Our Core Values

We believe that a positive attitude combined with hard work and unwavering integrity are key ingredients to an individual’s success. We believe that encouraging individuals to work together, to communicate honestly and to hold each other accountable ensures success for the company. We refuse to accept the status quo- we challenge ourselves to embrace change and drive innovation to become the leader in the industry.

About Asset Plus

Founded in 1986, Asset Plus Companies is a Houston-based real estate management firm specializing in MAXIMIZING VALUE for owners, developers and investors of conventional, student, affordable, tax credit, military and senior housing nationwide.

With a growing portfolio that includes hundreds of properties across the U.S., Asset Plus provides services that include, property management, asset management, leasing, marketing, financial analysis, construction supervision, accounting, receivership/REO, training, due diligence, acquisitions/dispositions and development. Asset Plus is a member of The Institute of Real Estate Management (IREM), and is recognized as an Accredited Management Organization (AMO). We’re proud of our hard-earned track record and proven results – we invite you to call any of our current and former clients to discuss their experience with the Asset Plus platform. To view some of our client testimonials, click here.

About Asset Campus

Asset Campus Housing is a sister company to Asset Plus and is focused solely on student housing management. Founded in 1998, Asset Campus Housing is now the largest, privately-owned student housing company in the country.

Asset Campus Housing is committed to the success of college students. Our understanding of their lifestyle and needs helps us ensure their success. We build and manage properties that not only serve the needs of our residents and their parents, but also the universities and academic communities.

At Asset Campus Housing, our goal is to provide students with the quality of life that will help them to attain their goals. We provide maximum value through excellence in service, innovation, personal development and ethical standards. We constantly seek opportunities where the development of long-term relationships with universities and private owners will lead to success through our commitment to serving students and their special needs.

About Greystone Asset Management

Greystone Asset Management was formed in 1978 as an apartment development, construction, and management firm in Houston, Texas. Greystone Asset Management is one of the preeminent management companies in the industry and is one of largest pure fee management firms in the Southwest. Greystone Asset Management provides services to owners of multi-family properties ranging from institutions to single investors. The professionals at Greystone are widely recognized as industry leaders by their peers and clients. Senior management is actively involved in regional and local apartment associations, and remain current with industry trends and legislation that impact the operation of its properties.

Greystone has developed expertise in the aggressive marketing, effective lease-up and management of Class A garden-style and mid-rise new construction and the repositioning of Class B and C assets. In addition, Greystone’s personnel have extensive experience with affordable housing programs such as bond financed, Section 8, Tax Credit, RTC, and various other programs. Thus, Greystone personnel are experienced in confronting the challenges of operating a diverse range of assets in varied markets. The company’s ability to properly manage operations and find the right on-site personnel is a key advantage for Greystone. With over 12,000 units under management throughout Arizona, Texas, Colorado, and California, Greystone is a proven performer. Greystone employees pride themselves in maintaining local sub-market expertise to effectively operate the properties. Learn more about Greystone Asset Management joining Asset Plus Companies.

Meet the Executive Team

Michael McGrath

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Michael S. McGrath

Chairman & CEO

Michael McGrath

Michael S. McGrath is President and Chairman of Asset Plus Corporation and Asset Campus Housing. He is responsible for all corporate planning and financial operations, in addition to overseeing all activities of the operating divisions of the company.

Michael began his professional real estate career in 1977 where he served as Vice President of Houston-based Texas Capital Management Corporation responsible for acquisitions, management and leasing of multiple investment properties for a major California investment firm. His career expanded in 1984 as he invested two years in securities syndication and sales of investment real estate properties in Texas on direct participation programs such as the $52 million dollar Hershey Resort Hotel in Corpus Christi, Texas. This experience eventually led Michael to be appointed as Senior Vice President of Houston based Asset Plus Corporation during its inception in 1986. Michael was promoted to President and Chief Executive Officer in 1988 and later acquired Asset Plus Corporation from its institutional-based owner.

Additionally, Michael serves as investor and Co-General Partner on over $350 million in property acquisitions and developments undertaken by the investment affiliate of the company, and over the last 25 years has been involved in the analysis and operation of over a billion dollars of real estate investment properties. He is the former Founder and Chairman of Corporate Living and Relocation Services, the Founder and current Chairman of Asset Campus Housing, Inc., the Chairman of Asset Plus Corporation, and currently serves on the Board of Directors with W.E. Perry Realty Investment Funds. He is licensed with the Texas Real Estate Commission and has held Series 63 and 22 Securities Licenses with the National Association of Securities Dealer (NASD). He is a member of Houston Association of Realtors, Texas Association of Realtors and National Association of Realtors.

