Genesis brings together diverse experience in architecture and planning, investment banking and private equity, politics and economics. Whether leading the development of boutique residences or large-scale renovations, our principals bring expertise in joint ventures, ground leases, senior housing, and affordable housing to infill projects throughout the City.
Karim A. Hutson
Founder & Managing Member
Under Karim’s stewardship, Genesis has fostered community advancement through high-quality multifamily development in urban centers. Prior to founding Genesis, Karim was an investment banker with Merrill Lynch and Goldman Sachs and an investor with General Atlantic, a private equity firm in Greenwich, Connecticut. Karim earned a BA in Economics and Philosophy from Amherst College. He holds an MBA from Harvard Business School and a Master’s degree in Theological Studies from Harvard Divinity School. A resident of Harlem, Karim serves as Treasurer of the Trustee Board of the First Corinthian Baptist Church, Trustee of the Citizens Budget Commission, Trustee of the Randall’s Island Park Alliance Board, Board Member of the Citizens Housing Planning Council, a Member of the Leadership Council for Habitat for Humanity NYC and a Member of the Executive Committee of the New York State Association for Affordable Housing. He is married to Luz Elenia and has two daughters.
Managing Director, Development
A specialist in financing complex affordable housing transactions, Nicole executes projects involving Year 15 re-syndication, conventional debt, taxable and tax-exempt bonds, LIHTCs, HOPE VI, HOME, CDBG, and a variety of other public and private funding sources. Prior to joining Genesis, Nicole was a developer with Pennrose Properties, a manager for the Philadelphia Housing Authority, and a consultant for Community Development Services, which worked with lenders, municipalities, and non-profit organizations throughout the country. She has structured deals totaling well over $300 million. She secured $48 million in HOPE VI awards and an additional $160 million in leveraged funds for associated developments. Nicole earned a Bachelor of Arts in Political Science from Rice University and a Master of Science of Real Estate Development from Columbia University. She serves on the steering committee for the New Jersey chapter of Women in Housing and Finance.
Robert J. O’Neill
Director of Construction
Robert servers as the Director of Construction for Genesis Companies. In this position he is responsible for all construction operations including pre-development, value engineering, permitting, daily construction activities and project closeout. Robert has over 30 years experience developing real restate and managing large construction projects in New York City and the metro area. Prior to joining Genesis he was with Collaborative CM where he managed large residential projects.
Adam’s focus at Genesis is on the firm’s real estate development practice. His role highlights his depth of knowledge in affordable housing finance, as well as in project planning and management. Prior to joining Genesis Companies, Adam was a Senior Analyst for HR&A, a leading national consulting firm specializing in real estate and economic development advisory services. At HR&A, Adam supported the public-private development practice and provided market, financial, and deal structure analyses on behalf of both public agencies and private developers throughout in Boston, Atlanta, and the New York tri-state area. Before that, Adam was a Housing Fellow with New York City’s primary affordable housing finance agencies, the NYC Housing Development Corporation and the Department of Housing Preservation & Development. As a Housing Fellow, Adam closed construction and permanent financing on over 1,300 units. Adam’s career achievements have also included interning in Washington D.C. with the Office of Congresswoman Maxine Waters, and with the House Financial Services Committee. He also interned with the Community Development Finance Group of Union Bank in Los Angeles. Adam holds a Master of Urban and Regional Planning from the University of California Los Angeles (UCLA) with a concentration in Affordable Housing Development and Finance, and earned his Bachelor of Arts in Anthropology from UC Santa Cruz.
Stuart D. Poppel
Stu concentrates his practice on the development of affordable rental and for-sale housing, mixed-income and mixed-use developments and urban redevelopment. Stu represents for-profit and non-profit developers in the creation of affordable and senior housing projects involving federal low income housing tax credits and historic rehabilitation tax credits.
Stu has over 16 years of experience in the affordable housing industry. He has negotiated the buyout/exit of tax credit investors from many LIHTC partnerships during that time and has represented developers on numerous Year 15 re-financings and Year 15 tax credit syndications using both 9% and 4% credits.
In addition, Stu has represented developers and housing authorities in many HOPE VI, Mixed Finance, Public Housing and HAP transactions. He is a frequent speaker and author on affordable housing, real estate development, Low Income Housing Tax Credits, Year 15 re-syndications, and urban redevelopment issues.
Stu earned his B.A. from Johns Hopkins University with a major in Political Science and his J.D. from Emory University School of Law.
Richard B. Franz III, CPA
Rich Franz of of Spoor, Bunch, Franz began working with Genesis Companies in 2006. His firm has served as the accounting department for Genesis Companies and related entities since that time. Their team of accountants and CPAs handle the day to day accounting administration for Genesis, which includes paying bills, reconciling bank statements, handling payroll, budgeting and tax planning, etc. For active Genesis projects, Rich’s team assists with vendor payments, monthly draw requests, and audit preparation. Rich also acts somewhat as the company’s CFO by consulting the Genesis management team on high level tax planning as well business management issues.
