We are Madera Residential.

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Madera Residential is a Lubbock, Texas-based property investment company with offices in Dallas and Houston that specializes in investing in and transforming apartment communities across Texas and beyond.


Madera Residential Multifamily Property Management at a Glance

At Madera Residential, we’ve built a culture around doing the right thing and creating value for the people involved in our investments. Our unique, holistic approach to multifamily property investment empowers us to make measurable impacts on our communities and for our investment partners.


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Our Multifamily Real Estate Investment Story

Together, we can weather any storm.

Our Multifamily Real Estate Investment Story

Together, we can weather any storm.

Madera Residential began in 2008 when we purchased our first multifamily investment property, The Lakes at Madera in Baytown, Texas. We received more than just our name from this apartment community— we learned what we’re made of. Within months of the acquisition, tragedy struck twice, first with the landing of Hurricane Ike in September and again in October with the arrival of the financial crisis.

Our first property investment seemed destined for failure. But rather than going up in flames, we were forged by them. Our partners came together, buckled down, and allowed these events to shape our investment strategy and who we are today. Driven by our relationships with our residents and investors, we leaned into our core values, put people first, and came out on the other side more determined than ever before.

In 2010, we acquired our second multifamily property with the help of the same investors that first believed in us. Today, we’ve acquired more than 100 apartment complexes and 30,000 residential rental units across Dallas, Fort Worth, and Houston, TX. Through our dedication to people, we’ve grown Madera Residential from a single apartment complex to a thriving apartment investment and management company with a total value of over $2 billion — and we’re just getting started.

Our Approach to Multifamily Investment

We take a people-first approach to multifamily investment.

Our multifamily property investment strategy is designed to build maximum value for each person involved in our properties, from our apartment residents to our property investors. Though our people-first approach requires more time, attention, and personal investment than a traditional fix-and-flip strategy, the effects it has on both the property’s resale value and the lives of those in our communities are more than worth it.


Be Selective

The first step in our people-first approach is to identify multifamily investment opportunities where we can create the most value and ROI for apartment investors, management teams, and apartment residents. We examine more than 250 properties per year but only choose to pursue 5% on average. This allows us to give each apartment investment the attention it needs to thrive.


Focus on Residents

We choose to build value from the bottom up by following and investment strategy that focuses on residents’ needs first. We have found that by leveraging aesthetic renovations, cutting-edge technology integrations, and cultural development initiatives, we’re able to create substantial value for our investors, management teams, and residents simultaneously.


Embrace Innovation

From the beginning, we knew that creating value for our properties would mean integrating emerging technologies at every turn. That’s why we started Quext, our technology subsidiary. Through Quext, we develop cutting-edge apartment technology that streamlines operational efficiencies, improves resident experience, and boosts property value for our investors.

Our Mission

We are driven to invest differently.

We developed our investment strategy by leaning into our core values of Christ, community, and constant improvement. For us, taking a people-first approach is more than a simple spin on investment style — it’s at the core of who we are. Put simply, we believe in doing the right thing, and that means caring about people.

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Constant Improvement

Our People

Meet our team.

Our executive team had a vision for Madera Residential — to create a company that treats apartment investing differently. By embracing that vision, we target opportunities that matter, that enable us to build substantial value, and that make an honest difference in the community. Thanks to the experience, expertise, and guidance of our leadership, we continue to see just how effective that approach to property investing can be.

Our Partners

Alton Smith


Alton Smith


Alton brings an extensive track record of financial management expertise to the Madera Residential team. For 25 years, he served in the corporate headquarters of Furr’s Cafeterias in a variety of roles, including Tax Director, Controller, Treasurer, Vice President of Finance, Executive Vice President, and Chief Financial Officer of publicly traded (NYSE) Furr’s/Bishop’s Inc. Later, Alton became Associate Chief Financial Officer of the Texas Tech University System, where he was responsible for the offices of Investments, Debt, Risk Management, and Accounting & Finance for the Texas Tech Foundation. As an active managing partner of Madera Residential, Alton leads the corporate financial practice, where he guides all financial initiatives and focuses on completing profitable multifamily real estate investing transactions. He also works with Madera’s investor community to facilitate equity raise and distribution of returns.

