The Donaldson Group’s Executive Leadership

Walter R. Donaldson

Chairman Principal of TDG Capital Partners, LLC

Mr. Walter R. Donaldson is Chairman of The Donaldson Group, LLC (TDG), and a Principal of TDG Capital Partners, LLC. Over his career, Walt has managed over 250 multifamily communities comprising over 90,000 units, has opened and leased-up 40 multifamily communities comprising over 11,500 units and has renovated over 80 communities comprising over 30,000 units. Walt is also a Partner in TDG/SilveRock, LLC, a full service commercial real estate firm focused on office and retail acquisitions and dispositions, leasing, property and asset management, investment sales, debt financing and project management.

Walt is a Certified Property Manager® with over 45 years of experience in the commercial investment, real estate and property management industries. Walt is currently a member and active fellow in the Property Management Association of Maryland, District of Columbia and Virginia (PMA®) where he has held numerous offices and committee chairmanships, including having served as President. As a member of PMA®, Walt founded the PM Expo, which is a leading industry trade show and has received numerous awards and commendations from PMA®, including the Alvin L. Sussman Award for Distinguished Service and Property Manager of the Year. Walt is also currently a member of the Institute of Real Estate Management (IREM®) where he has held numerous offices and committee chairmanships, including having served as President of the Maryland Chapter 92 and has received numerous awards and commendations from IREM®, including the Hughes Award for Distinguished Service in 1979.

Prior to forming The Donaldson Group in 1998, Walt was the Executive Vice President, Director of Commercial Property Management and Director of Acquisitions at Grady Management, Inc. During his five year tenure at Grady, Walt made significant contributions to Grady’s commercial management and leasing operations, new property acquisition efforts and the restructuring, refinancing and repositioning of numerous assets in the Grady portfolio. Prior to that, Walt was the Executive Vice President and Director of Property Management at Dreyfuss Brothers, Inc.

During his over two decades at Dreyfuss, Walt served in virtually every conceivable capacity, starting in 1970 as Assistant Property Manager and culminating as Senior Vice President and Director of Property Management. During his time at Dreyfuss, Walt was instrumental in growing Dreyfuss’ portfolio from 2,500 units in 1970 to 32,500 units in 1990. Walt returned to Dreyfuss in 1996, following his five year tenure at Grady Management, whereupon he served as Executive Vice President and Director of Property Management.

Carlton E. Einsel

Chief Executive Officer Principal of TDG Capital Partners, LLC

Mr. Carlton E. Einsel is Chief Executive Officer of The Donaldson Group, LLC (TDG) and a Principal of TDG Capital Partners, LLC. In this capacity, Carl oversees all operating companies of The Donaldson Group and leads The Donaldson Group’s executive team in furthering TDG’s vision, mission and values. Carl also oversees the acquisition, financing and disposition program of TDG Capital Partners and assists TDG’s clients with their acquisitions, financings and dispositions. Carl’s experience includes multifamily acquisitions in excess of $1.75 billion, dispositions of over $1.25 billion, recapitalizations in excess of $350 million and assisting in management takeover of over 30,000 multifamily units. Carl is also a Partner in TDG/SilveRock, LLC, a full service commercial real estate firm focused on office and retail acquisitions and dispositions, leasing, property and asset management, investment sales, debt financing and project management.

Carl is a 1989 graduate of Fordham University, where he graduated first in his class and received a commission as a Second Lieutenant into the United States Army, and a 1992 graduate of New York University School of Law, where he was an Associate Editor of the Law Review.

Upon graduating law school, Carl was accepted into the U.S. Army’s Honors Program where he served as Assistant Counsel for Fiscal and International Law in the U.S. Army Corps of Engineers, advising clients regarding the application of federal appropriations law and authorizing legislation to military and Army civil works programs worldwide. When Carl’s service in the U.S. Army was completed, he accepted an associate position at the law firm of Cadwalader, Wickersham & Taft in New York where he advised clients on a wide range of securities, commodities and over-the-counter (OTC) derivatives matters, including regulatory and compliance issues and related transactional work.

Prior to joining The Donaldson Group in early 2003, Carl was Vice President in Morgan Stanley’s Structured Credit Products Group in New York, where he was responsible for the execution of all synthetic credit product transactions (transactions which combined credit derivative and securitization technologies). In this capacity, Carl assisted in the structuring, negotiation and documentation of, among other products, static and managed synthetic collateralized debt obligations (CDOs), single name and basket credit linked notes, unfunded credit default portfolio swaps, bond strippings and asset repackagings.

Scott Altman

President

Mr. Scott Altman is President of The Donaldson Group, LLC (TDG). As President, Scott directs The Donaldson Group’s day to day operations, including leading TDG’s Property Management and Operations divisions and overseeing all property, asset and financial management services provided to The Donaldson Group’s clients.

In addition, Scott oversees and directs all aspects of The Donaldson Group’s construction management business. Scott also serves as an integral part of the TDG Capital Partners acquisition team and directs all due diligence efforts on behalf of The Donaldson Group, its affiliates, and its clients.

