Principals
The DPFG professionals have combined experience of over 191 years in consulting to the real estate industry.
John Foreman
President and CEO
John has been advising clients in the real estate consulting business for the last twenty-seven (27) years. Prior to the formation of DPFG, Inc. in 1991, John spent nine years (9) in tax, audit, and consulting positions with the national accounting firm of Kenneth Leventhal & Company.
During the course of his career John has accumulated significant industry experience in areas such as; valuation of multiple land uses, public/private sector negotiations, cash flow analysis of projects and portfolios, development cost evaluations, entitlements to development, taxation strategies, public finance applications on development, litigation support, redevelopment district development ,expert witness testimony, development impact on school districts, land acquisition, due diligence, project leasing, special financing district restructuring, auditing of companies, and market analysis and recommendations.
John is a licensed Certified Public Accountant, inactive, in the State of California and received his Bachelor of Arts degree in Accounting from California State University – Fullerton. John is an accomplished speaker, presenter and author of various articles on a multitude of real estate topics.
Peter Piller
Managing Principal of the Orange County, CA Office
Peter is the co-founding principal of DPFG. Prior to the establishment of DPFG, Peter spent eight years with the national accounting firm of Kenneth Leventhal & Company in the Newport Beach office. Peter has a Bachelor of Arts degree in Accounting from Cal State University, Fullerton.
Peter has over twenty two years experience in the real estate industry with the vast majority of those years focused in real estate consulting. Aside from general real estate experience, Peter has special emphasis in planning and implementing land secured public financing districts, performing valuation and feasibility analysis on all types of land uses, planning and implementing redevelopment related projects, and planning and implementing the financing of public school district projects. Peter is a member of several Building Industry Associations.
Carter Froelich
Managing Principal of the Phoenix, AZ Office
Carter is the Managing Principal of DPFG's Phoenix, Arizona office. Prior to the opening of the DPFG Phoenix office in 1994, Carter was manager of the real estate consulting department of the national accounting firm of Kenneth Leventhal & Company in both the Phoenix, Arizona and Newport Beach, California offices. Carter is a Certified Public Accountant in both California and Arizona, a State Certified Real Estate Appraiser in the state of Arizona, and a candidate for membership in the Appraisal Institute. Carter holds a masters degree in Real Estate Development from the University of Southern California and a Bachelor's degree in Business Economics from the University of California, Santa Barbara.
Carter has over twenty-seven years of experience in the real estate industry with twenty-three of those years focused in real estate consulting. Carter's area of specialty is in the formulation and implementation of land secured financings both private and public for large scale developments, the preparation of market driven land use plans, the preparation of feasibility analysis for all types of real estate, development impact fee analysis, and the formulation of development strategies for large scale master planned communities. Carter has also assisted developer, home builders and home builder associations across the country in the review and critique of Development Impact Fee studies.
Carter is a former member of the City of Phoenix's Camelback Village Planning Committee. Carter is a member of the Urban Land Institute, the Valley Partnership, the Central Arizona Home Builder's Association, the Southern Arizona Home Builder's Association and the Building Contractor’s Association of Southwestern Idaho. Carter was instrumental in the update of the 2008 National Association of Home Builder’s Impact Fee Handbook and is a regular contributor of content to the Arizona School of Real Estate and Business monthly publication.
R. Chris Lightburne
Managing Principal of the Orange County, CA Office
Chris is the Co-Managing Principal of the Orange County Office where he responsible for providing a diversified range of real estate consulting services including cash flow services, portfolio and asset analysis, restructuring and asset management, the development and implementation of public finance and real estate development related strategies for land developers and builders, analyzing fiscal impacts of new developments, redevelopment financing , establishing rates, charges and development impact fees. Chris has also worked on behalf of the development community throughout California in analyzing and negotiating development impact fees, school fees, and maintenance and services taxes. He has over 21 years of experience in financial analysis, real estate economics, public finance, capital markets, information technology and accounting.
