THE TEAM

Newport Pacific Land Company LLC's accomplished leadership team share individual and collective experience in real estate finance, acquisition, entitlement, planning, "placemaking", product design and development. Their careers span decades and take in a wide array of achievements which include residential communities, as well as multifamily, age-qualified, commercial and industrial projects. Depth of expertise, insight, foresight and outstanding performance are the cornerstones of NPLC.


PRINCIPALS

Douglas Neff

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Chief Executive Officer

Along with his efforts at NPLC, Doug Neff is co-founding Principal and CEO of IHP Capital Partners; He also serves as Chairman of  the Board and is a member of IHP’s Investment Committee.

From 1985 until the founding of IHP Capital Partners, Mr. Neff was a Partner of The O'Donnell Group, a regional developer, owner and manager of commercial and industrial real estate. Prior to 1985, he was Treasurer of The Irvine Company and a Vice President in the Real Estate Industries Group at Wells Fargo Bank in San Francisco.

Mr. Neff’s background in real estate and finance has provided him with extensive experience in real estate transactions and a deep knowledge of the real estate industry.

A graduate of Amherst College, he received a Master of Business Administration Degree from the University of Chicago in Finance and Economics. Mr. Neff is also a member of the Policy Advisory Board of the Fisher Center for Real Estate at the University of California, Berkeley.


Derek Chen

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Derek Chen is the Chairman and founder of Chenco Holding Company, LLC, a Las Vegas-based investment holding company established in 1991, focusing on U.S. real estate private equity fund management in income-producing real estate and real estate operating company investments. That particular group of companies has made cumulative investments in excess of $10 billion in total transactions. Mr. Chen is also a co-founder of The Bascom Group, LLC, a California-based asset manager (which places among the top-50 largest residential apartment owners from 2009 to 2013 and ranks first among U.S. multifamily apartment renovators in 2014) and Premier Business Centers, LLC, the second-largest executive offices operator in the country. Additionally, Mr. Chen co-founded China Prosper Investment Management Co., Ltd., a Mainland China NDRC-licensed private equity management company. China Post Group and CITIC are also co-founders of CPIMC.

Mr. Chen serves as the President of the International Leadership Foundation and he has been a board member of the National Asian Pacific Center on Aging. Both foundations are well recognized in the United States. In 2004, Mr. Chen was named Apartment Executive of the Year by the Real Estate Conference Group, the largest and most prestigious multifamily conference on the U.S. West Coast. In 2005, Mr. Chen was also a recipient of the National Director's Award for Access to Capital, given by the U.S. Department of Commerce's Minority Business Development Agency. In 2007, Mr. Chen received the President's Call to Service Award from the President's Council on Service and Civic Participation.

Mr. Chen studied Chemical Engineering at National Taiwan University; and holds both a Master of Business Administration Degree in Real Estate and a Master of Science Degree in Finance from the University of Wisconsin-Madison.


Christopher Bley

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Executive Vice President

Chris Bley has broad experience and expertise in real estate and real estate finance, including project origination and underwriting, project and asset management, land development, financial analysis, workouts and institutional relations.

In 2010 Mr. Bley joined Lehman Brothers Holdings, Inc. as a Senior Vice President, where his responsibilities included re-underwriting and developing business plans and exit strategies for a portfolio that consisted of developable land throughout the United States. This process involved understanding where the project stood in the entitlement/development process and very often restructuring the capital stack of each project by working out transactions with borrowers, lenders and joint venture partners.

Mr. Bley's professional experience includes principal roles in several real estate development firms as well as acting as the Director of Acquisitions for a Wall Street capitalized company that invested in all aspects of residential real estate throughout the Western United States.

Mr. Bley graduated from San Francisco State University and received a Master of Business Administration Degree from the Peter F. Drucker Graduate School of Management at the Claremont Graduate University.


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Fred Liao

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Chief Investment Officer

Fred Liao is a Managing Director of Chenco Holding Company, a leading cross-Pacific real estate investment firm.  The Chenco Group has ownership interests in 12 real estate operating companies which currently manage over 120 projects and $10 billion of assets in various sectors of real estate in the United States. Mr. Liao is also responsible for Chenco Group's land and housing investments and is a member of its executive management board. 

Mr. Liao has extensive experience in all aspects of real estate investment and management as an executive over the past 20 years.  He is a member of the State Bar of California and holds a Bachelor of Arts Degree in Economics from University of California, Los Angeles and a JD from the UC Hastings College of the Law.


