Leadership
Our diverse portfolio of performing assets and our senior management team with an average of 28 years industry experience provide an uncommon level of multifamily expertise. That focus on multifamily housing has allowed our management team to develop outstanding skills, insights, and relationships over multiple real estate cycles.
- &);">
Bob Krokower
Chief Executive Officer
Mr. Krokower is the Chief Executive Officer at Security Properties where he oversees a 22,000 unit apartment portfolio with assets located in 21 states plus the District of Columbia. The company has been in business since 1969 and operates with four separate business units including development, conventional acquisitions, affordable acquisitions, and in-house property and asset management. He has 31 years of experience in real estate and has completed over $5.2b in transactions and raised over $900m of institutional equity.
Prior to joining Security Properties, Mr. Dufenhorst worked 13 years as the President and Managing Partner of a private developer based in Los Angeles with offices in Denver, Phoenix, and Las Vegas. His previous work experience also included working in the real estate group for an investment banking firm based in San Francisco and he was the Director of Development for Intrawest.
Mr. Dufenhorst attended the University of Idaho where he received an undergraduate degree in business and attended the University of Southern California where he obtained a Master of Real Estate Development. He is a CPA (inactive), a California real estate broker, a gold multifamily council member of the Urban Land Institute, a board member of Long Live the Kings, a member of the National Multi-Housing Council, a member of the National Association of Home Builders Multifamily Leadership Group, a member of Pacific Real Estate Institute, and an Executive Committee Member of the USC Lusk Center for Real Estate.
Bob Krokower
Chief Executive Officer
Bob Krokower is the CEO and CFO of Security Properties. He leads the Investment Committee and is a member of the Board of Managers. Mr. Krokower has the broad responsibility for strategic planning, growth, and the financial health of the organization. In addition, he is involved in all aspects of SP’s business units including acquisitions, dispositions, asset management, development, and property operations. During Mr. Krokower’s 17-year tenure, SP has acquired and developed over 200 properties and disposed of approximately 250 properties representing a combined transaction volume of over $10 billion.
Prior to joining SP in 2003, Mr. Krokower spent five years as Chief Financial Officer for Harbor Properties, Inc. (real estate development and property management) and Harbor Mountain LLC (ski resort operations and resort real estate). From 1992 to 1998, he operated his own consulting firm which offered financial and administrative support to real estate development and operations companies. Prior to 1992, Mr. Krokower worked as Senior Vice President of Finance and Administration, Corporate Secretary and Director of the Donald L. Bren Company and Bren Investments Properties (real estate development companies). He is a graduate of California State University with a degree in accounting.
John Marasco
Chief Development Officer
John Marasco is Security Properties’ Chief Development Officer and is responsible for all aspects of SP’s multifamily and commercial real estate development. He is a member of the Investment Committee and the Board of Managers. Mr. Marasco joined Security Properties in 1992 as a Development Project Manager. Having started his career in real estate with the largest land developer in the Pacific Northwest, Mr. Marasco’s particular expertise in land acquisition and development proved instrumental in establishing SP as one of Seattle’s leading development teams.
Under Mr. Marasco’s leadership, SP has expanded its development portfolio through responsible and sustainable buildings that reflect and reinforce the unique attributes of their neighborhood. From 2012 through 2019, SP has built and successfully delivered a pipeline of over 2,000 units at a capitalized cost of $1 billion. Mr. Marasco has expanded development capabilities to include office and light industrial. Moreover, his team has established a niche development strategy for urban mixed-use development with grocery-anchored retail with successful entitlement and development in cities such as Seattle, Portland, San Francisco, and Chicago. Mr. Marasco’s additional strengths include analysis, financial structuring, construction management, rehabilitation, asset turnaround, marketing, and sales.
Prior to joining Security Properties in 1992, he served as Acquisition Manager for a Seattle-area multifamily real estate syndication and development company. He has a Bachelor of Science degree from the University of Oregon and completed graduate courses at the University of Washington's Department of Civil Engineering. He maintains a Washington real estate broker's license and has received a University of Washington Certificate in Commercial Real Estate.
Julie Driscoll
Chief Accounting Officer
Julie Driscoll is the Chief Accounting Officer at Security Properties where she oversees financial reporting and day to day accounting functions for a portfolio of assets over $5 Billion. Prior to joining Security Properties in 2006, Ms. Driscoll was part of the real estate finance team at Vulcan Real Estate. There she worked with joint venture reporting, project budgeting, commercial property management and a diversified south lake union real estate portfolio from pre-development through development stages. Ms. Driscoll began her career in public accounting with RSM McGladrey where she performed audits and prepared tax returns for a range of clients from the banking industry to Northwest fishing boats. She is a graduate of the University Of Washington Foster School Of Business with a Bachelor’s degree in Accounting.
