Leadership
Board of Directors
Asset Management & Investments
Multifamily and Self-Storage Acquisitions
Multifamily Development
Self-Storage Development
Investor Relations
Industrial
Accounting
Human Resources & Legal
Banner Property Management
Leadership
Board of Directors
Asset Management & Investments
Multifamily and Self-Storage Acquisitions
Multifamily Development
Self-Storage Development
Investor Relations
Industrial
Accounting
Human Resources & Legal
Banner Property Management
Bob Flannery
CHIEF EXECUTIVE OFFICER
Bob Flannery serves as Chief Executive Officer of Banner Real Estate Group. As CEO, Bob’s focus is on the strategic growth and long-term success of Banner, while leading all aspects of its capital markets, development, acquisition, and operational activities for both the multi-family and self-storage platforms. Additionally, Bob collaborates closely with the Board of Directors and Senior Leadership Team to ensure Banner’s people, culture, and reputation continue to be among the best in the industry. Bob is a seasoned real estate professional with proven experience leading multi-billion dollar, vertically-integrated investment and development organizations. He brings over 30 years of experience in executive leadership, strategic planning, investment management, joint ventures, and capital raising to Banner.
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Trent Acuff
CHIEF INVESTMENT OFFICER
Trent Acuff is the Chief Investment Officer of Banner Real Estate Group. He joined Banner in 2024 and is responsible for investment strategy and capital allocation within the multifamily development and self-storage development and acquisition platforms, along with being a member of the Investment Committees. Prior to Banner, Trent was a Managing Director at Hines, where he led acquisitions, developments, and financing of equity projects throughout the Midwest, Southeast, and Canada. Trent received his Bachelor of Arts in Economics from Vanderbilt University and his Master of Business Administration from Columbia University.
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Cheryl Brock
President, Banner Property Management, LLC
Cheryl Brock is the President of Banner Property Management, LLC, the property management arm of Banner Real Estate Group, overseeing operations for the firm’s property portfolio, all Regional Managers, and Compliance and Revenue Management teams. Prior to her current position, Cheryl was Banner’s Vice President of Operations and a Regional Manager for over six years with a portfolio of seven properties, consisting of 1,436 units in Illinois and Michigan. Cheryl has been with Banner since 2003 and has over 18 years of industry experience, including leasing, resident relations, on-site management, multi-site management for conventional project based section 8 and LIHTC properties, employee training and development, budget preparation, marketing, and financial analysis. Cheryl started her career in property management with Admiral Builders in 1996, working there until she was hired by Banner. She holds designations of Certified Apartment Manager through the National Apartment Association and Certified Occupancy Specialist through the National Council of Housing Management.
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Wiliam Henry
President, Banner Development, LLC
William Henry is the President of Banner Development, LLC and leads all of Banner’s apartment, storage, and senior living development efforts. He has an extensive background in the development of multifamily, senior living, and hospitality projects, having developed over $2 billion of real estate in those sectors during his career. Before joining Banner in 2013, Bill served on the executive management teams of Sterling Hall, The Prime Group, Inc., Classic Residence by Hyatt, and Brookdale Senior Living, in addition to being the Director of Construction for Extended Stay America. In these positions, he was responsible for new business development and managing corporate roll-outs of numerous multi-state projects. Bill is a member of the Commercial Investment Real Estate Institute and a Certified Commercial Investment Member (CCIM). He earned his Bachelor’s Degree in finance from Iowa State University in Ames, Iowa in 1985.
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Fred Langtry
GENERAL COUNSEL
Fred Langtry is the General Counsel of Banner Real Estate Group and manages the legal department, which handles or oversees numerous investment offerings, development projects, property acquisitions and dispositions, financings, and joint venture arrangements. Since joining Banner in 2002, he helped Banner complete over $2 billion of real estate projects and transactions. Prior to Banner, Fred was an attorney at Rosenberg & Liebentritt, P.C., a captive law firm serving Sam Zell and his affiliates, and a senior attorney for Equity Office Properties Trust. Fred received his J.D. degree from DePaul University College of Law in 1993 and his Bachelor of Arts from the University of Michigan in 1989.