Michael S. McGrath
Chairman & CEO
Ryan McGrath

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Ryan McGrath

President

Ryan McGrath

675 Bering Dr., Suite 200
Houston, Texas 77057

O: 713.782.5800
F: 713.268.5111
E: ryan@assetpluscorp.com

Ryan McGrath is an entrepreneurial leader who is disrupting the apartment property management industry by leveraging innovation and emerging technologies to transform the entire business model.

Ryan is responsible for the executive oversight of all divisions of Asset Plus Companies - focusing on strategic direction, operations, business growth and team development. The firmhas over 1,800 employees with $3.12 billion in real estate under management. His firm has been named to Inc’s 500/5000 List as one of the Fastest Growing Companies in America for the
past 3 years.

Prior to his work at Asset Plus Companies, Ryan worked in the investment banking division of Goldman Sachs responsible for the execution of M&A and financing transactions in the industrial, energy, utilities and chemical industries.

Over the past 5 years, Ryan has earned his CCIM designation, CPM designation and Real Estate Salesperson License. He is also a member of Young President’s Organization. Ryan is the youngest member serving on the Houston Apartment Association Board of Directors, National Apartment Association Student Housing Committee, National Apartment Association Executive Forum and the NMHC Student Housing Committee.

Ryan has been named a Top 30 under 30 Leader by both the Journal of Property Management and Student Housing Business. He was also named a Texas CRE Rising Star and a Top 25 Innovator in Real Estate by Broadband Communities Magazine.

Ryan is a 2006 honors graduate of Vanderbilt University where he received his Bachelor’s Degree in Economics. His hobbies include soccer, triathlons and adventure sports.

Ryan McGrath
President
Monica Morrison

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Monica Morrison

CAO

Monica Morrison

Monica Morrison has management oversight and responsibility for all financial functions of multifamily clients and of Greystone Asset Management, including accounting, budgeting and reporting. Monica reviews the monthly property accounting reports and statements across the entire management portfolio, including HUD reporting, HUD audits, conventional audits, etc. She has 30+ years of experience in construction, development, and property management accounting and is a Certified Public Accountant (CPA) in the state of Texas. Monica also handles Human Resources and manages the administration staff and training department. Monica graduated Summa Cum Laude from the University of Houston. She was previously the Chief Financial Officer of a management group overseeing a 33,000+ unit portfolio. Ms. Morrison and David Hargrove have worked together for over 29 years.

Monica Morrison
CAO

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David Hargrove

COO – Multifamily

C. David Hargrove is Chief Operating Officer of Asset Plus Companies in Houston, Texas where he directs all aspects of corporate operations for the multi-family division. Asset Plus manages 20,000+ units in Texas, Indiana and Colorado and has been active in Arizona, North Carolina and California.

Upon graduation from The University of Texas, David worked in the mortgage banking industry with SGF Investment Company and United Savings for 10 years. Prior to his association with Asset Plus, David was a founder of Greystone Management Services in Houston, TX in 1982. He was responsible for all facets of property management and new business development for Greystone during that period. Greystone grew to 14,000 units prior to selling it in 1993 to the entity that became Greystar. David continued to work with Greystar until 2000 when Greystone Asset Management was formed. Greystone Asset Management was sold to Asset Plus Companies in May of 2013.

David is also an adjunct faculty member for the University of Houston – Bauer School of Business where he teaches a graduate level course on multi-family management. David is also a faculty member of the Institute of Real Estate Management and has taught for the National Apartment Association, Houston Community College, and Texas Real Estate Commission. David is a graduate of The University of Texas at Austin and served with the U.S. Air Force/Texas Air National Guard for 6 years where he was responsible for oversight and maintenance of personnel records.

Memberships and Awards:
• President of the Texas Apartment Association (2008/2009)
• President of the Houston Apartment Association (2002)
• Houston Apartment Association’s President’s Award (1996, 1999, 2001, 2004)
• Executive Committee for the Texas Apartment Association (2003-2012)
• Board of Directors for the Houston Apartment Association (1993-2013)
• Industry Achievement Award (1999)
• Institute of Real Estate Management Executive Committee (1999-2007)
• Institute of Real Estate Management, national faculty
• Associate, National Association of Realtors

David Hargrove
COO – Multifamily
Julie Bonnin

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Julie Bonnin

COO – Student

Julie Bonnin

As Chief Operating Officer of Asset Campus Housing, Julie Bonnin has over twenty five years of experience in supervising and managing real estate throughout the United States. Julie joined Asset Plus in August 2001 as vice president of operations for multi-family, which includes conventional apartment communities and hotels. Julie’s business understanding and involvement of operations and new construction lease-ups found her serving in increased capacities which lead her to the transition from multi-family to student housing.

