Chairman & CEO
Mr. McDowell has 48 years of experience in the real estate industry. As McDowell Properties Founder, Chairman and CEO, he leads the senior team in all aspects of the firm’s business activities and strategic planning efforts and is Chairman of the firm’s Investment Committee. Mr. McDowell also oversees the operations of McDowell Housing Partners, the affordable housing affiliate of McDowell Properties, as its Managing Partner.
McDowell Properties was formed in 2004 and has an equity investment strategy that focuses on the opportunistic acquisition of multifamily properties. McDowell Properties is also an active buyer of subordinate CMBS debt. Since inception the company has purchased over 40,000 rental units valued at over $3BN and has made investments in subordinate, commercial mortgage-backed securities representing $16BN of multifamily loans secured by over 232,000 units.
In 2019 McDowell Housing Partners was formed to build and rehab LIHTC affordable housing with an initial focus on Florida, Texas and Arizona.
Mr. McDowell was a founder and partner of The Fox Group and its successor company Metric Realty, a joint venture with Metropolitan Life Insurance Company, from 1971 until 1993. Fox/Metric invested in and managed over $4 billion in real estate assets, comprising in excess of 400 individual properties located in more than 30 states. Mr. McDowell was Executive Vice President of Fox from 1975 until 1986, in charge of all acquisition, disposition and financing activities, and from 1986 until 1993, he was President and Chief Executive Officer.
Mr. McDowell has extensive experience investing and managing capital as a fiduciary for individual investors in public and private securities offerings and for public pension funds. While at Metric Realty Mr. McDowell raised and managed capital for more than 30 public pension plans, including CALPERS and CALSTRS.
Mr. McDowell is active in numerous industry organizations. He has served on the Advisory Committee for Troubled Projects of the U.S. Department of Housing and Urban Development, as well as the Vice Chairman of the National Multi Housing Council. He is on the Advisory Board of the Fisher Center for Real Estate at the University of California, Berkeley, a member of the Urban Land Institute and a Board member of the National Multi Housing Council.
Mr. McDowell has a BA from Stanford University and an MBA in Real Estate from the Graduate School of Business at the University of California, Berkeley.
BA Psychology, Minor in Economics
Haas School of Business, University of California, Berkeley
MBA in Real Estate
Fisher Center for Real Estate at the University of California, Berkeley
Lambda Alpha International
National Multi Housing Council
Samuel Zell and Robert Lurie Real Estate Center at the Wharton School
U.S. Department of Housing and Urban Development (former)
Urban Land Institute