Real Estate Investment Team

Brian L Gevry Boyd Watterson Asset Management

BRIAN GEVRY, CFA | CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER

Brian L. Gevry, CFA, is CEO and CIO of Boyd Watterson Asset Management, LLC, responsible for the strategic leadership of the firm and the oversight of the firm’s investment processes and committees. Brian also serves as Chairman of the Real Estate Investment Committee. Prior to his role as CEO, Brian served as Boyd Watterson’s chief operating officer from 2000–2006. Previous leadership roles with the firm include executive vice president and member of the Operating Committee of Duff & Phelps Investment Management Co., Boyd Watterson’s predecessor firm. Brian also held positions as a fixed income portfolio manager and senior strategist on the Conservative Value Equity and Fixed Income committees. Brian began his career with the firm in 1991. Brian holds a CFA Charter from CFA Institute, an MBA from Case Western Reserve University, and a BA from Cleveland State University. He is a member of CFA Society Cleveland and of CFA Institute. Brian has 26 years of investment experience.

Robert Bob Law Boyd Watterson

ROBERT LAW | EXECUTIVE VICE PRESIDENT, CHIEF INVESTMENT OFFICER of Real estate

Robert M. Law serves as Chief Investment Officer and Portfolio Manager on the real estate team. Bob is also a member of the Real Estate Investment Committee. Prior to joining Boyd in 2009, Bob worked for fourteen years at Mercantile Bank and Trust Company in Baltimore as the managing director of real estate investment management. While at Mercantile, Bob grew the AFL- CIO’s Building Investment Trust from $200 million to $1.9 billion over a ten year period. Bob also worked for five years as the senior vice president and division manager of the real estate industries at Maryland National Bank. Bob graduated from the Virginia Military Institute in 1965 with a B.S. in civil engineering and he attended the Graduate Government and Business program at George Washington University from the fall of 1968 to the spring of 1970. He has 45 years of industry experience.

Stephen Steve Perry GSA Boyd Watterson

Stephen Perry | Executive Vice President

Stephen A. Perry serves as a member of the Real Estate Investment Policy Committee and is responsible for advising the real estate team on GSA property strategy and client service. Prior to joining Boyd Watterson in 2014, Steve was the President/Executive Director of the Pro Football Hall of Fame in Canton, Ohio, where he continues to serve as an Honorary Member of the Board of Trustees. Previously, Steve served as the 17th Administrator (CEO) of the U.S. General Services Administration (GSA), a position appointed by President George W. Bush and confirmed by the U.S. Senate. While at the GSA, Steve was responsible for overseeing the agency's 14,000 employees and the improvement of the government's workplace by managing assets, maximizing value in acquisitions, and implementing technology solutions. He also held various managerial positions at The Timken Company, and served in the Cabinet of Ohio Governor George Voinovich as Director of the Department of Administrative Services. Steve has also served as an active participant in a number of organizations, including the Board of Directors for Labor Policy Association, Manufacturing Alliance for Productivity and Innovation, and the National Association of Manufacturing, and has served on numerous boards involved in community service. Steve holds an MS in management from Stanford University and a BA in accounting from the University of Akron. Steve has 44 years of industry experience.

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AL IUDICELLO | CHIEF STRATEGY OFFICER, MANAGING DIRECTOR OF BWAM DC REAL ESTATE OFFICE

For 14 years of his career, Mr. Iudicello served in senior management positions in the United States General Services Administration (GSA), with responsibilities for management of the annual preparation of GSA’s 5 year plan and Capitol Hill testimony on the plan and annual GSA prospectuses. Subsequent to his employment with the GSA, Mr. Iudicello organized the first national fund specializing in the acquisition and management of real estate assets leased by Federal government entities. He employed this model in six funds, assembling and managing government leased portfolios with over 650 buildings and 23.4 million square feet of space, raising institutional, European and sovereign wealth fund equity and arranging balance sheet and CMBS debt with international banks. Mr. Iudicello graduated from the U.S. Air Force Academy, has an Executive MBA degree from Georgetown University and MCE degree from Catholic University.