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Ben Angelo
Executive Vice President, Banner Multifamily, LLC
Ben Angelo serves as Executive Vice President of Multifamily Development. In this role, Ben leads Banner’s multifamily development team and is responsible for the strategic platform expansion and growth of the team’s development pipeline and deal flow. Ben is an executive leader and real estate developer with nearly two decades of commercial real estate development experience specializing in mixed-use multifamily and purpose-built student housing throughout the U.S. He has a proven ability to lead a team and all aspects of the development process while building and maintaining strong relationships with key stakeholders and business partners throughout the industry. Prior to joining Banner, Ben previously served in executive leadership roles at the notable firms of The Opus Group and Core Spaces. Ben’s direct development experience includes over 3,800 apartment units inclusive of over 7,750 student housing beds totaling over $1 billion of completed developments. Ben has earned a Master of Business Administration degree in Real Estate Finance & Investments from DePaul University and a Bachelor of Science degree in Construction Management from Purdue University.
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Milton Pinsky
Executive Chairman
Milton Pinsky is the Executive Chairman, Chairman of the Board of Directors, and Chairman of the Investment Committees of the Board of Directors, and provides strategic oversight to Banner. Milt founded Banner in 1989 together with his father, Alex, and brother, Marty. Previously, he was with the law firm of Skadden, Arps, Slate, Meagher & Flom for approximately five years where he specialized in negotiating corporate mergers and acquisitions and the financing thereof. Milt graduated from the University of Illinois with a Bachelor of Science degree in Electrical Engineering in 1981 and subsequently received a Master of Business Administration and Law degree from the University of Chicago in 1985.
Martin Pinsky
Director
Martin founded Banner in 1989 with his father, Alex, and brother, Milt. He previously joined his father, Alex, in 1988 to serve as the Controller of Planned Partnerships, Inc. Prior to joining Planned, Martin served as an internal auditor with Outboard Marine Corporation for three years and as a financial analyst with Heller Financial for two years. Martin is a Certified Public Accountant and received a Bachelor of Arts degree in Finance from the University of Illinois in 1983.
David Gottlieb
Director
David Gottlieb served as Full Circle Communities’ founding executive director from 2001 to 2017. Under his leadership, Full Circle acquired, rehabbed, and managed 600 affordable rental apartments, and instituted the provision of supportive services for the residents of those apartments. Prior to co-founding Full Circle, David was a senior vice president with Banner Apartments. Prior to that, David served as executive director of the Lower Downtown District, Inc., which oversaw the restoration of Denver’s Lower Downtown Historic District. He was subsequently an account supervisor with Johnston Wells Public Relations, Denver’s largest public relations firm. David earned a Bachelor of Arts degree from Amherst College, a Master of Fine Arts from the University of North Carolina at Chapel Hill, and a PhD from the University of Chicago.
Joe Astrachan
Director
Joe, board chair and a founder of Generation6 (a family business consulting firm), comes from a family that has owned or led many family businesses including Meindersma, a Dutch pharmaceutical company sold to AKZO Nobel, and the world’s third largest shipping company in the 1970s, NYSE listed Seatrain Lines, which ceased operation in the 1980s following the death of the patriarch, sending the family into chaos, and the company into a death spiral. Joe is a scholar as much as he is a practitioner: He is former Editor of the Family Business Review and the Journal of Family Business Strategy (of which he was co-founder). He has 40 years of experience studying and working with family companies and has sat on the boards of 22 family businesses, currently serving on 11 in a wide variety of industries (e.g., heavy equipment, food manufacturing, building materials manufacturing, restaurants, automotive, healthcare, insurance, and commercial, residential and industrial real estate development and holding). Before focusing on his board work, he gained extensive experience over 40 years of consulting with more than 100 family businesses, including some of the largest business families around the world. Joe is Emeritus Professor of Management and Entrepreneurship at Kennesaw State University, where he previously served as Executive Director of the Cox Family Enterprise Center, and where he developed an executive MBA for businesses families. Today, he is a Family Business Fellow with the Smith Family Business Initiative at Cornell University, visiting scholar at Germany’s Witten/Herdecke University, the Institut für Finanzdienstleistungen, Luzern Switzerland, and Affiliated Professor at the Centre for Family Entrepreneurship and Ownership at Sweden’s Jönköping International Business School. Joe has received numerous awards for his research, writing and service, including top honors from the Family Firm Institute (Beckhard Award, International Award, fellow status), the Family Business Network International, the International Family Enterprise Research Academy (of which he is a fellow and member of the founding team) and was recently honored with a Lifetime Influence and Impact Award from the Family Enterprise Research Conference at the University of Vermont in 2019. Joe earned BA, MA, MPhil and PhD degrees from Yale University. He is based in Atlanta.
