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.
From left to right: L. Howard Brooks, Jr., Edward Lawton Benton, James W. Apple, Jr., J. Chandler Martin, Deborah A. Burroughs, Harrison L. Richardson III, Linda F. Woodside, G. E. Buck Waters, Francis B. “Jensie” Teague, J. Egerton Burroughs, Elizabeth Roemer Jack and Mark J. Rosen
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 34 years, have four children, and two grandchildren.
He currently serves on all 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, The Coastal Educational Foundation, and the Coastal Carolina University Wall College of Business Board of Visitors. Mr. Benton has been a Director of the Company since 2012.
He currently serves as a member of the Investment and Personnel & Compensation Committees.
Mr. Benton received a Bachelor of Science in Business Administration from Clemson University.
Medalist Capital, Inc.
Mr. Brooks is a Principal at Medalist Capital, Inc. in Raleigh, North Carolina. Medalist Capital is a privately owned Commercial Real Estate Investment and Finance Company. Mr. Brooks has originated in excess of $3 billion in first mortgage debt for commercial real estate projects since beginning his career in 1998. He is active with numerous commercial real estate professional affiliates, both locally and nationally. Mr. Brooks has been a Director of the Company since 2004.
He currently serves as Chair of the Investment Committee, as well as a member of the Audit Committee.
Mr. Brooks received a Bachelor of Arts from the University of North Carolina at Chapel Hill. He is a Member of the Vestry at Christ Episcopal Church in Raleigh and has three children.
The Citizens Bank
Vice President & City Executive
Ms. Burroughs is a lifelong resident of Horry County and has over 25 years of banking experience. She is currently a Vice President and City Executive with The Citizens Bank in the Pawleys Island/Georgetown market. Ms. Burroughs is a National Association of Corporate Directors Fellow and a licensed SC Real Estate Broker. She serves on the Board of Directors and is a past President of Burroughs Company in addition to serving on the Board of Directors for Chapin Company. Ms. Burroughs is a member of the Chicora Rotary Club. She also serves as a member of the Coastal Carolina University Spadoni College of Education Board of Visitors and as a board member of The Boys and Girls Club of the Grand Strand. Her community involvement includes the Myrtle Beach Chamber of Commerce, Leadership Grand Strand, United Way, and service on the boards of Franklin G. Burroughs – Simeon B. Chapin Art Museum, Kids Voting, and South Carolina Bankers School Advisory Board.
She currently serves as Chair of the Nominating & Corporate Governance Committee, member of the Audit Committee, the Family Fund Committee, and as the board liaison for the Shareholder Advisory Committee.
Ms. Burroughs is a graduate of USC Coastal Carolina with a Bachelor of Science in Business Administration (emphasis in Management and Real Estate), and a Bachelor of Arts in Psychology. She also earned a Master in 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.
Wells Fargo Corporation
Ms. Jack is a resident of Charlotte, North Carolina and Vice President in the Wealth, Brokerage and Retirement business unit of Wells Fargo Corporation. In this capacity, she works in an internal strategy group that leads projects focused on exploring new business opportunities, increasing revenues and optimizing costs.
Prior to joining Wells Fargo, Ms. Jack was 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. Her prior work experience also includes roles in the internal strategy groups of both Home Depot and Bank of America.
She currently serves on the Audit Committee.
Ms. Jack received a Bachelor of Arts from Harvard University and a Master of Business Administration from Harvard Business School.
Bank of America
Mr. Martin retired in 2008 as Treasurer at Bank of America where he was responsible for funding, liquidity and interest rate risk management. Previously, he was the Enterprise Market and Operational Risk Executive for Global Corporate and Investment Banking. Mr. Martin returned to Bank of America for nine months beginning in October of 2008 to assist the organization in the integration process for enterprise risk management following the company’s acquisition of Merrill Lynch. Most recently, Mr. Martin serves as Chair of the Board of Directors and Lead Independent Director of CommunityOne Bancorporation, a North Carolina community bank. He is a member of the Board of Directors of CNL Healthcare Properties, Inc., an Orlando, Florida based real estate investment trust, and also serves as the Chair of the Audit Committee. Mr. Martin also serves as an Advisory Board Member of Corrum Capital Management, an alternative asset management firm.
He currently serves as a member of the Personnel & Compensation and the Investment Committees.
Mr. Martin received a Bachelor of Arts in Economics from Emory University and a Master of Business Administration from Samford University.
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 Audit and B&C 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 Nominating & Corporate Governance 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 and Founding Partner for Selwyn Property Group, Inc. 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, CCIM, and Urban Land Institute. He has served as Director of the Company since 2008.
He currently serves on the Nominating & Corporate Governance and Investment Committees.
Mr. Teague received a Bachelor of Arts in Economics, cum laude from Washington & Lee University and a Master of Business Administration from the University of North Carolina at Chapel Hill. 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 currently serves on the Board of Trustees of Porter-Gaud School and the Board of Directors of the Horizon Project Foundation, as well as serving as a member of the Wake Forest University Parents Council.
She currently serves on the Nominating & Corporate Governance and Personnel & Compensation 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.