Scott is both a Certified Property Manager (CPM®) and a Certified Commercial Investment Member (CCIM®), and is also a member of the Institute of Real Estate Management (IREM®) and the Property Management Association of Greater Washington (PMA®). He holds a Bachelor of Science degree from Old Dominion University in Virginia, and a Master of Science degree from Virginia Commonwealth University.
Prior to becoming President, Scott served The Donaldson Group as Executive Vice President, Senior Vice President of Asset Management, Senior Vice President and Director of Property and Construction Management, Senior Vice President and Director of Acquisitions and Construction Management, Director of Property Management and Regional Property Manager.

In his varied roles over the years, Scott developed and implemented numerous new policies and procedures, carefully rolling out innovative systems and processes to maximize The Donaldson Group’s management efforts at both the corporate and the site levels. To date, he has managed over 30,000 apartment units and over 700,000 square feet of Class A office space as well as being responsible for directing over $350,000,000 of renovation work at properties owned and/or managed by The Donaldson Group.

Prior to joining The Donaldson Group, Scott was a Commercial Property Manager and Assistant Property Manager for Park Center Management in Alexandria, Virginia.

Sylviane H. Nguyen

Chief Financial Officer

Ms. Sylviane H. Nguyen is Chief Financial Officer of The Donaldson Group, LLC (TDG). In this capacity, Sylviane oversees and directs both corporate and property financial management and accounting operations as well as leading the implementation of innovations in business systems and financial infrastructure. Sylviane also serves as an integral part of The Donaldson Group management team and TDG Capital Partners acquisition team.

Sylviane brings over 25 years of business and financial accounting experience, with a primary focus in the multi-family real estate industry. Prior to becoming Chief Financial Officer, Sylviane served as Controller of The Donaldson Group and Vice President of TDG Financial, a full service accounting and financial management firm with particular emphasis on the commercial investment real estate industry. Sylviane leads a team responsible for all aspects of the day-to-day financial management and accounting operations, to include cash management, treasury services, and financial reporting. Over her career, Sylviane has developed and executed numerous strategic plans and budgets for both internal and external client business development initiatives and has directed many successful application systems developments and integrations. These developments and integrations have streamlined procedures and enhanced controls to both TDG operating, financial management and accounting processes and have provided our clients with real-time financial reporting in, among other areas, construction cost accounting, accounts payable automation, payment solutions, and cash flow projections. Sylviane also oversees the full audit process working with both internal and external auditors, to include review of audit drafts and related disclosures.

Previously, Sylviane held key management positions at Horning Brothers, Edgewood Management Corporation, and Westwood Management Corporation where she directed both corporate and property accounting operations, including financial reporting for management operations of over 24,000 residential units and 1.8 million square feet office buildings. Sylviane also oversaw the cash management portfolios of over $300 million in investments. One of Sylviane’s key accomplishments at this time was the design of intricate financial models to facilitate and automate financial reporting to HUD, local housing authorities, as well as third party business partners.

Prior to returning to property management, Sylviane was Manager/Senior Financial Analyst of Lockheed Martin Corporation/Lockheed Martin Energy Technology where she was responsible for both domestic and international financial analysis and reporting to include “what if” financial modeling, financial planning, and cash flow projection. One of her key accomplishment at Lockheed Martin was to define and adopt financial policies to improve efficiency in recording over $1 billion in year-end equity earnings.

Sylviane holds a bachelor’s degree in accounting from the Robert H. Smith School of Business, University of Maryland. She also is a Certified Public Accountant, member of American Institute of Certified Public Accountants (AICPA), Chartered Global Management Accountant (CGMA), and Maryland Association of Certified Public Accountants (MACPA).

Jennifer Casey

Senior Vice President of Asset Management

Ms. Jennifer Casey is Senior Vice President of Asset Management at The Donaldson Group, LLC (TDG). In this capacity, she oversees TDG’s Asset Management division, focusing on the management and expansion of TDG’s investment portfolio. In addition to Asset Management functions, she also directs real-estate services and property managements supporting departments.

Jennifer holds her Accredited Residential Manager designation through the Institute of Real Estate Management (IREM), is a Licensed Property Manager in the District of Columbia and is National Compliance Professional Certified. She is a member of both IREM and the Property Management Association (PMA) of Maryland where she serves as an active committee member and committee co-chair.

Jennifer began her career in 1995 as a Property Manager and since then has managed a total of 65 multifamily properties, comprised of over 25,000 units including garden style, high-rise, townhome and mixed use. Her experience covers conventional as well as tax credit properties, both owner and third party managed. She has a robust record of success in repositioning distressed assets, having directly managed and rehabilitated 24 properties.

Prior to joining The Donaldson Group in 2013 as Vice President of Operations, Jennifer was a Regional Manager for Harbor Group Management where she distinguished herself by innovatively designing and executing a consistent portfolio wide platform for Operations which enhanced property and company processes and procedures. Prior to her tenure with Harbor Group, she held managerial positions with Fairfield Residential, Sunrise Management and Harrison & Lear, where her focus was due diligence and acquisitions, training and employee development, formulating and implementing strategic business plans for business practices, comprehensive program analysis, and systems implementations in addition to her direct management of properties and portfolios.