Dan Byrnes
Chief Investment Officer
Dan Byrnes is the Chief
Investment Officer for Security Properties. He is a member of the
Investment Committee and the Board of Managers. Mr. Byrnes has 19
years of experience in commercial real estate. He is responsible
for the development of both long- and short-term investment plans
for each business unit and for the company as a whole. Mr. Byrnes
has completed over 150 transactions totaling $6 billion since
joining Security Properties in 2012. In addition, he oversees
day-to-day management of Security Properties’ multifamily
funds.
Prior to joining Security Properties, he served as a Director of
Investment Sales in HFF’s New York City office, where he completed
over $4 billion of real estate transactions, spanning all major US
markets and asset types. Mr. Byrnes holds a Bachelor’s Degree in
Economics-Operations Research from Columbia University and an MBA
from the Haas School of Business at University of California,
Berkeley.
Steve TeSelle
Managing Director, Affordable Housing Group
Steve TeSelle is a Managing Director on the Affordable Housing Team at Security Properties. He focuses on the acquisition and development of affordable apartments nationwide utilizing a variety of joint venture equity and 4% and 9% low income housing tax credits. He is responsible for leading the acquisition process including overseeing initial underwriting and feasibility, contract negotiation, due diligence, financing and partnership structuring and closing.
Since joining Security Properties in 2007, Mr. Teselle has been involved in a wide variety of projects including GP interest acquisitions, LP interest acquisitions, note purchases, mixed use communities, acquisitions with institutional joint venture partners and 4% tax credit and tax exempt bond rehabilitations.
Davis Vaughn
Managing Director, Acquisitions
Davis Vaughn is a Managing
Director at Security Properties and leads the Acquisitions Team,
the number one buyer by volume of institutional apartments in the
Pacific Northwest. The team is focused on acquiring market rate
apartments in partnership with institutional equity in all west
coast metros plus Tennessee and Texas. Deal targets include core,
core-plus, value-add and opportunistic real estate. Has acquired
over 20,000 units with total capitalization above $5.0B in his
career.
He is also responsible for all capital raising with institutional
equity. This includes sourcing equity and joint venture structuring
and partnerships. Equity partners include insurance companies,
pension funds, international equity, private equity funds and high
net worth individuals. To date, he has placed approximately $2.0B
of institutional equity.
Of assets acquired, $2.3B have been sold resulting in $900M of
value creation and deal level returns averaging a 30% IRR with over
a 50% IRR for Security Properties.
Prior to joining Security Properties, Davis worked on institutional
debt and equity placement for Northwestern Mutual in their Seattle
real estate office. He graduated Cum Laude from the University of
Washington with a Bachelor’s Degree in Finance. He also has a
Commercial Real Estate Certificate from the University of
Washington.
Ed McGovern
Managing Director, Capital Markets
Ed McGovern joined Security Properties in 2009 and is the Managing Director of Capital Markets. He is a member of the Investment Committee. Mr. McGovern is responsible for raising private equity and debt from high net worth investors, institutions, and family offices to be invested alongside our partners and our own capital. To date, he has raised over $300 million of private capital to aid in the financing of more than 120 Security Properties assets worth over $3 billion. In addition, Mr. McGovern is involved in managing the firm’s branding and public relations strategy and is responsible for interactions with the media.
Mr. McGovern has over 20 years of finance and real estate experience involving high rise commercial development and real estate private equity. His career has involved both investment and disposition roles in office, hotel, retail, and multifamily real estate for both ground-up development and acquisition/rehab projects.
Prior to joining Security Properties in 2009, Mr. McGovern held real estate development and investment roles with Schnitzer Northwest and Bentall Kennedy, as well as positions in investment banking. He has been responsible for the development and leasing of over two million square feet of commercial real estate in the Pacific Northwest and the development of hotels throughout the U.S. He holds a Bachelor of Science in History from the U.S. Naval Academy, an MBA from Columbia University and a Certificate in Construction Management from the University of Washington. He currently serves as a Board Member and was a former Adjunct Professor for the University of Washington Department of Real Estate MSRE program. He has also been involved with the Puget Sound Regional and National Corporate Board of Directors for NAIOP.
