Founder / CEO
During his 40-year career, Jim’s responsibilities have included project acquisition, financing, design, construction, marketing and property management of commercial, industrial and residential projects throughout the country. For the last twenty five years, he has focused on development of affordable housing. A respected authority in all aspects of real estate development and management, Jim is a former lecturer for the MSRE degree program at University of San Diego, Past Chairman of the San Diego Building Industry Association, and sought after panelist and speaker. He is a passionate advocate for the creation and preservation of safe, accessible, and affordable housing; his service to the industry has recently been acknowledged by his induction into the Building Industry of San Diego Hall of Fame.
In addition to growing Chelsea to a company of over 60 employees and a development portfolio of $2 billion, Jim is an attorney with an advanced degree in tax law. As CEO, he is responsible for strategic management of Chelsea and its affiliates.
Cheri has been part of the Chelsea development team since 1994 and has participated in the development of close to 100 affordable apartment communities, involving nearly $1 billion in financing. She is an authority in financial modeling incorporating tax credits and tax-exempt bonds, and has extensive experience securing multiple forms of local, state, federal and private funding sources. She is involved throughout the development process, from early feasibility analysis to lease up and stabilization. Cheri received her degree in Accounting from California State University in Fullerton and continued her education with finance studies at California Polytechnic University in Pomona.
Chief Operating Officer
Charles has been with Chelsea since 1986, and also serves as President of Chelsea’s affiliated general contractor, Emmerson Construction, Inc. He applies experience with real estate finance, development and management to facilitate the needs of both companies. Charles, a licensed general contractor, has supervised the construction of more than 5,400 units in Southern California and Arizona. With a degree from the University of California, San Diego, he has a thorough understanding of the life cycle of apartment development, from feasibility analysis through lease-up.
Capital Transactions Manager
Shannon Vanderhei has been a real estate professional for over 15 years while working for real estate development, syndication, lending and property management companies. Her experience includes acquisitions, dispositions, financing, property management, asset management, construction, rehabilitation, and due diligence. Her role at Chelsea includes financing and financial modeling of projects along with managing the closing and conversion transactions. Shannon earned a BBA in Real Estate and Marketing from the University of Wisconsin at Milwaukee.
Odu and Associates
Outside General Counsel – Transactional
With a background of representing lenders and equity investors in the financing of affordable housing and developments throughout the country, Nkechi provides advice across the spectrum of Chelsea’s operations and is closely involved with closing new transactions, conversions, and other transactional matters. She earned her Juris Doctor from NYU School of Law and received her BS degree from the University of Florida, where she graduated with honors.
Director of Development
Adam oversees Chelsea’s project management professionals and runs the Asset Management department, which is responsible for some 6,000 units in over 60 properties. He has 14 years of experience in affordable housing development, most recently as Vice President of Asset Management with Vitus Group, where he managed the design and construction of over 30 acquisition-rehabilitation projects financed with a mix of tax-exempt bonds, low income housing tax credits and HUD and USDA RD loan proceeds. Adam earned a BS in Business with an emphasis in Finance from the University of Florida, where he graduated with honors.
Chief Financial Officer
Tim has over 25 years of professional accounting experience and oversees the fiscal reporting activities and development of financial and tax strategies for both Chelsea and Emmerson. He obtained his CPA while working with Ernst & Young and PricewaterhouseCoopers and holds a Certified Construction Industry Financial Professional designation. Tim has been involved in over 300 communities during all stages of development, construction and property management. He earned a BS in Accounting from San Diego State University.
Bucksbaum Law Group
Outside General Counsel – Corporate
Deborah and her law firm advise Chelsea on corporate and business matters, land acquisitions, partnership transactions, and insurance and risk management issues. Deborah has over 25 years of experience in corporate legal matters, and her firm’s counsel helps Chelsea and its affiliates maintain high standards in development and operation of its affordable housing projects. Deborah earned her Juris Doctor from Georgetown University Law Center and received her B.A. degree, with honors, from University of California, Santa Barbara.
Director of Acquisitions
An accomplished real estate and development professional, Robert G. “Buddy” Bohrer has more than 27 years of industry experience, with a particular emphasis on land acquisition, financial underwriting and entitlement for both residential and commercial development. As Chelsea’s Director of Acquisitions, he oversees all phases of new project sourcing, from deal origination and structuring through entitlement.
His professional achievements and affiliations include positions on the Boards of the Building Industry Association, HomeAid America and the San Marcos Boys and Girls Club. He also sits on the University of San Diego’s Real Estate Advisory Committee.
Buddy holds a bachelor’s degree from the University of Southern California and a Master of Business Administration from the University of San Diego.
Senior Project Finance Manager
Mariana has over 10 years of experience in residential and commercial real estate finance, analysis, underwriting, risk management and portfolio finance management. Her overall scope as Senior Project Finance Manager is to propose financing structures that are feasible and strategically sound. Mariana holds an MBA in finance and entrepreneurship and a bachelor’s degree in communications from University of Oregon.