Board of Managers

A team with the experience to guide and the vision to lead.

The business and affairs of the Company are directed, managed and controlled by our Board of Managers, which currently consists of the following seven people:

Daniel C. Van Epp, Non-Executive Chairman of Board of ManagersMr. Van Epp has served as Non-Executive Chairman of Holdings’ Board of Managers since January 2012 and, from September to December 2011, was our interim Chief Executive Officer. Mr. Van Epp also is Executive Vice President, Capital Markets and Acquisitions and Chief Investment Officer of Newland Real Estate Group, LLC, a diversified real estate management and development company specializing in MPCs. In those roles, he provides strategic and operational consultation to the Chairman of Newland, while also leading the company’s efforts in capital markets and acquisitions. Mr. Van Epp previously served as Chief Operating Officer of Newland and President of its Mountain Region beginning in 2005. Mr. Van Epp has more than three decades of experience in real estate entity management and leadership, most recently as owner of The Van Epp Companies, a Nevada company which provides consulting services in the real estate development arena. From 1995 until 2004, he was Senior Vice President of The Rouse Company and President of its affiliate, The Howard Hughes Corporation, where he was responsible for the planning, development and production of residential, retail and office projects totaling millions of square feet. While at the Hughes Corporation, he led the development of its flagship community, Summerlin, in Las Vegas. Mr. Van Epp holds a bachelor’s degree in building construction from Virginia Tech.


Gregory D. Ethridge, Member of Board of ManagersMr. Ethridge is a Partner at MatlinPatterson Global Advisers LLC and joined the firm in January 2009. MatlinPatterson Global Advisers LLC is the investment manager of MatlinPatterson Global Opportunities Partners III L.P., one of our principal equity holders. Prior to joining MatlinPatterson Global Advisers LLC, Mr. Ethridge was a Principal in the Restructuring Group at Broadpoint Capital Inc. (subsequently renamed Gleacher & Company, Inc.), an investment banking firm. He started his career in crisis management at Conway, Del Genio, Gries & Co. in New York advising companies in Chapter 11. In 2001, he joined the Recapitalizaton and Restructuring Group at Jefferies & Company, Inc., where he executed corporate restructurings and leveraged finance transactions until 2005 when he joined Parallel Investment Partners LP (formerly part of Saunders, Karp and Megrue) as a principal investor executing recapitalizations, buyouts and growth capital investments in middle market companies. In 2006, he was one of two founding members of the New York corporate finance restructuring practice for Imperial Capital LLC. Mr. Ethridge graduated from the University of Texas at Austin where he received a bachelor’s degree in business administration and a master’s degree in accounting.


Soo Y. Kim, Member of Board of ManagersMs. Kim is a Portfolio Manager at Anchorage Capital Group, L.L.C., where she is responsible for the firm’s US Real Estate, CLO and CBO businesses.  Anchorage Capital Group is one of our principal equity holders. Prior to joining Anchorage Capital Group in 2009, Ms. Kim worked at Goldman Sachs, most recently as a Vice President in the Americas Special Situations Group where she was one of the industry heads responsible for the Group’s $3 billion public investment portfolio. Ms. Kim joined Goldman Sachs in 2001 into its Principal Investment Area and was a member of the investment team in the Distressed Debt Principal Investing Group where she invested in capital structure of stressed or distressed companies in a broad range of industries. Ms. Kim received a bachelor’s degree in chemical engineering and management science from the Massachusetts Institute of Technology and a master’s degree in business administration from the Wharton School at the University of Pennsylvania.


Peter Schoels, Member of Board of ManagersMr. Schoels is the Managing Partner at MatlinPatterson Global Advisers LLC. MatlinPatterson Global Advisers LLC is the investment manager of MatlinPatterson Global Opportunities Partners III L.P., one of our principal equity holders. Prior to joining MatlinPatterson Global Advisers LLC in July 2002, Mr. Schoels was a member of Credit Suisse’s Distressed Group, which he joined in 2001. From 2000 to 2001, Mr. Schoels was Director of Finance and Strategy for Tradeledger and Knowledge Platform, application service providers focused on systems integration and content management, respectively, both subsidiaries of Itim Group Plc. From 1998 to 2000, he was Manager of Mergers and Acquisitions for Ispat International NV, the fourth largest steel company in the world, specializing in buying distressed steel assets in emerging markets. Mr. Schoels holds a master’s degree in business administration from United Business Institutes in Brussels, Belgium, and a bachelor’s degree in international business from Eckerd College in St. Petersburg, Florida.


Thomas K. Sittema, Member of Board of ManagersMr. Sittema is chief executive officer of CNL Financial Group, a leading private investment firm that provides global real estate and alternative investments. Sittema joined CNL in 2009 and assumed the CEO position in January of 2011. He leads a team that advises four real estate funds and a business development company. Since its inception in 1973, CNL Financial and its affiliates have formed or acquired companies with more than $26 billion in assets. Prior to joining CNL Financial, Mr. Sittema was managing director of real estate, gaming and lodging investment banking for Bank of America Merrill Lynch serving in numerous capacities, including sector head of REITS and lodging. Mr. Sittema led more than $20 billion in M&A transactions, $5 billion in equity offerings and more than $35 billion in debt transactions. Mr. Sittema’s career has also included real estate financing and management of the Dallas real estate office for Bank of America and its predecessors. In 2007, he was named one of the "Seven Investment Bankers Every Director Should Know" by Corporate Board Member Magazine. Mr. Sittema earned a bachelor’s degree in business administration at Dordt College and MBA in finance from Indiana University.


Todd W. Mansfield, Member of Board of Managers and President, Chief Executive Officer of Crescent Communities