Shaping Strategy & Vision
Our leadership team combines decades of real estate expertise with a forward-thinking vision for community development. We focus on crafting experiences that bring people together and create lasting value for the communities we serve.
James W. Apple, Jr.
President and Chief Executive OfficerMr. Apple is responsible for the leadership of Burroughs & Chapin’s Executive Team as well as strategy development for the Company. Prior to joining B&C, he was a founding principal of Trade Street Partners, LLC of Charlotte, NC, a real estate development and investment firm operating in the Southeast. Prior to founding Trade Street Partners, Mr. Apple was a senior executive with Trammell Crow Company responsible for TCC’s development and investment activity in the Southeast and Midwest.
Active in several civic and community organizations, Mr. Apple is currently serving or has served as a director or trustee of Burroughs & Chapin Company, Coastal Carolina National Bank, Myrtle Beach Area Chamber of Commerce, the Palmetto Business Forum, Myrtle Beach Regional Economic Development Corporation, South Carolina Governor’s School for Science and Mathematics, MUSC Hollings Cancer Center and The Nature Conservancy of South Carolina.
Chad E. Carlson
Chief Financial OfficerMr. Carlson is responsible for the Company’s investment and financial activities, including strategic and financial planning as well as new business development and key relationship management. Prior to his role as CFO, Mr. Carlson was EVP of the Company’s Commercial Real Estate Division overseeing all acquisitions, development, leasing, and property and asset management functions.
Before joining B&C, Mr. Carlson worked for Trade Street Partners, a real estate investment and development firm operating in the Southeast, and Faison & Associates in Charlotte, NC. His other experience includes working in the corporate strategy division at Carterʼs, Inc. in Atlanta.
Mr. Carlson is currently serving as a board member of the Myrtle Beach Area Chamber of Commerce and the Myrtle Beach Downtown Alliance.
Richard B. Josey, III
Executive Vice President, General Counsel and Corporate SecretaryMr. Josey is responsible for the Legal Affairs, Risk Management, and Human Resources Administration of Burroughs & Chapin. Prior to joining B&C, he was an Associate Attorney with Nelson Mullins.
W. Carter Garrison
Senior Vice President Commercial DivisionMr. Garrison leads the Commercial Division, overseeing the Company’s asset management, property management, and leasing activities. He rejoined Burroughs & Chapin after serving in asset management with Hackney Real Estate Partners, a private equity firm based in Richmond, VA. Earlier in his career at Burroughs & Chapin, he spearheaded the Company’s acquisition efforts. His prior experience also includes corporate retail roles with Circuit City and Tractor Supply Company.
April Dendy Martin
Senior Vice President Commercial Leasing and DesignMrs. Martin directs the Company’s commercial leasing strategy and heads the design team for all development and renovation projects across Burroughs & Chapin’s diverse portfolio. Prior to her current position, Mrs. Martin served as Senior Vice President of the Commercial Division at Burroughs & Chapin, where she oversaw the company’s commercial real estate operations.
Previously, she held the role of Associate Counsel for the Company, managing legal matters and compliance relating to leasing, acquisition, and development of the company’s commercial real estate portfolio. Before joining Burroughs & Chapin, Mrs. Martin was an Associate Attorney at Nelson Mullins.
Michael A. Federico
Senior Vice President Accounting & Finance and Corporate ControllerMr. Federico leads the Company’s accounting and finance functions. He previously served as Chief Accounting Officer and Chief Financial Officer at Capital Vacations, a hospitality and resort management company based in Myrtle Beach, SC, and as Head of Corporate Accounting for Burger King Corporation in Miami, FL.
Seth K. McCoy
Senior Vice President ConstructionMr. McCoy is responsible for oversight of the Company’s project development and construction activities as well as project cost and budget analysis. Before joining B&C, Mr. McCoy was associated with The EARTHWORKS Group, a full-service project design firm located in Murrells Inlet, SC.
Mr. McCoy is currently serving as Chairman of the Myrtle Beach Community Appearance Board and previously served as a board member of the City of Myrtle Beach Board of Zoning Appeals.
