Commerce, Chairman of the Metro Business Forum, Chairman of the Regional Business Coalition, Chairman of the Cobb-Marietta Coliseum and Exhibit Hall Authority, and Chairman of the Cobb County Chamber of Commerce, serving two terms. While serving as the initial Chairman of the Cobb-Marietta Coliseum and Exhibit Hall Authority, Mr. Williams was responsible for leading the effort to build the $200,000,000 Exhibition Meeting Venue and Ballroom complex. The large ballroom, one of the largest in the south, was named "The John A. Williams Ballroom." These facilities were completed in 1995. He also led the effort to build the state-of-the-art Cobb Energy Performing Arts Centre which cost $150,000,000. The 2800 seat main theatre is named "The John A. Williams Theatre."
Leonard A. Silverstein
Leonard A. Silverstein is a co-founder of Preferred Apartment Communities, Inc. He has served as President and Chief Operating Officer of the Company since August, 2012 and continues to serve as a member of the Board of Directors. Prior to that time, he served as Executive Vice President, General Counsel, Secretary and Vice Chairman of the Board of Directors of the Company since its formation in 2009. Mr. Silverstein has also served as President of Williams Realty Advisors, LLC since January 1, 2012 and as General Counsel of Williams Realty Advisors, LLC and Chief Operating Officer of Corporate Holdings, LLC since 2004. 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 and Executive Committee of the American Jewish Committee, Atlanta Chapter, where he previously served as President. 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.
Daniel M. DuPree
Daniel M. DuPree has 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.
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.
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.