Over the past 35 years, as President and sole shareholder of Shelter Resources, Inc., Mr. Brannen has developed and owned some 130 affordable housing projects located throughout the Pacific Northwest. He directs development and operations for all of the firm’s projects and is the principal link between construction and management activities and passive corporate or individual limited partner investors in the project partnerships. Mr. Brannen is a recipient of the Washington State Housing Finance Commission’s “Friends of Housing” award. Brandenwood Apartments, an affordable senior housing project developed with the City of Bellevue, won the National Council on Senior Housing’s “Best Design of the Year” award in the affordable housing category. Mr. Brannen also has developed five affordable congregate senior care complexes. His prior experience includes nearly five years with The Stonebridge Company, a real estate development firm specializing in apartment development. He is a graduate of Arizona State University, where he earned a Bachelor of Science degree.
Annette M. Wood-Brannen
Senior Vice President, Portfolio Director
In addition to her roles at Shelter Resources, Mrs. Wood-Brannen is also sole shareholder/President of Wood Development Group, Inc. with over 33-years’ experience as developer, owner-builder and managing general partner of both affordable apartment communities and market rate condominiums in Washington, Alaska and Nevada. As an owner, she brings strong credentials to the SRI team for financial analysis and maximizing property performance. Her depth of experience in all facets of development benefits the SRI portfolio with an enhanced ability to care for the housing we create.
Annette has been the recipient of numerous housing industry awards over the years as well as a founding board member and first President of the Washington State Council for Affordable Housing. She also served on the National Board of CARH in Washington, D.C. for 4 years. She attended the University of Washington.
Joel Ing joined Shelter Resources, Inc. as a Managing Director in 2004 where he is responsible for securing new business opportunities, establishing and maintaining relationships with community partners and providing strategic and financial structures on redevelopment projects. Joel negotiates terms of purchase and sale agreements with property owners, identifies and secures the numerous financial sources required on each project, oversees construction with architects and contractors, assists with marketing and resident occupancy issues, and interfaces with the property management company regarding ongoing operating matters.
Joel has dedicated his career to assisting non-profit and government organizations fulfill their mission through publicly financed projects. Prior to joining SRI, he held similar roles at two Northwest affordable housing development firms. Joel has also worked as a public finance investment banker covering Northwest municipal governments, and as a municipal credit analyst at a major bond rating agency in New York City. He is active in the community, serving on numerous boards and volunteering on several political campaigns. Joel has a Masters of Arts in Public Policy from Duke University and a Bachelor of Arts in Political Science from the University of Washington.
Corporate Controller Sandra Ohrt started with SRI in 2001 and is responsible for monitoring all accounting activity of SRI as well as preparing long term projections for the corporation. Additionally, Ms. Ohrt is directly responsible for the draw administration on projects SRI has under construction, as well as coordinating year-end audit, tax return and investor reporting on completed projects. For active projects under development, Ms. Ohrt monitors all costs from pre-development through permanent loan closing including final cost certifications. She is also responsible for reviewing construction budgets and for budget comparison to actual costs. Ms. Ohrt works closely with the project CPA to coordinate the first annual operating partnership audit and tax return.
Prior to joining SRI, Ms. Ohrt worked as an auditor for a CPA firm, served various companies in commercial construction, progressing from cost accountant through controller, and accumulated almost 20 years of direct accounting experience in the private sector. Ms. Ohrt earned a B.S. in Accounting from Mesa College in Colorado.
Director of Asset Management, Developer
Matt Chantry, Director of Asset Management for Shelter Resources, Inc., is primarily responsible for the oversight of the company’s portfolio of multifamily properties. Matt’s responsibilities include, among other things, monitoring ongoing financial performance of the portfolio, ensuring compliance with various agency and funder requirements, tracking the physical condition and capital needs within the portfolio, and assisting ownership with the refinancing, re-positioning, and sale of SRI assets. Matt also works closely with SRI’s many non-profit partners in the joint oversight of certain properties and maintaining long-term positive working relationships. In addition to his asset management responsibilities, Matt works with the development team on underwriting, processing and overseeing progress on select development projects.
Prior to joining SRI in 2013, Matt worked as an Asset Manager for several organizations where he managed diverse portfolios on behalf of lenders and owners. His experiences also include working as a Senior Financial Analyst for a Fannie Mae DUS lender focused on providing refinance and acquisitions loans for both market-rate and affordable multifamily housing. Matt holds a Masters of Real Estate Development degree and Graduate Certificate in Metropolitan and Urban Planning from the University of Utah and a Bachelor of Science degree in Finance from Brigham Young University.
Corey Baldwin joined Shelter Resources, Inc. as a Developer in 2014 and is responsible for sourcing new investment opportunities, securing financial resources for new projects, and establishing and maintaining relationships with financial partners. Additionally, Corey underwrites projects for acquisition, negotiates purchase and sale agreement terms with sellers, coordinates lender and investor due diligence, develops project business plans and assembles necessary financing to create a successful development.
Prior to joining Shelter Resources, he served in a similar capacity for two national affordable housing developers where he was instrumental in the acquisition and preservation of nearly 1,000 affordable housing units across the country. He graduated from Whitworth University with a Bachelor of Arts degree in business management and international business.
As Associate Developer, Ms. Salinas leads the submittal process of public funding applications, handles compliance issues associated with over 70 SRI projects and processes due diligence requests by public and private funding sources. Ms. Salinas attended Temple University in Philadelphia, PA and has experience as a paralegal in family law and real estate law working for various firms and escrow companies. With her previous experience combined with her passion for volunteer work with homelessness, Janel brings to SRI an excellent blend of skills and compassion for today’s affordable housing market.
Mark Thometz is a Developer with Shelter Resources with over 25 years of experience in multi-family and single-family housing development. Mark previously served as the Executive Director at a major affordable housing development company, DASH, for nearly 9 years. Over the course of his career, Mark has developed close to $590,000,000 of real estate including both multi-family rental and home ownership projects. Mark brings to affordable housing projects the ability to leverage private and public sector funds in a manner that maximizes the efficiency of the target sources. As a licensed architect, he often represents SRI and the interest of joint venture non-profit partners during the construction oversight phase of our new construction developments. Currently, Mark is working with National Equity Fund, Shelter Resources and Multi Service Center to develop a new veteran’s housing project located in South King County, Washington with occupancy expected in 2016. In addition, Mark is heading up SRI’s team working with the VA and the city of Tacoma to further expand veterans-specific housing in Pierce County. Mark is a US Army veteran who was honorably discharged in the 70’s and is the beneficiary of Vietnam-era VA educational benefits.
Mr. Rozgay works on behalf of SRI in assembling property and financing for most of the rural housing projects. His experience both in the Tax Credit program and USDA Rural Housing programs gives SRI an edge in keeping active in small to mid sized communities where market demand remains stable over time aiding the development of a long term niche. He also works on site and project acquisition for the corporation on a consulting basis. As a graduate of the University of Puget Sound and with his prior banking experience, Mr. Rozgay is a strong ally for SRI’s rural development activities.
Katherine Solan joined SRI in 2015 as a Project Coordinator. In a staff-wide support role, she takes part in the coordination and execution of the various reports, documentation, communication, tracking and applications required throughout the funding-application, closing, construction and asset management phases of our properties. Before joining SRI, she spent seven years as a project coordinator with another affordable-housing developer in Seattle. Katherine’s prior work experience also includes marketing, communications and editing/publishing expertise as well as nonprofit experience. She holds a B.A. in English Literature from Wheaton College in Chicago, Illinois.