ABOUT US
COMPANY
Formed in 2011, Schaumber Development is an affordable housing developer and consultant with offices located in South Carolina and Maryland. Principal Drew Schaumber has more than 20 years of experience in development and construction in the Carolinas, Virginia, Maryland and the DC metro area. As a real estate development and consulting firm, we specialize in new construction and rehabilitation of workforce and affordable housing, as well as structured partnership buyouts. To date, Schaumber Development has developed more than 20 new multifamily communities in the Carolinas exceeding 1200 apartment homes and rehabbed more 300 units.
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Schaumber Development has changed hundreds of lives by providing quality apartments and partnering with local non-profits to empower residents through education and supportive services.
OUR BACKGROUND & EXPERTISE
Schaumber Development was formed in 2011 as a real estate development and consulting firm specializing in multi-family affordable housing development.
To date, Schaumber Development has developed, rehabbed and/or repositioned more than 17 new multifamily communities in the Carolinas and Virginia totaling more than 1,300 apartment homes. He spearheaded the development of Heritage at Sliding Rock, a 60-unit new construction senior community in Greenville, which was subsequently awarded the Palmetto Housing Achievement Award.
Mr. Schaumber’s expertise includes creative joint venture partnerships with fellow for-profit and non-profit affordable housing developers, asset repositioning, and structured buy outs of limited partnership interests. The latter has enabled numerous affordable housing developers, both Douglas Development and other third-party outfits, to avoid the forced sale provisions embedded in many LIHTC partnership agreements, in turn keeping hundreds of affordable housing units in the tax credit program.
Mr. Schaumber is a member of Westminster Presbyterian Church, the southeast chapter of American Whitewater, and the South Carolina Affordable Housing Coalition. He a frequent invited speaker on the value of public-private partnerships at industry-related events. He lives in Greenville with his wife, Holly, and their two sons.
MISSION
DOING WELL, DOING GOOD
MISSION
DOING WELL, DOING GOOD
We believe whole-heartedly that affordable housing is essential for healthy communities. Along with food, shelter is perhaps the most basic human need. It positively affects childhood development, individual self-esteem, and family viability.
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In 2016, nearly half of renters are considered cost-burdened, meaning they spend more than 30% of their income on rent. The shortage of safe, sanitary affordable housing in America impacts all Americans and is reaching crisis-level in every state.
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A full-time worker earning the federal minimum wage of $7.25 an hour needs to work approximately 122 hours per week for all 52 weeks of the year, or three full time jobs, to afford a two-bedroom rental home at the national average fair market rent.
Neighborhoods, towns and cities cannot thrive without the provision of safe, sanitary and stable housing for all families and seniors. To that end, our mission is the creation of vibrant, high-quality housing that serves the needs of our residents, exceeds the expectations of our partners, provides solid returns for our investors, and enhances the communities in which they are built.
A LEG-UP, NOT A HAND-OUT
We view the housing we build as a stepping-stone to a better life. Whenever possible we seek local partners to provide social services to our residents. By empowering and educating residents about finance, computer skills, job and life skills, residents can move up to better jobs and home ownership. By eliminating the excessive financial burden required to obtain safe, decent housing, our residents can focus on their personal and family enrichment, their education and careers; the end result benefits all residents and the cities they call home.
A LEG-UP, NOT A HAND-OUT
We view the housing we build as a stepping-stone to a better life. Whenever possible we seek local partners to provide social services to our residents. By empowering and educating residents about finance, computer skills, job and life skills, residents can move up to better jobs and home ownership. By eliminating the excessive financial burden required to obtain safe, decent housing, our residents can focus on their personal and family enrichment, their education and careers; the end result benefits all residents and the cities they call home.
Meet Our Team
PRINCIPAL
Drew Schaumber
Drew graduated with honors from Washington & Lee University with a Bachelor of Science in Physics & Engineering in 1999.
After working as a project manager for Accenture for two years, he worked as a project manager and superintendent for Clark Construction Group in Washington, DC. From 2003 to 2007, he oversaw large commercial projects totaling more than $95 million.
