Carl M. Freeman Companies

In its seven decades, the Carl M. Freeman Companies has evolved from residential development of well-planned, environmentally-concerned communities to commercial property developers whose portfolio includes award-winning beach-front, golf course communities and shopping centers focused on community activity as well as convenience.

Our hands-on experience has created within our company the expertise to manage capital investments, from land acquisition and/or property redevelopment to the full range of commercial property management services, and everything in between. We do so continuing the legacy that positions the Freeman name as synonymous with a caring, thoughtful, and deliberate approach to all aspects of real estate development.

We are a family-owned company, which is a mark for me of pride, and I take very much to heart the responsibility of carrying the Freeman name and the Freeman values into the 21st century. My carefully-chosen leadership team and I look forward to honoring our company’s long history of excellence as we create a bright future for our region, our clients, and our partners.

Michelle Freeman

Core Values

Creating places that enrich lives–it’s the essence of the Freeman Companies vision. The core values that support this mission have been ours since Carl M. Freeman founded the firm in 1947.

We are always...

  • Respectful, forthright and ethical
  • Disciplined and focused
  • Committed to operational excellence and financial success
  • Accountable

Even more, we work to...

  • Foster creativity, collaboration and entrepreneurship
  • Provide our people with opportunities to succeed and grow
  • Nurture meaningful relationships with our customers and partners
  • Engage in the communities in which we live, work and play
  • Have fun and celebrate success

The experience we create partnering with our fellow investors, our customers, and our community stakeholders is what drives us.

Unparalleled customer service and a passion for excellence is what guides us.

To learn more, contact us.

AWARDS & HONORS

From the award-winning Carole Highlands Community with its much-imitated California Cottages of the late 1940s to our newest, Bayside, winner in 2016 of six prestigious Regal Awards, the Carl M. Freeman Companies will continue striving to merit these honors for excellence.

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Board of Directors

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Leadership Team

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The Talent

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Michelle D. Freeman

President and CEO

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mfreeman@cmfa.com

Michelle Freeman is the Owner and CEO of the Carl M. Freeman Companies, a 69 year old Real Estate company, which specializes in land acquisition, land planning, development and redevelopment and the management of award-winning, amenity-rich Residential Communities, Neighborhood Shopping Centers and Commercial properties.

Freeman Companies also owns and operates 3 Golf Courses including, Bayside, an 18-hole, award winning Jack Nicklaus Signature Course in Fenwick Island, Delaware. The Freeman Companies are dedicated to creating “Places” that enrich people’s lives through innovative, creative design, attention to detail and collaborative partnerships with thought leaders in the Real Estate and Golf industry. “Our Centers and Neighborhoods are a reflection of how important we feel it is to be a part of life ~ fresh air, fun and just the right mix of place and opportunity!” Freeman has offices in Rockville, Maryland and Fenwick Island, Delaware and was named one of Greater Washington’s Best Places to Work in 2015.

Carrying on the Freeman family tradition of philanthropy, Michelle is President and Chairman of the Carl M. Freeman Foundation, which has been giving grants to organizations where her employees live, work and play since 1947. She is the founding Chairman of the Joshua M. Freeman Foundation, which honors her late husband Joshua Freeman. She was the visionary of the Foundation’s first program: The Freeman Stage at Bayside. The Stage is in its 8th Season and presents over 50 shows a year ranging from Shakespeare to Hall and Oates, reaches over fifty thousand patrons and ten thousand outreach audience members.  Michelle is a founding member of Venture Philanthropy Partners and serves on the board of the Landon School in Bethesda. Michelle has also chaired AfterDark@THEARC in South East, DC for several years and annually participates in Covenant’s House Executive Sleep-Out. Michelle received the 2014 Irene and Abe Pollin Humanitarian Award on behalf of the Carl M. Freeman Foundation, Coastal Style Magazines Business Woman of the Year for 2015 as well as numerous other awards for her business and philanthropic leadership.

As a minority partner in Monumental Sports and Entertainment which owns Verizon Center, Washington Wizards, Capitals and Mystics, Michelle is one of only 12 female basketball team owners.

Michelle is active in YPO, the Urban Land Institute and the ICSC organization. In 2013, Elle Magazine named Michelle as one of the 10 most Influential Women in Washington DC.  Michelle will continue to work with Elle Magazine in 2015 as part of their “#ELLEAGENDA” Forum to communicate current women’s issues and initiatives. Michelle is most proud of her three children: Nicholas, Benjamin and Juliana Freeman.