Philip Blake Arp
Vice President Land & Timber AssetsMr. Arp is responsible for land disposition, timber operations, property taxes, GIS, and real estate records administration, as well as related planning and budget analysis. Since joining Burroughs & Chapin in 1996, he has developed deep knowledge of the Company’s land holdings and entitlements. He began his career in banking with Wachovia.
Mr. Arp is currently serving as a board member of the City of Myrtle Beach Board of Zoning Appeals and previously served as the Accounting Committee Chairman for the South Carolina Wind and Hail Underwriting Association .
Jason J. Rosenberger
Vice President Commercial LeasingMr. Rosenberger oversees the Company’s commercial leasing activities. With more than 20 years of experience in the commercial real estate industry, he has a proven record of negotiating and executing complex lease agreements across a diverse portfolio.
Before joining Burroughs & Chapin in 2011, he spent nine years building his leasing expertise in the competitive greater Washington, D.C., market.
Jim W. Powalie
Vice President, Broadway at the Beach and Barefoot LandingMr. Powalie is responsible for the management and operations of Burroughs & Chapin’s premier entertainment retail properties, Broadway at the Beach and Barefoot Landing. He previously served as Vice President of Grande Dunes Operations, where he managed the community’s business entities and homeowners’ associations.
Prior to joining Burroughs & Chapin, he worked for the Caravelle Resort hotel group, where he gained extensive experience opening and managing large-scale resorts and rental management companies.
Mr. Powalie is currently serving as an executive advisory member for the Coastal Carolina University Hospitality, Resort and Tourism Management program and has served as a board member for the North Myrtle Beach Chamber of Commerce, the Myrtle Beach Area Chamber of Commerce, the South Carolina Restaurant and Lodging Association and the Myrtle Beach Hospitality Association.
Deborah A. Burroughs
Chairman of the BoardMs. Burroughs is a native of Horry County with a background in banking, finance, and real estate. She is a Commercial Lender/Vice President with Anderson Brothers Bank and the former President and CEO of Chapin Company and Burroughs Company. Her banking and finance experience is comprised of expertise in commercial, consumer, mortgage, and wealth management throughout the course of her banking tenure. Ms. Burroughs is a National Association of Corporate Directors Fellow and a licensed SC Real Estate Broker. She is a member of the Murrells Inlet Rotary Club and currently serves on the boards of the Grand Strand Humane Society and Coastal Carolina University Wall School of Business Board of Visitors.
Ms. Burroughs has been a Director of the Company since 2012. She currently serves as Chairman of the Board of Directors and a member of the Nominating & Corporate Governance and Personnel & Compensation Committees, and is the Board Liaison for the Shareholder Advisory Committee.
Ms. Burroughs is a graduate of the University of South Carolina Coastal Carolina with a Bachelor of Science in Business Administration with an emphasis in Management and Real Estate and a Bachelor of Arts in Psychology. She received a Master of Business Administration from Winthrop University and is an alumnus of South Carolina Bankers School, as well as, Louisiana State University’s Graduate School of Banking.
Edward Lawton Benton
C. L. Benton & Sons, Inc., Co-ownerMr. Benton is co-owner of C. L. Benton & Sons, Inc., a leading general contractor in the Coastal Carolinas, owner/manager of Arrowhead Country Club, and owner of Osprey Marina. A lifelong resident of Myrtle Beach, he serves on several boards including The Chapin Foundation and The Coastal Educational Foundation.
Mr. Benton has been a Director of the Company since 2011. He currently serves as a member of the Investment and Personnel & Compensation Committees.
Mr. Benton received a Bachelor of Science in Business Administration from Clemson University.
Timothy Cooper Dargan
Luzuriaga Mims, LLP, PartnerMr. Dargan is a resident of Mt. Pleasant, South Carolina and Partner in the law firm of Luzuriaga Mims, LLP in Charleston, South Carolina, with a practice focusing on civil defense litigation, primarily insurance and construction matters. He is admitted to practice in the State of South Carolina and before the United States District Court for the District of South Carolina.
