Timothy J. McGowan – President
Mr. McGowan oversees all aspects of Ashbrook Communities, with particular emphasis on locating new land purchase opportunities, land entitlement and establishing/maintaining capital relationships.
Mr. McGowan has over 40 years of experience in real estate management and marketing. Between 1971 and 1983, he held various positions in real estate sales, advertising, marketing, and was also a partner of a brokerage and management company.
From 1983 to 1995, as Senior Vice President with Grubb & Ellis, he earned the reputation throughout the Southern California residential development community as a premier land broker. During these years, he assisted land owners and land developers in selling over 30,000 Southern California lots. At various times between 1987 and 1990, Mr. McGowan was the number one ranked, top-producing broker for Grubb & Ellis nationally.
Mr. McGowan founded Ashbrook Communities in 1995, and currently oversees all operations of Ashbrook Communities as their Chief Executive Officer. During this time, Ashbrook Communities purchased land for over 5,000 residential lots and built over 1,000 homes and they were involved in the entitlement process and land development operations of most of the units.
Ashbrook sold many of its units to public homebuilders, including KB Homes, Ryland Homes, and Centex Homes and ventured many projects with institutional investors including Main Street Partners, Capstone/Lehman Brothers, TMC, and Lowe enterprises. Ashbrook generated over $100 million in profits during this period.
Teri Ferguson – Chief Operating Officer
Ms. Ferguson oversees all company operations, including Finance and Administration, and works closely with the Marketing, Development and Construction departments.
Ms. Ferguson has over 30 years of experience in all phases of real estate development and construction management, with an emphasis on finance and accounting.
Ms Ferguson served as the Controller for Garden Communities , a national multi-family, residential and hospitality builder from 1994 to 2001, responsible for all California and Arizona operations.
From 2001 to 2008, Ms. Ferguson served as the Vice-President of Residential Asset Management for Capstone Advisors, a local equity placement firm involved in partnerships with many local and national home builders.
Most recently, Ms. Ferguson was a consultant focusing in the areas of construction and business-related receivership and bankruptcy cases ranging from business restructuring/sale to large residential and commercial property and loan portfolios, along with complex forensic accounting assignments and corporate/financial planning for construction and development companies.