Since 1972 Larry D. Silver has led Silver Companies to becoming a highly successful real estate investment and development organization. Under Larry’s strong leadership and entrepreneurial spirit, the organization has transitioned from a local commercial real estate development company to a national investment and development organization recognized for its innovative, multi-dimensional approach to real estate investment and development.
Corporate Headquarters, Boca Raton, FL
Jesse A. Holshouser | Chief Financial Officer
Jesse Holshouser joined Silver Companies as Chief Financial Officer in January, 2003. His responsibilities include corporate and project financing, asset management, due diligence, risk management and accounting and reporting.
During his 40-year career in corporate and real estate finance, Jesse has specialized in real estate financing, development, investment, acquisitions and operations, deal structuring, market research, financial modeling, strategic planning, and risk management. He was an advisor to Jack Nicklaus immediately prior to joining Silver Companies. Prior to that he was the Chief Financial Officer of the PGA of America for 11 years where he also served as Managing Director of its golf course development, licensing and management group. Prior to the PGA, Jesse was the Chief Financial Officer of a real estate investment banking firm for four years, a management consultant with Price Waterhouse for five years and a real estate appraiser and analyst with a savings and loan for four years. Jesse earned an MBA with distinction from the University of Michigan in 1978 and earned a B.B.A. in real estate from Florida Atlantic University in 1975.
Mark Ambach | President Silver Capital Development Company
As President of Silver Capital Development Company, Mark is responsible for overseeing the development of our memory care assisted living facilities and our apartment communities. Mark’s responsibilities include evaluating acquisition opportunities, obtaining entitlements, hiring and monitoring contractors and completing projects on schedule and within budget. Ambach has more than 20 years of real estate development experience.
Prior to joining Silver, Ambach headed his own company -- Ambach Communities -- primarily dealing with acquisition, entitlement, planning and development of unimproved land in Northeast Florida. At the same time, he operated a construction company that built both commercial and residential projects. Prior to this he served as Vice President for Intervest Company, managing communities and overseeing development projects. The first 12 years of his career, Ambach worked for Arvida Corporation managing a division responsible for over $100 million in annual home sales before serving his last five years with the company as President of North Florida Operations. Ambach earned a B.S. in both Construction Management and Financial Administration at University of Florida. He also holds General Contractor and Real Estate Broker licenses in the State of Florida.
Marvin S. Bolinger | Chief Operating Officer
Over the past thirty-one years, Marvin Bolinger has been a City Manager in various localities, serving ten years as City Manager in Fredericksburg, Virginia. Marvin joined Silver Companies as Chief Operating Officer in 2003. He is responsible for the day-to-day operations of Silver Capital. Marvin received his B.S. degree in Business Administration in 1969 from East Tennessee State University and a Master’s in City Management from East Tennessee State University in 1979.
Gregg DeSantis | Executive VP – Site Acquisitions – Silver Capital Development Company
Gregg is responsible for the acquisition of sites for our memory care assisted living facilities and our apartment communities. He sources acquisition opportunities, negotiates pricing and conducts due diligence. Gregg has extensive experience in the acquisition, development and management of convenience stores. He originally joined Silver in 1988 where he managed Silver’s investment in convenience stores. Operating under the Silver Express brand, Gregg developed and franchised the stores. Following Silver’s sale of the business, Gregg was President of CFM Development Corp. Based in Wheeling WV, he developed and managed more than 40 convenience store and gasoline locations in the Ohio Valley. Gregg attended West Liberty University and was formerly a Commissioner of Brooke County, WV.
Jarad Scher | Senior Financial Analyst
Jarad joined Silver in 2008. He is responsible for analyzing investment opportunities and asset management. Prior to joining Silver Companies, Jarad was CFO of Summit Brokerage Services, an independent broker-dealer that provides a full complement of investment products and services, including traditional brokerage services, fee-based products, and annuities and other insurance-related products. Prior to that he worked in public accounting for two years where he served clients involved in real estate construction and development. Jarad also worked as a Controller for a property management firm. Jarad earned his M.B.A. in Real Estate Development from Nova Southeastern University and a B.B.A. with a concentration in accounting from James Madison University. Jarad became a CPA in 2012.
Tim Bostrom | VP, Multi-Family Asset Management
Tim oversees our multi-family communities and related new properties nationally. He brings 20+ years of experience and expertise in the real estate industry and has achieved the designation of CAM and CAPS from the National Apartment Association. Tim is responsible for driving growth and revenue across our multi-family portfolio, working with the management companies and other external partners, developing strategic plans, preparing annual budgets and monitoring performance.