Dave E. Levitsky

Senior Vice President and Chief Financial Officer

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dlevitsky@cmfa.com

David oversees corporate accounting and information technology functions, provides strategic input as part of the executive management team and partners with different business segments to provide needed financing of real estate assets. Before being named CFO in 2007, David served as Vice President of Finance and Administration for the company’s Community Development and Homebuilding business segment, responsible for directing the organization’s financial planning and accounting practices, as well as cultivating its relationship with lending institutions, shareholders, and the financial community. As a member of the management team, David shared an important role in policy formulation and management execution of both short-term and long-term plans. Prior to joining the Freeman Companies in 2000, David served as Vice President of Operations Finance for Marriott International/Host Marriott Services. Earlier in his career, David served as Senior Business Analyst for Busch Entertainment Corporation in St. Louis, MO. David earned a master’s of business administration in finance from St. Louis University and a bachelor’s degree in marketing from the University of South Florida.

Christopher B. Garland

Senior Vice President of Development

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cgarland@cmfa.com

Chris oversees the development and construction of all of Freeman Companies’ communities and retail centers including the award-winning Bayside Community and Resort Golf Club.

Joining the Freeman Companies in 2008, Chris brings 25 years of community building and a successful track record of forging relationships with owners, builders, contractors, government officials and community groups. Chris’s blend of multi-family and retail experience proved valuable in transforming Fair Hill Shopping Center and the Madison Building into vibrant centers of community activity.

Prior to joining Freeman Companies, Chris progressed from Job-site Superintendent, to Development Manager and Vice President of Development with Charles E. Smith Companies. As Vice President, Chris led Smith’s effort to redevelop Crystal City to create a pedestrian friendly main street commensurate with the successful class-A mixed-use environments of today. He then joined Lincoln Property Company to direct its multi-family development efforts within the Mid-Atlantic region.

Chris holds a Bachelor of Science in Civil Engineering from the University of Virginia, where he was also a member of the Pep Band. He is an avid ACC basketball and Washington Capitals fan and enjoys golf, running and spending time at the beach with his family.

Michelle D. Freeman

President and CEO

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Michelle Freeman is the Owner and CEO of the Carl M. Freeman Companies, a 69 year old Real Estate company, which specializes in land acquisition, land planning, development and redevelopment and the management of award-winning, amenity-rich Residential Communities, Neighborhood Shopping Centers and Commercial properties.

Freeman Companies also owns and operates 3 Golf Courses including, Bayside, an 18-hole, award winning Jack Nicklaus Signature Course in Fenwick Island, Delaware. The Freeman Companies are dedicated to creating “Places” that enrich people’s lives through innovative, creative design, attention to detail and collaborative partnerships with thought leaders in the Real Estate and Golf industry. “Our Centers and Neighborhoods are a reflection of how important we feel it is to be a part of life ~ fresh air, fun and just the right mix of place and opportunity!” Freeman has offices in Rockville, Maryland and Fenwick Island, Delaware and was named one of Greater Washington’s Best Places to Work in 2015.Carrying on the Freeman family tradition of philanthropy, Michelle is President and Chairman of the Carl M. Freeman Foundation, which has been giving grants to organizations where her employees live, work and play since 1947. She is the founding Chairman of the Joshua M. Freeman Foundation, which honors her late husband Joshua Freeman. She was the visionary of the Foundation’s first program: The Freeman Stage at Bayside. The Stage is in its 8th Season and presents over 50 shows a year ranging from Shakespeare to Hall and Oates, reaches over fifty thousand patrons and ten thousand outreach audience members.  A founding member of Venture Philanthropy Partners, Michelle serves on the board of Charity Works and the Landon School in Bethesda. Michelle has also chaired AfterDark@THEARC in South East, DC for several years and annually participates in Covenant’s House Executive Sleep-Out. Michelle received the 2014 Irene and Abe Pollin Humanitarian Award on behalf of the Carl M. Freeman Foundation, Coastal Style Magazines Business Woman of the Year for 2015 as well as numerous other awards for her business and philanthropic leadership.

As a minority partner in Monumental Sports and Entertainment which owns Verizon Center, Washington Wizards, Capitals and Mystics, Michelle is one of only 12 female basketball team owners.

Michelle is active in YPO, the Urban Land Institute and the ICSC organization. In 2013, Elle Magazine named Michelle as one of the 10 most Influential Women in Washington DC.  Michelle will continue to work with Elle Magazine in 2015 as part of their “#ELLEAGENDA” Forum to communicate current women’s issues and initiatives. Michelle is most proud of her three children: Nicholas, Benjamin and Juliana Freeman.

