Chief Executive Officer
Stephen L. Doty is the sole owner and Chief Executive Officer of Living Opportunities Management Company (LOMCO) and Doty-Burton Associates. LOMCO is an experienced residential property management company established in 1975 to provide day-to-day supervision of the projects that were being developed by its parent company Doty-Burton Associates (DBA). DBA, along with other entities controlled by Mr. Doty, is now utilized to acquire affordable housing projects. All of these acquisitions are senior properties with project based section 8. Outside of the office Steve enjoys spending time with his wife and four daughters.
Kent Davis joined LOMCO in 2009 to help the Company with its acquisition, financing and asset management activities and became the management Company President in 2011. In his current position, Kent works closely with the Managers of Operations, Compliance, Facilities, Service Coordination and Accounting and retains his role managing the company’s owned portfolio. Prior to LOMCO, Kent worked in investment banking for 7 years, finishing up at Citigroup Municipal Securities, where he underwrote tax-exempt bonds for affordable housing developments. Mr. Davis also worked at Century Housing, a nonprofit housing organization in the areas of lending and structured finance and prior to that at several California based savings banks in lending, special assets and REO. Kent holds an MBA from Claremont, Peter Drucker Management Center and a BA from Sacramento State University. Kent enjoys both local and international mission work, all sorts of physical fitness and watching his daughter play soccer.
Chief Financial Officer
Todd Welsh joined LOMCO in 2011 and currently serves as its Financial Controller. Mr. Welsh oversees corporate finance and accounting functions, as well as manages accounting, reporting, budgeting and financial compliance for all properties under management. Todd began his career in the audit and assurance practice at Price Waterhouse, LLC. Subsequent to Price Waterhouse, Mr. Welsh held various executive level finance and accounting positions within multiple industries. Todd received a Bachelor of Science in Accounting from California State University, Chico and is a licensed Certified Public Accountant. Outside the office, Mr. Welsh enjoys spending time with his wife and two daughters.
Vice President Property Operations
Monique Holden is the Vice President of Property Management and oversees all aspects of property operations. She has been managing real estate for over 15 years and brings a wealth of property and asset management experience to LOMCO. Prior to joining LOMCO in 2011, she was a Senior Asset Management at JRK Properties and held Regional Manager positions at two of the largest Real Estate Investment Trusts in the nation – Avalon Bay and Equity Residential. She is considered an expert on Section 8 housing, Housing & Urban Development Policy, and low income housing tax credits and is a member of National Association of Residential Property Managers (NARPM). Monique received her BA from Cornell University in Spanish and Urban Planning, and a Masters from the University of North Carolina Chapel Hill in Urban Planning. An avid runner, Monique has completed five marathons in New York, Chicago and Los Angeles.
Melody Barrett joined LOMCO in 2013 as the Asset Manager. She is responsible for achieving profitability of assets and manages all aspects of HUD compliance as it relates to contract renewals, rent increases, reserve for replacements, residual receipts and service coordinator grants. Melody has been in the industry for over 17 years. She first started as a Leasing Consultant with Equity Residential. Throughout her career she has worked as a Compliance Specialist for California Quadel conducting on-site Management and Occupancy Reviews (MOR) of HUD project-based Section 8 properties and as a Budget Analyst for TELACU Residential Management overseeing all budget-based rent increases, contract renewals, budgets and welfare exemptions. Melody received her BA from Loyola Marymount University. She is certified as an Assisted Housing Manager (AHM) and has been a member of the AHMA-PSW annual conference curriculum, events and tradeshow committees. Outside of work, Melody enjoys spending time with her family and serving in her church ministry.
Mary Shepstone joined LOMCO as the company’s first Executive Coordinator. In her current role, she has a number of different responsibilities including working with LOMCOs CEO and President to perform due diligence for property acquisition loans as well as having overall responsibility for management of the corporate office. Mary works with the entire executive team on a wide variety of special projects including coordinating the gathering of data, standardizing properties processes and ensuring that LOMCOs computer systems are meeting the needs of the company. She also is the driver behind organizing LOMCO company wide internal events and functions. Prior to joining LOMCO, Mary worked for 10 years as an executive assistant at an accounting firm which was acquired by Main Hurdman, where she continued to work as a Tax Secretary post acquisition. Outside of work, Mary enjoys spending time with her family.
Human Resources ManagerAllyson Hayes joined LOMCO in 2018 as an Operational Project Manager and was quickly promoted to Human Resources Manager. She is responsible for all recruiting, hiring, employee relations, payroll, training and coaching and counseling for LOMCO. Although she is new to her role as a Human Resources Manager she has been in the Property Management business for over fifteen years. She previously worked at Reading International, Oakwood Worldwide, Hilton Hotels in many different roles to include Leasing Manager, Residential Property Manager, Project Manager and General Manager. Outside of work, Allyson enjoys running, circuit training, water activities and spending time with her daughter and Golden-doodle.
Mike Pieroth joined LOMCO as Facilities Director in 2016 after working as a construction and development Project Manager for 7 years. He is focused on staff development, systems implementation and project management. He’s achieved substantial savings in vendor costs by increasing in-house capabilities through quarterly training and vendor consolidation. In addition, he has created greater transparency by implementing systems with measurable outcomes that allow everyone in the organization to see their own productivity. Mike also manages LOMCO’s construction and modernization projects, with varying level of complexity and budgets. He is considered a HUD/REAC expert and oversees all local, state, and federal physical inspections for LOMCO. Mike graduated with honors from Azusa Pacific University with a BA in Business Management. Outside of work, Mike enjoys his time as a youth hockey coach and volunteer at CHOC Children’s Hospital in Orange County.