Enterprise

Ajoy Chandra leads DevCo’s key financial functions, including Accounting, Financial Reporting, Treasury, and Financial Planning & Analysis. He is charged with maintaining the company’s internal controls and works closely with our real estate investment and development platforms. In addition, Ajoy oversees DevCo’s IT and Data Analytics teams.

Ajoy possesses upwards of twenty years of Finance experience, primarily in capital-intensive industries, beginning his career with GE Capital’s Structured Finance Group. Prior to joining DevCo, Ajoy served as Vice President of Treasury of Gemini Rosemont Commercial Real Estate, an institutionally backed private real estate platform, which during his tenure amassed a portfolio of 17 million square feet of office and retail properties.

He holds an MBA from Columbia Business School as well as a Master of International Affairs from Columbia University’s School of International and Public Affairs, where he was awarded a fellowship in Statistics. During his free time, Ajoy enjoys exploring the outdoors with his family, perfecting his pizza making skills, and repairing temperamental vintage audio equipment.

Sue is a results-driven senior level finance executive with over 25 years of progressive experience in finance and accounting. She has extensive experience in property management, residential homebuilding, commercial development and construction, multifamily housing, construction companies, land development and master planned communities.

Sue is an energetic leader who is passionate about building high performing teams and streamlining business operations in order to drive growth and increase efficiency, resulting in bottom-line profit across the organization. She is committed to building and maintaining strong partnerships and relationships to effectively meet business objectives amidst complex transactions and organizational structures.

Sue received a Bachelor of Arts in Business with an emphasis in Accounting from the University of Puget Sound.

Outside of work, Sue enjoys spending time with friends, cooking, playing golf, and hanging out with her loveable Chocolate Labrador Retrievers.

As Vice President of Human Resources, Joan Toigo is responsible for leading the company’s talent strategy, planning and operations including recruiting, employee relations, performance management & evaluation, talent development, compensation, benefits, payroll/operations, regulatory compliance and risk management.

Joan brings over 30 years of experience in Human Resources and Employment Law, spanning a variety of industries including technology, wireless, financial services and multi-state/location retail. In addition, Joan has a background in employment law and is a retired member of the California State Bar.

She earned a Bachelor of Science degree in Business Administration from California State University, Sacramento and a Juris Doctorate degree from University of the Pacific, McGeorge School of law. Joan’s certifications include the SHRM Senior Human Resources Professional designation and Thomas International & MBTI certified facilitator credential.

As Vice President of Compliance, Jonathan Messerschmidt-Rogers is responsible for overseeing audits related to Housing Finance Agencies, HUD, Investors, and other Affordable Housing programs. He manages all regulatory compliance aspects within the property management software and ensures efficient compliance operations are used. His role is critical in maintaining regulatory standards and supporting system-wide functionality.

Jonathan brings 19 years of experience in property management, with 15 years of specific experience in affordable housing. His earlier experience includes serving as the National Director of Regulatory Compliance and Operational Support at Mercy Housing, where he supported over 26,000 units across 21 states, and working at the Sacramento Housing and Redevelopment Agency in the Housing Choice Voucher, Public Housing, and LIHTC programs.

He earned a Bachelor of Arts in Psychology with a minor in Mathematics from Luther College. Jonathan is a member of the Institute of Real Estate Management and is actively working toward becoming a Certified Property Manager. He also holds multiple industry certifications, including Specialist in Housing Credit Management, Certified Occupancy Specialist, Fair Housing Compliance, and Management and Occupancy Review through NCHM and NAHMA.

Kim Spinney joined DevCo in 2024 as Director of Asset Management. The Asset Management Department oversees DevCo’s portfolio of multifamily properties nationwide. Representing DevCo as Owner, the Department is responsible for ensuring program compliance, achievement of financial milestones, maintenance of the physical asset and maximizing the performance of Section 8 and Section 42 financed assets throughout their entire life cycle. Asset Management works in direct partnership with DevCo’s affiliates, Heartland Construction, DevCo US Construction and HNN Communities, as well as national third-party property management partners to optimize the performance of the portfolio.

Prior to joining DevCo, Kim worked for two LIHTC Developers in versatile roles in which she closed on equity and debt financing for 4% LIHTC syndications (new construction and acquisition/rehabilitation projects), generated and developed relationships with new financial partners, and completed tax credit milestones, including loan Stabilization and receipt of 8609s. Kim spent the first twelve years of her career working for 3 national Tax Credit Syndicators as an Asset Manager, as well as at a rating agency overseeing a portfolio of mortgage backed securities.

Kim holds a Bachelor of Finance and Marketing from Northeastern University (Boston, MA), as well as the C3P and HCCP compliance certifications. In her spare time, she enjoys spending time outside with her husband and dog Cooper in Miami, FL.

Kaitlyn Jackson is a seasoned attorney with over eight years of experience in real estate litigation, contract negotiation, and corporate law. Before elevating to the role of VP of Litigation and Risk Management, she was the Director of Legal Services at DevCo. In her current role, she leads the company’s legal litigation strategies with a focus on regulatory compliance, risk management, and innovative legal solutions that support sustainable business growth.

Kaitlyn is licensed to practice in Washington State, the U.S. Federal Court (Western District of Washington), and the U.S. Bankruptcy Court. She is also a certified real estate instructor through the Washington State Department of Licensing. Her career has been marked by a deep specialization in residential landlord-tenant law, an area in which she has provided extensive counsel and has regularly taught at statewide continuing legal education (CLE) programs.

