Joseph L. Sherman
Joseph L. Sherman is the President and co-founder of The Reliant Group. He is the co-owner and founder of Reliant Group Management and Reliant Property Management. Mr. Sherman directs capital formation and acquisitions, employing a hands-on approach with each investment to ensure successful execution. He specializes in acquiring real estate assets with complicated, multifaceted issues, including remediation, repositioning, renovation and new construction.
Mr. Sherman began his career as a real estate attorney in Washington, D.C., representing affordable and market rate multifamily housing developers nationwide. Mr. Sherman’s primary practice area was affordable housing, particularly in conjunction with HUD Section 8 rental assistance and FHA financing. He also developed an expertise in alternative energy and energy efficiency, representing utilities and entrepreneurs, as well as writing several publications on solar energy, alternative energy and energy conservation for the US Department of Energy.
In 1985 Mr. Sherman joined Oxford Development Company, the country’s second largest developer of multifamily housing, to develop bond financed mixed income properties. During Mr. Sherman’s tenure, Oxford was the single largest developer user of tax-exempt financing for affordable multifamily properties in the United States. While at Oxford, Mr. Sherman honed his skills in underwriting, finance and placement of tax-exempt bonds, backed by multifamily assets.
Mr. Sherman founded The Reliant Group in 1992, to serve as a general partner in a partnership with The Resolution Trust Corporation, as part of a national effort to resolve the nation’s savings and loan crisis. Over the next five years, The Reliant Group acquired over $750 MM of sub performing and non-performing loans with the RTC, earning national recognition as one of the best performing partners in RTC’s joint venture programs. An additional $550 MM of distressed assets were acquired from private sellers. In 2001, Mr. Sherman shifted The Reliant Group’s focus to the acquisition and development of bond financed affordable housing, launching the CAP series of investment funds. Since 2001, the CAP series of discretionary funds have invested over $500 MM of equity in over $2 billion of multifamily assets, including senior housing, student housing, market rate housing and affordable housing. Over 22,000 units of housing have been acquired and/or developed by Reliant Group Management, including over 50 LIHTC communities in a dozen states.
Mr. Sherman served as Chairman of the Real Estate Capital Recovery Association and as Executive Director and President of Equality Community Housing, a non-profit owner of affordable housing. He currently serves as President of Rainbow Housing Assistance Corporation, a non-profit owner of low and moderate-income housing, which he founded in 2002. Rainbow Housing currently serves over 100 low income communities nationwide, meeting the needs of a diverse low income tenant population with a variety of programs that stimulate neighborhood revitalization and help residents achieve self sufficiency. Mr. Sherman is also president of the board of Texas Council Foundation for Social Resources, a non profit owner of over 20 LIHTC communities. He was a founder and trustee of The Bay School, a science and technology high school, located in San Francisco, serving for over 10 years. He is currently on the board of trustees of San Francisco Jazz, the first free standing jazz concert venue in the US. He has been a guest lecturer on housing issues at Harvard and UC Berkeley.
Mr. Sherman earned his BA from Bowdoin College magna cum laude and his JD from Georgetown University Law Center. He resides in San Francisco.
Caskie Collet joined The Reliant Group in 2005 and is the co-owner and co-founder of Reliant Group Management. Mr. Collet currently serves as Chief Operating Officer and is responsible for the day-to-day management of both companies, focusing on new acquisitions and operational performance of the existing portfolio of over 14,000 apartment units nationwide. Mr. Collet specializes in developing financial structures and implementing operational strategies to enhance financial returns for CAP fund investors. Mr. Collet directs all disposition and financing transactions for the CAP Funds and tax credit portfolios, in addition to providing oversight of fund management and investor reporting.
Mr. Collet began his professional career as an asset manager focused on the workout and disposition of a $1.2 billion portfolio of Resolution Trust Corporation sub-performing and non-performing real estate loans secured by multifamily, retail, and hospitality assets across the country.
After earning his MBA at The Wharton School in 1999, Mr. Collet served in several finance and business development positions focused on real estate acquisition, corporate finance, distressed asset management and financial restructuring.
Mr. Collet serves on the board of directors of Equality Community Housing Corporation and Texas Council of Foundation for Social Resources, non-profit organizations focused on the ownership of community based affordable housing. He is also an advisor to the board of directors of several other affordable housing non-profit organizations, including Rainbow Housing Assistance Corporation, a nationally recognized organization pursuing the development and preservation of service enriched housing for low income residents across the U.S.
Mr. Collet earned his BS in business from the University of Southern California and an MBA in Entrepreneurial Finance from the University of Pennsylvania’s Wharton School of Business. He resides in the San Francisco bay area with his wife and three children.
Christopher Flynn joined The Reliant Group in 2008. He serves as President of Reliant Property Management, which operates in the western US, managing a portfolio of over 4,000 units of market rate and affordable housing. He has implemented numerous advanced technology-driven solutions into the asset management process which maximize rents, manage utility expenses, evaluate marketing efficacy and provide real time operational data to senior management. In addition to his asset management responsibilities, Mr. Flynn serves on the CAP fund investment committee.
Mr. Flynn has in-depth asset management experience having managed over 90 multifamily properties and nearly 20,000 units across the United States throughout his career. Prior to Reliant Group Management, he worked for a commercial real estate developer in the North Bay and a large institutional apartment owner in Los Angeles.
Mr. Flynn earned his BS in Business and Economics from Arizona State University in Tempe, AZ. He resides in Napa, CA with his wife and two children.
Our Approach To Excellence
We build creative solutions that combine sophisticated financial and real estate analytical capabilities. Our unmatched expertise in these fields allows us to identify value where others can’t, and deliver the best value to the seller.
Reliant’s diverse staff has specialized skills in low-income housing tax credits, bonds, finance, law, real estate, construction, management, and social-services. Our national presence and hands-on approach allow us to quickly understand and evaluate complex issues, avoiding impediments to reaching best value and assuring certainty of close.