DEC is owned by its two principal managers - Michael T. Radcliffe, Chairman, and William S. Jump, President. Mr. Radcliffe began his career as a lawyer with the firm of Porter, Wright, Morris & Arthur in Columbus following his graduation from the University of Chicago and Harvard Law School. For many years Mr. Radcliffe served as Chairman of the Tax and Business Departments of this 260 lawyer firm specializing in real estate, tax planning and analysis, and the merger and acquisition of financial institutions. Mr. Radcliffe has thirty years of experience in all facets of the real estate business, including the acquisition, syndication, financing, refinancing and divestiture of multifamily properties. Mr. Jump previously served as a Vice President of the Cummins Engine Co. His experience includes extensive management responsibilities both domestically and internationally. Mr. Jump is responsible for the day-to-day operations of the company.
DEC is focused only on the ownership and management of real estate investments. The company has had success in the development of new properties as well as the acquisition of established properties.
DEC is a "technical" investor which emphasizes pre-acquisition due diligence, both of the target property and the sub-market. The Company's focus is upon acquiring properties which meet investors' return objectives within an overall deal structure which strongly controls risk. The company is risk averse and patient in its approach to acquisitions. The Company places particular emphasis on the quantitative analysis of the investment cycle and the capital structure of the acquisition entity. The company has historically maintained loan to value ratios as well as cash flow to debt service coverage ratios which are at the conservative end of industry standards.