Development strength.
Capital markets depth.

R. David Kelly

Mr. Kelly has nearly 40 years of real estate and capital markets experience, including more than $50 billion in financial transactions overseen and $3.5 billion in real estate developed, including $400 million in public-private partnerships. His significant governance and strategic planning experience includes serving as Chairman of the Texas Public Finance Authority from 2002 to 2006, Chairman of the Teacher's Retirement System of Texas from 2009 to 2017, and currently as Trustee for the Dallas Police & Fire Pension System. In the private sector, Mr. Kelly is a lead independent director of TCW Direct Lending, a director of The Invesco REIT, and director of Ashton Woods Homes. He holds an MBA from Stanford and a BA in Economics from Harvard, where he was a John Harvard Scholar.

Charles "Stan" Waterhouse

Mr. Waterhouse has four decades of executive leadership experience across hospitality, senior living, affordable housing, and real estate — leading over $1 billion in public-private partnerships for housing developments across Texas and the Sunbelt. He provides strategic guidance to senior living and affordable housing providers and was formerly the President, CEO, and Vice-Chairman of Senior Quality Lifestyles Corporation, a $1 billion senior living organization. Mr. Waterhouse previously held executive leadership roles at ClubCorp, Ginn Resorts, and The Ritz-Carlton Hotel Company, where he played a pivotal role in revenue growth and operational excellence. He holds an MBA from Wake Forest and a BBA in Finance from the University of Texas.

J. Harlan Foster

Mr. Foster is the CEO and founder of Crown Group, an international hospitality company employing over 1,000 people through its affiliates. He has spent more than 25 years developing significant properties across nine countries spanning a wide range of development types. In addition, Mr. Foster also founded several significant operating businesses, including hotels and integrated resort properties, as well as a prominent oilfield technology and solutions business with locations throughout North America. Earlier in his career, Mr. Foster served as Vice President of a Dallas-based buy-out firm where he evaluated and managed numerous investments across a variety of sectors. He holds an MBA from SMU and a BBA in Finance from the University of Alabama, where he also served as president of the student body.

Michael J. Lessel

Mr. Lessel has nearly 40 years of comprehensive development, construction, brokerage, and asset management experience, and he supervises many of CDG's development and operational activities. His previous roles included developing Frito-Lay's national build-to-suit industrial development program and representing major corporations such as The Walt Disney Company and PepsiCo in more than 400 commercial/industrial transactions. He was also responsible for domestic and international development and construction activities at Cushman Realty Corporation, now known as Cushman & Wakefield. A veteran of the U.S. Army Corps of Engineers, Lessel served as the senior military social aide to President and Mrs. Ronald Reagan for three years. He holds an MBA from Stanford University and BS in Engineering and Economics from the U.S. Military Academy at West Point.

Mark H. Stisser

Mark Stisser is managing partner of Tur Partners, a global investment advisory firm founded by the Honorable Richard M. Daley, Chicago's longest-serving mayor and son of the Honorable Richard J. Daley. Tur provides strategic advisory services, secures financing, and guides investment strategies for cities, corporations, institutions and high-net-worth individuals worldwide. Mark is a seasoned management and operations strategist with nearly 30 years of experience in financial services, private equity, capital formation, turnarounds, and corporate restructuring. He is a senior advisor to multiple asset managers, private equity firms, investment banks, and venture capital funds. His investment and operational expertise spans various industries, including real estate development, asset management, consumer packaged goods, e-commerce, fintech, healthcare, insurance, logistics, retail, and telecommunications. He holds an MBA from the University of Chicago and a BA in Economics from Wake Forest University.

More than 180 years of combined experience in real estate development, capital markets, and public-private partnerships — with tens of billions of dollars developed, invested, and managed.