Q1 2025 Market Commentary
Explore how rising tariffs and economic uncertainty are reshaping private real estate—and where to find opportunity.
DownloadMeet Our Team
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Greg Stark
Chief Executive Officer
Greg Stark serves as the Chief Executive Officer for Accordant Investments and is a member of the board of directors of Emphasis Capital, the firm’s parent company. Prior to joining Accordant Investments, Greg participated in the formation of a multi-strategy private real estate fund focused on bringing technology-enabled solutions to multifamily real estate. Greg spent over 20 years leading the private wealth business for Russell Investments in the USA, Canada, Europe, and Asia. Greg earned his Bachelor of Commerce at the University of Manitoba and Master’s in Business Administration at the IMD Business School in Lausanne, Switzerland. Greg has been active in a number of entrepreneurial companies and is on the advisory board of several private companies. Greg is also a member of the Young Presidents’ Organisation.
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Puja Madan
General Counsel and Chief Compliance Officer
Puja serves as General Counsel and Chief Compliance Officer for Accordant Investments. Puja brings 15 years of legal and compliance experience and has focused on leading the legal and compliance initiatives at various asset managers. Before joining Accordant Investments, she was Counsel at PIMCO, focusing on the separately managed account business. Prior to PIMCO, she was CCO of Gurtin Municipal Bond Management, a municipal bond investment adviser, where she focused on integration related to its acquisition and oversaw adviser and ‘40 Act fund related compliance. Prior to Gurtin she was Counsel and Chief Compliance Officer at Titan Advisors, LLC, a private fund of funds, where she built out a compliance program and led all legal and compliance efforts for the firm. Puja holds a J.D. from the University of Baltimore, School of Law, and a B.S. from New Jersey Institute of Technology. She is admitted to the bar in New Jersey and is registered in-house counsel in Arizona.
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Garrett Zdolshek
Chief Investment Officer & Portfolio Manager
Garrett Zdolshek serves as the Chief Investment Officer & Portfolio Manager of Accordant Investments and is a member of the Investment Committee. He also serves as the Chief Investment Officer and Partner of IDR Investment Management, LLC, an affiliate of Accordant. Garrett brings over 20 years of experience in private equity real estate fund investments, consulting, and advisory services. Previously, he held the role of Managing Director for Courtland Partners, Ltd., one of the largest real estate consulting companies in the United States. Garrett has spoken at a number of real estate seminars and is an Advisory Board Member of IREI. He holds a B.A. in Business Administration from Baldwin Wallace University.
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Stephen Nelson
Chief Operating Officer
Stephen Nelson serves as Chief Operating Officer for Accordant Investments. He is responsible for overseeing the day-to-day business operations and key client relationships. Prior to joining Accordant, he spent nearly ten years with The Wolff Company, an Arizona-based real estate private equity firm, where he was responsible for all investor communication and reporting, marketing and capital raising for the firm’s six private real estate funds. Prior to The Wolff Company, he was with the Bascom Group, a top-20 multifamily real estate manager where he was responsible for identifying and evaluating new multifamily investment opportunities in the United States and overseeing capital expenditure projects for the firm’s real estate portfolio. Stephen earned his Bachelor of Science in Accounting degree from Brigham Young University.
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James (Jim) Hime
Chief Financial Officer / Managing Director
James (“Jim”) Hime currently serves as Managing Director for Accordant Investments. Prior to joining Accordant, Jim was the Global Head of Infrastructure for Affinius Capital, where he led a team in building a business that offered infrastructure investment advice to clients of the company. Prior to that role, Jim functioned as Chief Operating Officer managing treasury, insurance and dispositions functions. Jim sits on Accordant’s Investment Committee and the board of directors of its parent company, Emphasis Capital. He is also on the board of directors of IDR Investment Management, an affiliate of Accordant. Prior to Affinius Capital, Jim was the CFO and served as a member of both the Real Estate and Infrastructure Executive Committees for the Abu Dhabi Investment Authority (“ADIA”), one of the world’s largest sovereign wealth funds. Before joining ADIA, Jim was with the Lionstone Group, a privately-owned real estate investment firm. Earlier, Jim served as senior vice president and head of capital markets at Hines Interests. Before joining the real estate sector, Jim spent 20 years at Baker Botts L.L.P. Jim received a Bachelor of Arts degree in Economics from the University of Texas and his Juris Doctor (J.D.) from the University of Texas, School of Law.
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Todd Lockwood
Managing Director – Fund Operations
Todd Lockwood serves as Managing Director for Accordant Investments, responsible for the operational infrastructure and client facing side of the business. Prior to joining Accordant Investments, he held similar functional roles with CIM Group and Cole Real Estate Investments, primarily working with real estate investment trusts, interval funds and institutional products. Prior to that, he was with ING, a global investment management, banking and insurance company. Todd has been an active member of several financial service associations over the past 20+ years, including the Investment Company Institute (ICI), the Institute for Portfolio Alternatives (IPA) and Nicsa. Todd earned his BSBA in Finance at the University of Arizona.
