Chief Executive Officer of TM Associates, Inc., Robert “Bob” Margolis has over 20 years of real estate development and property management experience. Taking over as CEO in 1996 from company founder Tevis Margolis, Bob has been sitting as CEO for 21 years and doubled the size of the company during his tenure.
Bob holds an MS in Business Administration from American University as well as a BA in Real Estate and Construction Management from the University of Denver.
Bob has also been involved as a general partner in the ownership, development, and preservation of over 100 HUD and USDA-RD subsidized housing projects, totaling over 7,000 units.
Tim BarilaSenior Vice President of Development
Tim Barila joined TM Associates as the Senior Vice President of Development in January of 2018. Prior to TM, Tim spent 4 years with the Severn Companies as Vice President of Development and 25 years working in a similar role at the Humphrey Companies. He successfully developed over 30 projects including new construction and acquisition/rehabilitation as market-rate and affordable housing communities. Additionally, he has refinanced over 20 projects using a variety of financing programs and was responsible for all activities involved with loan closings. Tim is familiar with a multitude of financing programs used to develop and refinance projects including conventional loans, Federal and State agency loan programs, syndication using Section 42 tax credits, GSE loan programs, participating lender loans, mezzanine debt, and tax-exempt bonds. He is well versed in contract negotiation involving development teams of architects, engineers, and general contractors.
Tim holds a BBA in Business Management from James Madison University and an MBA in Real Estate and Urban Development from American University.
Executive Vice President of T.M. Associates, Inc., Adam has over twenty years of experience in the real estate industry and nearly 20 with TM Associates. During his years with TM Adam has been successful in receiving over 100 awards of LIHTC financing from many State Housing Finance Agencies for properties located in Washington, D.C., Maryland, New York, Pennsylvania, Virginia, West Virginia, Delaware, and North Carolina. Adam has held leadership positions within housing organizations, given presentations as a subject matter expert in rental housing financing, and received accolades in recognition for his work in the industry. Adam is a graduate of American University with a Bachelors Degree in Finance and a minor in Economics.
Neil Mutreja is currently serving as the Vice President of Development for TM Associates. Neil came to TM in 2004 as a Development Officer, gaining 12 years of experience alongside the company. Neil is responsible for the management of projects for real estate development specializing in acquisitions, renovations, and new construction of affordable housing communities. Within this role Neil oversees project performance and efficiency with extensive due diligence towards Investors/Syndicators, construction lenders, and various State Housing Agencies. He has experience acting as liaison between private and governmental organizations and marshaling resources to ensure project completion within specific program, time, and budget specifications.
Neil has worked throughout the Mid-Atlantic region with a wide range of programs and agencies, including HUD, USDA-RD, Freddie Mac, LIHTC, VHDA, WVDHF, DHCD, and FHLB. He holds a BA in Economics from University of Maryland, College Park. Neil has a strong background in finance modeling and strategic planning, and is particularly interested in Business Development within affordable housing.
Tony joined TM Associates in 2015 as a Development Officer and was quickly promoted to Senior Development Officer. He began his career in housing as a Property Manager with Benchmark Properties in Washington, D.C. managing a large portfolio of market and affordable properties. As a Senior Development Officer at TM, Tony is responsible for locating new opportunities and developing new projects, specifically focused on the Low Income Housing Tax Credit program. Tony’s career took him around the world in his role as Senior Vice President, International Operations with Federal News Service, where he developed significant corporate business development, management and operations experience working in Russia, the U.K. and Mexico. Tony also developed federal legislative expertise as a Senior Consultant with Congressional Quarterly and as a Strategic Consultant for Bloomberg LP in Washington, D.C. He also played in role in several major tech startups including Marketwatch.com, Critical Mention, and Audible.com.
Tony holds a B.A. in Business Administration and Operations from University of Maryland.
Ari Severe has been with TM Associates since 2000. Having previously worked at Gateway Management, he came to TM as a Staff Accountant for TMAM before shifting over to the TM Associates Development team in 2001. Ari worked his way up from a Junior Development Officer to his current position of Executive Vice President of Finance. He is currently responsible for underwriting, financial application submission, lobbying, and Governmental Regulations. Ari is an expert in both new construction and rehabilitation projects and has worked with USDA-RD, HUD, LIHTC, and FHLB programs. He holds a B.S. in Accounting and Finance from University of Maryland and is a Certified Public Accountant.
Noah Hale joined TM Associates in 2015 as a Regional Property Manager, bringing five years of formal property management experience and a wealth of knowledge passed down from three generations of his family’s affordable housing development and management companies. As a Regional Manager, Noah was responsible for up to 17 properties and 2,150 units. In 2016, Noah moved to the TM Development team as a Development Officer where his responsibilities shifted from traditional management roles to project acquisition and performance. Noah is active within the full-life cycle of the development process from origination to the coordination and completion of competitive tax credit applications. Noah has extensive knowledge of LIHTC, HUD, and USDA RHS programs, as well as hands-on experience with substantial rehabilitations as a Project Manager. Noah’s specific interests focus on design-driven affordable housing developments that reflect the communities around them. Noah holds a B.S. from the University of Florida in Resource Economics and is President of Young Leaders in Affordable Housing, an affiliate of the National Housing Conference.
Certifications: Certified Professional of Occupancy (CPO), Housing Credit Certified Professional (HCCP), Spectrum Training Award Recipient (S.T.A.R. RD 515).