Mr. McDowell has 48 years of experience in the real estate industry. McDowell Properties was formed in 2004 and has an investment strategy that focuses on the opportunistic acquisition of multifamily properties. McDowell Properties is also an active buyer of subordinate CMBS debt. Since inception the company has purchased over 40,000 rental units valued at over $2.75BN and has made investments in subordinate, commercial mortgage-backed securities representing $14BN of multifamily loans secured by over 200,000 units.
Mr. McDowell was a founder and partner of The Fox Group and its successor company Metric Realty, a joint venture with Metropolitan Life Insurance Company, from 1971 until 1993. Fox/Metric invested in and managed over $4 billion in real estate assets, comprising in excess of 400 individual properties located in more than 30 states. Mr. McDowell was Executive Vice President of Fox from 1975 until 1986, in charge of all acquisition, disposition and financing activities, and from 1986 until 1993, he was President and Chief Executive Officer.
Mr. McDowell has extensive experience investing and managing capital as a fiduciary for investors in public and private securities offerings and for public pension funds. While at Metric Realty, Mr. McDowell raised and managed over $1 billion in capital for more than 30 public pension plans, including CALPERS and CALSTRS. Mr. McDowell has also been the Managing Member of Limited Liability Companies which invested selectively in real estate partnership interests and has invested in tender offerings of public real estate securities.
Mr. McDowell is active in numerous industry organizations. He has served on the Advisory Committee for Troubled Projects of the U.S. Department of Housing and Urban Development, as well as the Vice Chairman of the National Multi Housing Council. He is on the Advisory Board of the Fisher Center for Real Estate at the University of California, Berkeley, a Research Sponsor for the Samuel Zell and Robert Lurie Real Estate Center at The Wharton School, a member of the Urban Land Institute, Lambda Alpha International and a Board member of the National Multi Housing Council.
Mr. McDowell has a BA from Stanford University and an MBA in Real Estate from the Graduate School of Business at the University of California, Berkeley.
BA Psychology, Minor in Economics
Haas School of Business, University of California, Berkeley
MBA in Real Estate
Fisher Center for Real Estate at the University of California, Berkeley
Lambda Alpha International
National Multi Housing Council
Samuel Zell and Robert Lurie Real Estate Center at the Wharton School
U.S. Department of Housing and Urban Development (former)
Urban Land Institute