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Adam Liebman, CFA
Managing Director
Adam serves as Managing Director for Accordant Investments and is based in New York. He is responsible for working directly with financial advisers, investors and wealth management home offices. Adam is an alternative investments specialist with over 20 years of experience focused on investment manager due diligence, asset allocation, risk management and client service. Prior to joining Accordant Investments, Adam held a number of senior roles at Morgan Stanley Wealth Management, including managing the investment due diligence teams for liquid alternative investments and co-investments. Previously, Adam spent a decade at the Royal Bank of Canada within the capital markets and asset management divisions. Adam earned his Bachelor of Science in Business Administration from Boston University Questrom School of Business. He holds the Chartered Financial Analyst designation.
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Blaise Grippa
Managing Director
Blaise serves as Managing Director for Accordant Investments and is based in the New York office. He is responsible for new business development and client service. Blaise is an accomplished financial services professional with over 20 years of experience raising capital for alternative and traditional investment strategies. Prior to joining Accordant Investments, Blaise was Managing Director, Head of National Sales for RIA Services at Ascendant Capital. Previously, he was Regional Director at Invesco Global Asset Management and Vice President of Institutional Investments at JP Morgan Asset Management. Blaise began his career at Morgan Stanley as a Financial Adviser. He holds a Bachelor of Science in International Business and Management from Manhattan College.
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David Crowder, CIMA
Managing Director
David serves as Managing Director for Accordant Investments and is based in the Dallas office. He is responsible for new business development and client service. David brings over 25 years of experience raising capital for alternative and traditional investment strategies. Prior to joining Accordant Investments, David was Senior Vice President for Private Wealth at Voya Investment Management. Previously, David was Regional Director and Divisional Client Executive for Russell Investments. David earned his MBA and BBA in Finance from The University of North Texas. He holds the Certified Investment Management Analyst designation.
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Jeff Gross
Managing Director
Jeff Gross serves as Managing Director for Accordant Investments and is based in the company’s Scottsdale headquarters. He is responsible for new business development and client service, focusing on the western region. Jeff brings over twenty years in the real estate financial industry. Most recently, he served as Senior Vice President at Bluerock. Before joining Bluerock, he was the Director of Alternative Investments at Apollo Global Management Inc. Prior to that, he served as Senior Vice President at Griffin Capital Securities, LLC and at Cole Capital. Jeff earned a Bachelor of Science in Engineering from Worcester Polytechnic Institute.
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Dean Borgh
Managing Director
Dean serves as Managing Director for Accordant Investments. He is responsible for expanding the distribution of Accordant’s investment solutions in the private wealth channel. Prior to joining Accordant, Dean was a Principal at Ares Wealth Management Solutions, overseeing Ares’ client management activities in the global wealth channel. Prior to joining Ares in 2021, he was a Senior Vice President, Strategic Accounts at Black Creek Capital Markets. He has also held senior management positions at Starwood Capital and W.P. Carey. Dean holds a B.A. from the University of Minnesota in Political Science and a J.D. from Mitchell Hamline School of Law.
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Tin Bui, CPA
Controller
Tin Bui serves as Controller for Accordant Investments. He is responsible for overseeing the financial and administrative functions for Accordant’s Public and Private funds as well as the Corporate entities. Tin brings nearly three decades of experience in the investment management industry. Before joining Accordant, he held senior finance and fund administration roles at several leading financial institutions, including almost 17 years at Voya Investment Management. Tin holds a B.A. from the University of Oregon, with double majors in Accounting and Decision Sciences. He earned his M.B.A. from the University of California, Irvine, and is a Certified Public Accountant licensed in the State of Arizona.
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Lauren Ill
Director – Marketing
Lauren Ill serves as Director – Marketing for Accordant Investments, responsible for leading the company’s marketing strategy and initiatives, and accelerating its brand recognition throughout the industry. Lauren’s prior experience spans global and national corporations within the private equity, commercial real estate, and fintech sectors. Most recently, Lauren was head of product marketing for an industry-leading private equity real estate marketplace where she led deal marketing and launch strategy, new product positioning, corporate content strategy, PR, and investor experience and conversion. Lauren earned a B.A. from the University of Southern California.
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Haley Dudek
Marketing Manager
Haley Dudek serves as a Marketing Manager for Accordant Investments, supporting the development and execution of marketing initiatives across the firm’s product lineup. With experience in both financial services and marketing, Haley contributes to campaign coordination, content development, and client communication efforts. At Accordant, Haley focuses on helping execute integrated campaigns, maintain brand consistency, and strengthen adviser-facing programs through organized execution and attention to detail.
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Sean Anderson
Director – Fund Operations
Sean Anderson serves as Director for Accordant Investments and is responsible for servicing client accounts and key operational vendors. Prior to joining Accordant Investments, Sean spent over a decade handling various operational functions, relationship management and product distribution for several private equity sponsors. Sean was Vice President of Business Development at Kensington Analytics. Before his time at Kensington Analytics, he served as Director of Client Services at Ascendant Capital. Sean graduated from the University of North Texas.
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Cindy Krawczyk
Operations and Compliance Manager
Cindy Krawczyk serves as the Operations and Compliance Manager for Accordant Investments. Cindy is responsible for coordinating day-to-day operations, ensuring strict adherence to regulatory compliance, and acting as a key liaison between internal teams and the Board of Directors. Prior to joining Accordant Investments, Cindy spent 14 years working in the NFL as Publicity Manager for the San Francisco 49ers and Assistant to the Head Coach at the Arizona Cardinals. Cindy holds a Bachelor of Science in Journalism from Utah State University and a Master’s Degree in Sport Management from the University of the Pacific.
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