MANAGEMENT TEAM

The management team at Cornerstone is a tenured and impressive one. Four members of the Cornerstone Team have more than 30 years of hands-on experience in the various dimensions of real estate ownership – feasibility and market studies, development and construction, leaseup and profit maximization, as well as turning troubled properties.

Corporate owners & operators:

Steve Terry, CPM®, CAPS®, RIM®, RPM®

is the Chairman of IDG with Larry Kocherhans, CPM® as President. Steve and Larry have worked together since 1989 on the development of more than 28 apartment communities developing in total over $400 million of resident and commercial real estate.

Coming at real estate development from the property management perspective, both Messrs. Terry and Kocherhans develop new properties only in profitable markets and build products that will be a welcome addition to the market stock. IDG builds properties that will last and that provide an attractive, secure and inspiring home for our residents.

Larry Kocherhans , CPM®, President, IDG

Larry Kocherhans has an extensive 35 year background in real estate development and management. Over the past several years, Larry has been the President of IDG and a key member and partner in Cornerstone Residential.

IDG has developed, built, and currently owns 27 multifamily apartment communities. Mr. Kocherhans is fluent in the Spanish language and graduated from Brigham Young University with a B.S. in Business Management.

Lyman Adams , HCCP®, President, Cornerstone Residential

Lyman Adams has 23 years of professional management expertise. Lyman Adams is a writer and expert instructor in the field of IRS section 42 compliance which is an essential component in Cornerstone’s LIHTC property compliance and audit program.

Lyman specializes in complex financing, insurance and risk reviews, and minimizing property taxes for a portfolio of about $800 million. Lyman has extensive schooling in high mathematics and computer science from the University of Utah.

John Saltzgiver, Chief Financial Officer,

As CFO, John and his staff are responsible for 1) the accurate tracking and reporting of portfolio operations, and 2) an accurate tracking of individual asset performance, including timely payment of expenses and comprehensive reporting to the corporation.

John is in charge of all partnership compliance and reporting. This necessitates precise knowledge of all the partnership agreements and stipulations in order to meet each partner’s demands. Mr. Saltzgiver presently manages 45 partnership entities for Cornerstone.

Sheri Martin, Chief Executive Officer,

Sheri Martin has served in the upper echelons of corporate property management for more than 23 years involved primarily in acquisitions, dispositions and management. Working as an executive for BRE, Alliance, and AMC, Sheri combines the best of all her property management experience to effectively manage all client relations for Cornerstone. Contacting every client monthly, Ms. Martin guarantees that our client services are always equal to our clients’ needs. The recipient of many industry awards, Sheri graduated with a BS degree from the University of Utah.

Scott Gautney, Executive Vice President,

Scott joined Cornerstone Residential in 2015 following his 19 years of multi-family experience. Along with his degree in International Business from the University of Utah, he has successfully gained knowledge from several management companies in multiple capacities. Scott currently oversees the day to day operations, driving our teams to reach their property’s full potential and maximizing revenue. Additionally, he works closely with investors and owners in helping them achieve their investment goals by analyzing new investments and conducting market analysis research on a consistent basis.

Lisa Lynes, COO-Cornerstone Nevada,

Lisa has over 28 years of experience in property and business management and is currently the COO for Cornerstone Residential overseeing all operations for Nevada. She also serves as a Board Member for the Nevada State Apartment Association. Her experience consists of stabilized properties, properties in distress, rehab properties, LIHTC and section 42 tax credit properties, project bases section 8, as well as lease-ups. Through hard work and dedication, she has been presented with many industry awards, including her most recent award as Regional Manager of the Year 2017 from the Nevada State Apartment Association.

Emily Terry, Executive Vice President, Sphere Payroll Services,

Emily started her work experience in Property Management with this company over 10 years ago. After a personal leave, returned to Cornerstone with 3 years’ experience in Payroll policies and procedures, and has been overseeing Sphere Services, LLC since the end of 2013. With her team, they keep our employees files in compliance with state and federal regulations for both payroll laws and health insurance. The payroll department is dedicated to this company and to our employees to make sure that payroll is done accurately and in accordance to company policies.