Donald Grant

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Senior Vice President

Don Grant is also a co-founding Principal and is Executive Vice President of IHP Capital Partners. He has responsibility for the selection and structuring of builder transactions, asset management, fund liability management and investor relations. He also serves as a member of IHP’s Investment Committee. Since its inception, IHP has received equity commitments for its funds totaling over $1.5 billion from institutional investors. As a result of those commitments, IHP has established six equity funds to finance residential projects representing more than $20 billion of estimated revenue.

Previously, he was Chief Executive Officer of The O’Donnell Group, an office and industrial development firm doing business on the west coast from Southern California, Northern California, Seattle and Anchorage, Alaska. Prior to joining The O’Donnell Group in 1982, Mr. Grant spent 12 years in the real estate group of Wells Fargo Bank, where he was Senior Vice President responsible for all of the bank’s construction lending to commercial developers and home builders based in Southern California.

Mr. Grant is a 30-year member of the Policy Advisory Board of the Fisher Center for Real Estate at the University of California, Berkeley. He is also a member of the Urban Land Institute since 1982, having spent many years on various ULI Real Estate Development Councils. Additionally, Mr. Grant has been on the Board of Trustees of the two leading private middle and high schools in Orange County, California.

Mr. Grant graduated from Kent State University with a Bachelor of Arts Degree in Banking and Economics and holds a Master of Business Administration Degree from the Santa Clara University.




SENIOR MANAGEMENT

Gary Gafford

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Vice President of Land Development

Gary Gafford is a multi-disciplined operations leader with progressive experience executing all aspects of real estate development, commercial and residential construction while focusing on strategic planning, financial analysis, and end-to-end project management of the development process. Mr. Gafford works closely with the executive teams to create vision while executing strategic leadership and business goals. Delivering success through effective resource allocation, budget/financial management, staff development, best practices/policies & procedures, improving operational efficiency to achieve business performance goals and revenue growth in competitive public homebuilder markets and commercial contracting firms.


Bruce H. Lewis

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Senior Vice President of Community Development

Bruce Lewis is a highly regarded professional whose responsibilities are a complement to the community planning and development team assisting project management with due diligence, development budgets, governance issues and landscape design.

Building upon a 25-year history in the planning, development and landscape architecture fields, Mr. Lewis devoted 16 years as Vice President of Community Development at FivePoint Communities and Vice President of Community Development at Lennar Homes of California Inc. At FivePoint, he was involved in the planning and development FivePoint's Great Park Neighborhoods, and for Lennar, he helped develop communities throughout Riverside and Orange Counties.

Mr. Lewis is a graduate of California State University Fullerton and holds a Master of Landscape Architecture degree from California State Polytechnic University.


Todd Collins

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Chief Accounting Officer

Todd Collins, a Certified Public Accountant, manages all financial operations for Newport Pacific Land Company LLC. Mr. Collins has over two decades of public and private accounting experience in various industries with an emphasis on real estate. He is responsible for implementation, management and continual improvement of NPLC's financial systems. He brings innovation and leading edge technology to NPLC, such as a detailed job cost analysis and financial reporting systems. He is responsible for developing cash management and investment strategies to maximize returns and minimize tax liabilities.   

Mr. Collins spent over a decade at Haskell & White LLP, one of Southern California's leading public accounting firms, performing accounting and audit services for both public and private companies. He graduated with honors with a Bachelor Degree in Accounting from California State University, Fullerton. 


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Rahul Seth

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Vice President of Financial Analytics

Rahul Seth is responsible for all financial analysis at NPLC.

Prior to joining Newport Pacific Land Company LLC, he was a Financial Analyst at IHP Capital Partners where he developed and managed the financial models for two large master-planned communities in Northern California.  His responsibilities included updating financial models for quarterly reporting to investors, coordinating with the development team and asset manager on sensitivity analysis and updated forecasts, and assisting in the development of fund-level financial models.

Before joining IHP Capital Partners, Mr. Seth was a Real Estate Analyst at Rialto Capital, a subsidiary of Lennar that specializes in debt securities and joint venture equity transactions.  Mr. Seth's responsibilities included underwriting land development, home building, and multifamily investment opportunities for the Rialto equity funds.  He also worked with developer partners in updating financial models to ensure consistency in financial reporting and business plan forecasts.

Prior to joining Rialto Capital, Mr. Seth served as Senior Acquisitions Analyst at CVG Properties and Acquisitions Analyst at Variant, where Mr. Seth was also an underwriter for multifamily investments.

Mr. Seth earned a Bachelor of Science in Business Administration from the University of Arizona, Eller College of Management in 2012, majoring in Finance.  He was honored with the Salute of Excellence Award Fall 2010, Dean's List Spring 2009 and Dean's List with Distinction Fall 2009.

 

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