Brian Cullen

Founder and Chairman, Keane Enterprises, Inc.

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Mr. Cullen is the founder and Chairman of Keane Enterprises, Inc. He has been involved in real estate businesses in the Washington, D.C. area for over 25 years and was instrumental in the development of major commercial and mixed use projects in Northern Virginia including Oaklawn in Leesburg, Ashburn Crossroads, Beaumeade, Dulles 28 Center, Ashburn Center, Steeplechase and Loudoun Gateway Center, as well as North Point Village Center in Reston, VA.

Currently, Mr. Cullen is leading a development team for Rockpoint Land on the 4,000 acre Willowsford residential property in Loudoun County VA.

Mr. Cullen is a full member of Urban Land Institute, the premier international real estate organization. He was the Washington District Council Chairman for 2006/08, and is the current Governance Committee Chairman. On a national ULI level, Mr. Cullen has been active on the Small Scale Development Council for over 10 years. He is a member Emeritus of the Loudoun County Economic Development Commission (EDC) and past chairman of the EDC Transportation and Infrastructure Committee. Currently, Mr. Cullen serves as Chairman of the Dulles Town Center Community Development Authority (CDA), the first such authority in Virginia to issue bonds for the purpose of furthering economic development. Mr. Cullen is a past president of the Loudoun County chapter of the Northern Virginia Building Industry Association, was a member of the original Route 28 Tax District Advisory Board and has served on numerous County appointed committees.

Prior to forming Keane, Mr. Cullen held executive positions at Carl M. Freeman Associates and Lerner Enterprises.

Richard L. Perlmutter

Principal, Argo Investment Company

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Richard Perlmutter is a Principal of Argo Investment Company which he founded in 1996 with John Austin. Since inception, the firm has completed over two million square feet of development and acquisition projects throughout the Washington and New York metropolitan areas.

The principals of the firm have strong ties to the Washington real estate community since 1981. The firm is privately held and works cooperatively with financial and development partners in many of its projects.

Prior to establishing Argo Investment Company, Richard was a senior vice president of South Charles Realty and South Charles Investment, both subsidiaries of Bank of America. He was responsible for over 500 transactions totaling over $1.5 billion of real estate. Among his major projects, he was responsible for several master-planned communities and extensive office projects throughout the mid-Atlantic and Southeastern United States. His expertise ranges from financial engineering to multi-phase project management.

He has a B.A. in Environmental Design from the State University of New York at Buffalo, graduate study at the University of California, Los Angeles and J.D. from the School of Law, University of Oregon. He has experience working as a lawyer for the United States Senate and real estate developer for several small and large real estate companies. He is active in community and professional affairs and is on the board of the Montgomery Housing Partnership, Executive Committee of the Urban Land Institute Washington District Council and USA Canoe and Kayak and chair of the Bethesda Center of Excellence.

Thomas O. Bowersox

 

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Since 1997, Tom Bowersox has been a Principal with Shreve Bowersox, P.C. in Bethesda, MD, which provides quality, personalized financial and management services tailored to the sophisticated needs of high wealth individuals and growing entrepreneurial businesses. He has also served as CFO of such prestigious real estate developers as Lerner Companies and Washington Real Estate Investment Trust.

Tom is a member of Lealta Media’s Board, an internet Marketing and Loyalty firm and he is also a Board Member for the Axion International Holdings, Inc., a manufacturer of recycled plastic rail road ties and marine decking.

He is a Certified Public Accountant and received his BS in accounting from the University of Kentucky.

Elizabeth Conahan

 

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Elizabeth Conahan currently serves as President of Volta Place LLC, placing debt for commercial real estate clients in The Greater Washington Area. She earned her Bachelor of Arts degree at Chestnut Hill College, Philadelphia, and attended Boston University Graduate School of Urban Studies. She was a Senior Vice President at Walker & Dunlop, Bethesda, Maryland for over 20 years where she was a Commercial Mortgage Banker. Prior to that, she served as a Senior Vice President and Division Manager of the Capital Markets Divisions of Banks and Financial Institutions in the Washington Area and Boston. She also was Chief Operating Officer of a Boston based private development firm.

Ms Conahan who prefers to be called Dibbie is a member of the Urban Land Institute and served as Washington District Chair from 2005 to 2007. Dibbie enjoys riding her horses, cooking for friends and family, and traveling with her husband. She is an active board member of THEARC and The Advisory Board of Common Threads and is an active volunteer at The Washington School for Girls and The Georgetown Ministry.

