Leadership

Paul H. Sheehy
President

Mr. Sheehy joined the Company in 1992, and was integrally involved with the company's early initiative of reinvesting the proceeds from the sale of timberland through 1031 exchanges into income producing real estate. Mr. Sheehy was involved in underwriting, valuation, and acquisition of commercial real estate through the early 1990's. From the mid-1990's, he was also responsible for the asset management and ultimate disposition of a diversified portfolio of approximately 900,000 square feet of retail, suburban office and flex office properties. Since the late 1990's, Mr. Sheehy has been primarily responsible for acquisitions, dispositions and asset management of the company's portfolio of garden apartment communities. He is currently responsible for all aspects of a portfolio of approximately 4,700 apartment units in eight southeastern states. He also manages the company's involvement in joint venture apartment development investments which currently include garden apartments and independent seniors apartments.

Prior to his work with the Company, Mr. Sheehy held several positions in the real estate group at NationsBank (and predecessor entities) in Richmond, Virginia. He spent five years in the Real Estate Finance Division where he focused on commercial construction lending, valuation exercises and, ultimately, special asset recovery. Mr. Sheehy has a B.A. in History and German Language from the University of Virginia.

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