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Michael Stevens Interests, Inc. is a real estate investment and development company whose mission is to develop, acquire, and manage real estate with a commitment to excellent service, honesty, loyalty, and integrity. Michael Stevens Interests was lead by Michael Stevens, the founder, chairman of the board, and president, and a team of experienced corporate officers. Michael Stevens Interests employs more than 150 people and currently owns and manages over 4 million square feet of rentable building area in 25 properties.  Mr. Stevens was a member of the Houston Apartment Association Hall of Fame.

Founded in 1981 by Michael S. Stevens, the companies that now constitute Michael Stevens Interests, Inc. and its affiliates have acquired, developed, and operated more than 80 real estate projects (over 10,000 apartment units and 40 different commercial projects) valued at over a billion dollars and representing more than 10 million square feet of rentable building area. The company is currently under construction on two Class A apartment communities in Houston, Texas totaling 576 units and exceeding $50 million in cost.  In addition, Michael Stevens has led the financing and development of more than one billion dollars of public or non-profit projects in civic roles which include such major Houston projects as the conversion of the downtown Rice Hotel to the Rice Lofts, the 1,200 room Hilton Americas Convention Hotel, the Houston Astros Minute Maid Park, and the Houston Texans Reliant Stadium. As Chairman of the Building and Interiors Committee of Baylor College of Medicine, he has led the development of many research, office, and clinic buildings as well as the new one million square foot hospital, clinic, and office campus currently under construction. 

 

                                  Officers

Michael S. Stevens Former Chairman of the Board & President
Susan F. Laviage, CPA

Senior Vice President/Treasurer

Eileen Subinsky Vice President
Brad S. Swearer Vice President
Steven C. Otermat, CPA Vice President/Controller

Michael S. Stevens
Former Chairman of the Board & President

Michael Stevens was Chairman of Michael Stevens Interests, Inc., a real estate development and management company, which he founded in 1981. Since its inception, the company has developed, acquired and managed more than 80 real estate projects (over 10,000 apartment units and 40 different commercial projects) valued at over a billion dollars, and representing more than 10 million square feet of rentable building area. Currently, Michael Stevens Interests, Inc., and its affiliates, employ over 150 people and own and manage 23 properties, with 2 more under constuction, representing over 5,000 apartment units and over 4 million square feet of rentable area.  Mr. Stevens was a member of the Houston Apartment Association Hall of Fame.

Michael Stevens served on the Board of Directors/Trustees and Executive Committee of Baylor College of Medicine, the Greater Houston Partnership and the Governors Business Council.  He also served on the Board of Directors of the Memorial Hermann Foundation and Texans for Lawsuit Reform PAC.  He was Vice Chair of the Governors Business Council and Chairman of the Building & Interiors Committee for Baylor College of Medicine.  He served on the State of Texas Sunset Advisory Commission and was appointed by Lieutenant Governor Dewhurst.

Stevens’ involvement in state and local transportation issues was extensive. He chaired the Transportation Task Force of the Governor’s Business Council, whose efforts led to the recent adoption of the Texas Metropolitan Mobility Plan by the Texas Department of Transportation. He serveed as Vice Chair of the Greater Houston Partnership Transportation and Infrastructure Advisory Committee.  He was on the Executive Committee of the Gulf Coast Regional Mobility Partners, a Houston regional transportation planning and funding group of key business and political leaders.  He also serveed on the Executive Committee of the Texas Urban Transportation Alliance, Inc., which is promoting urban transportation efforts statewide. He was appointed to serve on the Study Commission on Transportation Financing by Lieutenant Governor Dewhurst.  He also served as a member of the Executive Committee of the Greater Houston Partnership's Travel Rate Improvement Project (TRIP 2000), responsible for the development of a congestion management plan for the Houston region.

