Jay R. Schochet is Chairman of the Board of Schochet Associates and Federal Management Co., Inc., companies which he founded in 1973. Prior to launching his own real estate development and management company, Mr. Schochet spent ten years in the Boston real estate community, most notably as Managing Partner and then President of The Codman Company. Mr. Schochet graduated from Dartmouth College in 1952.
Under the auspices of Schochet Associates, Mr. Schochet has concentrated on the development and acquisition of residential and commercial properties on both the East and West coasts. He is a recognized leader in the development of creative methods to finance and preserve affordable housing. Over the course of his career he has developed almost 2,000 units of affordable housing located throughout New England, each of which provides a safe, decent, and secure living environment for its residents.
He is a member of the Greater Boston Real Estate Board, the Rhode Island Real Estate Board, the National Association of Home Builders, the National Association of Realtors, and the Chambers of Commerce of Boston and Newport, Rhode Island. He is a veteran of the Korean War, and has served on the Boards of the Newport Art Museum, the Martin Luther King Center, the National Tennis Club, and the Court Tennis Foundation.
Richard J. Henken, President
Richard Henken officially joined The Schochet Companies as its Executive Vice President in 1997, after having been affiliated with, and an advisor to, the company for more than a decade. In 2004, Mr. Henken became President of the Schochet Companies including Schochet Development, Schochet Investments, and Schochet Property Management (Schochet's wholly owned property management subsidiary). Since joining the company Mr. Henken has been responsible for closing transactions with a total value in excess of $400 million, including the acquisition and preservation as affordable of over 2,800 apartments in sixteen developments.
Mr. Henken earned Bachelors and Masters Degrees in Economics from Tufts University, and a Master of Science degree in Management, with concentrations in Marketing and Finance, from the Sloan School of Management at MIT. Prior to joining Schochet Associates, Mr. Henken was a marketing and strategy consultant to Fortune 500 companies and held senior marketing positions in the financial services and consumer packaged goods industries.
Mr. Henken sits on several Boards of Directors, including the Catholic Schools Foundation Inner City Scholarship Fund where he is President; the Rental Housing Association of the Greater Boston Real Estate Board (GBREB) where he is past President, past chair of the Affordable Housing Committee, and currently serves as Chairman of the GBREB Government Affairs Committee; the National Apartment Association where he serves as a regional vice president; Hebrew Senior Life, where he co-chairs its Housing Committee; the Jonathan M. Tisch College of Citizenship and Public Service at Tufts University; Jewish Family Services of Metrowest; and Discovering Justice. He is a member of the Economics Advisory Board of the Tufts Graduate School of Arts and Sciences, and the Dover (MA) Housing Partnership.
Rick is the recipient of the 2011 Distinguished Service Award of the Tufts University Graduate School of Arts and Sciences; the 2012 recipient of the Retirement Housing Foundation Friend of the Elderly Award; and the 2012 recipient of the B'nai B'rith Housing Distinguished Achievement Award.
David Flad joined Schochet Associates as its Executive Vice President of Asset Management in June 2009. He also serves as Chief Operating Officer of Federal Management (Schochet’s wholly owned property management subsidiary). Mr. Flad is responsible for asset strategy, and capital investment planning and management as well as property operations, capital projects, leasing, and regulatory compliance for Schochet’s market rate and affordable multifamily portfolio, and its retail and commercial properties.
Mr. Flad earned a Bachelor of Arts degree with high honors from Boston University and a Master of City Planning degree from MIT. He has also earned certificates from the Mid-Career Executive Program at the MIT Sloan School of Management and the MIT Center for Real Estate. Mr. Flad holds the designation of Certified Property Manager (CPM) from the Institute of Real Estate Management (IREM) and of Certified Credit Compliance Professional (C3P) from Spectrum Seminars, Inc.
Since 1983, Mr. Flad has actively managed and repositioned A, B and C grade market rate, tax credit, and subsidized, multifamily investment assets. He has held select executive and senior level corporate positions in the real estate industry, most notably Vice President and Partner at The Boston Financial Group, a national owner and manager of multifamily investments, and Principal of New Facets Consulting, a practice specializing in organizational change management and project management for real estate firms. Mr. Flad currently serves as President of Temple Emeth in Chestnut Hill and has served on the Board of Directors and as Vice President for Operations of the Solomon Schechter Day School of Greater Boston.
Albert A. Rodiger joined the firm in May of 2008 as Vice President of Acquisitions and Development. Bert has worked for over twenty years in the real estate industry, with a particular emphasis on public/private transactions and the affordable housing sector.
