Multifamily Development

Established in 2022, NewQuest Properties is broadening its development capabilities by launching a multifamily residential division.

John Leonard, an industry veteran with three decades of experience in the property sector, will assemble and lead the new division for NewQuest. NewQuest owns and manages more than 12 million SF of mixed-use and neighborhood essential centers, many of which have excess land and redevelopment opportunities that will serve as the focus for the newly created multifamily division.


John Leonard will be heading up the newest division at NewQuest – Multifamily Development (see attached press release)! John comes to
us most recently from Sueba, a well-known and long-running multifamily developer, where he served as CFO. John’s responsibilities at NewQuest will include expanding our in-house capabilities for integrating multifamily opportunities within our portfolio.

John is a licensed CPA and real estate broker, and earned his BS in Accounting from the University of Southern Mississippi.

John and his wife Gayle (both Native Texans) enjoy spending time with their two sons, Drew and Brett, when they are home from college. You can also find John relaxing at their ranch in Fredericksburg, where he participates in the occasional round of golf, water sports, and too many interests to list!


Brad comes to us most recently from Hilltop Residential, where he was Vice President of Acquisitions and Asset Management, helping to acquire and manage Class A multifamily assets in Texas and the Southeast US. Prior to Hilltop he spent most of his career as a multifamily appraiser at Cushman & Wakefield, and also had professional experiences in mortgage brokerage and multifamily brokerage.

Brad holds a BBA from the University of Texas at Austin, where he majored in Real Estate and Finance.


Gary Harnist brings three decades of experience in construction and design management to his new position with NewQuest Properties. Mr. Harnist was previously Vice President of Construction & Design at Benchmark Hospitality of The Woodlands, overseeing and working hand in hand with Owners/Developers in developing new hotels, resorts, and for sale condos from the beginning of the site plan to finally opening the doors to guests. Prior to that, he was the Senior Vice President of Construction and Design for Gatehouse Capital of Dallas, overseeing mixed-use high-rise luxury hospitality, residential and retail projects. Mr. Harnist was responsible for the overall management of construction and design professionals including selection, contracting, oversight of all outside professionals, project cost analysis and managing all department staff. Mr. Harnist has held several executive management positions with the Chicago-based General Growth Properties and Remington Hotels and has owned his own Construction Management consulting firm. He has been a senior executive in several hospitality and mixed-use developments in Hollywood, Boston, New York, Washington DC, Las Vegas, and on the island of Antigua in the Caribbean, with each project’s value ranging from $100 million to $1.5 billion.

He is a graduate of the University of Texas at Arlington where he earned his Bachelor of Science degree in Architecture.


 

Steve has been involved in finance and commercial banking for more than 48 years.  Most of that time has been spent providing debt, treasury management, investment banking and a full range of commercial banking products and services to the commercial real estate industry which includes both developers and investors.  A native Texan, he has lived and worked in the Houston metro area for most of his career.  During that time, he was fortunate to work for some of the nation’s leading commercial real estate lenders including 24 years as the Senior Commercial Real Estate lender for Bank of America’s Houston regional office.  This allowed him the opportunity to provide financing for many of the nation’s leading commercial real estate developers and investors and provide financing for several landmark projects throughout the United States.  He has provided financing for most product types within commercial real estate including multi-family, retail, industrial and office.  During his commercial banking career, he obtained his Series 7, 63 and 24 securities licenses and held memberships in various trade organizations including ULI and ICSC.   Following his retirement from Bank of America in 2015 and prior to joining NewQuest Multifamily in March of 2022, he worked as a consultant to several Houston area companies assisting with identifying capital sources for both the construction and acquisition of commercial real estate.