In early 1995, Mayor Bob Lanier asked Michael Stevens to serve as the City of Houston’s first Assistant to the Mayor for Housing and Inner City Revitalization. Stevens' longtime involvement in the commercial real estate market in Houston, his talent in the financial arena, and his dedication to public service made him a natural candidate for the volunteer position.  Stevens was the driving force under Mayor Lanier responsible for the major downtown revitalization currently underway. Downtown projects in which he has been directly involved include the renovation of the Rice Hotel,  the development of the 1,200 room downtown Convention Center Hotel, the Astros new Minute Maid Field, the new Houston Texans/Rodeo’s Reliant Stadium, the new Houston Rockets/Aeros Toyota Center Arena, the Bayou Place Entertainment Complex, Midtown apartment development, the redevelopment of Gulfgate Mall, the demolition and reconstruction of Allen Parkway Village and the related Fourth Ward revitalization.  These projects represent over $1.5 billion in new construction, 3,000 new downtown jobs, over 3,500 downtown housing units, and over 10,000 permanent downtown residents.  Stevens is also credited with the creation of the Homes for Houston program which built, rehabilitated or improved over 20,000 units of affordable housing stock in the city of Houston during the Lanier administration.  This program was hailed by then H.U.D. Secretary Henry Cisneros, as the number one affordable housing program in the United States.

Stevens served as the Finance Vice-Chairman of the Harris County-Houston Sports Authority through September 1999. He was responsible for structuring all financing as well as heading the negotiating team responsible for Minute Maid Field, Reliant Stadium, and the Toyota Center. He was appointed by then Attorney General John Cornyn as Regional Chair for Texas Exile, a gun crime initiative funded by the Governor's Criminal Justice Division. From 1995 through 1997 Stevens served as Chairman of the Houston Housing Finance Corporation, the Houston Redevelopment Authority, and the Fannie Mae National Advisory Council.  He served on the Urban Center Advisory Board of the Brookings Institute.  Stevens also served 5 years on the Houston Convention Center Hotel Corporation Board of Directors and as Chair of the Project Development Committee responsible for designing, building, and financing the 1,200 room hotel.  He served on the Texas Task Force for Appraisal Reform and was appointed by Governor Perry. 

In 1997 Stevens received the Galleria Chamber of Commerce’s "Community Award" recognizing his volunteer efforts for inner-city revitalization.  In 2003 he received the Houston Area Pastor Council's "Faithful Citizenship Award".  In 2007 he was awarded the Daughters of the American Revolution "Medal of Honor" for his service to his country and community.

Among his other volunteer positions, Stevens served as a Deacon at Second Baptist Church and was Chairman of the church’s Centurion Foundation, which televises the sermons of Dr. Edwin Young. The radio and television broadcasts reach a worldwide audience of over 1.25 million people per week.  He also served as Chairman of the church's Building Committee for the Woodway Campus in Houston, Texas. 

Stevens was a native Houstonian. He graduated from the University of Houston in 1973 with a Bachelors Degree in Business Administration. He was honorably discharged from the United States Marine Corps.  He and his wife, Kim, have one daughter and three grandchildren.

HAA Hall of Fame Cover.pdf       HAA Hall of Fame Article.pdf

Susan F. Laviage, CPA
Senior Vice President/Treasurer

Susan joined Michael Stevens Interests, Inc. in 1986 and is directly involved in almost all aspects of Michael Stevens Interests operations. She has direct responsibility for corporate and partnership tax planning, health insurance, occupational benefits plan, and employee benefits programs. She also handles property insurance, ad valorem taxation and related litigation, as well as the monitoring of all corporate and partnership cash flows.

In addition, Susan is responsible for Michael Stevens Interests computer systems, constantly upgrading both hardware and software systems with state of the art technology.

She oversees all phases of the annual budgeting process for all of Michael Stevens Interests corporate and partnership entities, and also for each of the partnership properties.

As the former Controller and Property Manager for a retail developer, Susan supervised all aspects of partnership and corporate accounting. She managed collections, supervised construction, reviewed leases for legal accuracy, and interacted with attorneys in the course of litigation.

Previously, Susan was the Accounting Manager for a real estate development company where she developed financial and job-cost accounting systems for all residential and commercial development projects.

