Burroughs & Chapin is a privately owned Real Estate Investment Trust that has served our shareholders well for over 100 years.
The company has always adopted a long-term approach to value creation. This guiding principle has helped shape a practice of good decision-making and has, in turn, led to a long track record of delivering consistent returns for our shareholders.
Throughout an operating history that began in the early 1900s, Burroughs & Chapin has acquired experience in a multitude of industries including hospitality, golf, master-planned development, tourism attractions, commercial leasing and shopping center development.
Its carefully developed strategic plan places a high priority on owning and managing a best-in-class portfolio of experiential retail properties in selected markets throughout the Southeast. The company's ability to execute its strategy with discipline and focus has translated into above market returns for our shareholders.
Chairman of the Board
After retiring as an Employee Benefits Consultant in Washington, D.C., Mr. Waters entered private consulting, specializing in tourism and economic development. He is currently the Vice President of The Waters Foundation, a philanthropic organization founded by his wife, Julie. For over 25 years he has been involved with his community having served in leadership roles on numerous boards and committees. He has served as a liaison to the Shareholder Advisory Committee and the B&C Foundation. He and Julie have been married for 38 years, have four children, and three grandchildren.
He currently serves as a member of the Nominating & Corporate Governance and Personnel & Compensation Committees.
Mr. Waters has undergraduate degrees in Economics and History from Mary Washington College.
President & Chief Executive Officer
As President & CEO, Mr. Apple is responsible for the leadership of Burroughs & Chapin’s Executive Team as well as strategy development for the Company. Prior to joining B&C, he was a founding principal of Trade Street Partners, LLC of Charlotte, NC, a real estate development and investment firm operating in the Southeast. For 15 years prior to founding Trade Street Partners in 2000, Mr. Apple was an executive with Trammell Crow Company, a real estate development and investment firm with locations throughout the United States. His last position with the company was as area president, headquartered in Charlotte. In that capacity, he oversaw nine regional offices throughout the Midwest and Southeast, and was a member of the company’s Operating Committee, which set the strategic direction of the firm.
Mr. Apple received a Bachelor of Arts from the University of Alabama and a Master of Business Administration from the University of Alabama, Manderson Graduate School of Business.
C. L. Benton & Sons, Inc.
Mr. Benton is co-owner of C. L. Benton & Sons, Inc., a leading general contractor in the Coastal Carolinas, owner/manager of Arrowhead Country Club, and owner of Osprey Marina. A lifelong resident of Myrtle Beach, he serves on several boards including: The Chapin Foundation and The Coastal Educational Foundation. Mr. Benton has been a Director of the Company since 2012.
He currently serves as a member of the Investment and Nominating & Corporate Governance Committees.
Mr. Benton received a Bachelor of Science in Business Administration from Clemson University.
Anderson Brothers Bank
Ms. Burroughs is a native of Horry County with over 25 years of banking, finance, and real estate experience. She is Vice President with Anderson Brothers Bank and also serves as the President and CEO of Chapin Company, Inc. in Myrtle Beach, SC. Ms. Burroughs has a banking and finance background comprised of expertise in commercial, consumer, mortgage, and wealth management, including roles as Vice President with Bank of America, as well as City Executive and Vice President of Professional and Business Banking with The Citizens Bank. Ms. Burroughs is a National Association of Corporate Directors Fellow and a licensed SC Real Estate Broker. She serves as Board Chair for Chapin Company, Inc. and former President of Burroughs Company, Inc. She also serves as a member of the Coastal Carolina University Spadoni College of Education Board of Visitors. Her span of community involvement consists of the Myrtle Beach Chamber of Commerce, Rotary Club, Leadership Grand Strand, United Way, and service on the boards of Franklin G. Burroughs – Simeon B. Chapin Art Museum, The Boys and Girls Club of the Grand Strand, Kids Voting, and South Carolina Bankers School Advisory Board.
