Steve Powel is a proven real estate executive with more than 38 years of experience in the commercial real estate and multifamily industry. Steve spent 33 years at SitusAMC (previously Situs), a company he helped found and elevate into the leading solutions provider to the real estate finance industry. During his time at the firm, Steve served in a number of roles including Chief Operating Officer, President, Chief Executive Officer, and, most recently, Executive Chairman.
Under Steve’s leadership, SitusAMC expanded its assets under management from $15 billion to $175 billion, globally. He was the chief architect of the firm’s growth strategy and led its sales and marketing functions. Steve pioneered several innovative offerings including an industry-first Talent Solution offering, providing tailored, dedicated teams to help organizations scale effectively while mitigating personnel risk. The success of these talent platforms fueled numerous copycats and established an industry standard for deal execution in the commercial real estate capital markets industry.
In 2004, Steve led SitusAMC’s expansion into Western Europe and Asia. He championed the firm’s M&A activity, acquiring third-party valuation services firm, RERC, and HPI, the leading nonperforming loan servicer in Europe. Additionally, he was a key architect in the firm’s expansion into the residential mortgage market with the acquisitions of The Collingwood Group and MoutainView Financial Solutions. In 2019, he played a contributing role in bringing together Situs and AMC, the leading residential secondary market services firm, to form SitusAMC, the industry’s leading provider of consulting, outsourcing, talent, and technology solutions supporting the entire life cycle of both commercial and residential real estate finance.
Steve presently serves as the Vice Chairman of MISMO’s Board of Directors, a wholly-owned subsidiary of the Mortgage Bankers Association; Advisor to SitusAMC’s Board of Directors; Investment Partner and Advisor to Multihousing.com, a middle-market owner-operator of Affordable Rental Communities in the SE U.S.; Principal and Managing Member of Point North Capital, LLC, a Family Office focused on multifamily debt and equity investments.