Mr. Dargan has been a director of the company since 2022. He currently serves as Chair of the Archives Committee and a member of the Audit and Investment Committees.
Mr. Dargan received a Bachelor of Science in Forestry from the University of the South (where he was the captain of the tennis team) and a Juris Doctor from the University of Denver College of Law. After law school, he served a two year clerkship with the Honorable C. Weston Houck, United States District Judge.
Elizabeth Roemer Jack
Independent ConsultantMs. Jack is a resident of Charlotte, North Carolina and was a Senior Vice President in the Community Banking business unit of Wells Fargo Corporation. In this capacity, she led large initiatives focused on improving the customer and team member experience in the retail branches.
Prior to joining Wells Fargo, Ms. Jack was a Consultant at Bain & Company, a management consulting firm leading strategy projects that covered a broad range of industries including consumer projects, retail, healthcare and financial services. Her prior work experience also includes roles in the internal strategy groups of both Home Depot and Bank of America.
Ms. Jack has been a Director of the Company since 2014. She currently serves as Chair of the Nominating & Corporate Governance Committee and a member of the Audit Committee.
Ms. Jack received a Bachelor of Arts from Harvard University and a Master of Business Administration from Harvard Business School.
Stephen H. Mauldin
CNL Financial Group, Co-Chief Executive OfficerMr. Mauldin is Co-Chief Executive Officer of CNL Financial Group in Orlando, Florida and oversees enterprise-wide real estate investment and fund management, while jointly managing capital markets activities and other corporate functions. Since founded in 1973, CNL has formed or acquired public and private companies with more than $36 billion in assets. Since joining CNL in 2011, he has led multidisciplinary teams responsible for the active investment, development and management of $8.5 billion of national healthcare, multifamily and leisure property portfolios.
Prior to CNL, Mr. Mauldin served as President, CEO and Director of Crosland, LLC, a privately held, Charlotte, NC-based real estate development and asset management company founded in 1937. During his Crosland tenure, he also served as the company’s enterprise-wide Chief Financial Officer and President of the firm’s Mixed/Multi-use Development Division. Earlier in his career, he was a founding partner of Charlotte-based private investment and operating firm Crutchfield Capital, LLC; and held various positions with Security Capital Group, Inc. which prior to its sale to G.E. Capital, held controlling interests in 18 public and private real estate operating companies (eight of which were NYSE-listed), with a total market capitalization in excess of $26 billion. Mr. Mauldin began his career as a commercial real estate lender in Tampa, Florida.
Mr. Mauldin currently serves on the Executive Committee and Board of the Orlando Economic Partnership; Advisory Board Member for the Greater Orlando Sports Commission, The Douglas Company, F|A Wealth Advisors, and the Orlando Police Foundation; and as Trustee and Executive Committee member for The University of Tampa.
Mr. Mauldin has been a Director of the Company since 2021. He currently serves as Chair of the Personnel & Compensation Committee and a member of the Nominating & Corporate Governance Committee.
Mr. Mauldin received his Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management and also holds a Bachelor of Science degree from The University of Tampa. A former collegiate All-American; Academic All-American and professionally drafted baseball player, he is a member of The University of Tampa’s Athletic Hall of Fame.
David K. Maynard
Eddystone Capital, LLC, OwnerMr. Maynard is the proprietor of Eddystone Capital, LLC in Charlotte, NC which specializes in commercial loan restructuring and turnaround services. With 25 years of banking and finance experience, most recently with Wells Fargo Bank as a Senior VP of Risk Management, where he led restructuring and debt workouts. He is a partner with Mirador Real Estate Advisors, LLC, which acquires, invests in, and manages commercial real estate. Mr. Maynard has served multiple times on the Burroughs & Chapin Shareholder Advisory Committee, most recently being the 2019 committee.
Mr. Maynard has been a Director of the Company since 2019. He currently serves as Chair of the Investment Committee and a member of the Nominating & Corporate Governance Committee.