Prior to joining Silver, Tim worked for several property management firms where he served as both Regional Property Manager and Regional Vice President. Most recently, he achieved success driving growth across eight apartment communities comprising more than 1900 units, part of a larger national portfolio. Tim holds a BS in Residential Property Management from Virginia Tech.
Lori Axler | Director of Marketing
Lori is responsible for overseeing all on-going marketing efforts, including developing and managing digital and offline marketing strategies to support various Silver Companies’ business objectives. Lori brings 20+ years of experience to Silver Companies, working in advertising and marketing for global brands at both Manhattan advertising agencies and on the client side for Fortune 500 corporations. Most recently, Lori worked with companies to launch, grow and rebrand their businesses through her marketing consulting firm, Brand You. Lori's brand experience includes: Pulte Homes, Centex Homes, GlaxoSmithKline, Proctor & Gamble, DHL Express, Major League Baseball, United States Olympic Committee, and Rita's Italian Ices. Lori graduated from University of Pittsburgh with a B.A. in Communications and English Writing.
Metro Washington, D.C. Development Office
B. Judson Honaker | President, Commercial Development
Jud Honaker has been associated with Silver Companies for more than 25 years and now leads the Commercial Development Division. He oversees sales, leasing, construction, engineering, and property management of our commercial development projects. He has developed, leased and sold commercial projects comprising more than 4 million square feet of retail and commercial space.
Prior to joining Silver Companies, he was employed by Mary Washington Hospital. Jud is a lifelong resident of Fredericksburg and has been involved with numerous organizations. He is a member of the Fredericksburg Regional Alliance. He is a past Chairman of the Rappahannock United Way and has served on the City Industrial Development Authority. Jud Honaker is a recipient of the Jaycees Outstanding Young Virginian Award. In 2011 Virginia’s Governor appointed Jud to the Board of Visitors at the University of Mary Washington.
Edward O. Minniear, Jr. | President, Residential Development
Ed Minniear has led the Residential Division since 1978. This division acquires plans and develops residential communities and sells lots to home builders. It has developed approximately 50,000 home sites in single-family, planned unit and active adult retirement communities.
Ed is a past President of the Fredericksburg Area Builders Association and an inductee in its Hall of Fame. He has also served on the Board of Directors of the Mary Washington Hospital Foundation since 1989. Ed is a graduate of Purdue University with a Bachelor of Science degree in Business and Industrial Management.
Steve Jones | VP, Leasing and Sales
Steve has been involved in the real estate development business in the greater Fredericksburg area since 1980. Steve joined The Silver Companies in October 2014 as Vice President of Leasing and Sales.
Prior to joining the Silver Companies Steve was the Chief Operating Officer of the Fried Companies, Inc., a regional residential and commercial real estate development firm located out of Fairfax County, Virginia. As COO, Steve was responsible for managing all aspects of the company’s operations and real estate portfolio while overseeing the construction and management of several operating businesses in Virginia. In 2011 Steve was promoted to President. Before joining the Fried Companies, Steve was Executive Vice President for a local developer for 22 years and worked on numerous projects in Fredericksburg, Stafford, Spotsylvania, Downtown Richmond and Hampton Roads. Steve is a proud graduate of Germanna Community College with a degree in Business Management. Through the years, Steve has generously given his time and talents to many community boards and committees including Germanna Community College’s Educational Foundation board.
Jervis C. Hairston | Vice President of Residential Division
Jervis Hairston joined the Silver Companies in 2003 after a distinguished career in urban planning and zoning administration with the city of Fredericksburg, Virginia. As Director of Planning and Community Development, he served as the city’s chief planner for 23 years. With the Silver Companies for nearly 13 years, Jervis has worked primarily with jurisdictions in the Fredericksburg region, metropolitan Washington, D.C area and in other states assisting in the planning, entitlement and permitting of residential subdivisions and mixed-use projects. More recently, Jervis has been serving as project manager for a variety of commercial and residential development projects, and in conducting research and due-diligence in the acquisition of land for future development, redevelopment, and adaptive re-use. Jervis holds a Masters Degree in City Planning from the University of Virginia, where he serves as an adjunct professor.
Philip Christopher (“Chris”) Hornung, P.E., VP Engineering and Construction
Chris Hornung oversees the design, permitting and construction for Silver’s real estate projects. Since joining Silver Companies in 1999, he has played an integral role in the engineering and construction management of numerous commercial and residential construction projects throughout the region. He was previously employed as a project manager for four years at Anderson & Associates in Blacksburg, Richmond and Fredericksburg, Virginia. Chris holds a B.S. degree in Civil Engineering from Virginia Polytechnic Institute & State University and is a licensed professional engineer in the Commonwealth.