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Brian Convery, CFA | Executive Vice President, Deputy Chief Investment Officer, Boyd Watterson

Brian A. Convery, CFA, serves as a member of the Boyd Watterson State Government Strategy portfolio management team and the Real Estate Investment Committee.  In addition, Brian oversees the firm’s real estate research team and fixed income strategies utilizing high yield bonds. Brian joined Boyd Watterson Asset Management in 2011. Prior to joining the firm, Brian was a senior investment analyst with Key Private Bank in Cleveland. Previously, he was a partner at WR Huff Asset Management. Brian has also served as a management consultant with Deloitte Touche Tohmatsu Ltd. Brian holds a CFA Charter from CFA Institute, an MBA from Georgetown University, and a BA from the University of Dayton. He is a member of the CFA Society of Cleveland and CFA Institute. Brian has 16 years of industry experience.

Casey Wendeln GSA Boyd Watterson

CASEY WENDELN | SENIOR VICE PRESIDENT, Portfolio management

Casey F. Wendeln serves as a member of the Real Estate Portfolio Management team and is a member of the Real Estate Investment Committee. He also oversees capital markets activities and is responsible for oversight of the LIFE Fund and Separate Accounts. Since joining Boyd he has worked on approximately $700 million in acquisitions and development projects and placed $1.2 billion in debt financing. Prior to joining Boyd in 2009, Casey worked in the Capital Markets Group at Jones Lang LaSalle in Chicago, where he worked on over $2.4 billion in commercial property transactions. He also interned at ProLogis Trust while getting his MBA. Casey graduated magna cum laude from the University of Notre Dame with a BBA in finance and earned his MBA at the Kellogg School of Management at Northwestern University. Casey has 16 years of industry experience.

Joseph Joe Capra Boyd Watterson

Joseph Capra | Vice President, Acquisitions

Joseph V. Capra is Co-Head of Acquisitions for the real estate team. Prior to joining BWAM in 2015, Mr. Capra was Director of the Midwest Capital Markets Group at DTZ (now Cushman & Wakefield).  He also formerly worked at the FDIC where he was on the committee responsible for managing a $3 billion portfolio of commercial real estate loans.  Previously, Joe worked at Barclays Capital where he oversaw the origination, underwriting and securitization of over $1.25 billion in commercial real estate loans.  Prior to Barclays he worked for Keybank Real Estate Capital where he managed a $600 million portfolio of commercial real estate loans.  Joe earned his MBA in Finance from the University of Missouri and has over 24 years of investment experience.

Eric Dowling Boyd Watterson

Eric Dowling | Vice President, Acquisitions

Eric F. Dowling is Co-Head of Acquisitions for the real estate team. Prior to joining BWAM in 2015, Eric worked for Green Courte Partners, where he had broad responsibilities in acquisitions and asset management and led the disposition efforts for various properties. Eric also previously had development, underwriting, and acquisitions roles with The DSF Group, Arbor Commercial Mortgage, and Equus/BPG Properties.  Eric has a BS from Villanova University, and earned his MBA with a concentration in Real Estate and Urban Land Economics from the University of Wisconsin-Madison. Eric has 12 years of industry experience.

Hugh Nisbet | Vice President, Acquisitions

Hugh K. Nisbet works in acquisitions for the real estate team.  Hugh joined Boyd Watterson Asset Management in 2017.  Hugh brings 23 years of financial services experience to BWAM most recently working as a senior underwriter for KeyBank, focusing on its Commercial Mortgage Back Securities, Fannie Mae and Freddie Mac loan products. Hugh has also held credit and production positions for Barclays Real Estate Capital’s and Natixis’ commercial real estate lending divisions.  Throughout his commercial real estate career, Hugh has facilitated the structuring and financing of over $2 billion worth of commercial real estate transactions.  He also held various positions in insurance and derivatives trading early in his financial services career.  Hugh received his BSBA and MBA with a concentration in finance from the University of Missouri. Hugh has 23 years of industry experience.


Larry Murphy | Vice President, Acquisitions

Larry Murphy works in acquisitions for the real estate team.  Larry joined Boyd Watterson Asset Management in May 2018.  Larry brings 24 years of financials services and commercial real estate experience to BWAM most recently working as a Senior Analyst for KeyBank, focusing on loan origination for Commercial Mortgage Backed Securities (“CMBS”) and Investor Placement executions.  Larry also held underwriting positions in LaSalle Bank’s and Barclays Real Estate Capital’s capital markets groups structuring and financing more than $2.5 billion in CMBS transactions. He also has workout/asset management experience handling a $500 million commercial real estate portfolio.  Larry received his BS from the University of Iowa. 