Jason McKinley
Managing Director, Asset Management
Jason McKinley is the Managing Director of Asset Management. He is a member of the Investment Committee and the Board of Managers. As head of asset management, Mr. McKinley is responsible for executing the business plan developed for each property in the Security Properties portfolio, including renovations, joint venture partner relations, implementation of new technologies and systems, property management relationships, retail leasing, and market and data analysis. He also has oversight responsibility for IT, private capital, and corporate cash forecasting and reporting.
Mr. McKinley has held a variety of positions at Security Properties since joining in 2007. He started in the Affordable Housing Group and later worked as Manager of Corporate Initiatives and Senior Director of Corporate Finance. He has worked in Asset Management since 2014, during which time he oversaw nearly 50 properties with a total of more than 10,000 units, both conventional and affordable. He holds a Bachelor of Science in Economics with a concentration in Real Estate from the Wharton School at the University of Pennsylvania and a Master’s in Real Estate from Harvard’s Graduate School of Design.
Mike Voorhees
Managing Director, Property Management
Mike Voorhees is the President and the Managing Director of Security Properties Residential. He is a member of the Investment Committee and the Board of Managers. As President of SPR, Mr. Voorhees is responsible for all facets of property management nationwide with a focus on risk management, value creation, and due diligence pursuits. Since joining SP in 2017, the SPR portfolio has increased from 13,000 units to over 22,000 units under management, representing a portfolio value of over $4.5 billion. Additionally, Mr. Voorhees has overseen the SPR portfolio expansion into Utah, Tennessee, and the Mid-Atlantic region.
Before joining Security Properties, Mr. Voorhees served as Partner and Regional Vice President for Holland Residential in the Puget Sound region for 14 years. During his tenure, the region experienced unprecedented growth from 233 units to over 5,500 units. Prior to joining Holland Residential, he served as an Investment Manager for Pinnacle, overseeing 14 properties with a capitalization value of approximately $225 million. Before his days at Pinnacle, he served as a District Manager for Trammell Crow for Oregon and Washington. Mr. Voorhees attended Washington State University and studied Business Administration and is a managing broker in Washington State.
Tali Reiner
Executive Vice President, Property Management
Tali Reiner is responsible
for the property management operations of Security Properties
Residential’s 24,000 unit nationwide portfolio. In her role as
Executive Vice President, Ms. Reiner contributes to the strategic
vision of SPR and is responsible for the successful day to day
operations of property management including oversight of key
personnel decisions, company culture, revenue performance and
strategic growth within target markets. Ms. Reiner has supervised a
diverse portfolio spanning 14 states including lease-ups,
value-add, LIHTC/HUD, senior, mixed-use and conventional housing
from garden style, to mid and high-rise. With this experience, Ms.
Reiner has been instrumental in helping SPR and our partners
through successful lease ups, stabilization, acquisitions and
dispositions.
Ms. Reiner has been active in the multifamily housing industry
since 2005 and has maintained a Washington real estate broker
license since 2007. She is an executive board member of the
Washington Multifamily Housing Association and Housing Connector.
Previously she was a member of the Washington State Housing Finance
Commission Advisory Board. Through her board involvement, she has
advocated in Washington, DC for thoughtful housing policy and
support of vital housing programs. Ms. Reiner is a graduate of
Randolph College where she received a Bachelor of Arts degree in
History.
Laurel Zacher
Vice President, Marketing & Customer Engagement
Laurel Zacher is a
multifamily marketing strategist with 25+ years’ real estate and
media experience. She is responsible for casting the strategic
vision for the organization’s brand, reputation, and planning
investment and property management marketing programs. Her
leadership in customer engagement brings a deep understanding of
their needs, behaviors, and outcomes that directs how the
organization engages at various touchpoints across the customer
relationship to drive business outcomes. She has worked with
multiple housing types, including conventional, affordable,
mixed-use developments, and commercial buildings across North
America. Before joining SPR, she directed the marketing teams for
NMHC Top 50 and regional owners, giving her local and national
insight.
Ms. Zacher holds a BS in Business Management from California State
University, Long Beach. She sits on the Zillow Rentals Advisory
Board and is a frequent speaker at national conferences, including
NMHC OpTech, NAA Apartmentalize, Zillow Connect, and the Apartment
Innovation and Marketing Conference (AIM).
