MEET IREG FOUNDER, RICK SIMMONS
Simmons has a 25-year history of building and developing real estate throughout the United States, with an emphasis on multi-family developments. Following the successful launch of a luxury homebuilding company in 1990, Simmons established Integrated Real Estate Group (IREG) – a multi-family development, construction and management company in 1995. Since launching IREG, he has built and developed more than 15,000 units across the United States southwestern region with a combined value of over $1 billion. These projects vary in design and consist of low-income housing, senior housing, high-end single family, high-end multi-family, and, most recently, assisted living.
At IREG, Simmons has assembled a team comprised of the finest talent drawn from his previous projects and the best-in-class of new talent drawn from the real estate industry. This highly-selective approach has resulted in a synergistic work environment enabling IREG to meet and surpass the highest expectations of our customers, our investors, our clients and our residents.
In addition to his in-house team, Simmons has developed an impressive portfolio of relationships throughout the building industry over the years – including lenders, subcontractors, suppliers, engineers, architects, public officials, land brokers, and consultants – all of which will be beneficial in the future projects yet to come.
Simmons is a University of Arkansas graduate with a degree in Civil Engineering. He makes his home in Westlake, Texas, with his wife and children.
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RORY JOHNSON, VICE PRESIDENT OF PROPERTY OPERATIONS,
B.S. IN FINANCE
Johnson has over 30 years of experience in the real estate industry that has a background in commercial banking, multi-family construction and property management operations for both senior and family conventional and affordable housing.
Prior to joining Integrated Real Estate Group, Johnson spent 13 years in the Commercial Lending Division of Bank One—First Chicago Corp. (now JP Morgan Chase), the largest banking institution in the Midwest. Much of his loan portfolio was comprised of or collateralized by residential and commercial real estate. He then transitioned from banking to real estate multi-family construction and operations, and his experience includes the oversight of construction and operations of four A to A+ multi-family communities.
For the past 15 years, Johnson has been dedicated to property management/operations from the pre-leasing, through stabilization, refinance & sales stages that cover over 50 assets or over 8,000 units.
His experience includes:
- Vice President of Property Operations
Integrated Real Estate Group, Southlake, Texas
- Assistant Vice President of Property Operations
Western Rim Property Services, Coppell, Texas
- Vice President – Commercial Lending
First Chicago Corporation, Chicago, Illinois
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KENNETH W. FAMBRO II, VICE PRESIDENT, MBA, B.S. IN FINANCE
Fambro oversees all aspects of the development process, from new business development/acquisitions to project feasibility, which includes joint venture relationships and consulting services. Fambro joined Integrated Real Estate Group in 2003 and presently serves as Vice President of the company's Development Division.
With more than 10 years of experience in financing of multi-family communities, Fambro provides expertise in financing real estate developments using transitional equity, taxable and tax-exempt bond financing, conventional and federally insured mortgage debt. During his tenure he has overseen the development of more than 5,000 units with costs totaling over $500 million.
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PAUL MILOSEVICH, VICE PRESIDENT OF SENIOR HOUSING DEVELOPMENT & OPERATIONS, MBA, B.S. ARCHITECTURAL STUDIES
Paul is responsible for the delivery of development, financing and management real estate services including:
- Senior Housing new development
- Equity and debt strategic relationships
- Integrated Senior Housing management company: interface with institutional owners and working with senior leadership of IHS on opportunities and challenges of continued growth and expansion
Prior to joining IREG, Paul served as the primary relationship manager for CBRE’s strategic real estate partnership with Baylor Scott & White, where he and his 256 person team were responsible for the delivery of best-in-class, comprehensive real estate services including Facilities Management & Engineering, Project and Transaction Management, Campus planning and Portfolio Lease Administration.
Prior to CBRE, Paul worked for South Bay Partners Ltd., where he was responsible for the development of senior housing including Senior Apartments, Assisted Living & Alzheimer’s care facilities throughout the state of Texas, including site acquisition, architectural and civil coordination, equity and debt financing, construction oversight, licensing coordination and manager oversight.
His experience includes:
- Goldman Sachs & Co.
Portfolio & asset management responsibilities for $3B of commercial real estate on east and west coasts
- The Prudential Realty Group
Commercial real estate asset management: Dallas & San Francisco
- Hunt Properties
Land development for family office real estate company
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CHRIS KELLY, VICE PRESIDENT OF CONSTRUCTION
Kelly is a seasoned and accomplished project manager with 15+ years of experience driving multimillion-dollar multi family, assisted living, and commercial construction projects through all phases from start to completion. He has proven abilities in a wide range of construction abilities including budgets, contracting, and quality control. As an expert crew leader he has forged solid relationships with architects, engineers, city officials, interior designers, owners, and subcontractors.
Kelly also oversees all aspects of large-scale multimillion dollar projects from start through completion. Directs site operations, including in-house crew and subcontractors. He manages delivery schedules, change orders, and quality control initiatives as well as conducts weekly meetings with owners and team members. On a regular basis he communicates with architects, engineers, and interior designers on design elements, fixtures, and fittings ensuring compliance with plans and specifications, as well as proper construction layout through mechanical and electronic methods. Kelly manages with a high level of accountabilty through all projects by generating daily progress reports and implementing strict safety adherence standards.
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DARLA BAILEY, DIRECTOR OF OPERATIONS - SENIOR HOUSING
Darla Bailey has over 25 years of professional nursing experience, with 20 years in the senior housing industry with an extensive background in multi-site management support in skilled nursing, Alzheimer's care, independent and assisted living. Bailey started with the company in 2011. She currently manages all aspects of operational oversight for Integrated Senior Living, working with both lease-up and stabilized communities.
In her role as Director of Operations she oversees Financial Results, Quality Services, Human Resources, Training and Development, Real Estate and Lifestyle. She is also instrumental in ensuring each property is in compliance with licensing standards through regular on-site audits and quality assurance programs. Her focus is to ensure high standards of service, a commitment in providing quality hospitality and health care services for today’s seniors and to be recognized as an employer of choice in our industry while delivering optimal financial results to our investors. In addition, Bailey is a Certified Dementia Practitioner and Certified Assisted Living Manager. She is actively involved with the Alzheimer’s Association.
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SUSIE GOFF, DIRECTOR OF OPERATIONS - MULTIFAMILY HOUSING
Susie Goff has over 27 years of experience in the property management industry and has a proven track record successfully leasing up A+ assets. She oversees the Enclave platform for conventional, market rate properties for Integrated Property Management.
Prior to joining IPM, her employment included working as a Regional Supervisor for the last 15 years, primarily new construction lease ups. Her experience with JLB Partners, CFLane and Grapat Group included leasing up over 35 properties, approximately 11,000 units, in a wide variety of markets ranging over 7 states. Her duties were to set up the operations and monitor the portfolio performance, conduct financial reviews monthly, ensure compliance with ownership directives were met and prepared annual budgets. In addition, she was responsible for team development, marketing initiatives and designed and implemented plans for the new properties, to ensure aggressive leasing goals were met. Her experience also includes managing stabilized assets. Prior to being a Regional Supervisor, she worked with UDR as a Marketing & Training Director to oversee the training of new leasing consultants for over 10,000 units in the DFW area. Her experience has been in all aspects of management and marketing.