Our team at The Severn Companies in Annapolis, Maryland

Our Team

Arthur “Jib” W. Edwards, Jr., President/Chief Executive Officer

Jib currently oversees 100 employees and 60 multifamily housing communities in Delaware, Maryland, Pennsylvania, and Virginia. Responsible for over $500,000 in annual capital expenditures and $8 million in annual rental income, Jib has sponsored and served as a partner on a total of 25 limited partnerships that have acquired and built an aggregate of $200 million of assets on behalf of investment partnerships. Jib has successfully developed a diverse range of multi-family housing developments, from small rehabilitation projects to large master­ planned communities using structured financing that includes market-rate and government programs such as 515, HUD 221D-4, Low Income Housing Tax Credits, and other affordable housing resources. Certified as HCCP and C3P Specialist, Jib is recognized by the Low Income Housing Tax Credit Program for compliance in the LIHTC program. As a specialist in housing planning and development for over 20 years, Mr. Edwards has served as a consultant to state federated labor councils, housing development corporations, and state and local housing authorities and taskforces. Prior to joining The Severn Companies, Jib served as a naval pilot and flew the SH-2F during Desert Storm, where he was awarded two Navy Achievement awards.

Spencer J. Leech, III, Vice President

Spencer joined Severn in 2005. He directs Severn Development as well as insurance procurement, loss control programs, and the technical direction for all The Severn Companies. He has over 30 years of experience in habitational, commercial, industrial, and residential real estate. His previous experience includes directing the sourcing, acquisition, construction, and management of sizeable fixed assets. As project executive, he has directed over $100 million in construction projects. Spencer has a B.G.S. in Business, Government, and Computer Science from the University of Maryland.

Julie Palmeri, Chief Operating Officer

Julie joined the Severn team in April 2012. She is responsible for property operations, including the supervision of Regional Managers and compliance of all properties with rules and regulations where applicable with Tax Credit, USDA RD, HUD, and other regulatory bodies. Her prior experience in Affordable Housing compliance software made for a smooth transition into Affordable Housing property management. She has earned her Certified Credit Compliance Professional (C3P), HUD-Assisted Housing Manager (AHM), Certified Occupancy Specialist Advanced (COSA), and USDA- Spectrum Training Award Recipient (STAR) and HCCP- Housing Credit Certified Professional certifications.

Kit Vallhonrat, Chief Financial Officer

Bio coming soon!

Grant Searfoss, Vice President of Development

Grant joined The Severn Companies in March 2020. His primary responsibilities include underwriting and acquiring new developments, capital markets, project management, and investor relations. Prior to joining Severn in 2020, he served as a Financial Analyst for Capital Health Group, LLC, where he participated in the acquisition and development of over $200 MM in Class A Senior Living communities as well as the financing and refinancing of numerous projects. Grant graduated with a Bachelor of Science degree in Financial Economics from the University of Maryland, Baltimore County (UMBC), and is currently pursuing a Master’s in Real Estate from Georgetown University.

Work meeting at The Severn Companies in Annapolis, Maryland

Experienced Management Team