Who We Are
Amanda Torres is the President of Sunbelt Multifamily Properties, LLC, bringing 25 plus years of multifamily housing management experience to the company. She began her property management career in 1995 as a leasing consultant while completing her bachelor’s degree at The University of South Carolina. Her abilities have allowed her to obtain many years of successful financial returns, enhancing other income and expense control without sacrificing service or product. Amanda focuses on building a strong onsite team in order to achieve success. She does this through training, mentorship, encouraging individual growth outside typical job description and promotion from within. This approach has proven to be successful by reducing associate turnover by 60%.
Amanda has successfully managed 44 multifamily apartment properties, 10,055 units, in 5 states. Of these numbers, 12 multifamily apartment properties, 2,626 units, in 3 states were HUD financed. She has successfully shown increased results of increased NOI and cash flow while assuring the all financial reporting and HUD compliance was met.
Amanda’s current portfolio of multifamily property management experience includes:
- Reducing portfolio’s bad debt from over 9% to 1%.
- Improving occupancy over 25% in less than a year.
- Increasing occupancy from 87% to 96% at a new acquisition purchased in March 2020 amid COVID-19 lockdowns.
- Successfully managing property improvements and repositioning yielding a 35% return on investment.
Capital planning, property expense reduction, annual budgeting and risk management play a large roll in Amanda’s ability to manage operations for a successful year over year return. Many of these multifamily properties were acquired and/or disposed of while she was the Regional Manager or Regional Vice President.
Mark Hiatt became President of the Foundation for Affordable Housing (“FAH”) in early 2017 and is responsible for all operations of the FAH. His particular focus is increasing the stock of affordable housing in the United States, addressing a critical problem in the country. FAH is a not-for-profit organization formed for the exempt purpose of constructing, purchasing, owning, and operating affordable housing for low-and- moderate income individuals and families. FAH’s current $226 million portfolio of affordable housing properties are located in Ohio, North Carolina, and South Carolina and consist of 11 affordable housing properties representing more than 2,200 units.
Mark spent the last 30 years of his career in the multifamily housing industry, with expertise in developing, owning and managing all types of multifamily housing throughout the United States. He has been directly involved in the ownership and financing of over 50,000 housing units in 39 different states comprising in excess of $4 billion of asset value.
Mark successfully owned and managed 299 multifamily apartment properties, 59,195 units, in 39 states. Of these numbers, 84 multifamily apartment properties, 14,195 units, in 34 states were HUD financed. His expertise covers virtually all types of multifamily housing including suburban garden style, urban mid and high rise, privatized military housing, student housing and senior housing.
Mark has also participated in the ownership, financing and management of over $1 billion of affordable housing property in his career and has previous HUD experience.
Mark is a Certified Public Accountant and earned a degree in Accounting and Finance from Hastings College.
Jonathan (Jon) Baack
Jon Baack, President of Redline Construction Group LLC, brings over 18 years of experience in construction management and general contracting. Over his career Jon has been responsible for the construction and development of over $450 million, over 4,000 units, in new construction and rehab projects, including HUD, LIHTC, and tax-exempt financed projects. He has also served as the owner’s representative for over 15 projects in the past 10 years and a variety of owners and non-profit organizations.
John Gordon, President of Redline Development Group LLC, has worked exclusively in the multifamily asset class for over 11 years. Most recently, John was the Vice President for a tax-exempt bond fund facilitating affordable housing projects, in which he was key team member as it grew from $300 million in assets to over $1 billion. John had a lead role in $975 million of multifamily transactions including tax-exempt financings, equity investments, acquisitions and dispositions, as well as portfolio securitizations. The range of tasks and responsibilities that John has undertaken included asset management, originations, underwriting and accounting. The type of multifamily housing projects included are conventional, senior, student, and most prominent of all, affordable.
Chief Financial Officer
Sharise Engel is the CFO and is a Certified Public Accountant with a Master of Science degree in Business Education. Sharise is a results-oriented individual with more than 30 years of successful management, mentoring, accounting, budgeting, tax, and audit experience. As the controller for a multifamily and affordable housing company, Sharise gained 10 years of property management experience which included HUD compliance and reporting. She served as the chief accounting officer for the public tax exempt fund that managed and reported over $500 million of assets directly related to LIHTC and other multifamily properties. Together, Sharise was responsible for 92 multifamily apartment properties, 17,667 units, in 19 states. Included in these numbers, 5 multifamily apartment properties, 680 units, in 4 states were HUD financed. She successfully managed process improvement, software optimization, and financial analysis while cultivating a team emphasized culture.
Elle Hiatt joined Sunbelt Multifamily Properties in 2020 and currently serves as Asset Manager for the Sunbelt portfolio. Bringing nearly 10 years of experience in corporate finance and accounting, Elle monitors our portfolio’s financial performance, risk management and HUD compliance. Elle received her Bachelor of Science in Finance from the University of Colorado at Boulder in 2012 and her Master of Science in Accounting from Regis University in 2017. She is currently pursuing her CPA License in the state of Colorado and enjoys all that the Rocky Mountains have to offer.