Stephen M. Chapman, Principal Partner Stephen M. Chapman founded Heritage Associates in 1978, which later became SMC Partners and SMC Management Corporation. Three decades later, Steve continues to lead the acquisition, development, management and sales of investment properties on behalf of his investors.
Steve has 33 years of active involvement in the development and management of residential and commercial properties in the Greater Boston Area. As the founder and Managing Partner of SMC Management Corporation and its affiliates, Steve has owned and operated over 8,000 residential apartments and 500,000 square feet of commercial space in over 40 individual private partnerships.
With an undergraduate and a Master’s degree from the Massachusetts Institute of Technology, Steve’s graduate research focused on econometrics as applied to the commercial construction industry. Initially employed by Stone & Webster Engineering Corporation as a construction engineer, he was involved in the planning and construction of four major power plant projects in the United States. Relative to this effort, Steve was involved in the development and application of Stone and Webster’s Construction Management System (CMS), their computerized cost and schedule monitoring system. Steve founded SMC Management Corporation to acquire, develop and manage investment properties on behalf of a group of select investors. As the Managing Partner of SMC Management Corporation, Steve has successfully revitalized many multifamily properties in the Greater Boston and Southern New Hampshire Area. Initial opportunistic acquisitions made during the late 1970’s and early 1980’s were brought about by a period of high interest rates, high oil prices, and high property taxes. Many other opportunistic acquisitions through present day have come from bank foreclosures where prior owners had been unsuccessful in properly managing and maintaining existing properties as well as funding the excessive costs of permitting and construction for development properties.
John H. Halvorsen, Partner
In 1985 John joined forces with Steve Chapman and has been instrumental in the acquisition and development of SMC’s projects. John is an attorney and Registered Professional Engineer with over 34 years of experience in all aspects of real estate law including conveyance, construction and development. John serves as General Counsel to SMC and frequently appears before planning, zoning and other administrative boards involved with permitting and land use matters.
John is admitted to practice in the states of New Hampshire, New York, Massachusetts, Maine, Pennsylvania, Illinois and the United States First Circuit Court of Appeals. After graduation from college, John worked for several consulting engineering firms and contractors on large public works projects. In 1975 John became president and co-owner of a Chicago based engineering firm working with state and local governments, regulatory agencies, consulting engineers and contractors throughout the United States. His firm developed and administering construction plans and specifications in compliance with USEPA mandated bidding and technical specifications. John also gained extensive experience in all aspects of public works construction contracts. As a complement to his engineering practice, during this period John also served as Managing Partner of Halvorsen & Lundeen, a real estate law firm located in suburban Chicago.
Michael Prakken Advisor – Capital Markets
Mike is a senior advisor and capital markets broker for SMC, underwriting, advising and arranging construction and permanent bank financing for SMC’s projects. Mike is a Senior Vice President at CBRE Capital Markets’ Boston office. During his 30-plus-year commercial real estate career, Mike has completed more than $10 billion in financings and capital market transactions for various types of real estate properties. Mike joined CBRE Capital Markets in 1994. Currently, he is responsible for production in the New England market for all asset categories. In this capacity,
Mike services clients through loan originations, closings and loan servicing. Mike is an active member of the Structured Finance Team specializing in combined debt and equity placements as well as the Multifamily Housing Group. Since joining CBRE Capital Markets, Mike has originated over $6.0 billion in new mortgage debt including development loans, mezzanine loans, participating debt as well as conventional fixed-rate loans. Prior to joining CBRE Capital Markets, Mike was a Senior Vice President at Fleet Bank within its commercial real estate division.
Michael B. Barrett, Director – Investor Relations
Michael works with SMC’s private investors and assists with project development. He has over thirty years of senior management, financial and transaction experience and has worked as an entrepreneur, senior manager and investment banker for real estate and operating businesses over that period. In 1981 he began his career as a property manager for a Boston Based regional developer of garden apartment complexes. In partnership with SMC, in 1983 Michael founded Briggs Associates, a commercial/industrial real estate firm with offices in Boston and New Hampshire selling and leasing commercial and industrial property and managing, leasing and selling office, R&D and industrial properties for a variety of clients including corporations, REITs, limited partnerships and private investors.
During a six year period, he transacted over one million square feet of leases and over $100 million in sales. In 1990 he founded VWRM, an integrated solid waste management and recycling company. Over a period of seven years Michael acquired nine companies and in 1997 merged VWRM with Casella Waste Systems, Inc. (CWST) as part of Casella’s IPO strategy. In 1997 he founded Briggs Capital, Inc., an investment banking firm specializing in private equity placement, mergers and acquisitions and has executed over one hundred twenty five investment banking transactions involving mergers, acquisitions and equity financings totaling over $500 million. Michael maintains relationships with a diverse cross-section of private investors, industry executives and investment advisory firms throughout the country.
Sharon Breighner Asset Manager and Regional Property Manager
As Senior Portfolio Manager, Sharon is responsible for the overall management of approximately 1,200 residential units in the New England region as well as 80,000 SF of commercial space in downtown Boston and the surrounding area. Sharon has over 25 years of property management and senior marketing experience in the industry. Additionally she has worked as an entrepreneur operating an event planning and catering business during that period. After earning her degree in Business Finance and Marketing from Johnson and Wales University, Sharon began her career in the property management industry with The Flatley Company.
After managing several of the companies’ properties throughout New England she went on to work with Winn Management Company as Marketing and Training Coordinator, assisting in creating and implementing a company-wide training program for over 500 employees. During that time she also acted as property manager for several stabilized properties in the portfolio as well as leading the lease-up phase for new acquisitions. In addition to the New England market, she has managed portfolios in the Maryland and Washington, D.C region. Sharon brings expertise in lease up strategies, assisting stabilized properties in achieving high occupancy rates and implementing company-wide employee training in areas of marketing, fair housing and customer service.
Robert C. Simonds Director – Capital Projects
Robert has over 30 years of construction experience and is responsible for the successful planning, negotiating, and construction of SMC Management’s new projects, as well as reinvestment and capital projects involving SMC’s existing portfolio. Bob began his career in construction working as a laborer for his family’s construction company, and quickly advanced to supervisor, then learned estimating, and project management from his father. After graduating with a bachelor’s degree in Civil Engineering from Wentworth Institute of Technology in 1981, Bob moved to Denver where he obtained a position at the Arapahoe County Highways & Engineering Department. In 1984 Bob returned east to become the third generation owner of his family’s construction company, and grew the organization to over 60 employees, working in ME, NH, MA & VT. In the late 1990’s Bob accepted the position of Sr. Project Manager for the largest retail contractor in the nation, and had responsibility for all construction North of Virginia, including a $50M regional mall in Cortland, NY. Bob has been responsible for the successful completion of a $22M + assisted living facility in Parkview, NJ and smaller projects in West Orange, NJ & Wayne, NJ ($10M/each).
Bob developed two residential subdivisions in Maine, and constructed several custom homes. As a Certified Construction Inspector, and a Certified Construction Project Manager, Bob served as the Owner’s Representative for Huttig Building Product’s main distribution facility in Hooksett, NH. Bob’s experience has included construction of a Hilton Homewood Suites, and a Residence Inn, by Marriott, and several apartment complexes in Massachusetts. Regardless of difficult challenges, Bob has always been determined to keep his projects on track, and successfully moving forward. Most recently, Bob served as Business Development, and Operations Director for one of New England’s leading multi-family contractors, where he was responsible for enhancing client relationships, overseeing operations, and looking for emerging markets.