SAN RAMON, Calif. – RealEstateRama – SummerHill Housing Group, the umbrella organization for SummerHill Homes, an award-winning residential builder, and SummerHill Apartment Communities, an apartment, mixed-use infill rental housing developer, today announced that Douglas L. McDonald has been promoted to President of SummerHill Apartment Communities.
SummerHill Apartment Communities recently completed construction and is in the process of leasing up two apartment communities totaling 373 units in Pasadena (Los Angeles County) and Burlingame (San Mateo County), California. The company is under construction on four apartment communities in the San Francisco Bay Area totaling 967 units in the cities of Milpitas, Mountain View, Santa Clara and South San Francisco. The company is also in the entitlement process on 10 apartment communities in California and Washington totaling over 2,800 units located in the cities of Bellevue, Burlingame, Carlsbad, Milpitas, Pasadena and Santa Clara.
“We are fortunate to have achieved significant growth in both our for-sale and apartment-development businesses, even during the pandemic, and we can attribute this to our outstanding executive management team that includes Doug McDonald,” said Robert Freed, CEO of SummerHill Housing Group.
“Doug has been with SummerHill for nearly two decades and has served in many important roles at the company,” said Freed. “Doug’s passion for homebuilding, combined with his outstanding leadership skills and financial acumen are truly outstanding. We know that he will continue to be a great asset to this company in his role as President of SummerHill Apartment Communities.”
As the new President of SummerHill Apartment Communities, McDonald is directly responsible for land acquisition, entitlements, design/construction, asset management, asset disposition and capital markets. McDonald has been with SummerHill for nearly 20 years. Before assuming the role of President, McDonald was the Chief Operating Officer and Chief Financial Officer for SummerHill Apartment Communities and Chief Financial Officer for SummerHill Homes. As CFO, he secured nearly $2 billion in construction debt and equity capital. Prior to joining SummerHill Homes, McDonald was Manager of Strategy and Business Architecture for consulting firm Accenture in San Francisco. McDonald was also Division Controller for Pulte Homes and Supervising Senior Accountant for KPMG Peat Marwick, both of Charlotte, North Carolina.
McDonald holds a Bachelor’s degree in Business Administration – Finance and a Master of Accounting degree from the University of North Carolina at Chapel Hill. McDonald also holds a Master of Business Administration degree from the University of Michigan, where he graduated with distinction and received the annual Innovation Award.
About SummerHill Housing Group
SummerHill Housing Group combines the expertise and market strength of the highly respected development firms San Ramon, Calif.-based SummerHill Homes and SummerHill Apartment Communities. SummerHill Homes specializes in mid- to high-end homes and is nationally recognized for customizing development plans to accommodate a site’s special characteristics. SummerHill Apartment Communities has a long track record of developing award-winning apartment and mixed-use infill rental housing communities. Both firms specialize in the San Francisco Bay Area and Southern California. See www.shhousinggroup.com.
# # #