Enterprise

Ajoy Chandra leads DevCo’s key financial functions, including Accounting, Financial Reporting, Treasury, and Corporate Finance. 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 department.

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.

Joan has 30 years of experience in Human Resources and Employment Law, spanning a variety of industries, and leads the HR and Corporate Services teams for the enterprise.  She is a strategic and personable business partner who leads by example and excels at constructing effective, scalable talent structures that increase organizational capability, enable growth, and provide an environment in which people can do their best work.  Joan is particularly adept at navigating complexity, building consensus and resolving workplace issues.  In addition, Joan has multi-state employment law experience and is a retired member of the California State Bar.

Away from work, Joan’s many interests include playing tennis, motorcycling, and traveling whenever possible.

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

Jonathan brings 19 years of experience in property management and 15 years specifically in affordable housing. Prior to joining DevCO, he served as the National Director of Regulatory Compliance and Operational Support at Mercy Housing, where he supported over 26,000 units across 21 states. His earlier experience includes working at the Sacramento Housing and Redevelopment Agency in both the Housing Choice Voucher and Public Housing 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 the financial performance of Section 42 financed assets throughout their entire life cycle. Asset Management works in direct partnership with DevCo’s affiliates, Heartland Construction, DevCo US Construction, HNN Communities and DevCo Residential Property Management, as well as third-party partners to optimize the performance of the portfolio.

Prior to joining DevCo, Kim worked for two LIHTC Developers in versatile roles in which she facilitated the financial closings of 4% LIHTC syndications (new construction and acquisition/rehabilitation projects), generated and developed relationships with new financial partners, and achievement of project 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 seven years of experience in real estate litigation, contract negotiation, and corporate law. Since December 2024, she has served as the Director of Legal Services at DevCo, where she leads the company’s legal strategy 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 2024, 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 is Director of Information Technology at DevCo Residential Group.

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.

David has 35 plus years of Finance and Accounting experience with over half of that time devoted to real estate development and management.  He divides his focus on managing and supporting staff as well as resolving some of the more complex accounting issues and opportunities that present themselves to his finance and accounting team.

In the years since joining Development Residential Group, David has supported extensive growth outside of Washington State, interfaced regularly with external 3^rd party accounting managers, implemented corporate budgeting processes and reporting as well as ran point with outside audit and tax firms during the annual audit and tax cycles.

Outside of the office, David loves to travel and explore the more remote, off beat places of Earth. From Idaho to Egypt, Bhutan to Peru, Scotland and beyond, he loves to explore the road less traveled.  He is also lucky enough to have been adopted by a pack of Siberian Huskies who pretty much book end his days with walks and occasional howling fests.

Lindsey has over 14 years of professional accounting experience in the affordable housing industry. She excels in areas of complex financial data analysis and reporting. Lindsey is also exceptionally skilled at using Yardi Systems software.

As the Company’s Property Controller, Lindsey effectively leads her outstanding team of Property Accountants by applying her expertise and critical problem-solving skills to achieve successful results. Lindsey continuously holds herself and others to be accountable, respectful, inclusive, bold, better, and to work as one team.

Outside of the office, Lindsey enjoys spending time with her family and friends, cooking, baking, and attending Seattle Sounders games.

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 has over six years of multifamily housing and commercial real estate experience. Prior to joining Devco in 2021, she worked on the lending side for commercial real estate market rate loans.

As the Underwriting Manager, Maelonni helps close refinances, sells tax credits, close bridge, construction, and permanent financing for DevCo and DevCo Preservation.

Maelonni graduated with of Bachelor of Arts in Business Administration from University of Washington with a focus in Finance (Go Huskies!).

In her free time, Maelonni enjoys spending time with her husband, daughter, and Australian Shepherd. She also loves travelling, baking, attending concerts, and crafting.

Faith Lee is the Financial Accounting Manager for DevCo Residential Group

Naomi Carrara is the Office Manager at DevCo Residential Group.