Michael Nanney
Sr Director, Development
Mr. Nanney has 20 years of
real estate development experience. Since joining Security
Properties’ Development Company in 2012, Mr. Nanney has focused on
acquiring sites for new developments, overseeing design and
entitlement activities, equity capitalization, financing,
construction management, commercial leasing, and dispositions. In
this time he has been directly involved in eleven properties that
have either delivered or are presently under construction in
Seattle, Bellevue, and Portland. He is actively involved in eight
developments in some phase of entitlement, permitting, or
capitalization. .
After beginning his career at Jones Lang LaSalle, Mr. Nanney spent
over eight years developing land and residential properties at
publicly traded real estate company Forest City Enterprises. He has
worked on real estate development projects in northwest cities
including Seattle, Portland, and Bellevue along with other cities
around the U.S. including Washington D.C., Chicago, San Juan P.R.,
Colorado Springs, and Honolulu..
Mr. Nanney’s educational background includes a BS degree in finance
from George Mason University, the Chartered Financial Analyst
designation, and an MBA from the University of Washington.
Dorian Shapiro
Sr Director, Portfolio Management
Dorian Shapiro is the
Senior Director of Portfolio Management at Security Properties. Mr.
Shapiro is responsible for day-to-day operations of SP’s fund
management business, including assisting in the structuring,
marketing, and raising of new discretionary funds. Security
Properties has raised and deployed six funds, which have invested
in more than 20,000 units with a cost basis over $4.5 billion.
He also manages the dispositions of SP’s Conventional, or
market-rate, assets. Mr. Shapiro has over 12 years of institutional
experience working as both a sponsor and an equity partner. While
at Security Properties, he has asset managed a portfolio of more
than 4,500 units valued over $1.25 billion as well as overseen the
disposition of $2.2 billion in real estate assets.
Mr. Shapiro began his career at Alliant Capital underwriting
potential acquisitions while serving as portfolio analyst on Tax
Credit syndication funds. Prior to joining Security Properties in
2017, he served as Vice President, Asset Management at American
Realty Advisors, where he oversaw a portfolio of over 2,000
units.
Mr. Shapiro holds a Bachelor of Business Administration from Boston
University as well as a Masters of Construction Management from the
University of Southern California.
Dorothy Denton
Sr Director, Tax
Our diverse portfolio of performing assets and our senior management team with an average of 28 years industry experience provide an uncommon level of multifamily expertise. That focus on multifamily housing has allowed our management team to develop outstanding skills, insights, and relationships over multiple real estate cycles.
Dorian Shapiro
Sr Director, Portfolio Management
Dorian Shapiro is the
Senior Director of Portfolio Management at Security Properties. Mr.
Shapiro is responsible for day-to-day operations of SP’s fund
management business, including assisting in the structuring,
marketing, and raising of new discretionary funds. Security
Properties has raised and deployed six funds, which have invested
in more than 20,000 units with a cost basis over $4.5 billion.
He also manages the dispositions of SP’s Conventional, or
market-rate, assets. Mr. Shapiro has over 12 years of institutional
experience working as both a sponsor and an equity partner. While
at Security Properties, he has asset managed a portfolio of more
than 4,500 units valued over $1.25 billion as well as overseen the
disposition of $2.2 billion in real estate assets.
Mr. Shapiro began his career at Alliant Capital underwriting
potential acquisitions while serving as portfolio analyst on Tax
Credit syndication funds. Prior to joining Security Properties in
2017, he served as Vice President, Asset Management at American
Realty Advisors, where he oversaw a portfolio of over 2,000
units.
Mr. Shapiro holds a Bachelor of Business Administration from Boston
University as well as a Masters of Construction Management from the
University of Southern California.
Sarah Mitchell
Sr Director, Human Resources
Sarah Mitchell is the Senior Director of Human Resources for Security Properties. She joined SP in 2018 bringing over 13 years of experience in human resources and is responsible for full-cycle human resources encompassing policies/practices, staffing, compensation, talent acquisition, benefits, performance management, employee relations, employee recognition, and health and safety, and positively impacts company growth by connecting talent capabilities with business goals. Ms. Mitchell’s team supports over 750 team members in 12 states.
Ms. Mitchell holds a Master’s in Science degree in Psychology and is accredited by both the Human Resources Certification Institute as a Professional in Human Resources and the Society for Human Resource Management as a Senior Certified Professional. Recently, Ms. Mitchell achieved certification in Inclusive Workplace Culture and in Workplace Investigations. She also leads a DE&I Task Force that seeks new ways to engage and develop diversity, equity and inclusion in our organization.