The St. Charles Companies announces the retirement of CEO Alan Shearer. Mr. Shearer will continue to serve in an advisory capacity. Under Mr. Shearer's direction, St. Charles reestablished itself as one of the top-selling master planned communities in America, with a pace of new home sales that has routinely topped 200 units annually since 2010. In his new role, Mr. Shearer will provide guidance, advice and insight to the management team led by current President, Matthew Martin.
“Alan refocused St. Charles on its mission to be Maryland’s premier master planned community. He set in motion a series of improvements that will enhance the lives of St. Charles residents for decades,” said Federal Capital Partners Managing Partner, Lacy Rice. Mr. Rice continued, “Alan’s “Smart Growth” approach to land planning, schools, landscaping, signage and housing for active adults and seniors will guide St. Charles as it enters its next phase of improvements.”
St. Charles Companies President, Matthew Martin, said, “With the completion of this first initiative to regain St. Charles’ status as one of the top master planned communities in the Country, we are now excited to be working with the County on a new masterplan amendment for Downtown St. Charles -- the type of walkable, mixed use lifestyle center, supported by a community of apartments and single family homes, that has long been sought for Charles County.”
Mr. Shearer was appointed CEO of the St. Charles Companies in 2010, after joining St. Charles parent company, Federal Capital Partners, in 2008. Prior to his position at FCP, Mr. Shearer spent 29 years in executive leadership positions with homebuilder NVR (NYSE:NVR), parent of Ryan Homes and NV Homes. During his career with NVR, Mr. Shearer held a number of management positions in homebuilding, marketing and sales, and as Division Manager for two of the homebuilding divisions.
St. Charles, MD is the best-selling new home community in Southern Maryland and is considered one of the most successful master planned communities in the Country, recently ranked 42nd by industry data firm, John Burns Real Estate Consulting, in their independent ranking of the Top Selling Master Planned Communities of 2014* across the nation. Over the past few years, St. Charles was featured several times in The Washington Post and was profiled alongside the Washington area’s top master planned communities in The Washington Times (Master-Planned Towns, Age 50, Innovative Still). St. Charles has achieved record-level sales in recent years as buyers and renters recognize the advantages of a mixed-use community with unique features such as the Regency Furniture Stadium, the new West Waldorf library, and the new St. Charles High School. Named by CNN’s Money Magazine as one of the top twenty small cities to live in America, St. Charles is known for its diverse and abundant neighborhoods, lively retail centers, recreational opportunities and excellent schools. St. Charles appeals to all ages and lifestyles and was named by U.S. News and World Report as one of the nation’s top bargains for places to retire. St. Charles invites you to like us on Facebook at St. Charles MD or visit us at www.stcharlesmd.com.
The St. Charles Companies includes American Community Properties Trust, The Apartments of St. Charles, American Land Development and St. Charles Community, LLC. The St. Charles Companies’ lines of business include the residential and commercial development of St. Charles, a 9,100 acre planned community in Charles County, Maryland and the ownership of an operating apartment portfolio of approximately 2,500 units in St. Charles.
Federal Capital Partners® acquired The St. Charles Companies in December 2009. Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $4.0 billion in assets since its founding in 1999. FCP invests, owns, develops and manages a portfolio that includes all real estate asset classes in major East Coast Markets. In addition, FCP provides equity, preferred equity and structured debt investments for commercial and residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its third investment fund, a recently closed commingled, discretionary fund targeted at real estate markets on the East Coast of the United States. For further information on FCP, please visit www.fcpdc.com.
*Building Market Intelligence by John Burns Real Estate Consulting, January 16, 2015