Leadership

NOVO’s Leadership


Managing Partners


Neil Goradia

Bruce Hurd

Greg Selfridge

Brett Summers


Leadership


Michelle Reed

VP, Management Services

Nicole Coates

Controller

Jeanett Lewis

Regional Property Manager

Loreen Goldstein

Director, Investor Relations & Corporate Communications


Development & Asset Management


Cameron Mahjoubi

VP, Development

Jamie Glascott

Asset Manager – Chicago, IL

Darryl Shrock

Asset Manager – Maryland & Washington, DC

Team Bios

Managing Partners


Neil Goradia

Partner

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.

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.

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.

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 and his wife, Jamie, are the owners of Black Water Bakery in Cambridge, MD where breakfast, baked goods, and coffee are served daily. Brett received a Bachelor’s degree in Economics and Public Policy Studies from Duke University in 1985.

Leadership


Michelle Reed

VP, Management Services

As VP of Management Services at NOVO, Michelle oversees the operations of 44 properties located in the District of Columbia, Illinois, Maryland, and Virginia. Michelle is also responsible for all NOVO owned and third-party management initiatives, including the strategic planning and growth of our management organization and the accomplishment of best practices in recruitment, development, operations, customer service, and strategic marketing.

Michelle has more than thirty years of experience in multi-family property management. She was formerly Vice President – Residential Services with Avison Young and was responsible for 2,000 units in Montgomery County, Maryland. Prior to joining Avison Young, she was with McShea Management as Vice President. Michelle helped to grow the McShea third-party property management portfolio from less than 400 units to 2,000 during her tenure. Michelle earned both the Certified Property Manager (CPM®) and Accredited Residential Management (ARM®) designations from the Institute of Real Estate Management (IREM).

She is the Past President of IREM Chapter 92 (2013), Served as a Member of IREM Chapter 92 Board of Directors (2007 – 2019), and Past Chair of IREM Region 3 Education (2018). Michelle was awarded IREM 92 Distinguished Service Award (2015), IREM 92 CPM of the Year (2013) and IREM 92 ARM of the Year (2011). Brett Summers Managing Partner Bruce Hurd Managing Partner Greg Selfridge Managing Partner

Nicole Coates

SVP, Chief Financial Officer

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.

Loreen Goldstein

Director, Investor Relations & Corporate Communications

Our Vision

At NOVO we’re forging a new and better path in the multifamily and commercial real estate investment space. Our focus is to strategically acquire, develop, and manage existing multifamily and mixed-use assets and infill development sites within targeted urban and suburban markets.

Our Mission

We strive to be a best-in-class owner and operator in every deal we pursue. With a forward-looking approach, disciplined due diligence and underwriting, and decades of experience producing favorable returns, we are positioned to produce value for our partners.

Our Process

We lead the way with our expertise, innovation, and service. A combination of rigid underwriting, cutting-edge technology, and a holistic view of emerging trends and risks in the real estate market have guided our ability to be successful investors for the past 20 years.

We embrace our core values everyday and apply them as the foundation for how we conduct our business.