Board of Governors

President
Robert Stout, President & CEO, Q10 Capital LLC
Bob has been involved in the real estate industry since 1978.  As President & CEO of Q10 Capital, LLC, he is responsible for national loan origination, transaction management, consulting, and asset management.  He handles lender and investor relations and ensures strict adherance to the high quality standards and core values of the Q10 Capital Group.  As President and CEO of Q10 Equity Advisors, LLC, Bob oversees all aspects of the fund’s management.
Bob has twice served as a Vice-Chairman of the Mortgage Bankers Association of America’s (MBAA) CREF Technology Initiatives Committee and is a founding director and chairman of the Marketing Committee of the Chartered Realty Investors Society.  He was awarded the CRI Charter in 2005.  Bob is also an active member of the Commercial Mortgage Securitization Association (CMSA).   Bob was also one of the original contributing authors of the Handbook of Commercial Real Estate Finance published by the MBAA in 1995.

President-Elect

John Waldeck, Vice President, Pacific Life Insurance Company

Immediate Past-President

David Zachar, Executive Vice President, PPM Finance, Inc.
David M. Zachar, Executive Vice President of PPM’s Real Estate group, is responsible for the commercial mortgage loan portfolio and the real estate securities portfolio comprised primarily of CMBS and REIT securities. PPM Finance originates over $1 billion per year in commercial mortgage loans and purchases over $1 billion per year in real estate securities. These two portfolios now total $14 billion.

Prior to joining PPM in May of 1995, Mr. Zachar was Senior Vice President, AEGON USA Realty Advisors in Cedar Rapids, Iowa. At AEGON, he led the commercial mortgage loan-underwriting group in the building of a $2.5 billion commercial mortgage loan portfolio. Mr. Zachar was also involved in AEGON’s equity real estate having helped assemble that portfolio as Vice President – Real Estate Equities from 1986 to 1989.  Mr. Zachar is a graduate of Iowa State University with a Bachelor of Science in Industrial Administration and Economics. He is a Counselor of Real Estate (CRE), and is a frequent speaker at various real estate and mortgage lending conferences.

Past-President

Jack Cohen, Chief Executive Officer, Cohen Financial Jack joined Cohen Financial as a loan officer in 1981, after serving as a consultant to the construction industry.  He earned his MS in Construction Management and BS degrees in Civil Engineering from Stanford University (California) and a BA from Claremont Men’s College (California).  Jack currently serves as Chief Executive Officer of Cohen Financial with overall responsibility for management of the operations of the company.

Jack has earned his CRI Certification and serves as a Founding Governor and President. He was awarded his Certified Mortgage Banker (CMB) by the Mortgage Bankers Association of America (MBA) where he also served as Past Member, Board of Governors, Commercial Real Estate/Multi-family Finance. He is active with the Commercial Mortgage Securities Association (CMSA) where he served on the Board of Governors and Executive Committee. Jack is also involved in the Urban Land Institute (ULI).

Secretary

David Brassard, Cornerstone Real Estate

Treasurer
Wayne C. Streck, Head of Mortgage Lending, Thrivent Financial for Lutherans
Mr. Streck is responsible for commercial mortgage loan origination ($6.3 billion portfolio), church loan origination ($1 billion portfolio) and real estate equity investments. Streck joined Aid Association for Lutherans, predecessor to Thrivent Financial for Lutherans, in 1989. Prior to joining Thrivent Mr. Streck spent twelve years with the Northwestern Mutual Life Insurance Company; seven years in the Milwaukee home office commercial mortgage underwriting department and five years as a Senior Loan Production Officer in the Tampa field office.

Following graduation from Iowa State University (BS, Economics) and the University of Iowa (MBA, Finance), Streck spent two years as a bank examiner with the Federal Reserve Bank of Chicago and four years with the M&I Marshall & Ilsley Bank Holding Company.  Mr. Streck currently serves on the LOMA Investment Committee, Life Mortgage and Real Estate Officers Council (Dutch Treat Group) and the CRI Board of Governors. He is also the current treasurer for CRI Society.