Chris served as a manager of consulting with Kenneth Leventhal & Company (Later Ernst and Young Kenneth Leventhal Real Estate Group) in Newport Beach, California. Client engagements included strategic planning, public finance, real estate portfolio acquisition and disposition, market and feasibility studies, mortgage backed securities, restructuring and reorganizations, and audits of public and private companies. Chris's past experience also includes senior management positions for three start-up/high growth companies involved in manufacturing and media where he was responsible for finance, information technology, operations, real estate and facilities, sales and marketing, and strategic planning. Chris holds a BA in economics from the University of California, Los Angeles and is a Certified Public Accountant, inactive, in the State of California.
Chris Austin
Managing Principal of the Sacramento, CA Office
Chris is the Managing Principal of the Sacramento office. Chris has been working with the firm since 1998, and has been involved in providing consulting services on over 200 projects and the financing of over $800 million in public improvements for developer and builder clients in California, Nevada and Washington.
Chris's experience includes general real estate consulting matters with specialized experience in planning and implementing public financing districts, negotiating and documenting school district financing transactions, fiscal impact analysis, and development feasibility analysis for both residential and non-residential properties. Additionally, Chris has recently been involved in negotiating and tracking impact fee reimbursements for recent portfolio acquisition from a national home building company. Chris has also worked on behalf of the development community throughout California in analyzing and negotiating Development Impact Fees.
Chris is a member of the North State Building Industry Association, Urban Land Institute, Building Industry Association of Central California and the Home Building Association of Northern California. He has recently been selected by his peers as a Committee Member for the California Building Industry Association Impact Fee Task Force. Chris received his Bachelor of Science degree in Finance from Arizona State University.
Jon Snyder
Managing Principal of the Nevada and Texas Offices
Jon is the Managing Principal of DPFG's Nevada and Texas offices. Aside from general real estate experience, Jon has special emphasis in planning and implementing public financing districts to fund capital improvements such as Special and Local Improvement Districts (SIDs and LIDs), Public Improvement Districts (PIDs), General Improvement Districts, Tourism Improvement Districts, and Tax Increment Areas. Jon has also been involved in creating General Improvement Districts for the purpose of owning, operating, and maintaining public infrastructure. Other areas of experience include evaluating development feasibility and preparing fiscal impact analyses to determine the economic impact of proposed development.
Jon holds a Bachelor of Science degree with a dual major in Mathematics and Economics from the University of Redlands and is a member of the Southern Nevada Home Builders Association, HBA of Greater Austin and the Urban Land Institute.
Maik Aagaard
Managing Principal of the Florida Offices
Maik Aagaard is the Managing Principal of the Florida Offices of DPFG, Inc. Maik’s client engagements include real estate consulting with emphasis in strategic planning for REO assets, public financing, cash flow feasibility analysis, assessment methodologies, fiscal impact analysis, and development impact fee analysis. Maik has been involved in providing consulting services for private and public sector clients related to special district formation, implementation, financing and management on over 80 projects, financing approximately $500 million in public infrastructure in California and Florida. Most recently advised a group of 5 banks with respect to a developer workout proposal for an approximately $175 million syndicated revolving credit facility secured by about 9,000 lots including assessing funding requests for development and operating expenditures.
Maik is a member of the Urban Land Institute and the Home Builders Association of Metro Orlando. He holds a university degree in economics after completing related coursework at the University of Wales, Great Britain, and Christian-Albrechts-University at Kiel, Germany.
Rick Rosenberg
Managing Principal of the Texas Office
J. Richard Rosenberg is a Managing Principal in the Texas office of the Developmental Planning & Financing Group, Inc. In this capacity, Rick focuses on the firm’s Capital Market and Financial Advisory Services including strategic planning, investment analysis and transactional activity at both the project and entity level including recapitalizations, restructurings, and sourcing new equity and debt capital for investments and developments. Rick has over 29 years of extensive real estate experience, encompassing the investment analysis, acquisition, deal structuring, equity sourcing, asset management and financing of both commercial and residential real estate transactions located throughout the United States and valued in excess of $1.0 billion.
