Our Management Team
William J. Michalak
Mr. Michalak is President and Chief Operating Officer of Tower Tax Credits, LLC. He has more than 30 years of senior level management experience, including service as a Chief Executive Officer, Chief Financial Officer, and senior consultant in the fields of investment banking and health care.
Highlights include:
Chief Compliance and Chief Operating Officer, Stateside Securities, LLC, a registered broker dealer of tax credit funds (sister company to Stateside Capital), 2006-2007
Chief Operating Officer of Stateside Capital, LLC, an acquirer and aggregator of Georgia Housing Tax Credits into investment funds (and sales and marketing arm of the fund company, Stateside Securities), 2004-2006
Senior consultant to the Atlanta office of Shattuck Hammond Partners, an investment-banking firm headquartered in New York City. Responsibilities included new business development, strategic advisory services, and private placement advisory services in the healthcare information technology (HCIT), managed care, and health care services sectors of the health care industry, 2002-2004
President, Chief Executive Officer, and co founder of Specialty Care Networks in Atlanta, and past President, Chief Executive Officer and co-founder of Health Care Options, Inc. in Mobile, Alabama
Vice President of Research for both Wachovia Securities, Inc. and the Robinson-Humphrey Company in Atlanta
Personal
Mr. Michalak graduated from Villanova University with a Bachelor of Arts degree, and later earned a Master of Business Administration at Roth Graduate School of Business Administration of Long Island University. He also served on the faculty of Emory University as an adjunct Professor of Business and Economics.
He is member of the Georgia Affordable Housing Coalition as well as a member of the U.S. Lacrosse Association and coach of the Marist High School Boys Varsity Lacrosse Team. A father of three children, his daughters attend the University of Georgia and his son Riverwood High School.
Lee McClurkin
Mr. McClurkin is the Chief Financial Officer of Tower Tax Credits, LLC. His corporate finance career includes over 20 years with investment banking houses, most notably, Robinson-Humphrey. Mr. McClurkin has spent six years in industry in both senior operating and financial capacities. He has also has devoted over ten years pursuing entrepreneurial ventures through his investment banking and consulting firm.
Highlights include:
Founder and President, Providence Capital, Inc., an investment advisory and consulting company. Provided operations and financial consulting, leading a privately held health care service company to the successful acquisition by a public corporation. Provided liquidation and restructuring services to lenders: First Union, Chase Citicorp, C & S (BankAmerica), Atlantic National Bank and Virginia National Bank (BankAmerica) and other regional banks. Assisted insurance companies with their real estate REO and investment holdings, as well as other portfolio holdings. 1991 - Present
Managing Director in Corporate Finance, Robinson-Humphrey, and Executive Vice President (chief operating officer and chief financial officer), Robinson-Humphrey/American Express Properties, Inc. Provided bank restructuring. Intimately involved in the development of the strategy for restructuring Southmark and it the liquidation of certain of its assets to raise the a "war chest". Strategy required separating the Savings Bank from its parent, restructuring both entities to the satisfaction of numerous federal regulatory agencies and accomplishing these tasks in an environment of deflating real estate values. Also formed a real estate development group within a subsidiary of American Express. This group designed, financed, developed and sold $400,000,000 in Class "A" properties including hotels, office complexes and industrial properties. During this same period, negotiated, structured and directed the marketing of over $240,000,000 of other real estate syndications. 1981-1991
Chief Financial Officer, Sea Pines Company, one of the early large developers of residential/resort properties. Designed and managed one of the largest corporate restructurings in the Southeast to avoid bankruptcy in the Southeast. His well-executed plan resulted in more than 50 financial institutions recovering substantially all of their funds while the company was down-sized and survived. 1973-1975
Personal
Mr. McClurkin received his MBA (finance) from The Wharton School of Commerce, University of Pennsylvania. He received his undergraduate degree (liberal arts) from University of Virginia.
Mr. McClurkin is a member of a number of professional business organizations and also serves as a qualified expert financial witness for issues with the Federal Power Commission, the Securities and Exchange Commission and the Public Service Commission in several states.
Robert W. Lennon
Mr. Lennon is Chairman of Tower Tax Credits, LLC. Over his career in the medical services, child care service and financial services fields, he has served as Founder and/or CEO of eight prior businesses that have been successfully developed, several of which were subsequently acquired during industry consolidations.Highlights include:
Chairman and CEO, Florida Medical Equipment Services , a large medical distribution company in Tampa/Saint Petersburg that was rolled into Rotec Medical, 1999-2004
Chairman, Crème de la Crème Inc., concept enrichment and development of five upscale early childhood development centers in Atlanta, GA, 1987-2004
Founder / Partner, American Ophthalmic (Welch, Carson, Anderson and Stowe ventured), consolidated small practices into large eye care/surgery centers in the South East, Midwest, and North East which was acquired by DRG, a NYSE member company, 1993-1997
Financial Consultant VP, Robinson Humphrey Co. / Smith Barney , 1988-2000
Founder / Partner, Omni Eye Services (ventured by Noro-Mosley), developed multiple outpatient examination and surgery centers in the South East and North East, acquired by Medical Care America, 1983-1989
CEO, Clayton Eye Services , 1973-1983
Personal
Mr. Lennon is a graduate of Deerfield Academy, Deerfield, MA, Northwestern University and the U.S. Army. He is a member of rotary and many other business organizations. He is married to professional artist Valerie Lennon and has three children.Timothy A. Hammond
Mr. Hammond is Vice President of Business Development for Tower Tax Credits, LLC. He has more than 26 years experience in business development, consulting, operations and technical services.
Highlights include:
Principal, Strategic Consulting Services, Duluth, GA
Worked as a Real Estate Sales and Marketing Consultant for developer to evaluate market conditions and sales tactics to maximize occupancy of recently developed properties, 2007
Southeastern Sales Manager, Integrated Thermoforming Systems, Chicago, IL
Opened Atlanta Office to provide local design and technical support for a vacuum formed packaging manufacturer. Provided Engineering Support to clients implementing RFID technology for inventory control and loss prevention, 2005- 2007
Foundation Repair Consultant, Trotter Company, Doraville, GA
Conducted on-site inspections of commercial and residential properties to perform structural analyses and form remediation plans, 1998-2005
Senior Technical Support Specialist, Tokos Medical, Santa Ana, CA
Provided software and hardware support for 18 monitoring centers with approximately 250 nursing stations located in large MSA's throughout the United States. Provided total logistical management, including layout, installation, and relocation of networked monitoring centers, 1992-1998
Information Systems Manager, Physiological Diagnostic Services, Atlanta, GA 1988-1992
Consulting Services Sales Representative, Independent Consulting Services, Atlanta, GA
Evaluated client information system requirements for relational database program design. Determined number of program function points and required development time. Drafted proposal for database program design, implementation, and maintenance. Presented proposal to client and finalized contract, 1986-1988
Operations Manager, M4 Data Systems, Coca, FL
Responsible for logistical support required to import English manufactured computer peripherals to United States for integration with CAD/CAM development stations.
Responsible for billing, collection, and payroll functions at the U.S. service depot,
1985 -1986
Personal
Mr. Hammond attended the Georgia Institute of Technology in Atlanta, GA to study electrical engineering. He resides in Duluth, GA and enjoys hunting, offshore sports fishing, tennis, golf, and recreational flying in single engine aircraft.