Thomas Delahaye, President, CEO
Long term investments in multifamily property development is a proven method of asset accumulation. Tom Delahaye, President/CEO, has a proven track record of property investing, beginning in his early career as an attorney. Managing his family assets created years of personal experience. Then, in 2006, he created with his partners, CST Land Developers, LLC. As an attorney, Tom has both the vision, specialized skills, and dedication to direct the complex market of multifamily development. His expertise in state and federal financing, as well as conventional banking resources, is proven by the firm’s multifamily property asset growth. Creating a team of winning professionals, Tom has formed a dynamic group of individuals enhancing assets for the firm, investors, and multifamily property owners.
Bryan J. Bresler, Development and Operations/Asset Management Advisor
Bryan Bresler, Managing Member, Bresler Real Estate Consulting, has 25 years of deep and broad experience in real estate. 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 under construction; The Reserve at Juban Lakes, a $23 MM family development also under construction; The Reserve at Howell Place, a $71 MM development in East Baton Rouge slated to close in early 2022. He also provides financial structuring for CST’s market-rate developments and asset management services including LP Interest acquisitions.
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.