Prior to joining DevCo, Kaitlyn held key roles at respected law firms including Williams Kastner & Gibbs, PLLC, and Dimension Law Group, PLLC. She has advised clients ranging from property management companies to corporate partners, and has been actively involved in legislative advocacy efforts through the Rental Housing Association of Washington, where she also serves on the Board of Regents.

A frequent speaker, Kaitlyn has been recognized as a Super Lawyers Rising Star from 2021 through 2025, and was named Volunteer of the Year by RHAWA in 2021. She holds a J.D., cum laude, from Seattle University School of Law and dual B.A. degrees in Humanities and Criminal Justice from Seattle University.

Sean McGranahan has spent more than 34 years in the Information Technology industry, building a career defined by expertise, leadership, and a deep passion for technology. Over the years, he’s specialized in Data Center Management, Infrastructure, and Operations, playing a key role in keeping complex systems running smoothly and securely. Known for his hands-on approach and calm under pressure, Sean has earned a reputation as someone who can both solve tough problems and help teams work better together.

His experience spans a wide range of respected organizations across the Puget Sound region, including Safeco Insurance, Premera Blue Cross, Microsoft, Walt Disney, The Seattle Times, Sound Transit, and Ziply Fiber. At each of these companies, Sean has taken on challenges that pushed him to innovate and adapt—from managing large-scale data center migrations to leading operational transformations that improved reliability and efficiency. His ability to see the big picture while staying grounded in technical detail has made him a trusted figure in IT operations and infrastructure leadership.

Outside of work, Sean leads a full and rewarding life with his family. He and his wife share a close bond and take great pride in their daughter, who is currently attending the University of Southern Maine. When he’s not in the data center or solving technical puzzles, Sean can often be found tinkering with classic American muscle cars, bringing them back to life one bolt at a time. He’s also an avid snowmobiler, and some of his happiest moments are spent exploring the snowy backcountry of the Cascade Mountains, where he finds peace, adventure, and inspiration in the rugged beauty of the Northwest.

As Director of Marketing, Travis Gold leads the Marketing Department at DevCo Residential Group, overseeing the development and execution of comprehensive marketing strategies for DevCo, its affiliate companies, and a real estate portfolio encompassing more than 10,000 apartment homes. His team manages all aspects of advertising and promotions, brand identity, creative development, public relations, and event management.

Travis joined DevCo in 2024, bringing over 12 years of experience in commercial real estate marketing. Prior to joining DevCo, he served as Marketing Manager for a national private equity firm specializing in commercial real estate investments across strategic markets, supporting a portfolio exceeding 17 million square feet. Before that, he spent a decade as Marketing Director for a regional brokerage and third-party property management firm.

As a longtime resident of the Greater Seattle Area, Travis is an avid Seattle sports fan who enjoys cooking, golfing, running, exploring local breweries, and spending quality time with friends and family. He is happily married, has two children, and a German Shepherd pup. Travis graduated from Western Washington University in 2011.

Lindsey brings more than 19 years of professional accounting experience within the affordable housing industry. She is highly proficient in complex financial analysis and reporting, with advanced expertise in Yardi Systems.

As Property Controller, Lindsey leads a team of Property Accountants with a strong emphasis on accuracy, accountability, and operational excellence. She is known for her analytical approach, sound judgment, and commitment to fostering a collaborative, results-driven environment.

As Capital Markets Manager, Andy manages internal workflows and external relationships related to the financing of the company’s Low Income Housing Tax Credit and other multifamily investment development pipeline. This includes initiatives surrounding Devco’s typical 4% Bond investment strategy, as well as market rate and blended affordability standard housing financing.

Andy’s experience in real estate development and investing includes sourcing, underwriting, and researching value-add, core plus, and development projects. Asset types include affordable and market-rate multifamily, office, retail, flex, boutique hotels, limited-service hotels, and industrial space.

Andy has an Undergraduate Degree in Economics and Master of Science, Real Estate Degree from the University of Washington.

Maelonni Thompson joined DevCo in 2021 as the Transaction Manager for the development team and transitioned to the role of Corporate Transaction Manager in 2024. She has over a decade of experience in the commercial real estate industry. In her current position, she supports strategic corporate initiatives, manages organizational transitions, and drives process improvements designed to enhance collaboration, efficiency, and alignment with DevCo’s long term strategic goals.

Prior to joining DevCo, Maelonni worked on the Commercial Term Lending team at JPMorgan Chase and on the Capital Markets team at Marcus & Millichap. Having experience on the lender, owner, and development side has given her a well rounded perspective and strategic approach to her current position at DevCo.

Maelonni is based in the Greater Seattle area. She holds a bachelor’s degree from the University of Washington and is actively involved in volunteer work with her children’s school and local nonprofit organizations. In her free time, she enjoys traveling, baking and running. She and her husband are proud parents of two daughters and an Australian Shepherd.

As the Financial Accounting Manager, Faith oversees all development-related financial activities from acquisition through project completion. Her team is responsible for managing and improving core accounting functions, financial reporting, budget tracking, and ensuring compliance with accounting principles and regulations.

Prior to joining DevCo, Faith began her career at Dominium. Her experience in both property and development accounting has provided a well-rounded understanding of real estate finance—from ground-up development to stabilized operations. This background has equipped her with the expertise and cross-functional insight needed to manage the full financial lifecycle of active development projects.

Outside of work, Faith enjoys playing and coaching pickleball at Pure Pickleball Club in Plymouth, MN. She’s passionate about travel, making the most of Minnesota’s summer months outdoors, and spending quality time with her husband and their dog, Mango.

Naomi Carrara is the Office Manager at DevCo Residential Group.