Charles Young


Charles Young


Charles brings nearly 30 years of multifamily investing experience to the Madera Residential team. In 1996, he joined Hurt & Stell to oversee property management and support a portfolio of 860 units. By 1998, he was overseeing the growth of a fee management portfolio that spread across Texas, Arizona, Florida, and Indiana. Under his leadership, this partnership grew its portfolio with the purchase of small- to medium-size multifamily investment projects, and Charles grew into a budding entrepreneur. In 2008, Charles added his expertise to Dave Marcinkowski and Gary Hall's knowledge of investment strategies to begin purchasing assets under their new partnership, Madera Residential. Today, Charles is an active managing partner of the Madera leadership team. He currently lends his leadership expertise to multifamily property acquisitions, debt strategy, equity, and asset management.

David Marcinkowski


David Marcinkowski


Dave champions the Madera Residential values of Christ, community, and constant improvement. As the managing partner responsible for the day-to-day operations of the business, Dave acts as the chief visioneer for an organization bent on tech innovation, progressive thinking, and transforming the resident experience. After completing his education at Albion College and the Keller Graduate School, concentrating in economics, accounting, and project management, Dave began his multifamily real estate investing career in 1992 with Edward Rose & Sons. Today, he is a pillar in multifamily investing industry circles. Dave has served in leadership roles for the National Apartment Association and as the past-President of the Texas Apartment Association. Under Dave’s visionary leadership, Madera Residential has grown to become a leading innovator in the multifamily investment space.

Gary Hall


Gary Hall


Gary received his Bachelor of Science in Construction from Texas A&M University and holds an MBA in Finance from Texas Tech University. During the early years of his multifamily real estate investing career, Gary served as an acquisition officer, helping manage every aspect of the apartment property investment process, including underwriting deals, contract negotiation, due diligence, financial analysis, and construction of multifamily real estate properties. Since then, he has coordinated the renovation of over 80 multifamily assets exceeding $160M. Today, Gary maintains a constant focus on developing cost-effective and creative solutions to maximize value for the Madera Residential team and its investments. As an active partner, he provides leadership for all phases of construction and repositioning activities of Madera’s multifamily property investments, including rebranding strategies and design, scope development, contract negotiation, project management, and much more.

Our Executive Team

Dave Gilles


Mike Nelson


Andrew Cox


Chris St.Clair


John McNelly


Jay Parsons

Head of Investment Strategy and Research

Jay Parsons

Head of Investment Strategy and Research

Jay Parsons is a rental housing economist, advisor and speaker. He serves as Head of Investment Strategy and Research at Madera Residential. Prior to joining Madera, Jay was the Chief Economist at RealPage, a rental housing software and analytics provider. He was also a partner in WayMaker, a Texas-based multifamily investor now part of Madera. He continues to serve as an advisor and speaker to institutional investors, publicly traded REITs, lenders, nonprofits and government agencies. Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, The New York Times, NBC News, Politico and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron’s, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, and American Banker, among others. His social media posts attract an average of half-million impressions per week. GlobeSt, a leading trade publication, named Jay one of its “2023 Influencers in Multifamily Real Estate.” Jay also serves on the Board of Advisors for Apartment Life, a faith-based non-profit serving apartment residents and operators. Jay is a graduate of the University of Maryland. He resides in the Dallas area with his wife and their five children.

Drew Anderson

EVP Investor Relations

Clark Lammert

VP Investor Relations

Billy Humphries

VP Investor Relations

Matt Peters

VP Investor Relations

Kelsey Davis

VP Investments

Jacob Lopez

SVP Sales and Marketing

Josh Vandenburg

VP Construction

Andrew Wallace

VP Financial Planning and Analysis

AJ Martinez

VP Finance

Brigitte Yeager

VP Legal Affairs

​Rodney Cates

VP Human Resources

Katy Myrick

VP Operations Houston

Cayce Coon

VP Operations Dallas/Fort Worth

Multifamily Real Estate Testimonials

Testimonials from our investors.

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James Pipkin


They are dedicated to meeting their goals, and they have proven that to me every time. Investing with Madera has been very profitable for my investment group. They make a plan and stick to it.

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Brady Collier


Madera Residential is different because they have taken a relational approach to investing over a really long period of time. One aspect of this approach is in their acquisitions. Charlie has developed amazing relationships with brokers around the state, so when they find a deal, Charlie is their first call. They trust him because if he puts in under contract, he is going to close it, and then after he re-positions the apartment, he list it with the same broker for sale. So all the brokers are clamoring to do deals with Madera, which gives them the first look at the great deals in the major markets of Texas. This is just one aspect of their relational approach…after almost 15 years of investing with them, I could say the same thing about their investor relationships, management, and operations. They are a people-first company.

Ready to invest in something that matters?

Get in touch with the Madera Residential team today.

Contact Us


5214 68th Street
Lubbock, TX 79424