Julie currently oversees the day-to-day student housing operations for Asset Campus Housing, Inc. Her ability to understand the unique components of student housing procedures and her talent for identifying operational issues is one of the many strengths Julie brings to our team. As a byproduct of working for a third party management company for 18 years prior to joining Asset Campus, Julie understands clients’ individual and particular needs as it pertains to specific developments and markets. Her vision and leadership skills help the team specialize in identity creation, and creative marketing and residence life programs geared towards students.

Julie is a 1987 graduate of the University of Houston with an Associates degree in Real Estate Finance and Appraisals.

Julie Bonnin
COO – Student

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Stephen Mitchell

EVP Business Development

Stephen is Executive Vice President for Asset Plus Companies overseeing all acquisition activities and 3rd party management business development efforts. Originally hired as head of the multifamily division, his responsibilities shifted from operations to business development in late 2013 after the acquisition of Greystone Asset Management. Today he is responsible for a team devoted to deal sourcing (both multifamily and student), underwriting, client sourcing, portfolio growth and ongoing client management.

Prior to joining Asset Plus, Stephen spent 9 years in the student housing industry with two firms in Atlanta, Peak Campus Management and Place Properties (the genesis of the Peak Campus senior leadership team), where he was responsible for all business development activities, acquisition activities (sourcing, underwriting, closing), and several other areas during his tenure including capital markets, broker relationships and asset management. Over the course of this combined nine years, he actively participated in sourcing, underwriting, financing and dispositions.

Prior to entering the student housing industry, Stephen worked as a corporate analyst for an Atlanta based not for profit with operations throughout the southeast. During this stage of his career, he worked exclusively with bond financed projects including affordable housing, low-income tax credit properties, nursing homes, assisted living facilities and student housing. Within these areas of real estate, his role entailed asset management, development accounting, executive level reporting and portfolio review/oversight of 3rd party management companies.

Mr. Mitchell cut his teeth in operations while working onsite at several properties across his nine year career with Marriott International at both company owned properties and third party managed facilities.

Mr. Mitchell earned a BBA in Finance from Kennesaw State University and holds an MBA from the top twenty ranked Goizueta Business School at Emory University.

Stephen Mitchell
EVP Business Development

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Rulissa Trout

SVP Human Resources

As Vice President of Human Resources, Rulissa manages the day to day interaction between Asset teams and vendors in payroll, worker’s compensation and benefits. She is directly involved in our talent acquisition and strategic planning for Asset Plus and Asset Campus Housing.

Rulissa has over 17 years of human resources experience working in all facets of the business. Most recently, she served as the Vice President of Agency Development for Maschino, Hudelson & Associates (insurance brokerage) in Oklahoma City providing benefits administration and service for some of MHA’s largest key clients. Prior to working at MHA, Rulissa was a Benefits Analyst for the City of Oklahoma City and worked in human resources administration and housing positions for Oklahoma Housing Finance Agency.

Rulissa is a member of the Society of Human Resource Management and graduated from Southern Nazarene University with a Bachelor’s Degree in Human Resources Management. Additionally, in 2013 she earned The Senior Professional in Human Resources (SPHR®) certification. This accomplishement is recognized as a credential for those who have mastered the strategic and policy-making aspects of HR management in the United States.

Rulissa Trout
SVP Human Resources
Wanda Norrick

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Wanda Norrick

SVP Project Management

Wanda Norrick

As Senior Vice President of Asset Campus Housing, Wanda’s current duties include the oversight of project management and new initiatives for all areas of student housing operations. Wanda brings over 14 years experience in student housing operations along with prior experience as a Real Estate Broker and Manager. Under her supervision the project management team is continually working on and vetting ways to improve resident management systems, reporting, budgeting, software and other areas of property management for student housing. Prior to joining Asset Campus Housing in June, 2007, Wanda served as Regional Vice President at Fairfield Residential. As Regional Vice President; Wanda supervised and oversaw operations, maintenance and administrative functions for the student property portfolio ranging from 3,300 beds to 7,711 beds. Wanda also collaborated with Asset Mangers during sales processes including budget reforecast, lease projections and due diligence.

Wanda Norrick
SVP Project Management
Barrett Kirk

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Barrett Kirk

SVP Development

Barrett Kirk

As Senior Vice President of Development for Asset Plus Companies, Barrett pursues new multifamily and student housing development opportunities throughout the United States. With over 13 years of Commercial Real Estate expertise, his responsibilities include site selection, feasibility analysis, finish selections, third party collaboration, and all other aspects of the development process.

Prior to joining Asset Plus Companies in 2006, Barrett worked for KeyBank Real Estate Capital where he was responsible for the underwriting and closing of over $300 million in commercial real estate construction and acquisition loans. Previous to his banking career, Barrett handled a range of valuation and litigation related engagements for Arthur Andersen in Houston.

