Management Team2019-06-13T15:36:51-04:00

Management Team

Jonathan D. Albert is the Chairman of Cornerstone Realty, Inc. Jonathan focuses on acquisitions and the re-positioning of assets, financial structuring, remediation activities, and the strategic positioning and focus of the company. Prior to forming Cornerstone in the early 1990s, Jonathan Albert was a managing director and one of eight partners at Dean Witter Realty, Inc. based in Manhattan- a full service real estate investment company with over $3 billion of owned real estate. While at Dean Witter Realty, Inc., Jonathan had responsibility for several large scale development projects including office, hotels, high rise multifamily residential, parking garages, and industrial properties. Jonathan also had responsibility for overseeing and restructuring various distressed real estate assets. Jonathan joined Dean Witter Realty, Inc. in 1983 after graduating from Amherst College, magna cum laude with a BA in international relations. While at Dean Witter Realty, Inc., Jonathan also attended Wharton Business School at the University of Pennsylvania and received his MBA in 1987.

Jeffrey D. McLellan is the President of Cornerstone Realty, Inc. Jeff has the responsibility for the day to day operations of the company, including acquisitions, leasing, property management, and construction projects. Prior to joining Cornerstone, Jeff was the managing director of an affiliate of the company and resided in Hungary for six years and oversaw the development of a large chain of restaurants and its supporting infrastructure currently consisting of over 1,800 employees. Prior to moving to Budapest, Jeff was a Senior Associate at a law firm in Boston- McLellan and Zack. Jeff specialized in commercial and real estate law. Jeff received his BA from Amherst College in 1983 with a major in biology. Jeff graduated with honors from Boston College Law School and received his JD in 1987.

Timo Makkonen is the Chief Financial Officer of Cornerstone Realty, Inc. with full responsibility for all financial matters and risk management of the company. Prior to joining an affiliate of the company in 1992, Timo was the Manager of Hotel Accounting at Hyatt Hotel Corporation headquartered in Chicago and was responsible for the accounting at all hotels within the Hyatt hotel system. Timo received his BA from the University of North Carolina in 1984 with a major in Finance and his MBA from the University of North Carolina in 1986.