Rich Franz joined the Spoor, Bunch, Franz, P.A. team in 2004. He became a principal in 2010, and is responsible for the firm’s accounting and advisory practice. Prior to joining the firm, Rich began his career at PricewaterhouseCoopers LLP in Tampa, serving clients in the area of financial assurance and advisory. As a graduate from the University of Florida, Rich completed his undergraduate work in 1999 and continued his education in Gainesville, completing graduate work in Accounting in 2000. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants (FICPA).
Paul has been with Genesis Companies since its inception and currently serves as Project Manager. In this capacity, he manages the firm’s day-to-day project planning and execution. He is active in predevelopment activities, such as design and permitting, as well as construction. Additionally, he oversees the firm’s sustainability initiatives. Prior to joining Genesis, Paul worked various roles ranging from architect to owner’s representative in both the public and private sectors. Paul earned his degree in Architecture with a minor in Construction Management from Pratt Institute. He is a member of the American Institute of Architects (AIA) and a Certified Commercial Investment Member.
Chuck has over 57 years of experience in the construction industry. Chuck reviews construction documents for coordination and completion prior to construction and visits the sites during construction to review the quality of construction and for conformance to the construction documents and building code.
Chuck has completed bachelor and master degrees in architecture and is a licensed registered architect in New York, Pennsylvania, Massachusetts, Connecticut and North Carolina. Chuck previously worked at the firms of Pei Cobb Freed, Kohn Pedersen Fox and FXFOWLE Architects.
Executive Assistant/Office Coordinator
Jasmine oversees the day to day operations of the office at Genesis and brings with her experience from the corporate, academic and nonprofit worlds. She is also responsible for managing the business calendar for Genesis’ principals. Most recently, Jasmine served as an Administrative Assistant to a Senior Director at Harlem Children’s Zone and she was the Office Manager at one of HCZ’s After School programs. Prior to that role, Jasmine was a Project Administrator at DeSola Group where she provided project planning and research support to the Senior Strategic Marketing Team. She also worked at JP Morgan, where she was an Administrative Assistant to the Trading Technology group. Jasmine resides in Brooklyn, New York.
Ashanti serves as the point person for construction maintenance, correspondence, supply and utilities maintenance, as well as equipment upkeep. Ashanti assists the Director of Construction and Project Manager by supervising the distribution of information to various departments, administering weekly payroll accounts, designing filing systems and spreadsheets that allow for more efficient workflow, and maintaining and organizing architectural drawings, purchase orders, contracts, proposals, change orders, submittals, and transmittals.
Prior to joining GP Construction, Ashanti worked with American Industries Corp. where she was a Construction Assistant. There, Ashanti prepared purchase orders, contracts and proposals for commercial projects like H&M Herald Square, Mac Cosmetics on Madison Ave, and the World Trade Center. Ashanti has earned an Associate of Science Degree from International Academy of Design & Technology in Building Information Modeling and an Associate degree from Sullivan County Community College for Construction Technology.
Christine assists in all of the administrative aspects of the development projects Genesis pursues. She is involved in everything from working on putting together RFP packages to due diligence requirements needed to achieve construction closing for potential projects. Christine also assists with the maintenance and development of Genesis’ social media outlets, website and the company newsletter. Prior to joining Genesis, Christine worked at various law firms, the YWCA, Harlem Children’s Zone and several schools where she gained a combination of 14 years of Administrative and Paralegal experience. Christine is a United States Coast Guard veteran and has earned a Bachelor of Arts from Hunter College in New York City.
Advisory Board Member
Anthony is a former partner who led PricewaterhouseCoopers’ (PwC) U.S. Banking Group's Leasing and Finance Company practice. His practice provided advisory, accounting and auditing services to lessors throughout the U.S. Tony has over 25 years of diversified accounting and management consulting experience, including the performance of acquisition reviews and business performance assessments of companies across the construction, transportation, lending, manufacturing and other industries. He has extensive experience with analyzing or creating unusual and innovative financings, including large cross-border transactions and advising large aircraft lessors. Tony has significant real estate advisory experience and has also been the business representative of various creditor’s committees in recovering their financial interests from large, bankrupt real estate entities.
Tony has participated in or led process-focused and benchmarking reviews to assess business performance, organization effectiveness and enterprise objectives as well as systems functionality. Most recently, he has continued to consult with small lessors and has served as a Board member and chair of the combined finance and real estate committees of a major community development corporation in New York City.
Advisory Board Member
Jimmy L. Price III is a Managing Director of Karlin Asset Management (“KAM”), a single-family office in Los Angeles with more than $1 billion under management. Mr. Price is the Portfolio Manager of KAM’s direct public securities investments. Prior to joining KAM in 2011, Mr. Price was a Partner of ValueAct SmallCap, an activist fund with approximately $250 million under management. Prior thereto, Mr. Price was a Vice President at Oaktree Capital Management (“Oaktree”), an alternative asset management firm with more than $70 billion under management.
Mr. Price has a B.A. degree magna cum laude in Economics from Harvard College, where he was elected to Phi Beta Kappa. He has an M.B.A. from the Stanford Graduate School of Business, where he was an Arjay Miller Scholar and a Siebel Scholar.
Advisory Board Member