Malcolm Sina
Director
Mr. Sina has been actively involved in real estate development for over 39 years, including President and CEO of DASCO Companies (one of the leading healthcare developers in the country) and Executive Vice President and Partner with Fifield Companies, Ltd (a full-service real estate development company in Chicago). During that time Mr. Sina developed and acquired approximately 10 million square feet of properties, representing $2.7 billion in value. As Executive Chairman, he is involved in all areas of the process including development, construction, transaction structuring, finance, operations, marketing and leasing, and asset and property management. As President and CEO of DASCO, he developed the overall strategic direction of the company until the company was sold to Lend Lease in 2011 – an international real estate company listed on the Australian stock exchange with over 17,000 employees worldwide. He remained on as President until early 2013 when he started Sina Companies. Prior to joining and leading DASCO, Mr. Sina was with Aetna Life Insurance Company where he was Managing Director of Real Estate Investments and directly accountable for a $5 billion loan portfolio and a network of 18 correspondent offices. Prior to Aetna, from 1983 to 1991, was his time with Fifield Companies, Ltd. He solicited, negotiated and closed over $1.2 billion of transactions and was partner-in-charge of and accountable for all aspects of developments/acquisitions including initial feasibility, design, construction, leasing and management of 4.5 million square feet of office, retail, and hotel projects. From 1979 to 1983 Mr. Sina was a Commercial Banking Officer with The First National Bank of Chicago (now JPMorgan Chase) where he was responsible for real estate loan underwriting and asset management of a portfolio of more than 20 projects exceeding $150 million. Mr. Sina graduated from the University of Wisconsin with a Master of Science degree in Real Estate Appraisal and Investment Analysis and a Bachelor of Business Administration degree with a double major in finance and real estate. He is on the editorial advisory board of Healthcare Real Estate Insights™ (the primary trade journal for the healthcare real estate industry), is an advisory board member of Place of Hope (a faith-based child and state-licensed welfare group providing a variety of services to kids and families in need, including maternity care, safety for victims of sex trafficking and transitional housing) and a board member of Banner Apartments (a development/acquisition firm specializing in apartments and self storage across the country).
Mark Schulte
Director
Mark Schulte currently consults with a private equity fund in Beijing, China to access the market and opportunities for senior living investments in China. From 1991 through 2008, Mark was with Brookdale Senior Living (NYSE: BKD) and its predecessor companies and was a member of the company’s Board of Directors and the Chair of the Investment and Search Committee until early 2015. From 1996 to 2008, he served as the Chief Executive Officer of Brookdale Senior Living and its predecessor companies, taking The Prime Group’s Senior Housing Division public in an initial public offering on NASDAQ in 1997. Mark then took the company private in 2000 with two private equity funds and brought the company public again on the New York Stock Exchange in 2005. As the CEO, Mark completed a merger with Alterra Healthcare Corporation in 2005 which doubled the size of Brookdale and successfully completed the $1.3 billion acquisition of American Retirement Corporation (NYSE: ACR) in 2006. From 1991 to 1996, Mark served as Executive Vice President of the Senior Housing Division of The Prime Group, Inc. Prior to joining The Prime Group, Mark was a Senior Vice President at RESCORP Development, Inc. from 1985 to 1990. Mark received both a Juris Doctorate degree and a Bachelor of Arts degree from Saint Louis University.
Timothy Hadro
Director
Timothy Hadro is a top financial executive with domestic and international experience, as well as expertise in the areas of credit operations, portfolio administration, asset management, lending, real estate, investments and financial reporting/analysis. Timothy is currently the Executive Vice President and Chief Credit Officer of a multi-billion dollar commercial bank headquartered in Chicago, IL. Prior to this, Timothy was a Principal at Loan Management Solutions, which managed and advised clients on more than $1 billion in distressed loans. From 2007 to 2009, Timothy was the Managing Director, Head of Affordable Housing and Construction Special Servicing for Centerline Capital Group, responsible for negotiation and resolution of problem mezzanine and senior loans, tax-exempt bonds, and equity investments. Previously, Timothy served in key positions at a number of banks, including as Managing Director, Head of Commercial Real Estate for JPMorgan Chase and also at Bank One. Timothy received his Masters of Business Administration in Finance and Accounting from the University of Chicago in 1974 and completed his undergraduate work at Macalester College in 1972, receiving a Bachelor of Arts degree in Mathematics and Economics.
