WHO WE ARE

Founded in 2003, NOVO Properties is a multi-family owner, developer, asset and property management organization headquartered on Capitol Hill in Washington, DC. NOVO currently manages a portfolio of approximately 2,000 apartment units throughout Washington, DC, Chicago, Charleston and the city of Cambridge on Maryland’s Eastern Shore.

Our vision is to strategically acquire, develop and manage existing multi-family assets and infill development sites within core urban markets. We strive to be a best-in-class manager through the depth of our multi-family industry knowledge, our innovative approach, and by providing quality customer service ensuring all of our residents have the best living experience possible.

MEET THE TEAM


Bruce Hurd

Managing Partner

As a managing partner and founder of NOVO, Bruce is currently responsible for corporate strategy, corporate governance, risk management, finance, and accounting. Bruce started his professional career at Credit Suisse on Wall Street as an investment banker responsible for structuring, underwriting, and syndicating large industrial projects. These projects included power plants, gold mines, and paper mills.  Bruce then moved to GE Capital where he specialized in the structuring, underwriting and syndicating of international transactions. In 2000 Bruce joined Optiglobe Communications and focused on the financing and development of data centers in Central and South America.

Bruce earned a Bachelor’s degree in Mechanical Engineering from University of Vermont and a Master’s of Business Administration (Finance & Corporate Strategy) from the University of Michigan.


Brett Summers

Managing Partner

As a Managing Partner and NOVO founder, Brett is involved with corporate strategy, acquisitions activities, management services, and investor relations in the Washington, DC, Chicago, IL, Charleston, SC, and Cambridge, MD markets.

Brett has been active in the commercial real estate industry since 1985. He began his professional career as a broker with CBRE’s Washington, DC and Tysons Corner offices. In 1993, Brett was recruited by Faison to represent the real estate interests of corporate clients in Northern Virginia. Faison later merged with Trammell Crow Companies. After the merger, Brett continued to participate in commercial real estate brokerage activities but started to acquire and manage multifamily properties in Washington, DC. Brett left Trammell Crow in 2000 to form Anderson + Summers LLC. In 2003 Anderson + Summers LLC merged into NOVO Development Corporation, now known as NOVO Properties.

Brett is currently focused on NOVO’s investment activities on the Eastern Shore of Maryland in the historic town of Cambridge. NOVO is leading efforts to revitalize downtown Cambridge through the acquisition and restoration of five mixed use commercial buildings.

In addition to his real estate investment activities, Brett is the majority owner of the Cambridge Eateries Restaurant Group comprised of The High Spot Gastropub, Stoked Wood Fired Eatery, Rock Lobstah Lobster Bar, and Black Water Bakery. Brett earned a Bachelor’s degree in Economics and Public Policy Studies from Duke University in 1985.


Greg Selfridge

Managing Partner

As a Managing Partner of NOVO , Greg is currently responsible for corporate strategy, acquisitions, infill development, and marketing. Greg served on the DC Zoning Commission from 2008-2009, where he directed large-scale developments, including PUD’s, Campus Plans, and Master Planned developments throughout the District of Columbia. Having supervised the acquisition, rehabilitation, and management of over $100M in real estate assets, Greg also led NOVO’s recent ground- up development at 1600 Pennsylvania Avenue SE. This project was a 77,000 square foot multi-family development on the eastern entrance to Capitol Hill. Prior to joining NOVO, Greg was a Principal at D Street Development, a residential and multi-family development company based on Capitol Hill in DC.

Greg is well-versed in development, construction, and financial analysis. He earned a Bachelor’s of Science in Finance from the University of Maryland, College Park.


Jeff Goldshine

Partner, Management Services

As a Partner, Jeff is responsible for the direction of property management operations including third party management initiatives, strategic planning and growth of the management organization, and the accomplishment of the best practices in recruitment, development, operations, customer service, and strategic marketing.

Jeff formerly served as the Chief Operating Officer of NOVO, the President of Middleburg Management, and President of Mission Residential Management where he built and ran a property operating company with a portfolio of over 15,000 apartments. Before joining Mission, Jeff served as Senior Vice President and Director of Management Operations at CAPREIT Inc., which he joined in 1993. He was also instrumental in the creation of Artery Property Management, a 12,000 unit management company in the early 90’s.

Jeff earned a Bachelor’s degree in Political Science from George Washington University and earned the Certified Property Manager (CPM®) designation from the Institute of Real Estate Management. Jeff has been a featured speaker and panelist on a wide range of property management issues as well as being active on several industry boards and organizations.


Nicole Coates

Controller

As the Controller for NOVO, Nicole has overall responsibility for all accounting operations for the organization. Accounting operations include budgeting, forecasting, financial reporting, tax audits, treasury/cash management and financial analysis. With more than 20 years of accounting and financial reporting experience she has been instrumental in the enhancement and implementation of internal controls for the company. Prior to joining NOVO, Nicole worked at Carr Properties, a privately held investment trust, as the Controller where she had primary oversight of accounting operations, internal, external and SEC reporting. In this role, Nicole was instrumental in building the infrastructure for bringing all the accounting and property management services in house.

Nicole earned a Bachelor of Science in Accounting from the Robert H. Smith School of Business at the University of Maryland


Teosha Honeygan

Regional Manager

As the Regional Property Manager for NOVO, Teosha is responsible for the day-to-day management and operations of nearly 2000 units. Additionally, Teosha is responsible for implementing best practice standards and all Yardi property management software training and support.

