AMCAL - Key Persons
Mr. Pratt manages and oversees all aspects of development in Los Angeles and the surrounding counties, as well as Northern California and Texas from the company's West Los Angeles office. His responsibilities encompass site acquisition, obtaining entitlements, feasibility analysis, project scheduling, securing public and private financing and overseeing construction and marketing.
Mr. Pratt has focused on the revitalization of urban communities for the past 20 years working in both the for-profit and nonprofit sectors. He has developed multifamily affordable, mixed-use, and transit-oriented housing, as well as single family homes. Mr. Pratt holds a Juris Doctorate and a Master of Real Estate Development degree from the University of Southern California and BA in Economics from the University of Michigan.
Mr. Nagarkatti oversees the company's acquisition, finance/development, construction, and asset management departments and has headed up the firm's expansion in the California, Texas and Washington affordable housing markets. Mr. Nagarkatti's expertise in public financing for low-income housing is unmatched, gained through decades of experience in structuring market-rate and affordable housing financing for both residential only and mixed-use communities. He has managed the funding of nearly 100 market-rate, workforce, affordable and student housing developments since 1988. Mr. Nagarkatti holds a Master's degree in Architecture from the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts.
Mr. Hubbard has more than 25 years in real estate finance and investment including: acquisition and development, project feasibility, financial reporting, budgeting, construction accounting, asset management and investor reporting. His extensive experience includes project financing, market analysis, project valuation, accounting and tax planning, and evaluating internal controls and property operations. Mr. Hubbard worked previously for Ernst & Young Kenneth Leventhal Real Estate Group and Casden Properties where he was instrumental in the financing and development of more than $1 billion of multifamily projects in Southern California. He is a licensed Certified Public Accountant in California. He graduated magna cum laude from California State University, Northridge and earned an MBA in Corporate Finance from the University of Southern California.
Mr. Hansen manages the due diligence, entitlement and design oversight of all AMCAL projects in California and Texas. He collaborates regularly with planning department staffs, and his developments are on the front line to increase housing at infill and transit-oriented locations and in redevelopment areas to accommodate the anticipated large growth in both states in future decades. Prior to joining AMCAL, he had two decades of experience with Southern California regional market-rate home builders.
Job Titles:
- Vice President, Acquisitions
Frank B. Chang joined AMCAL in 2008 and is responsible for implementing the company's acquisition strategies, including sourcing, underwriting, negotiating and managing acquisition opportunities. Prior to rejoining AMCAL, Mr. Chang was Director of Land Acquisitions for SummerHill Apartment Communities. He has extensive experience in affordable housing development as Project Manager for Enhanced Affordable Development Co. and in affordable housing finance as an analyst for an investment advisory firm specializing in bond financing for municipalities and affordable housing developers. Mr. Chang earned his BS degree in Finance from the University of Southern California Marshall School of Business.
Mr. Huerta brings 15 years of multi-family construction management expertise to AMCAL, responsible for over 2,000 units throughout his career. Joining AMCAL in 2005, he has supervised construction of more than $200 million in projects. He has managed many complex projects involving high-density buildings with shoring, methane mitigation systems, caissons, low water tables, and tight infill sites with limited access. He has demonstrated acumen in conflict resolution and identifying and solving design issues. He is well seasoned in affordable market rate and student housing construction, including managing prevailing wage and LEED rated projects. Mr. Huerta attended California State University, Northridge where he received a BA in Real Estate and Finance.
Job Titles:
- Director of Communications
Mr. McCloud joined AMCAL in April 2017 and oversees the company's 10,000+ unit multi-family portfolio which includes affordable, market-rate and student housing assets across California, Texas and Washington. He has taken a leadership role in optimizing the value of the portfolio through the refinance, sale and repositioning of select assets in addition to supporting key strategic functions including market research, project feasibility, operations and risk mitigation.
A graduate of the W.P. Carey School of Business at Arizona State University, Mr. McCloud brings more than 15 years of expertise in real estate development and business management both nationally and internationally.
Percival "Percy" Vaz founded AMCAL in 1978 and has led the AMCAL Group of Companies' dramatic growth for more than 45 years. AMCAL and its affiliated companies is a fully integrated real estate development firm with a stellar track record of delivering high-quality market rate, student, affordable, and workforce/middle-income housing across California, Texas, and Washington.
Mr. Vaz has provided leadership on the development, construction, property management and real estate investment of more than 7,000 multi-family apartment homes that consistently exceed industry benchmarks in design, construction, sustainability, property management and social service delivery.
Percy is widely known as a premier real estate developer, and has received many national, regional and local awards for his work. In 2022, Percy was inducted into the Affordable Housing Finance Magazine's Hall of Fame and in 2018, Mr. Vaz was awarded the highly prestigious recognition of "Executive of the Year" by Multifamily Executive Magazine, a leading U.S. real estate development publication. Percy was also inducted into the California Housing Consortium's Affordable Housing Hall of Fame in 2012 for his contributions to the industry.
Job Titles:
- VP of Market Rate & Student Housing
Mr. Clarke joined AMCAL in September, 2011, after 18 years in multifamily development. He is responsible for the production of nearly $1 billion in market rate and student housing in 11 California communities. He formerly was CFO at Los Angeles Housing Partnership and prior to that was Director of Development at Cedar Signature Homes. He graduated cum laude from Catholic University of America and then earned an MBA from the Simon Business School at University of Rochester, Beta Gamma Sigma.
Mr. Watchorn joined AMTEX in 2019 and is responsible for overseeing all preconstruction and construction operations in Texas. Tom works with the company's development teams from project inception to construction handoff, offering design and constructability input, as well as providing all preconstruction pricing. He also oversees the Construction Management teams that execute the construction of the projects from start to finish. Mr. Watchorn has more than 25 years of multifamily construction experience and has managed the construction of nearly 5000 units in 5 different states throughout his career, including over 2000 units completed or under construction with AMTEX.