Dana C. Rowan
Dana C. Rowan is completing his sixth year as Board Trustee and previously served three years as an Overseer.
Mr. Rowan is Managing Partner of The Exeter Companies, a Boston-based real estate investment, development and advisory firm. The company is focused primarily on acquisition and development projects in the Northeast and a few, select larger-scale projects in other parts of the US. The Exeter Companies' core focus is development of residential urban infill and mixed-use waterfront development sites in New England, as well as opportunistic acquisitions across a broader range of product types requiring asset repositioning or creative re-uses. Prior to 2008, Mr. Rowan's firm was involved in investment and development projects outside the US as well. His team spent considerable time structuring and underwriting ventures in India and Eastern Europe. Domestically, Mr. Rowan's firm was involved with the acquisition, entitlement and development of larger-scale projects including a block of land locally in the South Boston Waterfront District involving 245 units of ground-up residential development. More recently in 2009, Mr Rowan's firm formed a collaborative venture with Paradigm Properties under the name Paradigm-Exeter Advisors, to pursue advisory and investment opportunities involving distressed real estate assets in the US. Assignments involved working with a wide array of distressed asset situations for both debtors and creditors, including residential development projects, industrial buildings, office properties and hotels. Advisory clients included distressed borrowers, major banks, other financial institutions and court-appointed receivers. The Exeter venture also teamed up with a nationally-oriented strategic partner based in New York City, Getzler Henrich, to work with corporate clients and major financial institutions on challenging real estate portfolio workout and restructuring needs.
Previously, Mr. Rowan worked for Metropolitan Properties of America (MPA) in Boston as National Director of Acquisitions. MPA specializes in acquiring high-rise and mid-rise urban residential properties. One of Mr. Rowan's more significant acquisitions included a 60-story, mixed-use residential tower in Chicago located one block from Lake Shore Drive along the city's waterfront.
Prior to that, Mr. Rowan worked as Senior Vice President of Asset Management and Dispositions for New Boston Fund (NBF). Mr. Rowan was later asked by the firm president to take on expanded duties as head of portfolio and corporate strategy. While serving as a senior executive for the firm, Mr. Rowan ran dispositions, helped introduce new asset management systems to the company and formulated a corporate strategy to diversify investment activity into new property types and geographic regions of the US. NBF, which is based in Boston, at that time had a 10 million square foot portfolio of office, industrial, residential and retail properties, with an aggregate value exceeding $1.5 billion.
During the 1980's Mr. Rowan worked for the Prudential Realty Group in Boston, where he was responsible for acquiring and disposing of roughly $500 million of general account and separate account properties annually for its $3.0 billion New England and Upstate New York portfolio. He also assisted the corporate office in New Jersey with national investment underwriting and the disposal of challenging assets for some of Pru's other regional offices in New York, Philadelphia and Washington, DC. In the early 1990's, Mr. Rowan directed the real estate workout and bankruptcy advisory practice for The Recovery Group (TRG) in Boston, one New England's largest firms specializing in crisis management, corporate restructuring, bankruptcy, portfolio recapitalization and liquidation. Today, TRG's former core operation is a specialized subsidiary of Deloitte Touche.
Mr. Rowan is the former national chairman of NAIOP (National Association of Industrial and Office Properties), as well as the former chairman of NAIOP's Massachusetts Chapter. He is currently Director Emeritus of NAIOP, a former national chairman of NAIOP's Tax and Finance Committee, and a founder and former director of NAIOP's Research Foundation. In 1998, he was honored with the national organization's Outstanding Service Award. He is also active with the Urban Land Institute, the Real Estate Investment Advisory Council, the International Real Estate Federation (FIABCI), and the Real Estate Finance Association. Mr. Rowan's involvement with academic institutions other than the BAC includes serving since 2001 as a member of the alumni steering committee of the Harvard University Real Estate Academic Initiative. He is also currently serving as a national councilor of Dartmouth College's Alumni Council. Additionally, Mr. Rowan is a former chairman of the Harvard Kennedy School's global alumni association, a former director of the university's Harvard Alumni Association and a former advisory board member of Harvard's Center for State and Local Government and its Center for Business and Government.
Mr. Rowan received his B.A. in Geography from Dartmouth College, a Masters degree in finance and urban economic development from the Harvard Kennedy School, and an MBA from Boston University's School of Management. He has been a resident of Back Bay in Boston for over thirty years.