Boston Multifamily Investment Snapshot

Mr. Sower joined Colliers International in 2016 and serves as the Executive Vice President for the Multi-Family Advisory Group. In this capacity, Mr. Sower is dedicated to the creation and execution of acquisition and disposition strategies, and joint venture opportunities in middle-market multifamily investments on behalf of clients throughout the Northeast. PROFESSIONAL ACCOMPLISHMENTS Mr. Sower has closed $5.5 billion in multifamily sales volume representing over 40,000 apartment units over his 15-year real estate career. Everest Club Member 2017, 2018, 2019 NOTABLE TRANSACTIONS • The Green District, Allston, Boston - $147 million, 283 unit apartment portfolio • True North Portfolio, Brighton & Somerville - $63.1 million, 190 unit apartment portfolio • 334 Harvard Street, Cambridge - $28.5 million, 68 units apartment building • Richmond Vista, Wakefield - $23.5 million, 114 unit apartment building • Schoolhouse at Lower Mills, Dorchester - $19.05 million, 62 unit apartment community • Residences at Telford Street, Brighton - $4.45 million condo development site CLIENTS • The Mount Vernon Company • True North Capital Partners • Riverside Properties • Coppola Management • Boston University • The Community Builders PRIOR EXPERIENCE Prior to joining Colliers, Mr. Sower served as Managing Director & Senior Partner at Boston Realty Advisors, where he focused on the valuation, marketing, and sale of multi-housing properties throughout Northeast. Mr. Sower has also held positions at Cushman & Wakefield, CB Richard Ellis | New England, and Boardwalk Properties.

Monica G. Tibbits-Nutt, AICP, LEED AP BD+C is the Executive Director of the 128 Business Council. Working in regional planning and transportation, Monica’s areas of specialty are transportation planning, urban design, and sustainability. Her work experience includes public sector transit planning at both the MBTA Advisory Board and as Executive Director of TransitWorks. In addition, Monica has worked in regional planning and development for the Mid-Ohio Regional Planning Commission (MORPC), the City of Columbus Planning and Development office, and the Greater Linden Development Corporation. She received a Masters of City and Regional Planning from the Ohio State University in Columbus and a Bachelor of Science in Political Science and Sociology from the University of Southern Indiana. In both her work and research, Monica is interested in developing regional strategies that not only integrate sustainable practices into transportation, but also capitalize upon every opportunity to better educate the public about all aspects of the planning process. She serves as the Vice President of the non-profit Youth Engagement Planning (YEP!), which brings urban planning and community advocacy into K-12 environments. More generally, Monica is an active member of the research community. Select links to her writing and film work, as well as information about past featured speaking engagements, can be found in 128 Business Council's Press section. Monica serves on the Massachusetts Department of Transportation (MassDOT) Board of Directors and the Fiscal Management and Control Board that currently oversees the MBTA. She is a gubernatorial appointee to the Board of the Metropolitan Area Planning Council (MAPC) serving on the Executive Committee and Legislative Committee. She has formerly served as Vice-Chair of the Regional Transportation Advisory Council (RTAC). She is an active member of the American Institute of Certified Planners and a LEED Accredited Professional in Building Design & Construction with the U.S. Green Building Council.

Michael is a principal owner of his firm, The Procopio Companies, and currently holds the position of Vice President of Development. The Procopio Companies is a family development and construction management firm founded in 1950, and active throughout southern New England. Michael is third generation and joined the firm full time in 2003, working both in the field and on the sales team, and later as a project manager and project executive on the construction side of the firm. Michael became a principal in the firm in 2016 through a partial buyout of generation two, as the firm moved from the luxury single-family market to the class-a multifamily construction and development sectors. He is currently responsible for leading the development team through all aspects of large-scale residential & commercial developments, including underwriting and delivery, acquisitions and disposition, approvals and permitting, capital management, strategic planning and sales across a portfolio of companies. Since 2008, he has led the development of over $250 million in residential and mixed-use projects across eastern Massachusetts. Michael serves on the Board of Directors of Spectrum Health Systems, a $100 million behavioral health and addiction recovery non-profit, as well as on the Board of Directors of the Greater Lynn Chamber of Commerce.