Barrett holds a Master of Land Economics and Real Estate degree from Texas A&M University, and earned his Bachelor’s degree in Business Administration at Austin College in Sherman, Texas. He often returns as a guest lecturer for the Texas A&M Real Estate program to speak with undergraduate and graduate level classes.

Barrett Kirk
SVP Development
Mark Lindley

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Mark Lindley

SVP Construction

Mark Lindley

As Senior Vice President of the Construction Division, Mark manages all aspects of construction for new developments, tenant improvements, and operations. On a daily basis, Mr. Lindley is responsible for
coordinating and managing the entire construction process, including oversight of outside general contractors, project management, architectural review, space planning, value engineering, municipal review, competitive bidding, contractor selection, budget management, field supervision and final turn over, to increase speed of execution and ensure the highest quality outcome on every project.
With over 30 years of experience in construction and project management, Mark has been responsible
for all phases of construction of multi-family, office, and retail projects in markets across the country, including Texas, North Carolina, Georgia, Louisiana, Missouri, Virginia, West Virginia, Massachusetts, Rhode Island, Arkansas, Oklahoma, Arizona, Florida and Tennessee. Mark was previously employed with some of America’s leading multifamily developers and builders, such as Hanover Company and Nash Phillips/Copus. Mark’s broad experience has been recognized in many award-winning projects that have been brought in on time and under budget.

Mark Lindley
SVP Construction
Randall Husmann

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Randall Husmann

CFO

Randall Husmann

Randall Husmann has worked as Chief Financial Officer for both Asset Plus Corporation and Asset Campus Housing since 2007. Randall brings over 38 years of financial experience to our team. Prior to Asset Plus, Randall was Chief Financial Officer for The Dinerstein Companies for 22 years. Randall has a record of achievement and demonstrated success in the enhancement of tax benefits/savings and cash management.
As Asset Manager for numerous Tenant In Common commercial, multifamily and student housing properties, Randall has upheld the responsibility for overseeing accounting, leasing, working with lenders and interfacing with multiple Co-Owner groups handling all aspects of operational stage through disposition; whether by sale, deed-in-lieu or foreclosure.
Randall is a Certified Public Accountant (CPA) who began his career in 1976 with Deloitte Touche, where he achieved the level of Senior Manager (Tax) and was responsible for compliance and consulting for real estate clients

Randall Husmann
CFO
Nancy Kovar

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Nancy Kovar

Controller

Nancy Kovar

Nancy joined the Asset Plus team in 2010 with over 27 years of professional real estate accounting experience. Nancy has fostered exceptional growth within the Asset Plus Accounting division and excels in training and motivating team members. Most recently, she was Chief Financial Officer of Chancellor Property Management Co. in Houston (formerly InterCapital Properties, Paragon Group and Property Company of America) where she served for 25 years. Nancy was responsible for all functions of accounting operations and financial reporting. She has extensive experience with tax compliance, HUD reporting, acquisitions, new construction, and investor reporting. Prior to working at Chancellor, Nancy was an auditor for Kenneth Leventhal & Co. in Houston, a national CPA firm serving a broad base of real estate clients.
Nancy is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. She graduated from the University of Houston and holds a Bachelor of Business Administration in Accounting.

Nancy Kovar
Controller
Ruth Ford

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Ruth Ford

Controller

Ruth Ford

As Vice President, Ruth Ford is responsible for the supervision of the Asset Plus accounting department that services over 8,500 single and multi-family units, numerous office and residential condominium associations as well as over 850,000 square feet in commercial office and retail properties. She supervises all corporate operations of the Bryan office. She reviews all rent rolls, collection reports, write-off reports, delinquency reports, prepaid reports and closing reports to insure their accuracy. She supervises the reconciliation of the bank statements for all managed properties. She is also responsible for processing all company payroll through several payroll services. With the help of these payroll services, she monitors the group health insurance and other company benefits such as vacation and sick time. Ruth is the longest termed employee within the organization and has served as property accountant, controller and Vice President of the Financial Division for the company for over eighteen years. Using her knowledge, she has implemented Financial and Management reports that are used by property owners throughout the industry as exemplary reporting procedures.

Ruth is a 1981 graduate of Northwestern State University with a Bachelor of Arts in Business Administration. Ruth is a member of the Bryan/College Station Apartment Association and the Bryan/College Station Chamber of Commerce.

Ruth Ford
Controller

Asset Plus Clients

Texas Student Housing
Mutual of Omaha
Bridge Partners
Amegy Bank of Texas
Cargill
Harrison Street Real Estate Capital
UCF
WAFRA
Gross + Cohen Collegiate Housin
PSP Capital
Clark Enterprises Inc.
Mitsubishi
Kayne Anderson Capital Advisors L.P.
Chance Partners
Tribridge Residential
Gibraltar Capital and Asset Management
Rael Investment
EMET Capital Management