Orlando EB-5 Investments
    US Visas for Foreign Investors Capital for Developers   

Executive Team

Executive Team
Strategic Alliances
Advisors





 
 

CommerCenters, LLC is the Manager of Orlando EB5 Investments. The Board of Managers of CommerCenters, LLC, presently consists of Mr. George D. Livingston, Chairman, Mr. Richard Whaley, Mr. Steven Podolsky, Mr. Richard Asta, Vice Chairman, and Mr. Richard Hostetter who also serves as President.

George D. Livingston
Chairman of the Board, Chief Executive Officer of the Manager and a Founding Member of the Managing Member and ORC. Mr. Livingston is one of the most influential commercial real estate brokers and developers in Central Florida, having founded and built a major commercial brokerage firm in Central Florida known as NAI Realvest.
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Chairman of the Board and Chief Executive Officer of CommerCenters, LLC and a Founding Member of the Company. Mr. Livingston is one of the major catalysts behind industrial development in Central Florida.

Mr. Livingston also was a founder of, and is still a principal in, a major commercial brokerage firm in Central Florida known as NAI Realvest. Mr. Livingston has over 25 years of experience in site selection and land development in Florida with a long and extensive history of successful development in the Florida industrial warehouse market. Mr. Livingston currently serves as a Governor of the NAIOP Research Foundation and is a past president of the Central Florida chapter of NAIOP.

He is a member and past chairman of NAIOP’s Industrial Development Forum and Trends Committee. Mr. Livingston also has served as past Chairman of the Orange County Planning and Zoning Commission, is a past Governor’s appointee to the Central Florida Regional Planning Council and was a partner in a local planning and engineering company. He is a past board member and is a corporate investor in the Metro Orlando Economic Development Commission and has served on the East Central Florida Regional Planning Council. He also serves on the board of Homebancorp, Inc., a Florida banking group.

Mr. Livingston has been awarded the prestigious 2009 Wilbur Strickland Lifetime Achievement Award by the Central Florida Commercial Association of Realtors and the local NAIOP chapter. In addition he was selected by the Orlando Business Journal as the 2009 Most Influential Businessman in Commercial Real Estate. Mr. Livingston has lived and worked abroad for eight years. He is a member of FIABCI (International Real Estate Federation) and is a Certified International Property Specialist (CIPS) and a charter member of the Orlando TiE Chapter.

Richard Whaley 

Member of the Board and a Founding Member of ORC. Mr. Whaley is Chairman and CEO of both MAS Companies and MAS Investment Group, headquartered in Columbus, Ohio. He has over 35 years of experience developing and acquiring real estate throughout most regions of the United States and has extensive experience in international investment.
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A Member of the Board of Managers of CommerCenters, LLC and a Founding Member. Mr. Whaley is Chairman and CEO of both MAS Companies and MAS Investment Group, headquartered in Columbus, Ohio. He has over 35 years of experience developing or acquiring real estate throughout most regions of the United States. He serves as a general partner, principal officer of the corporate general partner or managing member of most of the partnerships or limited liability companies in which he is involved.

He has had extensive personal and business interests in the international arena. He has had consistent and strong relationships with European investors. He has worked closely with investors from the UK and Ireland, investing in warehouses, land and residential properties. For a decade, Mr. Whaley served as the US liaison and advisor for many of the companies owned by Kerry Packer, one of the richest and most influential men in Australia.

Mr. Whaley has been or is currently involved in a number of professional and civic associations, including Founding Trustee, Dahlberg Center; Founding Member, Ohio State Advocates; Former Director, Affordable Housing Tax Credit Coalition; Board of Directors, National Housing and Rehabilitation Association; Founding Trustee, Atlantic Housing Foundation; Nightingale Home Care, Inc. (Alzheimer's); and FIABCI (International Real Estate Group, a UN Habitat Partner and ECOSOC associate). As a Founding Trustee, Mr. Whaley is heavily involved with Atlantic Housing Foundation, a nonprofit providing quality and affordable housing across a multi-state area. AHF owns and operates an existing affordable housing portfolio consisting of nearly 8,000 units in over 30 apartment communities in approximately 22 cities in 3 states.

