USA Properties Fund’s seven shareholders have extensive experience in acquiring, developing, financing and managing apartment communities. With a combined 140 years of experience at USA Properties, the majority of the six-member team have worked together for almost two decades. The shareholders have experience with booming and contracting multifamily markets as reflected in overseeing an award-winning company with $1 billion in assets.
Geoffrey C. Brown
President and Chief Executive Officer of USA Properties Fund Inc.
Geoffrey C. Brown joined USA Properties Fund in 1989, and he was named President and Chief Executive Officer of the company in 1997. He has overseen a dramatic increase in communities and units during his tenure. Before he joined USA Properties, Mr. Brown was employed by Lloyds Bank in its commercial credit department and later as a commercial real estate construction loan officer. After Lloyds Bank was acquired by Sanwa Bank, he was named Vice President and Manager of the Pasadena Real Estate Office and oversaw the construction lending for commercial and residential loans. Mr. Brown earned his bachelor’s degree in Economics from Willamette University and an MBA in Finance from the University of Washington. He is a licensed California contractor and real estate broker. Mr. Brown currently serves on the Board of Directors for the California Council for Affordable Housing and California Housing Consortium of which he was Chairman for 2012 and 2013.
Edward R. Herzog
Executive Vice President and Chief Financial Officer of USA Properties Fund Inc.
Edward R. Herzog joined USA Properties in his current role as Executive Vice President and Chief Financial Officer in 1984. He is responsible for directing the accounting, financial, information technology and tax activities of USA Properties and its affiliate companies. Before joining USA Properties, Mr. Herzog was Controller of Heitman Properties Ltd., an office property developer and manager in Los Angeles and Chicago. He has also served as Treasurer and Chief Financial Officer of Calmark Properties Inc. and was an auditor in the Chicago office of KPMG Peat Marwick. Mr. Herzog earned a bachelor’s degree in Accounting from Western Illinois University and an MBA in Finance from University of Southern California. He has been a Certified Public Accountant since 1973.
President of USA Construction Management Inc. and Senior Vice President of USA Properties Fund Inc.
Michael McCleery joined USA Properties Fund in 1988 as Vice President of Construction. He oversees all construction activities for the company, including estimating, project management, purchasing, field supervision, cost control, scheduling and subcontractor management. He earned his bachelor’s degree in Construction Engineering Management from California State University, Long Beach. Mr. McCleery is licensed contractor in California and Nevada. He has sat on the board of directors for the Building Industry Association, and on the Board for HomeAid Sacramento as well as serving as Chairman. Michael received the 2004 Presidents Award from the California Building Industry Association for his leadership in establishing the Multifamily Council, and is a founding member of the Urban Infill and Multifamily Council of the California Building Industry Association.
Executive Vice President of USA Multifamily Housing Inc. and Senior Vice President of USA Properties Fund Inc.
Steven Gall oversees USA Properties Fund’s land and existing apartment community acquisition activities. Mr. Gall has more than 30 years of experience in the real estate industry, including more than 25 years with USA Properties’ in various land acquisition and development roles. He has also served as Vice President of Land Acquisition for the Sacramento Divisions of Centex Homes and MBK Homes, as well as Sacramento City Partner/Development Director forAlliance Residential Company. He holds a bachelor’s degree from Willamette University and an MBA from the University of Washington.
Arthur “Art” M. May
Executive Vice President of USA Multifamily Development Inc. and Senior Vice President of USA Properties Fund Inc.
Arthur M. May, Senior Vice President of Development, rejoined USA Properties Fund in 2006, after a four-year absence while he was partner-in-charge of the Western Regional Offices of BSB Design in 2002. Mr. May was formerly Vice President and Director of Architecture for USA Properties before he left for BSB Design. Mr. May, who graduated with a degree in Structural Engineering from the University of California, Irvine, has extensive experience as a design professional, builder and developer. He is a member of the American Institute of Architects, California Building Industry Association, National Association of Home Builders, Urban Land Institute and several other organizations.
Senior Vice President of Finance, USA Multifamily Housing, Inc. and Senior Vice President of USA Properties Fund, Inc..
Darren Bobrowsky joined USA Properties Fund, Inc. in December 2010 as Director of Finance. In this position, Mr. Bobrowsky oversees procurement and maintenance of debt and equity financing for USA Properties Fund’s projects. In July 2015, Mr. Bobrowsky was named Senior Vice President of Finance and became a USA Properties Fund shareholder. Prior to joining USA Properties Fund, Mr. Bobrowsky was Vice President, Acquisitions for Capital Valley Investments (The Ezralow Company). Previous to that, Mr. Bobrowsky was Director of Development Services at Sacramento Housing and Redevelopment Agency (SHRA). During his time at SHRA, he was involved in the development of over 10,000 affordable housing units with total project costs exceeding $1 Billion. Mr. Bobrowsky obtained his Bachelor’s degree in Business Administration (Real Estate and Land Use Affairs) from California State University, Sacramento in 1991.