Nikola Tatic | Analyst, Acquisitions

Nikola Tatic works in acquisitions for the real estate team.  Prior to joining Boyd Watterson in 2016, Nikola worked at GEM Realty Capital as an intern in their real estate acquisitions group, providing analysis and market research on a variety of different asset types.  He also worked at The Hearn Company as a summer intern for their real estate acquisitions team.  Nikola has a BA in Economics from Indiana University.

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Keith Schuman | Analyst, Acquisitions

Keith S. Schuman is an acquisition analyst with Boyd Watterson’s real estate team. Prior to joining the firm in 2017, Keith worked at the Inland Real Estate Group. At Inland, Keith was responsible for performing due diligence on various property types across multiple funds, including shopping centers, single-tenant retail, multifamily, and medical office assets. Keith earned a BBA with a double major in real estate and finance from the University of Wisconsin-Madison. He has 3 years of industry experience.

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Trenton Joyce | Analyst, Acquisitions

Trenton M. Joyce is an acquisitions analyst with Boyd Watterson’s real estate team.  Prior to joining the firm in 2018, Trenton held the position of commercial mortgage analyst at Fitch Ratings, where he assessed the credit characteristics of US and Canadian CMBS transactions. Previously, Trenton was a structured finance analyst with US Bank, where he was responsible for the monthly oversight and calculations of MBS and ABS trusts. Trenton earned a BBA with a major in Finance from the University of Dayton and is currently enrolled in the CFA program. Trenton has 3 years of industry experience.

Kristen Franke Boyd Watterson

Kristen Franke | Vice President, Asset Management

Kristen L. Franke is Co-Head of Asset Management for government properties in the West. Prior to joining BWAM in 2014, Kristen worked at IndCor Properties, Inc., a Blackstone Company, focusing on ownership and management of industrial properties. She also served as portfolio and asset manager for Charter Hall Real Estate, formerly Macquarie Real Estate Inc. and has held various financial and analytical real estate positions in her early career. Kristen has a BS from Cornell University, and an MBA with emphasis in Finance and Real Estate from the University of San Diego. Kristen has 18 years of industry experience.

Brian Orr Boyd Watterson

Brian Orr | Vice President, Asset Management 

Brian R. Orr is Co-Head of Asset Management for government properties in the East. Prior to joining BWAM in 2014, Brian worked at Ernst & Young, LLP, where he managed a team on various investment consulting, valuation, and capital markets engagements for the Transaction Real Estate Advisory Services group. He also served as a leasing specialist for the General Services Administration (GSA), responsible for performing lease procurement and leasehold portfolio management, as well as conducting market analysis and working with building representatives and brokers while negotiating leases for various federal agencies. Earlier in his career, Brian held various financial and analytical real estate positions. Brian is a member of the Chicago Real Estate Council, the Mortgage Bankers Association, and an Associate Member of the Institute of Real Estate Management. Brian has a BA from Purdue University. Brian has 14 years of investment experience.

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Thomas Cicotello | Vice President, Asset Management

Thomas M. Cicotello is an asset manager with the real estate team.  Prior to joining Boyd Watterson, Tom was senior asset manager and director of commercial leasing for the privately held Clark Enterprises, Inc. (CEI) of Bethesda, Maryland. At CEI, Tom was responsible for the oversight of management, leasing, and capital improvement activities associated with CEI’s commercial and hospitality portfolio. Before joining CEI, Tom was responsible for the mid-Atlantic portfolio of the publicly traded HRPT Properties Trust (NYSE: HRP).  Tom’s experience includes completing more than $675 million in leasing transactions and overseeing more than 14 million square feet of commercial real estate. He has an BSBA from The American University in International Business and Finance.  In addition, Tom holds the designations of CCIM from the CCIM Institute, RPA from the Building Owners and Managers Institute International, and is a LEED-accredited professional through the USGBC. He was a 2007 recipient of The Prince Gallitzin Cross Award from the Diocese of Altoona-Johnstown. Tom also sits on the boards of Safe Shores—the DC Children’s Advocacy Center, the Monsignor Smyth Endowment Fund, and the SW Business Improvement District in Washington, DC.

JASON SHOMAN | VICE PRESIDENT, ASSET MANAGEMENT

Jason A. Shoman is an Asset Manager with Boyd Watterson’s real estate team. Prior to joining the firm in 2017, Jason served as the Senior Associate of Fund Management at Aeroterm, where he was responsible for providing daily analytic support, underwriting guidance, and leadership to members across the acquisitions, development, and asset management teams. Previously, Jason held the roles of Associate of Finance for a publicly‐traded GSA REIT, Senior Analyst of acquisitions for a GSA private equity firm, and Asset Management Analyst for a multi‐family developer/manager. Jason earned his MS in Real Estate from Johns Hopkins University and BS in Public Policy, Management, and Planning from the University of Southern California. He is a Leadership in Energy and Environmental Design Accredited Professional (BD+C). Jason has 7 years of industry experience.