Steven H. Podolsky

Member of the Board and a Founding Member of ORC. Mr. Podolsky has 43 years of experience in brokerage, asset management and development activities. Mr. Podolsky leads Podolsky|Circle CORFAC International of Chicago which has consistently been recognized as one of the region’s largest commercial real estate brokerage and property management firms.
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A Member of the Board of Managers of CommerCenters, LLC and a Founding Member. Mr. Podolsky is a principal of Podolsky|Circle CORFAC International. Podolsky|Circle is one of the largest commercial brokerage firms in Chicago, as ranked by Crain's Chicago Business.

Podolsky|Circle was recently recognized as a CoStar Advisors Power Broker of the Year for Chicago. Podolsky|Circle is a founding, charter member of CORFAC International, a global brokerage network of privately owned, entrepreneurial commercial real estate firms.

Mr. Podolsky is an inaugural inductee of the Midwest Real Estate News’ Commercial Real Estate Hall of Fame (2010).
His other awards include the Howell Watson Distinguished Service Award and Instructor of the Year award from the Society of Industrial and Office Realtors (SIOR); the Distinguished Service Award from Corporate Facility Advisors (CORFAC); Medal of Honor Awards Fiabci International and from the US Chapter of the International Real Estate Federation (FIABCI); the 2008 Award for Excellence from the Illinois Real Estate Journal and Real Estate Forum Magazine's 2008 Top 25 U.S. Leasing Brokers (the only broker so recognized from Chicago). Individually, Mr. Podolsky has been recognized by Real Estate Forum Magazine and CoStar National Listing Service as a top 25 broker nationally and in the Chicago metropolitan area.

Mr. Podolsky has been a speaker, panelist and teacher of commercial real estate across the US and internationally.

Richard A. Asta

Vice Chairman of the Board, a Founding member of ORC, Mr. Asta served as CFO and then President of the world’s largest pencil company, Dixon Ticonderoga. He is a Certified Public Accountant and was a partner in Leventhal & Horwath, an international accounting firm. Mr. Asta also served as President of LivingVentures, Inc. a Florida public company.
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Vice Chairman of the Board of Managers of CommerCenters, LLC and a Founding Member. Mr. Asta joined Realvest Development, LLC in 2008 as its President and Chief Operating Officer and later was named Chief Executive Officer. Upon the CommerCenters, LLC’s acquisition of Realvest Development, he became President and Chief Operating Officer of the Managing Member.

For the prior 18 years, Mr. Asta was first Chief Financial Officer and then Chief Executive Officer of Dixon Ticonderoga Company, a multi-national consumer products company based in Heathrow, Florida.

Prior to his employment with Dixon Ticonderoga, Mr. Asta was a partner in Laventhol & Horwath, an international consulting firm based in Chicago with operations in North America, Latin America, Europe and Asia. He also worked out of the firms London office for a time.

He is a Certified Public Accountant and has a Bachelor of Science Degree in Accounting/Finance from DePaul University. Mr. Asta is or has been a member of the boards of directors of Dixon Ticonderoga, Grupo FILA - Dixon S.p.A. (Mexico), Financial Executives International, the World Trade Center organization and other non-profit organizations.

G. Richard Hostetter

Member of the Board, a Founding Member of the Manager and President of the Manager, Mr. Hostetter practiced law for 22 years. He was President, General Counsel and a principal in a private equity holding company and was a principal and director of Century Capital Markets, LLC, a structured finance and capital markets firm in Orlando, Florida.
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A Member of the Board of Managers of CommerCenters, LLC and General Counsel and President of CommerCenters. Mr. Hostetter has served as General Counsel and Senior Vice President of Capital Markets of CommerCenters, LLC since February, 2008. He is licensed to practice law in Georgia and certified as House Counsel in Florida.

For many years, he practiced law with the law firm of Miller and Martin in Chattanooga, Tennessee as a Senior Partner where he represented various public and private companies. From 1989 to 2000, he served as President and General Counsel of, and was a principal in a private equity holding company in Chattanooga, Tennessee involved in corporate acquisitions. From 2000 to 2008, he was a principal and director of Century Capital Markets, LLC, a structured finance and capital markets firm located in Orlando, Florida that owned and managed two commercial paper conduits. He served for two years on the Board of CNL Hospitality, Inc. and for over twelve years, from 1995 to early 2007, he served as an independent director for Trustreet Properties, Inc., a NYSE listed company acquired by GE in 2007.

He served as a founding independent Director on the Board of CNL Mutual Funds, Inc., which oversaw Real Estate Investment Trust stock investments, worldwide, through its sub-servicer, CBRE Securities, Inc.