Development

Property Management

Accounting Administration

Operations

Marketing

Joe Lucido

Site Construction Manager, Selbyville

jlucido@cmfa.com

Patrick Reid

Director of Development, Rockville

preid@cmfa.com

Rachel Allen

Development Manager, Selbyville

rallen@cmfa.com

Rich Rishel

Director of Construction and Land Development, Selbyville

rrishel@cmfa.com

Mike Callahan

Investment Associate, Rockville

mcallahan@cmfa.com

Celio Reyes

Maintenance, Rockville

creyes@cmfa.com

Louie Andrakakos

Senior Property Manager, Rockville

landrakakos@cmfa.com

Valle Bonhag

Property Manager, Rockville

vbonhag@cmfa.com

Brian Litkowski

Controller, Rockville

blitkowski@cmfa.com

Mariam Diane

Accounts Payable Coordinator, Rockville

mdiane@cmfa.com

Susan Fitzgerald

Retail Accounting Manager, Rockville

sfitzgerald@cmfa.com

Darren Pinkett

Lease Administrator, Rockville

dpinkett@cmfa.com

Becky Kuster

Executive Associate to President/Owner, Rockville/Selbyville

rkuster@cmfa.com

Chris Veirs

IT Consultant, Selbyville

cveirs@cmfa.com

Igor Vakser

IT Database Administrator, Rockville

ivakser@cmfa.com

JihFan Lin

Visual Design & Program Coordinator, Rockville

jlin@cmfa.com

Jeff Evans

Director of Marketing and Sales, Communities Division

jevans@cmfa.com

Maria Tonson

Sales and Marketing Coordinator, Communities Division

mtonson@cmfa.com

Erika Cook

Sales and Marketing Coordinator, Communities Division

ecook@cmfa.com
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Freeman as Developers

Our unique owner’s perspective enables us to create vibrant centers via groundbreaking development concepts and cost-effective practices. Through careful analysis of the property and the local market, community identity is enhanced leading to strong and meaningful relationships with customers and tenants.

EXPERIENCE

Our deep experience in the marketplace enhances our ability to be creative in assessing multiple avenues of market potential and of maximizing assets to create or rejuvenate the shopping experience for the community.

INNOVATION

Our team combines creative design with cost-effective practices so as to enhance asset value by attracting, positioning and retaining desirable long-term tenants who can build relationships with the community.

SUSTAINED SUCCESS

  • 1947: award-winning Carole Highlands, the Freeman Companies first planned development
  • 1972: Sea Colony, the premier beach and tennis resort community, cherished by generations of families
  • 2005: The Village at Bear Trap Dunes, acclaimed golf course and small town charm
  • 2007: Bayside, winner of six coveted Regal Awards and home to Delaware’s first Jack Nicklaus Signature Golf Course

Contact us to learn more about partnering with Freeman Companies as developers.

Freeman as Property Managers

We specialize in the creation of place which, aided by a proactive management style, emphasizes success and satisfaction for both retailers and shoppers alike, thus ensuring assets not only hold but increase in value.

PROVEN PROCESSES

Our customized management and maintenance programs and detailed monitoring and analysis of projected net income keeps each center active today and positioned for redevelopment in the future.

MANAGES PROACTIVELY

We maintain consistent on-site property management presence, assuring frequent communications with both tenants and landlord, as well as an active review of tenant roster, lease conditions, expiration date and renewal options to enhance optimal cash flow.

BUILDS COMMUNITY

We work to position each center as a community hub, thus increasing traffic by coordinating marketing and communications with tenants, providing the details that create shopper preference and loyalty, as well as encouraging active participation from local groups.

Contact us to learn more about partnering with Freeman Companies as property managers.

Freeman as Value Creators

Our philosophy of partnership is simple: it is an opportunity to work with others to gain trust, to share ideas, to find solutions, to enhance all of the elements involved in successful investing. This enables us to cast a wide net in finding unique angles which offer often-unsuspected potential for creating value. Added to that is the fact that our unique owner’s perspective gives us the historical grounding to be unafraid to be unconventional in finding the multiple ways of enhancing an investment.

ANALYSIS

We use every tool available, including our own deep knowledge of the economy, shifting market cycles, and available macro indicators, to understand when to buy and when to sell.

VISION

Knowledge of a property, the market, and the tenants enables us to find unique angles that will yield significant potential for maximizing value.

IMPLEMENTATION

Creating place calls for an experienced and expert blend of ambiance via architecture, landscaping, seating, and physical surroundings, plus driving the right tenancy with an appropriate mix of merchants that appeals to the community demographic.

Contact us to learn more about how Freeman Companies can create value for you.