Meet Our Team
With over 80 years of combined experience, our executive team is highly qualified in finding, developing, and completing lucrative real estate opportunities.
Matt Smock, Principal owner.Mr. Smock is an experienced and successful fund manager, real estate developer, banker, and short-term lender, who has participated in the finance and development of over $2.0 billion in projects in the western US and Europe. Mr. Smock has worked for RBH-NCP, Zenith Swiss Partners, Nation West Capital, National City Bank, CFC, Franklin Bank, Mount Royal Partners and National Bank of Canada
Mr. Smock has held multiple positions as Managing Director, Regional Manager, and RVP. He has also raised multiple short-term loan funds from 2002-2007, an opportunity & value-add fund from 2007-2015 to pursue broken projects, NPL’s & REO’s, along with large non-performing portfolios in the Western US MSA’s, while managing multiple value-add projects for two family offices in Europe.
Mr. Smock has been involved with the acquisition and development of Traverse Mountain; one of the largest Master Planned Communities in Utah. He acquired the master-note in 2010 through a participation agreement with Far West Bank (AWB). Mr. Smock took possession of the development with his partners, raised the capital through family offices and HNW investors, while redesigning and re-platting the residential communities, commercial & retail site plan, along with redesigning the multifamily sites. He also improved and re-engineered the site, provided the LIDAR mapping, architectural and issued an approved site plan to Lehi City for 1.5M SF of class A office and 300,000SF of Retail on the 120Acre commercial parcel, while securing multiple retail leases. In addition, he secured & leased 216,000SF of class A office building to the first national credit tenant Xactware-Verisk Analytics, while preparing for additional leasing opportunities with additional tech firms for building two. It is anticipated that the total build-out value of the project is estimated at $1.2Billion.
Among other recent notable projects, Mr. Smock recently worked in Switzerland and France for two family office and a group of “UHNW club investors” to acquire, renovate and stabilize class A office, multifamily and student housing real estate projects totaling approximately 134M CHF. Mr. Smock oversaw the financing, underwriting, renovations, lease-up and stabilization of the portfolio. In addition, he has also funded other commercial development projects and master planned communities such as Hideout Canyon near park city, the Ledges phase 1&2 in Saint George, and a $117M distressed 6,220 unit multifamily portfolio in Texas. In 2010-2013 Mr. Smock acquired, renovated and sold over 140 residential REO’s in Nevada, Arizona, Utah and Indiana totaling $26Million.
In addition to these projects, Mr. Smock has developed & funded multiple residential and commercial office developments while providing short-term and long-term bank financing with Nation West Capital for multiple development projects in Arizona, Idaho, Nevada and Utah, with total funding over $260M. Mr. Smock has been involved with Real Estate Investment Securities Association (now ADISA), ICSCRECON, Urban Land Institute (ULI), Real Estate Investment Association (REIA), HBA (AZ, UT, NV, ID), Economic Development Association (EDA), National Bankers Association (NB), MLA, and has a AA & BA from BYU and UVU. Mr. Smock is also a certified underwriter and has participated in multiple development counsels, boards and loan committees.
Charles Akerlow, Principal ownerMr. Akerlow is an experienced and successful real estate developer and has been responsible for the ownership, operations, management and the development and leasing of more than 1.5 million square feet of office, industrial and commercial space, in excess of 1,400 hotel rooms, and over 350 condominium units. He has owned, managed, and developed numerous residential land development projects.
Mr. Akerlow is an experienced and successful real estate developer and has been responsible for the ownership, operations, management and the development and leasing of more than 1.5 million square feet of office, industrial and commercial space, in excess of 1,400 hotel rooms, and over 350 condominium units. He has owned, managed and developed numerous residential land development projects including the Centennial-SunCrest project which is a 4,500 acre Master Planned Community located in Draper, Utah; industrial parks; mixed use projects; and free-standing commercial buildings and hotels. The current market value of all of Mr. Akerlow’s commercial and residential projects is estimated at $1.8 Billion.
Mr. Akerlow and his colleagues were responsible for the first Redevelopment Agency project in Salt Lake City known as American Plaza. It consists of three 70,000 s.f. office buildings, a 500-room Hilton Hotel and 360 high rise condominiums all sitting on top of two levels of underground parking. As the former director of the Salt Lake Model Cities Program, he was partially responsible for the funding and organization of the Salt Lake Redevelopment Agency, the Salt Lake Housing Authority and the Salt Lake Relocation Agency.
He has also focused on the development of in-fill urban residential projects. Two of the company’s major projects are redevelopment projects: Woods Cross Town Center, Woods Cross, Utah and Union Square, Ogden, Utah, both containing residential condominiums and commercial/retail space. Mr. Akerlow is the developer of the first Traditional Neighborhood Development in Utah, a 174-home project known as Farmington Greens. He also planned and entitled a transit-oriented development (TOD) in Sandy, Utah at the site of the TRAX light rail station and planned, entitled and partially developed the Brickyard in Salt Lake City, a 55-acre commercial, retail, office and condominium project. Mr. Akerlow is now a principal in Zenith Realty Partners LLC which is acquiring office buildings in the western United States for a portfolio of investors.