Tammy Godfrey, Chief Compliance Specialist,

Tammy is the Chief Compliance Director for Cornerstone Residential. She has over 16 years in the IRS Section 42 Low Income Housing Tax Credit business. Tammy’s responsibilities include the training of all management personnel in Section 42 compliance, maintaining an auditing system that insures total program compliance with Federal and State regulations, and assisting in the writing on a comprehensive Section 42 LIHTC manual. Tammy comes from a background of Senior Management in the property management business and comes to the compliance department with the management perspective of getting qualified applicants moved in as quickly as possible and thus creating an extremely quick turnaround policy. The combination of strong management background and expert LIHTC skills has created a most effective compliance team; Some of Tammy’s background includes having been closely involved in multiple acquisition rehab / conversion / resyndication projects, third-party management, and management of Section 42 LIHTC / Conventional / Section 8 communities.

BJ Caldwell, Regional Senior VP of Operations,

BJ joined Cornerstone Residential as a Regional Vice President in 2013. Her consistent and committed work ethic have contributed to her promotion to Senior Vice President in January 2018. As Senior VP, she oversees the entire Utah and Idaho regions which include Rural Development, Tax Credit, conventional and Section 8 properties. BJ has worked in the Property Management field for 17 years. She has spent most of her career in various roles such as Leasing, Financial and Collections Manager, Property Manager, and Regional Manager. BJ’s areas of expertise and include, Marketing, Collections, Leasing, and Coaching and Mentoring.

Ryan Kocherhans, Regional VP of Operations,

Ryan Kocherhans has over 10 year’s professional management experience. He started as a leasing agent with Cornerstone in 2007 and is happy to see and be a part of the company's growth over the years. He is an ARM (Accredited Residential Manager) and has expertise in many facets of property management. He has managed and overseen Section 42, HAP contracts, senior housing, conventional and luxury apartment communities. Currently, he is overseeing the St. George region where he resides with his wife and 2 children. Being an avid outdoorsman, in his spare time you will find him fishing, hiking, camping, or spending time with his family.

Josh VanNoy, Regional VP of Operations,

Joshua has 20 years of professional experience in property management. Even at a young age he worked on his family's apartment complexes gaining vast knowledge of running, maintaining, and managing any class of property. Joshua has worked in 5 different states across the nation both as Regional & District Manager. His passion is helping people. His commitment to owners, residents, employees and vendors is unmatched. Mr. Van Noy currently oversees the Northern Utah portfolio based in Logan.

Rick Bennett, Regional VP of Operations,

Rick joined Cornerstone Residential in November 2013 as a Community Manager and was promoted to Regional Vice President of Operations in 2016. With over 12 years of experience in property management, as well as a Business Management Degree, he has led Tax Credit, Section 8, and Conventional communities. As a Regional VP, he is responsible for all facets of residential properties, including preparation of annual budgets, financial cash flow forecasting, profit and loss statements, management and marketing plans. Rick is a proven, dedicated professional in the industry with skillful knowledge of apartment management operations.

Ann Cunningham, Regional VP of Operations,

Ann joined Cornerstone Residential in July 2018 with 25 years of experience in property management, specializing in apartment communities and commercial office properties. She has extensive background in distressed property turnaround, budgeting, marketing and increased profitability. Her experience includes marketing and oversight of apartment fee-management services along with leasing and management of commercial properties. Ann obtained a BA in History from the University of Utah in 1985. She has worked in the multifamily housing industry since 1985 including prior experience serving as a Certified Property Manager (CPM®) instructor and Board Member of the Salt Lake Multi-Housing Association.

Linda Olsen, Executive Secretary,

13 years working in the property management industry as an Executive Assistant 31 years of experience in customer service and management for Mountain Bell – US West – Qwest in telephone-related ordering, billing and service functions. Linda Kae graduated from Box Elder High School in Brigham City, Utah. She attended the University of Utah for two years and finished her Bachelor of Science Degree with a Secondary Teaching Certificate at Weber State University. She majored in English and minored in Business Administration.                                 

Reba, Internal Auditor,

Reba has been with the company for over 31 years through its many phases. She has enjoyed watching and being a part of the company's growth. During her time here she has gained experience in many facets of the industry including accounting, onsite management, payroll, and Section 42 LIHTC . She currently handles all internal auditing for our properties and its database systems. Reba's responsibilities include configuring profiles in our database for all new properties, auditing of current properties accounting and operations, and database support for onsite teams.