James Jimmy Georgantas Boyd Watterson

James Georgantas, CFA, CPA | Vice President, Asset Management

James E. Georgantas, CFA, CPA, works in asset management for the real estate team. Prior to joining Boyd Watterson in 2015, James worked at Global Logistic Properties (formerly IndCor Properties, Inc.), focusing on financial analysis for a vast portfolio of industrial real estate. James also served as a senior associate within the real estate audit practice for KPMG, LLP. James is a Certified Public Accountant (CPA) and holds a Charter from CFA Institute. James is a member of the AICPA, the ICPAS, CFA Institute, and CFA Society Chicago, where he serves on two advisory panels. James has a BA and a Master's Degree in accounting from the University of Illinois at Urbana-Champaign. James has 6 years of industry experience.

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patrick mcgarry | Vice President, Asset Management

Patrick J. McGarry is an asset manager for the real estate team. Prior to joining Boyd Watterson in 2018, Patrick worked in the Chicago office of American Realty Advisors, providing broad asset management services for a portfolio of core and value-add office and industrial properties. Previously, Patrick worked for Reit Management and Research, where he served as the Fiscal Operations Manager overseeing the Midwest Region. He also spent seven years at Equity Office Properties in a variety of financial and analytical roles.  Patrick has a BBA in Finance from The University of Notre Dame and an MBA in Real Estate Finance and Investment from DePaul University’s Kellstadt Graduate School of Business. Patrick has 13 years of industry experience.

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Daniel Tadder | Assistant Vice President, Asset Management

Daniel A. Tadder is an asset manager for the real estate team. Prior to joining Boyd Watterson in 2018, he worked at Global Logistic Properties, focusing on the financial planning and analysis for the company’s industrial portfolio. Daniel also held various accounting positions within the real estate industry.  Daniel has a BS and Master’s Degree in accounting from Illinois State University. He is currently working towards an MBA at the University of Chicago Booth School of Business. Daniel has 6 years of industry experience.

Ryan Howard | Analyst, Asset Management

Ryan L. Howard works in asset management for the real estate team.  Prior to joining Boyd Watterson in 2017, Ryan worked for Deloitte in their Real Estate Consulting group.  Ryan earned a BBA with a double major in real estate and finance from the University of Wisconsin-Madison.  He has 4 years of industry experience.

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Colleen Hyland | Analyst, Asset Management

Colleen B. Hyland is an asset management analyst with Boyd Watterson’s real estate team. Prior to joining the firm in 2018, Colleen was a client analyst for Marquette Associates, an investment consulting firm. Colleen earned an MBA from Loyola University of Chicago and a BS with a double major in finance and marketing from Marquette University. She has 7 years of industry experience.

Rank Dawson Boyd Watterson

RANK DAWSON, CFA | VIce President, strategic planning

Rank O. Dawson, CFA, is a Vice President focusing on strategic planning. Rank joined Boyd Watterson Asset Management in 2016. Prior to joining the firm, Rank was a credit analyst and a member of the mutual fund research team with Key Private Bank in Cleveland.  He also served as an investment research analyst at UBS. Rank holds a CFA Charter from CFA Institute, an MBA from Xavier University, and a BA from the University of Dayton. Rank is a member of the CFA Society of Cleveland and CFA Institute. Rank has 12 years of industry experience.

Ken Kilpatrick | Research Analyst

Ken C. Kilpatrick is a Research Analyst for the Real Estate division. Prior to joining Boyd Watterson, Ken worked at First National Bank of PA as a financial analyst. Ken holds a BS in finance from Youngstown State University. He is currently enrolled in the CFA program.


Steve Berhalter | Data Management AnalysT

Steve T. Berhalter is a Data Management Analyst for the Real Estate division. Prior to joining Boyd Watterson, Steve worked in Strategy for Sony PlayStation focusing on international expansion and for Caesars Entertainment as a joint venture financial analyst. Steve earned an MBA from the University of Michigan, Ross School of Business and a BA from John Carroll University. Steve has 8 years of industry experience.