Mr. Akerlow has been active in business, political and civic affairs in Utah and nationally for more than 50 years. He has chaired the small business and military affairs committee of the Salt Lake Area Chamber of Commerce; served on the Board of Directors of the Utah Symphony; been a delegate to the White House Conference on Small Business in 1980; served as chairman of the Utah Republican Party from 1981 through 1985 and also served on the Republican National Committee for the same period; was an elected delegate to the 1984 and 1988 Republican National Conventions; was a staff member of the 1964 and 1972 Republican National Conventions in San Francisco and Miami respectively; did part-time advance work for Presidents Richard Nixon, Gerald Ford and Ronald Reagan; served as vice chairman of the Utah State Board of Corrections and numerous other boards and commissions.
Mr. Akerlow is a decorated U.S. Army Vietnam veteran and a recipient of the Bronze Star. He earned a Bachelor of Science Degree and a Master of Science Degree in political science from the University of Utah where he also studied law. He is a Full Member of the Urban Land Institute (ULI) and was Chairman of the ULI Utah District Council.
Lenders which have loaned construction financing to Mr. Akerlow’s projects include American Savings of California, Bankers Trust in New York, First National Bank of Boston, First Security State Bank in Utah. First Interstate Bank in Denver and American Savings and Loan Association in Salt Lake City, Utah
Mr. McQuarrie is a seasoned veteran of the real estate development industry in the Intermountain West with over 30 years in commercial, residential, multifamily, and land development. He has planned, built and sold over 3,500 residential lots, 250 condominium units, 200,000SF of government preleased buildings, 300,000SF of commercial space, and is the current majority owner of Canyon Park Technology Center in Orem, Utah. Mr. McQuarrie is currently involved developing a Home2Suites hotel, a Courtyard Marriott hotel, and the Jive Telecommunications Headquarters. Mr. McQuarrie is a member of the Sandy, Provo, and Orem Chambers of Commerce. Mr. McQuarrie earned his BS degree in finance from Brigham Young University.
Mr. Sapers is Zenith Development’s project coordinator. He received his BS degree in finance and marketing from Northeastern University in Boston and completed a corporate strategy program at the London School of Economics. Before getting involved in real estate development, Mr. Sapers worked in private equity where he led sourcing and evaluation of investments with $10-$100m in revenue and $3+ million in EBITDA. He also has experience working in the technology sector as a sales and marketing associate for SaaS and data storage companies. When not in the office, Mr. Sapers can be found deep in the Wasatch backcountry climbing a mountain or enjoying the famous Utah champagne powder.
Director of Capital Markers
Raymond Lowe has been a successful investment advisor and real estate developer for the last forty years. Mr. Lowe began his career in the financial world after finishing graduate school at Purdue University in 1968. After receiving advanced training and brokerage licenses in New York City, he began his career as a financial advisor in the San Francisco Bay area with Goodbody & Company and soon became the manager of a very profitable brokerage office for Reynolds Securities Inc. (later Morgan Stanley). He was named a Vice President of Reynolds Securities at age twenty-seven. He eventually established his own securities brokerage, advisory and investment firm, Lowe Investment Company. His financial interests led him to real estate development, which has been his major focus for the last fifteen years.
Director of Capital Markers
Mr. Neff has operated his own infrastructure construction company for more than 40 years in Utah. He works exclusively in constructing subdivision infrastructure projects include wet and dry utilities; building roads, bridges, streets, curb, gutter and sidewalks; constructing water systems including water tanks and pump stations and building sewage treatment package plants as well as connecting into municipal sewage disposal systems. His broad reach in the infrastructure development business enables him to deliver projects on time and below budget.
Craig Smith has more than three decades of experience as an attorney, in which he has successfully handled a number of complex water disputes, land use dispute, takings claims, and other issues. He has argued over 30 appeals to the Utah Supreme Court. Mr. Smith has represented public and private parties in takings claims arising from land use decisions, represented numerous water users in successful settlement of instream flow claims on the San Rafael River, and won appeals for municipalities and water entities before the Utah and New Mexico Supreme Courts. His most notable projects include securing the water rights for Duchesne City through an act of Congress, successfully entitling and securing water rights for a multimillion-dollar resort in Kane County, and creating the first municipal natural gas utility in Utah.
Director of Marketing
Elizabeth Wilson is the Director of Sales and Marketing at Zenith. She manages the real estate sales, marketing, and entitlement process for various projects. Most recently, Liz has worked as a licensed real estate consultant for Coldwell Banker and Impower Real Estate specializing in residential, multiple family, mixed-use development, commercial office, multi-use retail, and raw land opportunities. As part of her work efforts in real estate, Ms. Wilson has extensive experience leading teams tasked with the development, sales, and marketing of various projects for Zenith. She has received her B.S. in Political Science and History from the University of Utah, is a licensed agent in the State of Utah, and is a member of the Park City Board of Realtors. Ms. Wilson resides in Midway, Utah with her husband and four children. She loves being a mother, friend, and colleague. She enjoys weekend time with family, cooking, reading, and a great football game!