She currently serves as Burroughs & Chapin’s Chair of the Nominating & Corporate Governance Committee, member of the Audit Committee, member of the Family Fund Committee, and as the Board Liaison for the Shareholder Advisory Committee.
Ms. Burroughs is a graduate of the University of South Carolina Coastal Carolina with a Bachelor of Science in Business Administration with an emphasis in Management and Real Estate and a Bachelor of Arts in Psychology. She received a Master of Business Administration from Winthrop University and is an alumnus of South Carolina Bankers School, as well as, Louisiana State University’s Graduate School of Banking.
Ms. Jack is a resident of Charlotte, North Carolina and an Independent Consultant.
Prior to becoming an Independent Consultant, Ms. Jack was a Senior Vice President in the Community Bank business unit of Wells Fargo Corporation where she led large initiatives focused on improving the customer and team member experience in the retail branches. Her prior work experience also includes roles as a Consultant at Bain & Company, a management consulting firm leading strategy projects that covered a broad range of industries including consumer projects, retail, healthcare, and financial services, as well as, roles in the internal strategy groups of both Home Depot and Bank of America.
She currently serves as a member of the Investment Committee and Vice-Chair of the Nominating & Corporate Governance Committee.
Ms. Jack received a Bachelor of Arts from Harvard University and a Master of Business Administration from Harvard Business School.
CNL Financial Group
Co-Chief Executive Officer
Mr. Mauldin is the Co-Chief Executive Officer of CNL Financial Group in Orlando, Florida and oversees CNL’s enterprise-wide real estate investment and fund management, legal, compliance, and other corporate functions, while jointly managing capital markets activities and day-to-day operations. Since its founding in 1973, CNL has formed or acquired public and private companies with more than $34 billion in assets. He joined CNL in 2011 and previously served as group president-real estate investments leading multidisciplinary teams responsible for the active investment management of national healthcare, multifamily and leisure property portfolios.
Prior to CNL, Mr. Mauldin served as President, CEO and Director of Crosland, LLC, a privately held, multi-billion Charlotte, NC based real estate development and asset management company founded in 1937. During his Crosland tenure, he also served as the company’s enterprise-wide Chief Financial Officer and President of the firm’s mixed/multi-use development division. Earlier in his career, he was a founding partner of Charlotte-based private investment and operating firm Crutchfield Capital, LLC; and held various positions with Security Capital Group, Inc. which prior to its sale to G. E. Capital, held controlling interests in 18 public and private real estate operating companies (eight of which were NYSE listed), with a total market capitalization in excess of $26 billion. Mr. Mauldin began his career as a commercial real estate lender in Tampa, Florida.
Mr. Mauldin is Past Chairman of the Central Florida Partnership Board of Directors and a former director of Foundry Commercial. He currently serves as Executive Committee and Board Member of the Orlando Economic Partnership; Advisory Board Member for the Greater Orlando Sports Commission and the Orlando Police Foundation; and as Trustee for The University of Tampa.
Mr. Mauldin joined the Board of Directors of Burroughs & Chapin Co., Inc. in May 2021 and currently serves on the Audit and Personnel & Compensation Committees.
Mr. Mauldin received his Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management and also holds a Bachelor of Science degree from The University of Tampa. A former collegiate All-American; Academic All-American; and professionally drafted baseball player, he is a member of The University of Tampa’s Athletic Hall of Fame.
Eddystone Capital, LLC
Mr. Maynard is the proprietor of Eddystone Capital, LLC in Charlotte, NC which specializes in commercial loan restructuring and turnaround services. With 20 years of banking and finance experience, most recently with Wells Fargo Bank as a Senior VP of Risk Management, he led restructuring and debt workouts. Mr. Maynard is involved with the Turnaround Management Association of the Carolinas, as well as the South Carolina Bankers Association. He is also a Senior Advisor to Mirador Distressed Debt Holdings, which acquires, invests in, and manages distressed commercial real estate. Mr. Maynard has served multiple times on the Burroughs & Chapin Shareholder Advisory Committee, most recently being the 2019 committee.