Prior to joining DPFG, Rick was the Vice President of Investments for the Cole Companies, the Chief Financial Officer for the Arizona Division of Centex Homes, the Chief Financial Officer and Director of Land Acquisitions for the Houston Division of K. Hovnanian Homes, and the Chief Financial Officer for MAXXAM Property Company. In addition, he has over ten years of prior consulting experience providing investment advisory services to developers, public agencies, Fortune 500 corporations and institutional investors. Rick has a Masters in Management degree with a dual concentration in Finance and Management Policy from Northwestern University’s Kellogg School of Management and a B.S. with a concentration in Accounting from the Wharton School at the University of Pennsylvania.
John Daugirda
Principal
John Daugirda provides real estate consulting and financial advisory services to Florida developers. He has extensive experience in creating and managing Community Development Districts and other Special Taxing Districts, and in issuing development bonds for master planned communities. He works from Tampa and Winter Park offices.
He previously directed the Severn Trent management team that administered 120 districts throughout Florida. He led the ST financing team and has testified in support of bond approvals exceeding $4 billion. He has extensive experience in the municipal bond issuance process.
In addition, John has 20 years experience as an attorney, degrees from Johns Hopkins University and the University of Baltimore, and is a black belt in martial arts.
Eric Brown
Principal
Eric draws from 30 years of experience in selling, developing, analyzing and consulting on real estate throughout the Western United States. His past development experience includes designing and developing the NAHB’s 1997 Best Active Adult Community in the Nation, Arizona Traditions. In 1998 he founded Artisan Homes, a nationally recognized development and construction firm focused on high-density single family, town home, loft, mixed-use and live / work communities in the greater Phoenix area. His developments have earned numerous local and national awards including Professional Builder Magazine’s Grand Award for National Project of the Year in January 2006 and Builder Magazine’s Builder’s Choice Award for Best Live/Work Community in the Nation in October of 2006. Sensing that the market was peaking he sold his company to a NYSE homebuilder in late 2004. In addition to his years of development experience, Eric has an impressive consulting background including years as the Managing Partner in the Los Angeles office of The Meyers Group, a national market research firm and more recently as a Managing Director at the prestigious Robert Charles Lesser Company.
A graduate of Arizona State University, Eric has taught classes on development at the University of California, Irvine and is a frequent guest speaker at his Alma Mater. He has written numerous articles on topics concerning real estate development. Known for his entertaining and enlightening presentations, he has been interviewed on shows such as CNN, The Today Show, and Wall Street Week in Review to name just a few, and has spoken at numerous conferences around the world including as the keynote speaker for National Real Estate Conferences in Australia in 2004 and in New Zealand in 2005.
He has been called a “Guru” on Real Estate Trends by The Los Angeles Times and has twice been named one of the Ten Most Influential People in Real Estate by the Phoenix Business Journal and was awarded the 2003 DREAMR award by the Downtown Phoenix Partnership for his work in revitalizing Downtown Phoenix. Eric is currently the Chairman of the Design Review Standards Commission for the City of Phoenix and continues to judge local, national, and international design competitions.
Price Nosky
Principal
Price is a Principal in DPFG’s Phoenix, Arizona office and has over 17 years of work experience in Real Estate Development. Prior to working at DPFG, Price was the Director of Land Development for Centex Homes in Arizona. In this capacity Price was responsible for the supervision of the land team accountable for the development of over 15 different communities. Over his career, Price has worked for several large public homebuilders and developers specializing in the design and engineering of master planned community and commercial projects. Moreover, Price has extensive experience in the planning, engineering and construction of large scale water, sewer and transportation infrastructure that involved municipalities, agencies and private utility companies. At DPFG, Price is the national manager for entitlement and development services for our clients. Price holds a bachelor’s degree in Architecture from University of Arizona and a Master’s of Business Administration from Boston University.
