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.
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.