Mr. Maynard received a Bachelor of Arts from Duke University and a Master of Business Administration from the University of Louisville. He is an active volunteer with Roof Above and the Catawba Lands Conservancy in Charlotte, a member of Myers Park United Methodist Church, and enjoys spending his free time with his three children.
Douglas E. Neal
Vesta Ventures, PartnerMr. Neal is currently a Partner of Vesta Ventures, a real estate technology fund, and the Managing Partner of The Home Collection furnished rental portfolio. He is an Advisor to Roofstock, which is the largest on-line broker of single family rental properties. As the Investment Program Manager at Roofstock, he developed several fractional interest and REIT vehicles.
Prior to joining Roofstock, Mr. Neal was President of RiverBanc LLC, a multifamily owner and lender that was acquired by a REIT. He also served as Chair of New York Mortgage Trust (NDQ:NYMT). He started his career as a successful developer of condominiums, apartments, industrial, retail, and hotel properties. After receiving his MBA, he joined Bank of America as a founding member of the Real Estate Investment Banking Group.
Mr. Neal is a leader of the national Cybersecurity Training Committee of the Private Directors Association, and the Chair of The Boost Pad (an incubator for underrepresented entrepreneurs). He has obtained several certifications in Information Technology from Stanford and cybersecurity governance from Harvard University.
Mr. Neal has been a Director of the Company since 2023. He currently serves as a member of the Audit and Investment Committees.
Mr. Neal received a Bachelor of Science in Civil Engineering from Cornell University and a Master of Business Administration from the University of North Carolina.
Alexander Brooks Richardson
We Are Rosie, Vice President Business DevelopmentMr. Richardson is the VP of Business Development at We Are Rosie, a global marketing agency specializing in advertising, media and production. He has developed business growth strategies for multiple Chicago-based agencies, building corporate branding for clients in multinational hotel, technology, e-commerce, and food delivery services industries.
Mr. Richardson has served on the board of Chapin Company since 2020 where he has served as a member of the Governance Committee, as well as the Corporate Secretary, and currently serves as the Chairman of the Audit Committee. He has served on the Burroughs & Chapin Shareholder Advisory Committee where he was the Committee Co-Chair in 2016 and Chair in 2017. Prior to this, he served on the Associates Board for the Chicago High School for the Arts.
Mr. Richardson has volunteered with several Chicago-based charities, including Culinary Cares raising money to serve food to cancer patients in Chicagoland, and the Chicago Food Depository serving homeless shelters and outreach organizations with donated food.
Mr. Richardson has been a Director of the Company since 2024. He currently serves as a member of the Nominating & Corporate Governance and Personnel & Compensation Committees.
Mr. Richardson received a Bachelor of Arts from the University of Maine. He resides in Chicago, Illinois with his wife and children.
Mark J. Rosen
Pearl Meyer & Partners, Managing DirectorMr. Rosen, Managing Director and head of Pearl Meyer & Partners Charlotte office, has consulted on executive and Board compensation issues for more than 25 years for a broad range of public companies as well as tax-exempt organizations and academic institutions. Mr. Rosen has extensive experience with benchmarking, retirement plan design, governance issues, and tax and accounting considerations. Prior to joining Pearl Meyer & Partners, Mr. Rosen was a Partner in the Human Capital Practice of Arthur Andersen, where he led the Southeast Compensation Practice as well as the Carolinas’ Human Capital Practice.
Mr. Rosen has been a Director of the Company since 2012. He currently serves as Chair of the Audit Committee and a member of the Personnel & Compensation Committee.
Mr. Rosen holds a B.B.A. and an M.S. in Accounting with a specialty in Taxation from Texas A & M University. He is also a Certified Public Accountant.
J. Egerton Burroughs
Director EmeritusMr. Burroughs is the owner of the Burroughs Brothers Properties real estate development/consultant company headquartered in Conway, South Carolina. He is a resident of Murrells Inlet, South Carolina and a member of My Father’s Church. He has served on numerous boards and committees throughout the years and previously served as a Trustee of the University of South Carolina.
Mr. Burroughs holds a Bachelor of Arts from the University of South Carolina.