We develop and build single family communities. In urban and suburban neighborhoods, we fill the desire for modern, efficient homes for rent that are professionally managed. We custom design and build our homes to stand the rigors of market conditions, and each home is designed to withstand the test of time with the latest features in technology and style.
CHIEF EXECUTIVE OFFICER
As a founding member, he oversees Elmington’s corporate operations and its seven primary business divisions: Property Management, Affordable Housing Development, Commercial Property Investment & Management, Construction, Single-Family Build-to-Rent platform, Senior Living and our nonprofit, Elevates. Prior to Elmington, Cary served as Vice President in Regions Bank’s Commercial Real Estate Group, where he financed in excess of $500 million of commercial real estate transactions through debt and equity executions. He graduated from the University of Georgia with a Bachelors in Business Administration (BBA) and Masters of Business Administration (MBA).
Michael is the President of Elmington Residential. Elmington Residential is a full-service development and construction initiative focused on delivering a high-quality portfolio of ground-up single-family developments. Previously, Michael was with Lennar Multifamily Communities where he was a part of the investment team. Prior to Lennar, Michael was with HavenBrook Homes, an institutional single-family rental platform. Michael was directly responsible for the underwriting and acquisition of over 1,000 single-family homes with a total investment in excess of $120 million across multiple markets. Michael is a graduate of the University of Tennessee, Knoxville, with a degree in finance.
VICE PRESIDENT, CONSTRUCTION
Steve leads estimating, purchasing, and construction for Elmington Residential. Prior to joining Elmington, Steve worked as Director of Purchasing for America’s Home Place, where he managed corporate programs, product use, features, value engineering, and vendor management for 800 single family projects per year. Before America’s Home Place, Steve oversaw estimating, purchasing, and design for over 500 homes per year at Levitt & Sons TN. Steve is an industry leader in residential construction with experience in 40 Southeast submarkets.
Stephanie oversees Single Family & Multifamily Asset Management for Elmington. In this role, she manages the operations of Elmington’s 20 active assets and assists with the development of new assets. Prior to joining Elmington, Stephanie was an Asset Manager at Covenant Capital Group in Nashville, Tennessee, for 9 years. There she handled a large portfolio of multifamily assets with an investment value exceeding $240 million and specialized in value-add renovations and design and operations. She also assisted with asset acquisitions and sales.
DIRECTOR OF DEVELOPMENT
Megan is responsible for sourcing opportunities, underwriting, financing, and performing due diligence for the development of single-family communities. Prior to joining Elmington, Megan worked in acquisitions for USAA Real Estate where she performed the underwriting, due diligence, and closing of over $1.63 billion of commercial real estate acquisitions and over $799 million of commercial real estate developments. Megan graduated with honors from Vanderbilt University with a Bachelor of Arts in Economics and graduated from the Owen Graduate School of Management at Vanderbilt University with a Master of Science in Finance.
DIRECTOR OF DEVELOPMENT
Peter is responsible for sourcing opportunities, underwriting, financing, and performing due diligence for the development of single-family communities for Elmington Residential. Prior to joining Elmington, Peter worked in acquisitions and development for WRS, Inc., a retail and mixed-use development firm based in Charleston, SC. Peter graduated from the Johns Hopkins University with a Bachelor of Arts in Economics.
DIRECTOR OF PLAN DEVELOPMENT
With over 30 years of experience in residential design, Walt expertly designs homes that meet the requirements of neighborhoods, as well as appeal to target markets. Additionally, he oversees the production of the construction documents. Before joining the Elmington Residential team, Walt spent over 10 years with Frank Betz Associates, a leading residential stock plan design firm, where he served as Quality Control Manager. Most recently, he worked for America’s Home Place, as a Project Manager for plan production offices throughout North Carolina, South Carolina, Texas and Virginia.
Kyle Bumpous oversees all accounting and corporate support activities for all single-family development and construction. Kyle is responsible for financial reporting, month and year-end close procedures, budget forecasting and managing cash flows. He graduated in 2010 with a Bachelor of Science in Business Administration with a Professional Option in Accountancy. Previously, Kyle spent ten years as a public accounting tax manager with a primary focus on construction and real estate tax compliance and planning.