Chesapeake Realty Partners builds on more than 74-years of success in the Mid-Atlantic real estate market. We have been actively engaged in all aspects of real estate development – land acquisition, land planning and land development; construction of for-sale housing; construction and operation of residential rental communities; and construction and operation of commercial properties. The wide range of activities within our organization has been a singular advantage and source of financial strength and stability.
Chesapeake Realty Partners maintains a disciplined, yet entrepreneurial approach to real estate development. Since its founding in 1946 by Morton J. Macks, the Company has a history of innovation and creativity. Early on, the Company undertook a fully-integrated approach to large-scale suburban developments, including entitlement processing, land planning, product design, land development and site infrastructure, marketing, sales, and vertical construction. We still maintain all essential development skills in-house, from project planning through construction. The Company also manufactured housing and pioneered now well-established techniques such as clustered development, horizontal condominiums, adaptive reuse, mixed-use development, and standardized quality control. Throughout its history, the Company has benefitted from stable banking and professional relationships, built on a platform of competence and integrity.
In the ’80’s leadership passed from Morton Macks to his son, Lawrence Macks, and his son-in-law, Josh Fidler. The business evolved into its present form as a diversified builder-developer. The company continued its tradition of innovative land planning and large-scale residential, retail and mixed-use developments.
Through BV and the Macks Family Office, Mr. Macks and Mr. Fidler are active venture capital and private equity investors, counseling entrepreneurs on such issues as building management teams, creating capital structures to facilitate growth and establishing marketing and sales strategies. Mr. Macks is a founder and Board member of ROTI and sourced the Macks Family Office investment in WeWork. Mr. Fidler is Chairman of Private Client Resources and a Board member of BroadTree Residential, AgriFiber Holdings, Home365 and BurnAlong.
Mr. Macks is responsible for all facets of residential and commercial development, including land acquisition, development, contracting, marketing, and government relations. He is a member of the Maryland Bar; twice elected President of the Baltimore County chapter of the Homebuilder’s Association of Maryland; participated in numerous other industry activities; and served on several governmental advisory boards. Mr. Macks currently serves on the Boards of Roti Mediterranean Grill (Roti.com), the Lyme Disease Foundation and the University of Pennsylvania Parent’s Leadership Committee. Mr. Macks is the President of Associated: Jewish Charities of Baltimore. Mr. Macks is a Founding Partner of Boulder Ventures, Ltd. Mr. Macks graduated from the University of Maryland School of Law in 1984 and from Washington University in 1981. He is the brother-in-law of Mr. Fidler.
Mr. Fidler is responsible for project acquisition, design and development, contracting, operations, leasing, finance, legal affairs and administration. He was formerly a practicing attorney with Paul, Weiss, Rifkind, Wharton & Garrison in New York, specializing in general corporate and federal securities matters. From 2003-2011, Mr. Fidler served on the Board of Directors of Home Properties, Inc. (NYSE: HME). He serves on the Board of BroadTree Residential, which acquired three properties from CRP in an UPREIT transaction in 2018. Mr. Fidler also serves on the Boards of Private Client Resources, BurnAlong, AgriFiber, Johns Hopkins Medicine and the Baltimore Community Foundation (Vice Chairman). Mr. Fidler is a Founding Partner of Boulder Ventures, Ltd. Mr. Fidler received his law degree from N.Y.U. School of Law in 1980, where he was an editor of its Law Review. He received his B.A. from Brown University in 1977. He is the brother-in-law of Mr. Macks.
Morton J. Macks, Founder (1925-2015), was an innovative and successful builder/developer for over 60 years. Typical of his achievements were Mr. Macks’ contributions to the Maryland Homebuilder’s Association: Founder, “Parade of Homes”; Founder, Homebuilder’s Institute; Chapter President; twice “Homebuilder of the Year” (the only person ever to be so honored). In 2005, he received a Lifetime Achievement Award from the Maryland Homebuilder’s Association. Mr. Macks legacy is deeply embedded in CRP, the industry and his community.
Jonathan C. Mayers, President, oversees project planning and construction management activities. Over the past 31 years, Mr. Mayers has been responsible for feasibility, processing, engineering, design and contracting up to 15,000 housing units and 500,000 square feet of commercial property. He is an active member of the Homebuilder’s Association of Maryland where he is a past President and member of the Land Development Council. In 2000, Mr. Mayers was recognized as the “Developer of the Year” and has also received numerous industry awards. He is also a very active community volunteer and has held various positions on boards and committees, The Baltimore Jewish Community Center, the Jemicy School, the Park School and others.
Steven D. Kesler, Chief Investment Officer-Macks Family Office, has over thirty years of operating and financial management experience. Mr. Kesler was previously with The Casey Group in Towson, MD as a management consultant. Prior to that, he was with the Constellation Energy Group in Baltimore, MD, where he was Chief Executive Officer and President of three operating subsidiaries that invested in financial securities and private equity, real estate, and health care facilities. Mr. Kesler currently serves on the board of Corporate Office Properties Trust (NYSE: COPT). He is also a trustee of McDaniel College and chairs the Endowment Fund Investment Committee. He earned an MBA in Finance from the University of Pennsylvania (Wharton) and a B.S. in Accounting from New York University. Mr. Kesler is a CPA.
Derek Olszanowski, Vice President-Asset Management, has over 16 years of experience in multi-family operations and is responsible for overseeing the daily operations of the residential portfolio for Chesapeake Realty Partners. At CRP, Mr. Olszanowski has been responsible for nearly $1B of assets, including disposition of over $500M of multi-family property. Prior to joining CRP, he served as the Corporate Trainer, among other roles for Bozzuto Management and was a Regional Property Manager with The Dolben Company. He earned a BS in Education from the Indiana University of Pennsylvania.
Jeffrey E. Pearl, Vice President-Finance and Treasurer, has over 14 years of real estate and construction experience and is responsible for all aspects of finance and treasury functions. Prior to joining Chesapeake, Jeff spent five years with Ernst and Young in their Transaction Real Estate practice focusing on buy/sell due diligence, real estate restructuring, strategic consulting, and valuation. He also spent time as an Analyst with both Bank of America and Municipal Mortgage and Equity. Jeff earned his B.S. in Finance from Clemson University and his M.B.A. from Loyola University. Jeff is an active ULI member.
Jason. M. Schubert, Executive Vice President, is responsible for seeking new business opportunities along with assisting in all facets of project planning and management, with an emphasis on financial due diligence. Mr. Schubert earned an MSRE in finance and investments from New York University, an MBA in Real Estate from American University and a BS in Marketing and Finance from Syracuse University.
Norman L. Suss, Senior Vice President, has over 35 years experience in acquiring, developing and financing real estate for residential and commercial uses, including 20 years with Chesapeake Realty Partners. He has leased over 1 million square feet of store space and is responsible for the acquisition of land for the development of more than 7,150 residential units. He is a long-standing member of the International Council of Shopping Centers. He was formerly SVP of Development at Manekin, LLC. Mr. Suss earned an MBA-Finance from Loyola University and a BFA from the Maryland Institute, College of Art.
Philip Warsal, Family Office Executive, Controller, and Chief Administrative Officer, has over 15 years of real estate and construction accounting experience, and is responsible for financial statement preparation and tax reporting. Prior to joining Chesapeake Realty Partners, he spent his time as a Director at McGladrey, LLP, the 5th largest public accounting firm, working with closely held real estate entrepreneurs in the areas of financial reporting, tax consulting and compliance. He is a member of the American Institute and Maryland Association of CPAs. Mr. Warsal earned his B.S. in Accounting from Towson University and his MBA from Loyola University Maryland.