Pamela Silberman
Director
Pamela Silberman is Principal of PSS Advisory Services, LLC where she provides advice and guidance to real assets investment firms on how to plan, mobilize and implement initiatives, policies, and programs related to investor relations, marketing, capital raising strategy, ESG initiatives, and fund formation. Pamela previously served as a Senior Vice President at Bentall Kennedy, a North American real estate advisor, where she had responsibility for business development, consultant and client relations and reporting for open-end and closed-end funds. Pamela joined Bentall Kennedy through the 2015 acquisition of Landon Butler & Company, LP® (LBC) where she served as Senior Vice President and Principal responsible for capital raising, consultant relations and reporting, and marketing communications. Pamela served as Chief Compliance Officer for the firm’s broker-dealer subsidiary and served on the firm’s Board of Managers Audit Committee. Before joining LBC in 2002, Pamela was Vice President at CoStar Group, a publicly traded, real estate information-technology company where she established the investor relations and public relations department. Prior to working at CoStar, Pamela was Vice President of Investor Relations at Security Capital Group, a publicly traded real estate investment and research operating company where she directed day-to-day shareholder relations and corporate communications. She held a variety of duties at Security Capital, including establishing a mutual fund company and providing a broad range of financing activities for Security Capital and its 17 affiliated companies. Pamela received a Bachelor of Arts degree from the University of Pennsylvania and a Master of Business Administration from the University of Virginia Darden School of Business. She loves to dedicate her time to help elevate voices whether it is as Vice Chair of the Mikva Challenge DC, strategic advisor to Housing Unlimited, Inc., or founding member of The Smell and Taste Association of North America (STANA). She is a member of National Investor Relations Institute (NIRI), Commercial Real Estate Women (CREW), Financial Communications Society (FCS), and Private Directors Association (PDA).
Mark Bowen
PRESIDENT
Mark’s vast experience spans the private and public sectors, managing a diverse array of property types, including industrial, multifamily, retail, self-storage, office, and senior living. Before Dalfen, he held leadership positions at DCT Industrial (NYCE: DCT) and the Laramar Group, overseeing acquisitions, development, and portfolio management. He also spent 15 years at GE Capital Real Estate, where he managed structured debt and equity in capital markets.
Website: www.bannerip.com
Scott Blanding
Chief Operating Officer
Scott Blanding is the Chief Operating Officer at Banner Industrial Properties and oversees investment sourcing, leasing, asset management, and operations. Before joining Banner, Scott was Managing Director of Viking West at Viking Partners, where he led the business development efforts for Viking in the Western U.S. as well as the investment and operational management of Viking’s Mountain West Portfolio.
Website: www.bannerip.com
Dan Morrison
Chief Financial Officer
Dan Morrison is the Chief Financial Officer at Banner Industrial Properties and oversees capital markets, investment services, due diligence, finance, and accounting. Before joining Banner, Dan was CFO at TradeLane Properties, where he helped shape the company’s strategy, secure equity and debt financing, and launch three U.S.-focused industrial funds with nearly $1 billion in assets under management.
Website: www.bannerip.com
Mike Macias
SENIOR VICE PRESIDENT, CAPITAL FORMATION
Michael Macias is Senior Vice President of Capital Formation, responsible for capital formation across the Banner platform by expanding new investor relationships as well as maintaining current ones, from traditional institutional partners to individuals. Prior to joining the firm, Mike was with Kennedy Wilson, a multifamily and industrial investment manager, where he participated in over $2b in equity capital commitments over a near 15-year career. Previously to that, he worked in a similar capacity for Mitsubishi UFJ and Allspring Global Investments (previously Wells Fargo Capital Mgmt.) in San Francisco as well as Trust Company of the West (TCW) in Los Angeles. Mike holds a Bachelor of Arts in Political Science from the University of California, Santa Barbara.