Management
McCary Stevens underwriters each have between 10 and 30 years experience in commercial real estate underwriting, due diligence and analysis. They have actively worked in all the major, secondary and most of the tertiary markets in the United States and have analyzed all of the property types including apartments, retail, office, industrial, hotel, congregate care, self storage and other specialty property types.
David W. McCary, CRI
Mr. McCary is Co-founder and Principal of McCary Stevens. He has over 20 years of commercial real estate experience. His current responsibilities include overall operation of the company including strategic planning, human resources development, banking, legal and accounting relations, new business development, and investor relations. Prior to MSA, Mr. McCary spent 11 years as a loan officer in the corporate lending and commercial real estate industries. Six of those years he worked in the commercial real estate department at Aetna Life and Casualty in Hartford, Connecticut, and, prior to that, for five years he worked as a corporate lending officer with Manufacturers Hanover Trust Company in New York City. While at Aetna Realty, Mr. McCary was Assistant Portfolio Manager of Aetna’s CERESA I and II closed end pension client accounts. He was also an Investment Officer originating and underwriting over $300 million in commercial mortgage loans from across the country. Mr. McCary is a member of the Commercial Mortgage Securities Association (CMSA) having served on its Executive and Nominating Committees, the Hartford CFA Society and the Chartered Realty Investors Society (CRI). A Middlebury College graduate (1980) with a BA in Economics, he earned his MBA in Finance from Dartmouth's Amos Tuck School of Business (1987), graduating with the Arnold F. Adams Award in Entrepreneurship.
John M. Stevens, CRI
Mr. Stevens is a Co-founder and Principal of McCary Stevens. He has over 30 years of commercial real estate experience. Prior to MSA, he spent 15 years in Aetna's commercial mortgage real estate area underwriting and investing in commercial mortgage loans. He was Region Head for the West Coast Region (including California, the Pacific Northwest and Mountain States) and later was responsible for loan production in the Mid-Atlantic Region. Mr. Stevens was also a voting member on Aetna's commercial mortgage investment committee. During market downturns, he restructured maturing loans, negotiated early loan prepayments, appraised real estate collateral securing mortgages, identified event risks in mortgage portfolios and developed strategies to mitigate loan losses. Prior to joining Aetna, Mr. Stevens was a commercial real estate analyst at State Mutual Life in Worcester, MA, where he underwrote mortgages, acquired real estate equity properties, and managed owned properties in the Midwest, Mid-Atlantic and Southeast. Prior to that, Mr. Stevens worked for MassMutual Economic Realty Research, Inc. as a Real Estate Analyst. He is a Board Member of the Urban Suburban Affordables (a Hartford Area Non-Profit housing organization). A Pittsburg State University (1970) graduate with a BA in Economics, he earned his Masters Degree in Urban Economics at the University of Missouri (1971).