He then went on to start Schaumber Construction in 2007, a commercial construction firm that successfully completed more than twenty-five projects in the DC metro area.
Drew still holds Class-A commercial contractors licenses in Maryland, Virginia, Washington, DC and South Carolina.
Managing Member
Holly Douglas Schaumber
Holly Douglas Schaumber brings extensive experience in real estate development, finance, and community revitalization to her leadership role. A magna cum laude graduate of the University of South Carolina, Holly earned dual bachelor’s degrees in Business Management and Finance in 2006. She began her career as an underwriter with BB&T’s commercial lending arm, Grandbridge Capital, before returning to graduate school to earn her Master’s in Real Estate Development from Clemson University, graduating with honors.
Holly’s career reflects a deep commitment to creating sustainable and inclusive communities. After gaining valuable experience with Somerset Development in Washington, D.C., she returned to South Carolina to join her father, David, in a decade-long collaboration focused on the preservation and development of affordable and mixed-income housing throughout the Carolinas. Since 2011, she has originated or rehabilitated nineteen affordable housing communities, representing more than 1,800 units across North and South Carolina.
Known for her expertise in complex financial structures and public-private partnerships, Holly continues to lead efforts in the development, maintenance, and rehabilitation of affordable housing. She holds a South Carolina real estate license and remains an active member of the South Carolina Urban Land Institute and the South Carolina Affordable Housing Coalition. She also serves on the Clemson Master of Real Estate Development Alumni Board and is a member of Westminster Presbyterian Church.
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A Greenville resident, Holly enjoys life with her husband, Drew, and their three children. Outside of work, she has a passion for music and loves spending time outdoors.
OWNER REPRESENTATIVE and CONSTRUCTION MANAGER
William C. Bagwell III (Tres)
Tres Bagwell serves as owner representative and construction manager for new construction and existing projects with the Schaumber Development and SD partner portfolios. Prior to joining Schaumber Development, Tres was a partner in a commercial real estate property management / development company for 18 years specializing in grocery anchored shopping centers throughout the southeast. Tres is a South Carolina Real Estate licensed broker. He brings knowledge to the team in construction development, property management, commercial real estate, site selection and acquisitions.
Tres is married with two children and enjoys spending time with his family. A sports enthusiast and devoted Clemson fan, he enjoys all things CU and coaches softball and baseball for his children’s respective teams. He’s also an active member of Fountain Inn First Baptist Church, where he is also a deacon and serves as the church treasurer.
Chief Financial Officer
Ann Stroup
Ann Stroup is CFO for Schaumber Development and works with our development and asset management divisions. Ann graduated Magna Cum Laude from Indiana Wesleyan University, and as an experienced finance professional has worked in both non-profit and for-profit roles. Prior to joining Schaumber Development, Ann gained experience in manufacturing and social service accounting. Ann helped to build a small manufacturing plant from a greenfield site, helped to centralize accounting and software functions during acquisitions with a high growth manufacturer, and has managed government grants and reporting while maintaining accounting records that produced audits with unqualified opinions.
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Ann is married with two grown daughters. She and her husband lead a small group at their church and enjoy biking and hiking, especially with their twin dogs.
Accounting Specialist
Diah Lanterman
Diah holds a bachelor’s degree in business administration and manages accounts payable, accounts receivable, and project accounting for Schaumber Development.
Before joining Schaumber Development, Diah worked in property management and parish church accounting, where she also served as a human resources liaison. In addition, she brings over 10 years of experience as an independent tax preparer.
Diah lives in Greenville with her husband and daughter. Together, they are active supporters of their daughter’s school and their local church. In her free time, Diah enjoys singing and
traveling with her family.
Asset Manager
Bucky Tarleton
Bucky graduated from Appalachian State University-Walker College of Business with a B.S. in Marketing and began in advertising sales. Five years later he switched career paths and spent the next 35+ years focused on real estate brokerage, development, and consulting and over the last 10 years turned his attention to developing and managing affordable housing. He has supplemented his education and work experience by taking advance courses in Financial and Investment Analysis, Asset Management, and Due Diligence Analysis through the CCIM Institute, earning their respected designation.