Susan graduated from the University of Texas at Austin in three years with a BBA in Accounting. One of the first positions Susan held was as a tax accountant with supervisory responsibilities, where she handled international consolidation and account analysis.

Eileen Subinsky
Vice President

Eileen Subinsky joined Michael Stevens Interests, Inc. in January 2000 to direct Property Management operations. Her career in the industry began in Florida when she chose real estate management over her degreed profession in Elementary Education. She holds the prestigious Certified Property Manager (CPMâ ) designation from the Institute of Real Estate Management, Chicago, Illinois. She is also a Realtor‚ and holds licenses in both Texas and Florida.

Ms. Subinsky is a career real estate professional with extensive experience in development, expansion and operation of management companies. Her background includes oversight of sizeable multi-family and commercial real estate portfolios. An innovative and recognized industry leader, she is a results-oriented visionary, and has handled every facet of income-producing real estate from acquisitions and new construction, to renovation and repositioning for profitable disposition.

Eileen was elected the first woman President of the Houston Apartment Association in 1998 and was inducted into that organization's Hall of Fame in 2001 based on a lifetime of contributions to the industry.

She served as a Regional Vice President for the National Apartment Association from 1994 to 1996 and continues to serve on both the Houston, and the Texas Apartment Association Board of Directors.

Ms. Subinsky has always demonstrated a strong sense of civic responsibility. She was appointed to the City of Houston Building & Standards Commission at its inception in 1991 and has served as panel Chairman since 1995. She is the current Vice Chairman of the Housing Authority City of Houston, on whose board she has been a member since 1996. She was a founding member of the Greater Greenspoint Tax Incremental Reinvestment Zone (TIRZ) and Redevelopment Authority, where she served as vice chairman for three years.

Abode Article- Hall of Fame       Abode Article-HAA President

Brad Swearer
Vice President

Brad joined Michael Stevens Interests in 1994 to direct the company’s acquisition efforts, identifying, reviewing and evaluating prospective properties for acquisition. He is involved in negotiating purchase and sale contracts, developing acquisition finance structures, and asset valuation. Brad and the acquisition team have developed an extensive principal/broker network providing access to a constantly growing inventory of over a half million apartment units for purchase in the major southwest real estate markets. He is responsible for creating acquisition budgets and overseeing all due diligence efforts on new property acquisitions. Brad is also responsible for most corporate brokerage/disposition activities, overseeing the disposition of assets, recommending list prices, creating marketing materials and implementing marketing strategies. Since joining the firm, he has represented the company in transactions totaling over one hundred fifty million dollars in commercial real estate, including multi-family properties, suburban office buildings, retail centers, and vacant land for development. Brad is also active in asset management and also participates in the day-to-day operation of the firm’s real estate portfolio.

Previous to joining Michael Stevens Interests, Brad earned a Bachelors degree in Economics from the University of Texas at Austin. After graduating, he was employed with a well respected commercial real estate appraisal and consulting firm where he gained a broad based background in real estate valuation and financial analysis. In this capacity, he performed real estate appraisals, appraisal reviews, consulting, financial investment analysis, and feasibility studies for a high profile clientele including individuals, banks, investment groups, asset management companies, insurance companies, and major financial institutions. His experience included the appraisal and analysis of various types of commercial properties including office buildings, apartment projects, retail centers, vacant land, residential subdivisions, office/warehouse facilities, hotel/motel properties, and proposed developments both locally and nationwide.

In addition to his college studies, Brad has completed many specialized courses in real estate and financial analysis. He is currently a Licensed Real Estate Broker in the State of Texas as well as a Texas State Certified General Real Estate Appraiser.

Steven C. Otermat, CPA
Vice President/Controller



 

 
Michael Stevens Interests, Inc. Phone:  281-496-4141
  8582 Katy Freeway  Suite 201 Fax:       281-496-2800
 

Houston, Texas  77024

 

E-Mail:  info@msi-re.com

 

For resident comments or concerns, please contact our Resident Relations Coordinator at 281-833-1816 or send an E-mail to comments@msi-re.com