ADG Senior Management

William J. Burk, President, has more than 34 years of diversified real estate experience. Using private investment capital and creative financial structures, Mr. Burk has funded and provided profitable returns for hundreds of millions in real estate development projects. In 1986 he founded Landex, a company that provided real estate outsourcing services for Koppers Company, Inc., Westinghouse Credit Corporation, Alcoa, Kaiser Steel Corporation, Mellon Bank and other Fortune 500 companies. Early in his career, Mr. Burk coordinated the approval process for all the preliminary work for Lake Las Vegas in Henderson, Nevada, one of the world’s largest resort developments. During 1989 he developed King’s Grant, the largest mixed-use commercial and retail public/private development in the Southeast. The development incorporated the largest mall in the Carolinas, a new general aviation airport, a public golf course, and the largest economic incentive package in the state. This project created over 6,000 jobs and increased the tax base of the county by 30 percent. Mr. Burk has a B.A. in English from Wofford College.

Joe E. Rusnock, Executive Vice President, resides in Pittsburgh, Pennsylvania and is a 1031 Exchange Advisor. He served as Vice President of Finance with a publicly held insurance company from 1973 and ended his tenure as President in 1985. Up until 1987, Mr. Rusnock performed various consulting roles dealing with real estate and tax strategies. While expanding his consultation activities to physician groups, he owned and operated Clinical Laboratories from 1987 to 1999 with locations in Pennsylvania and Michigan. He was Managing Director of Real Estate Planning and Taxation for Apple & Apple PC, a Pittsburgh law firm specializing in charitable trust and 1031 tax free exchanges. Mr. Rusnock graduated in 1969 from Robert Morris University with a B.S. in Business Administration, majoring in accounting. At ADG, Mr. Rusnock specializes in assisting CFOs and Fund Managers in the beneficial application of sale/leaseback financing.

 

Frank Nelson, Vice President of Marketing, has more than 15 years in real estate marketing and development. Mr. Nelson’s experience includes commercial, residential and industrial developments throughout the southeast. He has served as General Partner of an equity fund, and is also Broker-in-Charge and owner of the top producing Re/Max office in the state of Georgia.







 

 

Leonard B. Sossamon Jr., Executive Vice President, Chief Operating Officer, had an extensive career in the public sector. He has served as the City Manager of Concord, North Carolina and County Administrator for Newberry, South Carolina. He has also served in position as planning and community development director for cities and counties. During it’s 2000 session, he served as a member of the North Carolina House of Representatives. Mr. Sossamon’s accomplishments include planning, funding and developing the Concord Regional Airport, and the Rocky River Golf Club at Concord. He has planned and developed numerous infrastructure projects (roads, bridges, water and sewer plants and lines) to serve many residential, commercial and industrial projects. Mr. Sossamon has undergraduate and graduate degrees from UNC Charlotte in Political Science and Geography. He also holds Municipal Administrator Certificates from UNC Chapel Hill and is a graduate of the South Carolina Executive Institute. Mr. Sossamon is a member of the Board of Directors for Cabarrus Bank and Trust and is a licensed real estate broker in North and South Carolina.



 


ADG Operations

ADG executives maintain focus on multiple, single-tenant stand-alone projects as its core business. The single tenant lease market is recognized as one of the lowest risk products in the real estate market. To further reduce development risk, 100 percent of ADG’s product is pre-leased. ADG has also developed an external network of professionals nationwide.

Development Associates
ADG Development Associates (DAs) are responsible for locating and bringing projects from lease to completion throughout the USA. Their compensation is a success-based fee for each project completed and sold. The target client is the large multi-site retail chain that can provide a larger volume of projects on a consistent basis year after year.

Contract Administrators
ADG Contract Administrators are responsible for managing contracts from inception to completion for each site. These are salaried professionals with experience in real estate contracts and project administration.

Operations Management
Operations Management Associates provide services and oversight of the site preparation, permitting, and construction process.

 

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