Thomas Delahaye, President, CEO
CST Multifamily Real Estate Services, LLC
CST Multifamily Real Estate Services President and CEO Tom Delahaye leads the umbrella organization of CST Multifamily affiliated firms, including CST Multifamily Group. As an attorney, real estate developer and strategic leader, Tom created and guides the firm to new heights in property management, land development, and investment strategies. Client relations, new property acquisition and the firms’ oversight are his focus.
Bryan Bresler, Vice President and Chief Operating Officer (COO)
Bryan Bresler, Vice President and COO, has 25 years of deep and broad experience in real estate development. He began his career in affordable single-family housing development for a non-profit organization based in Ohio, and in sales with a family-owned real estate brokerage where he worked on auctions and on rural land development. He spent over 18 years with a leading national non-profit syndicator in various senior roles including in development advisory services where he secured funding for LIHTC developments, and in asset management where he completed over 40 dispositions on behalf of investment funds generating millions in proceeds for limited partners. Bryan has advised CST Land Developers on several affordable housing developments: Morningside at Juban Lakes, a $21 MM senior housing development; The Reserve at Juban Lakes, a $23 MM family development; and The Reserve at Howell Place, a $71 MM development in East Baton Rouge Parish, The Reserve at Howell Place, scheduled to open in 2023. In addition, he is active with ongoing financial assessments of CST’s market-rate developments and asset management services including Limited Partner Interest acquisitions. His expertise in numerous facets of multifamily assessment, evaluation, and development adds to the broad talent resources of CST Multifamily Real Estate Services.
Ed Wagers, Architect, Construction Manager
Oversight of construction and monitoring of the current CST development project on a day to day basis is essential. Leading the construction monitoring is a seasoned professional, Ed Wagers, a licensed architect. Ed has more than 25 years of experience in multi-family project and construction management. He has worked in almost every facet of construction from commercial, industrial, retail, golf courses, to multi-family residential. He brings a wealth of experience that also spans developments in all parts of the country. In addition, he has successfully partnered with public entities in all phases of zoning, planning, wetland and governmental approval for land and development. Because of his expertise, Ed coordinates all matters with the contractor, the architect and the engineer.
Mike Dummermuth, Director of Financial Structuring
Prior to joining CST, Mike Dummermuth provided consulting services to CST related to financial structuring. He has been a financial analyst in the Low-Income Housing Tax Credit (LIHTC) industry since its inception in 1986 and brings extensive experience and expertise to CST. He worked for the Ohio Housing Finance Agency from 1985 to 1993 managing the LIHTC program for OHFA during his last six years. He later joined National Affordable Housing Trust (NAHT), working more than 25 years in various roles including VP of Financial Structuring and Quality Assurance. In 2018, he formed MSD Consulting LLC, offering financial structuring/analysis services to various companies in the LIHTC industry.
Jacob Bresler, Director of Project Management
Jacob Bresler, Director of Project Management, is one of the newest members to the CST team and provides an injection of youth. He prepares draw models and coordinates the entire draw process on behalf of CST, including collaborating with lenders, contractors, and any other required entities. In addition, he leads the preparation of all applications including LIHTC, tax-exempt bonds, and gap funding requests. Finally, he supports asset management by running stabilization analyses and analyzing the financial performance of all assets. Jacob is currently undergoing further training to continue to develop his skills and expand his knowledge of affordable housing and the real estate development world.
Rebecca Sullivan, Director of Accounts Payable
As a longtime business owner, Rebecca Sullivan learned that financial accounting was crucial to managing and advancing the family’s security systems firm. After 20 years, the family-owned business was sold, and Rebecca Sullivan later began working again using her financial and accounting expertise. Her business acumen, computer skills, and knowledge of accounting are important assets in her work for CST Multifamily Real Estate Services. Any day, you will find Rebecca Sullivan ready and willing to fulfill her role with focus and fervor, performing vital company accounting for each of the CST Multifamily Real Estate Services subsidiaries: CST Multifamily Group, CST Land Developers, and CST Development Funds.