Our Team.
Stephen Holden graduated from the University of Kansas with a J.D. in 1975 and began his career with an emphasis on commercial real estate, specializing in long-term health care properties and affordable housing developments. Serving as Developer and Lender’s counsel, Holden has closed more than $2 billion in affordable housing projects in dozens of syndicated developments throughout the Midwest. With his extensive background in affordable housing, Holden saw an opportunity when the Low-Income Housing (LIH) Tax Credit market cratered in 2008. Rather than replicating the approach of larger institutions, Holden developed a syndication model to pair profitable community and state banks as investors in local and regional LIH Tax Credit developments. In addition, Holden has applied his proven syndication model to the renewable energy field, resulting in the completion of numerous successful wind and solar projects.
Steve Caton graduated from Purdue University in 2000, Steve Caton began his career in retail and industrial leasing, which quickly led to him diversifying into the selling of income producing assets and developer services. The financial crisis of 2008 led to Steve shifting his focus towards the disposal of REO assets for local, regional, and national banks as well as distressed dispositions for a variety of private owners. During this time Steve represented a wide variety of institutions such as Wells Fargo, Princeton National, and Inland Bank to name a few. Steve is a partner in a Commercial Real Estate Brokerage in the Chicago Market, and Steve has raised capital for syndicated investor groups in the retail sector and has recently partnered with Elk Development with the development of multi-family solo suites projects in LA and Nashville as co-GP. While partnering with a development company focused on delivering turn-key Build-to-Suit corporate 7-11’s, medical urgent cares, pain management centers, surgery centers and daycares across the United States, Steve has sourced and placed equity and debt for a variety of ground-up developments. Steve is a board member of the local economic development committees of Romeoville, IL, is involved with the Will County Center for Economic Development and is board member of the IL chapter of CCIM.
Natalie D. Riley has extensive experience with commercial real estate, business organization, and affordable housing development and financing. She graduated from the University of Missouri-Columbia with a J.D. in 2001. In 2003, Riley closed the first multi-asset mark-to-market transaction in Missouri consisting of 10 projects Corporate Counsel and has been the lead attorney in several individual and multi-project closings. Riley has represented numerous developers, project owners, investors, and financial institutions in affordable housing projects throughout the United States. She has worked with various local, state, and federal agencies including USDA Rural Development and the U.S. Department of Housing and Urban Development.
Ryan Holden graduated from the University of Missouri-Columbia with his bachelor's degree in Political Science in 2000. Upon graduation, Holden started working in the title insurance industry and founded American Title which expanded into the largest title company in Southeast Missouri. Upon selling the title company in 2008, Holden turned his attention to real estate development. Holden has been involved in both residential and commercial real estate for the past 20 years in various capacities including owner, developer and property manager. Holden formed Holden Communities, LLC in 2012 to focus on tax credit funded low-income housing developments and currently owns 7 projects (350 units) with one project (36 units) currently under new construction. Holden acquired his Missouri state real estate license in 2013 and his life and health insurance license in 2021. Holden enjoys playing golf, traveling and networking and spending time with his wife, Lindsay, and their three beautiful daughters.