Wednesday, September 09, 2009
SC State will host executive speaker Chauncey Mayfield, president and CEO of MayfieldGentry Realty Advisors, LLC of Detroit, Mich., on Wednesday, Sept. 9, 2009 at noon in the Belcher Hall fourth floor auditorium. Mayfield’s topic will be "Building Equity through Commercial and Retail Real Estate Investments."
Mayfield has been the primary visionary, strategist, and architect of MayfieldGentry Realty Advisors, LLC from inception, to date, with over $1 billion in assets under management. As MayfieldGentry’s founder and creator, Mayfield is an innate entrepreneur, well prepared for the real estate investment arena from his previous entrepreneurial, public and private sector experiences. His expertise in value-added real estate investment reflects more than 25 years of residential, office and industrial development, construction and management experience.
Under Mayfield’s leadership, MayfieldGentry has developed an outstanding track record with public pension funds and plan sponsors that has resulted in phenomenal growth of its portfolio of assets in both urban and suburban markets. Currently, MayfieldGentry has a national portfolio of commercial properties, including institutional quality office, light industrial, multi-family and retail properties located in some of the best real estate markets in the country including California, Florida, Nevada, Virginia, Michigan, North Carolina and Arizona.
MayfieldGentry has made these accomplishments with its highly experienced staff of professionals, who collectively have over 200 years of experience providing real estate, legal, construction, financial and marketing expertise for institutional and Fortune 500 clientele. The Firm’s collective efforts have earned its ranking among the Top 100 real estate advisory firms in the United States by Pension and Investments Magazine. In addition, the firm is listed on Black Enterprise Magazine’s B.E. 100 as the fourth largest African American owned private equity firm in the United States.
Mayfield formerly served as president and chief executive officer of ShoreBank Development in Detroit, Mich., an affiliate of Chicago’s ShoreBank Corporation of Chicago, Ill. There, he was responsible for the management and direction of a start-up real estate development firm founded to create large scale residential and commercial development projects, attract institutional capital and abate long standing erosion of depressed market values in an investment area. In this capacity, he developed over 686 residential units valued at $68.6 million, delivered a 44 percent return on investment on commercial rehabilitation projects and led his strategic planning team in the development of a corporate wide plan that successfully competed in domestic and international expansion markets, generating incremental revenue for ShoreBank.
Mayfield previously served as deputy director of Economic Development for the City of Boston’s Economic Development and Industrial Corporation where he directed management and development of the agency’s three industrial parks. With a combined value in excess $300 million, the parks included 3 million square feet of mixed use office and light manufacturing space and 200 acres of land.
Mayfield also served as the director of the Boston Industrial Development Financing Authority. As director, he was responsible for closings in excess of $1 billion dollars in taxable and tax-exempt-bond transactions.
In a related role, Mayfield served as director of Real Estate Development for Davenport Associates, LLC, a Boston-based regional housing developer of high-end single-family homes. In this position, he developed residential projects valued at $100 million.
Mayfield has taught real estate development and finance at the expert and novice levels for Lesley College, Pratt Institute and the Boston Center for Adult Education. He has also taught development and finance seminars for the City of Detroit’s Planning & Development Department. Mayfield holds a bachelor’s degree from Tuskegee Institute and a M.B.A. with an emphasis on real estate and finance, from Harvard University’s Graduate School of Business Administration.