His previous professional experience included serving as Consulting Director of the Real Estate Group at RSM McGladrey Inc., a national accounting and consulting firm and successor entity to American Express Tax and Business Services. Prior to consulting, he served with Massachusetts Department of Housing and Community Development (DHCD) as Director of the Low Income Housing Tax Credit Program. In this position, Mr. Rodiger was closely involved in several different housing development program activities, including the creation of the Massachusetts Low Income Housing Tax Credit. Mr. Rodiger's work has primarily focused on the permitting and financial structuring of transactions with public sector enhancements.
Peter Lewis joined Schochet Associates in November 2006 as Vice President of Property Management. Mr. Lewis has over twenty years experience in the affordable housing industry, having begun his career as a site manager. His broad experience includes regional management of portfolios as large as 1,500 units as well as responsibility for regulatory compliance for a portfolio of over 3,000 units.
Mr. Lewis has worked in virtually all segments of the affordable housing industry, including stints with a non-profit and a state housing finance agency, where he was responsible for ensuring the adequacy of the physical and financial condition of approximately 22,000 units administered by the Rhode Island Housing & Mortgage Finance Corporation. In addition, Peter has worked in the market rate housing arena as a regional manager for both market rate rental properties as well as condo associations.
Tom Furtado joined Schochet Associates as construction manager in 1997 and was promoted in 2005 to Director of Facilities. As construction manager Tom was responsible for overseeing over $60 million in new construction and rehabilitation of acquired properties. Projects included the construction of the South End Health Center and the renovations of Symphony Plaza East and West, the Stearns Building, Seabury Heights, King James Apartments, and Pine Crest Apartments. Leading moderate rehabilitation efforts in the very heavily regulated tax credit arena, Tom successfully delivered, on time and on budget, projects of significant scope and scale that were carried out without any relocation of existing residential tenants. Now, as Vice President of Facilities, Tom oversees all maintenance, construction, and facilities management projects and programs across the portfolio.
Tom currently holds a Massachusetts Construction Supervisor’s license, is an EPA Certified Renovator, and has earned a class 1 BOC certification after extensive training in today’s environmental and building operation systems.
Brian Tewksbury joined The Schochet Companies in 2008 as the Corporate Controller. Prior to joining The Schochet Companies he worked as a manager for Novogradac & Co., LLP, a nationally recognized public accounting firm specializing in real estate and affordable housing. Mr. Tewksbury currently serves as the Vice President of Finance for all affiliated entities within The Schochet Companies.
Mr. Tewksbury expertise is in the affordable housing real estate programs. He has a vast knowledge with the regulatory agencies and federal programs such as HUD, LIHTC, MassHousing and CHFA. He works closely with third parties to ensure all of the financial reporting commitments are completed both timely and cost effectively.
Mr. Tewksbury received his MS in Accounting from Northeastern University and his Bachelor of Science degree from Saint Michael’s College.
Theresa Cook joined Schochet Associates in December of 2005 as Executive Assistant to the President. Theresa has maintained many roles and responsibilities within the firm, most notably as the primary point of contact to address the concerns of our residents and clients. Ms. Cook’s current responsibilities include the role of Schochet Property Management’s Fair Housing Compliance Officer. She has served as the organization’s 504 Coordinator since 2010 and received her Fair Housing Compliance (FHC) designation from the National Affordable Housing Management Association (NAHMA) in 2012. Theresa was promoted to Director of Client Services and Administration in 2012 and is responsible for ensuring Schochet Companies’ clients’ needs are addressed through reporting and communication.
Grace is a recent addition to the Schochet team, serving as the new Director of Compliance. Prior to joining The Schochet Companies, Grace served two consecutive terms as the president of the New England Affordable Housing Management Association (NEAHMA) and was awarded NAHMA’s National Affordable Housing Professional-Honorary Designation (NAHP-h). Grace is responsible for developing and conducting nine training courses in a variety of specialized federal and state housing programs including the Low Income Housing Tax Credit, HUD’s Enterprise Income Verification (EIV) System, 4350.3 REV-1 Occupancy Handbook, Limited English Proficiency, REAC Uniform Physical Standards and Lead-Based Paint. After earning a Bachelor of Science Degree in Business Education from Suffolk University, Grace worked as a Secondary-Level Business Education teacher in Massachusetts before joining The Community Builders, Inc., New England Affordable Housing Management Association, and finally serving as a Principal of Housing Resource Group, LLC. At Schochet she uses her extensive property management, training, and regulatory compliance experience to uphold Schochet’s core values.