Mr. Maynard received a Bachelor of Arts from Duke University and a Master of Business Administration from the University of Louisville. He is an active volunteer with the Men’s Shelter of Charlotte, a member of Myers Park United Methodist Church, and enjoys spending his free time coaching youth basketball and soccer teams with his three children.
Manufacturing & Business
Mr. Richardson, formerly the Operations Manager for Elmet Technologies, an advanced enabling materials company, is now a manufacturing and business consultant for several companies in Maine. Additionally, he is active in Portland, Maine real estate management. Mr. Richardson has been a Director of the Company since 2009.
He currently serves as Chair of the Personnel & Compensation Committee and as a member of the Nominating & Corporate Governance and Family Fund Committees.
Mr. Richardson received a Bachelor of Science in Mechanical Engineering from the University of Maine.
Pearl Meyer & Partners
Mr. Rosen, Managing Director and head of Pearl Meyer & Partners Charlotte office, has consulted on executive and Board compensation issues for more than 25 years for a broad range of public companies, as well as tax-exempt organizations and academic institutions. Mr. Rosen has extensive experience with benchmarking, retirement plan design, governance issues, and tax and accounting considerations. Prior to joining Pearl Meyer & Partners, Mr. Rosen was a Partner in the Human Capital Practice of Arthur Andersen, where he led the Southeast Compensation Practice as well as the Carolinas’ Human Capital Practice. Mr. Rosen has been a Director of the Company since 2012.
He currently serves as Chair of the Audit Committee and as a member of the Personnel & Compensation Committee.
Mr. Rosen holds a B.B.A. and an M.S. in Accounting with a specialty in Taxation from Texas A & M University. He is also a Certified Public Accountant.
Selwyn Property Group, Inc.
Principal & Founding Partner
Mr. Teague is a Principal of Selwyn Property Group. He was formerly the National Team Leader for Lauth Property Group’s Retail Development program and Senior Managing Director for Faison & Associates and Trammell Crow Company. A resident of Charlotte, North Carolina, Mr. Teague has more than 25 years experience in commercial real estate and has developed over 7 million square feet of commercial space. He is a member of the ICSC and CCIM. A Director of the Company since 2008, he has served as a member of the Personnel & Compensation, Nominating & Corporate Governance, and Strategic Planning Committees.
He currently serves as a member of the Investment and Personnel & Compensation Committees.
Mr. Teague received a Bachelor of Arts from Washington & Lee University and a Master of Business Administration from the University of North Carolina. He serves on the Boards of Thompson Child and Family Focus and Thomas Jefferson’s Poplar Forest.
Bank of America
Regional Executive (Retired)
Ms. Woodside has over 35 years of banking experience, with specific expertise in the area of commercial real estate finance. She began her career with South Carolina National Bank where she held positions in both residential and commercial real estate lending. She subsequently joined NCNB, retiring from Bank of America (legacy NCNB and NationsBank) after a 25+ year career. During her tenure with Bank of America, she held various positions within the Commercial Real Estate Banking Group, and was most recently the Mid South Regional Executive. The team she led was responsible for providing a full range of financial services to both privately and publicly held commercial real estate development companies in North Carolina, South Carolina, Georgia and Tennessee.
A long term resident of Charleston, she has been active in the business community and has served on numerous boards. She formerly served on the Board of Trustees of Porter-Gaud School and the Board of Directors of the Horizon Project Foundation, as well as a former member of the Wake Forest University Parents Council.
She currently serves as a member of the Investment and Nominating & Corporate Governance Committees.
Ms. Woodside majored in finance at USC Coastal Carolina and the University of South Carolina.
Mr. Burroughs is the owner of the Burroughs Brothers Properties real estate development/consultant company headquartered in Conway, South Carolina. He is a resident of Murrells Inlet, South Carolina and a member of My Father’s Church. He has served on numerous boards and committees throughout the years and is currently serving as a Trustee of the University of South Carolina.
Mr. Burroughs received a Bachelor of Arts from the University of the South in Sewanee, Tennessee.