RICHARD ALTER joined Manekin, LLC in 1971 and was named president in 1987. He oversees all corporate operations, with primary focus on development, the department he created in the 1970’s to complement the existing brokerage and management divisions.
During his tenure at Manekin, he spearheaded the company’s growth in Howard County, developing property valued at $500 million. Next came a joint venture with Copley Real Estate Advisors, expanding Manekin’s portfolio by 1,750,000 square feet of space, in addition to entitling over 1,350 acres of land, with 12 million square feet of capacity in various stages of entitlements and development in Frederick, Montgomery, Anne Arundel and Prince George’s counties. Overall, Mr. Alter has overseen the development of more than 10 million square feet of property throughout the Baltimore/Washington region, including the I-70 corridor and Northern Virginia. The portfolio - which includes suburban and urban, flex, industrial and retail facilities - is valued in excess of $750 million. Additional accomplishments include reengineering Manekin to be a provider of third-party real estate services and transitioning the company from a family-owned business. Interest from the Manekin founders and their heirs was acquired and redistributed to active working members of Manekin. AMB, a multi-billion dollar public REIT, became an outside partner, acquiring a 50 percent interest in the operating company and 20 percent of the development portfolio. At the end of 2002, the Manekin principals bought out AMB and today own 100 percent of the company.
Active in the community, Mr. Alter serves on the Johns Hopkins Heart Institute Initiative Advisory Council, M&T Bank’s Northeast Directors Advisory Council, and the Board of Directors for Hopkins Federal Savings Bank, Sinai Hospital, Shoresh, and Beth Tfiloh Congregation. Previously, he served on the Governor’s Commission on Growth in the Chesapeake Bay Region, Mayor’s Task Group, Baltimore City Housing Partnership and the Maryland School of Law Board of Visitors, as well as the Boards of Harbor Bank, Levindale Geriatric Hospital and the Maryland Heart Association.
Mr. Alter received a Bachelor of Arts degree in political science from Brown University, as well as a Juris Doctorate from the University of Maryland Law School.
COLE SCHNORF serves as Senior Vice President/Director of Development for Manekin, LLC. He has held this position since 1999, after previously managing development projects out the Columbia office. Mr. Schnorf has been with the company since 1986.
As head of development, he hires and assigns staff to specific projects, and oversees the department's budget and variance reports. Additionally, he oversees four project managers and continues to manage specific development projects himself. Mr. Schnorf is also a member of Manekin’s Investment and Management committees. During his tenure with Manekin, LLC, he has steered the company in its development of over 1.2 million square feet of speculative office/research and development space in Columbia Gateway; 1.1 million square feet of speculative warehouse space in Troy Hill Commerce Center in Elkridge, Md., and numerous office, R&D and retail build-to-suits throughout Baltimore/Washington Corridor.
Prior to joining the company, Mr. Schnorf served in the U.S. Army Corps of Engineers and Sonat, Inc. in the mergers and acquisition department.
Active in the industry and the community, he has co-chaired the United Way Howard County Campaign and serves or served as a Board member for the following organizations: United Way Community Partnership of Howard County (past President), Maryland Chapter, National Association of Industrial and Office Parks (past President), and ARC of Howard County (past President). He is also past president of the Superintendent’s Advisory Council on Business Education Partnerships, and a member of the Howard County Economic Indicators Committee. Additionally, he is a graduate of Leadership Howard County, as well as a Boy Scout leader.
Mr. Schnorf received an M.B.A. from Harvard Business School and a Bachelor of Civil Engineering degree from Georgia Institute of Technology.
OWEN ROUSE is responsible for the two key components of the firm’s activities: capital raising and investment sales. On the investment side, he focuses on representing clients in the purchase and sale of commercial real estate and the on capital side the identification of equity sources that align with the profile of the firm’s projects. Additionally, he sits on the firm’s Management and Investment Committees, playing an active role in the strategy and direction of the company.
Mr. Rouse’s 30-year career in commercial real estate has covered several disciplines including lending, acquisition, disposition, construction, appraisal, portfolio management, loan workouts and various consulting assignments.
A former president of the local chapter of the National Association of Office and Industrial Properties, Mr. Rouse served as 2010 President of CORFAC International, one of world’s largest commercial real estate services organizations.
Mr. Rouse holds a Bachelor’s Degree with a concentration in Urban Planning from McDaniel College (formerly Western Maryland College) and a Masters in Business Administration from the Sellinger School of Business at Loyola College in Maryland.