With nearly 20 years of residential property management experience, Teosha directs the onboarding process for all new NOVO acquisitions and fee management business. Teosha is dedicated to superior customer service, has a strong knowledge of property management operations and budgeting, and is a positive mentor and leader to NOVO’s Property Managers. Prior to joining NOVO in 2008, Teosha served as a Property Manager with AIMCO, Archstone-Smith Trust, Polinger, and Equity Management. Teosha’s management experience includes market rate and tax credit housing.


Neil Goradia

Partner, Land Development & Acquisitions - Washington, DC

As a Partner at NOVO, Neil brings over 10 years of development experience in multifamily and retail. He focuses on urban infill development and value-add transactions as well as public/private partnerships. Neil is also the Owner and Principal of Tennyson Ventures, a privately held real estate development and investment company with project in DC.

Prior to joining NOVO, Neil was a Development Partner at the Bainbridge Companies, a nationally recognized, mixed-use developer, where he financed, constructed, and renovated over 1500 market rate and mixed income units in the DC Metropolitan Area. Prior to working with Bainbridge, Neil served in the Office of the Deputy Mayor for Planning and Economic Development under the Fenty administration as Real Estate Manager. In this role, he oversaw more than $1billion of capital improvement and real estate projects, including several affordable housing projects and community development initiatives.

Neil is well versed in finance, development, design, construction, and municipal finance (LIHTC,NMTC,TIF, and PILOT). Neil earned a Bachelors from James Madison University and earned his MBA in Real Estate and Finance from the University of North Carolina, Chapel Hill.

 


Darryl Shrock

Partner, Acquisitions and Asset Management- Washington, DC

As a Partner at NOVO since 2002, Darryl is responsible for acquiring, developing, and managing NOVO’s multi-family properties in the DC Metro area.

Prior to joining NOVO, Darryl worked in marketing positions at American Express and AOL. He acquired 6 properties totaling 464 apartments and raised $8M of equity and $35M of debt. Darryl also underwrote, negotiated purchase agreements, managed due diligence, financed, and transitioned properties and management. Darryl also converted a 1950’s building into a condominium, where he acquired, financed, designed, marketed, and sold 46 units. He managed the construction, sales staff, and legal process of converting, creating marketing materials, and managed the advertising campaign.

Darryl earned a Bachelor degree in Organizational Behavior and Management from Brown University and a Master’s in Business Administration from The University of Chicago’s Booth School of Business.


Cameron Mahjoubi

Acquisitions Manager - Washington, DC

As an Acquisitions Manager, Cameron is responsible for a variety of business development initiatives including acquiring, developing and managing new assets as well as procuring third-party management opportunities.

Cameron joined NOVO in 2010 as a fledgling college graduate. Prior to NOVO Cameron worked at MMG Group on the rehabilitation and expansion of a 40-unit historic condominium.  His career began in earnest at NOVO, where he managed a portfolio of 12 properties and approximately 400 units. Cameron completed his master’s concurrently with his ongoing duties at NOVO, returning to full-time work as NOVO’s Acquisitions Manager to underwrite and reposition distressed properties. In this capacity, Cameron is responsible for securing and stabilizing $19M in assets.

Cameron is a licensed Real Estate Salesperson in Washington, DC. He earned a Bachelor’s degree in English Literature from Colgate University and a Masters in Real Estate with a concentration in Finance from Georgetown University.


Jamie Glascott

Acquisitions Manager - Chicago

As a Partner at NOVO, Jamie is responsible for acquiring, financing, leasing, and managing NOVO’s multi-family properties in Chicago. Before joining NOVO, Jamie worked for the Horizon Reality group where he leased and managed over 300 multi-family units in Chicago. He also oversaw company growth from 300 units in 1999 to over 1000 units in 2006. Jamie also supervised gut rehab of three building, totaling in over 100 units, managed a maintenance team of 12 people as well as a management team of 3. Jamie is a Licensed Real Estate Sales Broker, certified by the state of Illinois since 2000, and an active member of the Chicago Association of Realtors. He earned a Bachelor’s degree in Management from Quincy University.


John Fitzgerald

Partner, Acquisitions - Southeast Region

As a Partner at NOVO, John is a licensed real estate broker in DC, Maryland, and Virginia, and has considerable experience in residential and commercial property management. John focuses on acquisition and asset management of investment properties within the Washington, DC and South Carolina markets.

Prior to joining NOVO, John worked for Chain Bridge Properties LLC, where he led a real estate asset management business, specializing in developing and managing under-valued and under-managed residential properties in the D.C. Metropolitan area. He was also General Partner and Director of Property Management for FitzGerald Properties Real Estate Management LLC, where he was responsible for managing a portfolio of over 510 residential and commercial units with an estimated value of more than $100 million.

John earned a Bachelor’s Degree in Architectural History from the University of Virginia and a Master’s degree in Business Administration from The McDonough School of Business at Georgetown University. He also earned his Certified Property Management (CPM®) from the Institute of Real Estate Management.


Mark Prossner

Vice President, Capital Markets

As the VP of Capital Markets for NOVO, Mark is responsible for raising equity for NOVO acquisitions and development projects.  In addition, he is tasked with building the NOVO platform in the suburban Maryland market.  Prior to joining NOVO, Mark was a Principal with Palace Investment Co. a small boutique real estate and private equity company based in Annapolis.  In this position he focused on sourcing, reviewing and raising capital for various real estate investments.  Before founding Palace, Mark worked with the current Governor of Maryland at the Hogan Companies where he was responsible for initiating and running the distressed asset brokerage division for the company.

Mark spent his early career in residential development and earned a Bachelor’s Degree in Economics from Hobart College.