Susan Toland

Senior Vice President of Property Management

Ms. Susan Toland is Senior Vice President of Property Management at The Donaldson Group, LLC.  In this capacity, Susan oversees and directs all aspects of The Donaldson Group’s property management business and operations. She is also responsible for developing and implementing policies and procedures for The Donaldson Group.

Susan is a native of Princes George’s County Maryland and graduate of Suitland High School.  She studied Sociology at the University of Maryland College Park and held a position as a Transitional Housing Specialist for the Department of Defense at Joint Base Andrews before embarking on her Property Management career in 1978.  She has over 40 years of on-site and corporate level property management experience and is currently a CPM Candidate, holds her Accredited Resident Manager Designation, Certified Apartment Manager Certification, as well her Tax Credit Compliance Certification.

Since joining The Donaldson Group in 2003, Susan has served as a Regional Property Manager, Director of Acquisitions and Dispositions, and Vice President prior to assuming the role of Senior Vice President.  During her tenure she has played an integral part of training and development of other employees at The Donaldson Group and her specialties include acquisition and stabilization of underperforming assets, as well as repositioning assets for sale. Susan has managed over 8000 units in her portfolio as a Regional Manager and as many as 1200 at a single site level.  She has assisted with the acquisition and disposition of approximately 15,000 units, including garden style, mid-rise, high-rise, townhome, retail, and mixed use assets during her tenure at The Donaldson Group.   Susan has experience in both affordable and conventional housing.

Prior to joining The Donaldson Group in 2003, she was employed by Dreyfuss Brothers of Bethesda Maryland and AIMCO, a national REIT in the capacity of Property Manager. She was awarded Property Manager of the Year by both organizations and received Employee of the Year in 2007 at The Donaldson Group.   Currently she is an active member of Institute of Real Estate Management (IREM) Chapter 92 and the Property Management Association (PMA).

Angelique Wheelock, Ph.D.

Senior Vice President of Operations

Dr. Angelique Wheelock is Senior Vice President of Operations at The Donaldson Group, LLC (TDG). In her role, Angelique is responsible for the management and oversight of TDG’s programs, policies, and procedures as well as facilitating strategic planning. She supports the company’s Mission and Vision by fostering best practices and ensuring all employees have the resources they need to consistently deliver on commitments. Angelique also leads the Training and Safety Department, serves as the sponsor for the TDG Cares Committee, and works closely with the Human Resources Department on employee engagement and accountability initiatives.

After spending her 20s in Greensboro, NC earning a BA in Geology, a BA and MA in English, and 10+ years of restaurant management experience Angelique came to Maryland to obtain her doctoral degree at the University of Maryland-College Park where she also worked as an Adjunct Professor of English. In 2005, while writing her Ph.D. dissertation, Angelique began working for Walt Donaldson at TDG’s corporate office and embraced the property management industry.

In her 14-year tenure with TDG, Angelique has served as an Executive Assistant, Office Manager, Business Manager, Director of Strategic Analysis & Sustainability, and Executive Director, Manager of Training & Safety before assuming the role of Senior Vice President of Operations in 2019. Her experiences in other service industries and academia have helped her to develop and implement key TDG initiatives in business areas including: customer service, employee coaching, risk management, sustainability, and employee safety and engagement.

She is a member of IREM, the Property Management Association (PMA), Society for Human Resource Management (SHRM) and the Association of Talent Development (ATD), and holds an OSHA-30 certification as well as Facilitator Certifications in Integrity Service and Integrity Coaching.

John Majeski

Senior Vice President of Acquisitions and Business Development

Mr. John Majeski is Senior Vice President of Acquisitions and Business Development at The Donaldson Group, LLC (TDG). In his role as SVP of Acquisitions and Business Development, John is responsible for the acquisition, financing and disposition of TDG’s principal transactions, assisting TDG management clients with acquisitions and development of new client relationships, including both additional equity partner relationships and third party management relationships.

John has over 20 years of multifamily real estate experience and has been involved in acquisitions, asset management and dispositions throughout his career. John has overseen over 200 properties consisting of over 30,000 units and has been involved in over $1.5 billion of multifamily transactions.  He is a graduate of James Madison University, where he received a Bachelor of Business Administration majoring in Management.

Prior to becoming Senior Vice President at The Donaldson Group, John was Principal of Majeski Group LLC where he provided multifamily consulting services for both market rate and affordable housing. Before that, he served as Vice President at AIMCO Capital, where he managed AIMCO’s Washington, DC office handling potential acquisitions, asset management, and dispositions for a portfolio of over 150 properties. John has held positions at Apollo Housing Capital, JER Hudson Housing Capital and National Corporation for Housing Partnerships (NHP) where he focused on acquisitions and underwriting, asset management and dispositions.