Brett Lundequam
Principal
Brett is a Principal in our Orlando, Florida office where he provides a variety of real estate consulting services including asset management, strategic planning, feasibility analysis, project evaluation, project management, due diligence and financial management.
Prior to joining the firm Brett spent over 15 years with Centex Homes, most recently as the Florida Division President. Brett has gained extensive experience in all operational aspects of homebuilding including Finance, Land acquisition, Land Entitlement, Land Development, Construction, Procurement, Sales and Marketing. Brett actively managed and directed a land portfolio valued at over $400,000,000 that included over sixteen thousand lots, forty-eight homeowner’s associations, four golf-courses, seven community development districts and seven joint ventures.
Brett attended the University of South Florida where he earned a Bachelor of Science Degree in Business Administration. He majored in Finance. Brett is a member of the Home Builder’s Association of Mid-Florida and the Young President’s Organization and he is a Florida Certified General Contractor.
Geoff Appleyard
Principal
Geoffrey Appleyard is a Principal in the Phoenix office of the DPFG, Inc. Geoff’s primary firm focus is on Strategic Planning, Capital Markets, Financial Advisory, and Development Services. Geoff has over 24 years of experience in real estate and has extensive expertise with CFO responsibilities that include: acquisitions analysis, major asset disposition, financial management and reporting, corporate, project, and public finance, HR issues and organizational planning.
As CFO of SunCor Development Company (“SunCor”), Geoff assisted SunCor to become the first developer in Arizona to extensively use Community Facility District (“CFD”) financings. Thru mutually beneficial relationships involving SunCor and various cities, SunCor formed seven CFD’s in Arizona with over $450M in bonding capacity.
SunCor was also successful in financing arterial improvements thru the use of Improvement District (“ID”) financings in New Mexico and Utah. Geoff also completed the issuance of Industrial Development Authority (“IDA”) Bonds to build an environmental award winning and state of the art sewer plant for Litchfield Park Service Company (“LPSCo”) in Goodyear, Arizona. LPSCo was SunCor’s water and sewer utility. Upon the maturity of the operations of LPSCo, Geoff negotiated the sale of the company to a Canadian firm.
During his tenure as CFO of SunCor and Brown Family Communities, these two organizations used a wide array of financing alternatives from private offerings to project finance to corporate lines of credit in addition to the CFD, ID, and IDA tax exempt financings. During this time, every financing was structured to fulfill the developer’s needs while mitigating the lenders risks.
Geoff is a frequent speaker at developer and government sponsored seminars involving Real Estate Development and Finance. Geoff holds an Accounting Degree from Kent State University.
Chris Cole
Principal
Chris is a Principal in the Orange County, CA office. Chris has been with the firm since 2003, and has been involved in providing consulting services on over 225 projects and the financing of over $950 million in public improvements for developer, builder and financial institution clientele in California.
Chris's experience includes real estate consulting matters with specialized experience in planning and implementing public financing districts, negotiating and documenting cost sharing agreements, development agreements, school district financing transactions, fiscal impact analysis, and development feasibility analysis for both residential and non-residential properties. Chris currently serves as the head of DPFG’s Disclosure Services.
Prior to joining DPFG, Chris worked for a California based lobbyist firm as a Legislative Analyst and Lobbyist. He advised legislators and other policy makers of client issues and concerns. He researched policy issues, monitored legislative hearings and participated in policy briefings related to legislation and regulatory issues on the local and state level. Representative clients were from a variety of industries including the home building industry, automobile and aircraft, shipping, local government and financial institutions
Chris is a member of the Home Builders Association of the Central Coast where he currently serves as a member of the Government Affairs Committee. Chris received his Bachelor of Arts degree from California State University, Chico.
