President/ Chief Executive Officer
President/ Chief Executive Officer
Al Dubin joined CSDC in 2009 and was named the organization’s Chief Executive Officer in January 2013. Al oversees and manages the overall strategic direction and financial strength of the organization with primary responsibility for structuring the equity and debt for the organization’s property acquisition and facility development projects nationally.
With over twenty-five years of managerial and financial experience, Al has held senior management positions in both large multi-divisional corporations and smaller firms. He has been the Chief Financial Officer of companies across a broad spectrum of industries including hi-tech, retail, wholesale, real estate development and education.
Al has been involved in the education industry for over ten years having served as CFO of a $200M school supply wholesaler, Executive Vice President of a Charter School Management organization and, more recently, as the CEO of a nonprofit company that helps Charter Schools finance and manage their facility needs. He has arranged equipment financing for more than 300 Charter Schools in more than ten states and the District of Columbia. He has also helped develop more than a dozen Charter School facilities in Colorado, Indiana, North Carolina, Ohio, Pennsylvania, Michigan, Arizona and the District of Columbia and arranged financing for these through both commercial and municipal financing vehicles.
Al has an M.B.A. in Finance from Bentley College and a B.A. from the University of Rhode Island.
Shanta Bacon, Project Accountant, joined the organization in 2015 as CSDC’s first dedicated project accountant. Shanta is primarily responsible for performing all of the project accounting and financial reporting and compliance functions for the real estate development and loan programs of CSDC and its affiliates. She also works closely with project managers to provide administrative support to projects, assist with property acquisitions and sales, and communicate with prospective investors, lenders, and capital providers as appropriate.
Prior to joining CSDC, Shanta spent 10 years in private and public accounting with both real estate and construction companies where she gained a unique perspective on multiple forms of development.
Shanta holds a Bachelor’s Degree in Accounting from the University of Maryland, College Park.
Tim Behrens, CSDC’s Project Manager, is primarily responsible for managing the property development and facilities construction process on behalf of our charter school clients participating in the real estate development programs of CSDC and its affiliates (CSDC Property Corporation and CSDC Facilities Corporation).
Tim will conduct financial analyses and modeling for proposed projects, structure and negotiate lease or ownership arrangements, conduct site visits and perform assessments and evaluations of potential buildings and vacant land for projects, secure and negotiate architect and other contracts, oversee and coordinate due diligence and predevelopment on potential properties, and summarize results of analyses for clients and governing boards by providing them with strategic direction and guidance throughout the development process.
Prior to joining CSDC in 2015, Tim worked in the financial industry in both construction and property management.
Summer Boutselis, Accounting Assistant, joined the organization in 2015. Summer is primarily responsible for day-to-day accounting operations and office support to CSDC’s Maryland office. She provides support to accounting and financial responsibilities by applying exceptional knowledge of basic accounting principles and procedures. Summer maintains all accounts and notes payable, accounts receivables, and monthly billing for CSDC and its subsidiaries and affiliates.
Prior to joining CSDC, Summer spent 5 years in the aftermarket auto part business. There she worked as an accounting assistant, responsible for payroll and general accounting within the office.
Ashley Brown, Project Developer, joined the organization in 2018 and is primarily involved with CSDC’s turnkey development and direct lending programs. She is responsible for overall project development, including initial feasibility analysis, financial modeling, underwriting, predevelopment and site due diligence though project completion. Ashley also provides overall program and transactional support by analyzing costs, operations and forecast data to determine project viability for CSDC’s direct lending programs, and assists in preparing financing applications with prospective investors, lenders, and capital providers to fulfill CSDC’s mission.
Prior to joining CSDC, Ashley has had a varied career providing her with experience in the areas of school operations, non-profit management, and finance. She began as a teacher and transitioned to the position of Head of School for an award winning charter school organization. In this role, she focused on the business and strategy side of the education reform movement. Ashley has obtained more than $100 million in bond funding for school construction, renovation, and expansion projects.
Ashley holds a Master’s Degree in Economics from the University of Delaware and a Bachelor’s Degree in Fine Art from Central Michigan University.
Lindsay Erickson, Executive Assistant, joined the organization in 2018 and is primarily responsible for providing overall administrative and office support to CSDC’s Arizona office and the executive team. She works closely with internal and external stakeholders, manages communications with CSDC’s Board of Directors and prepares and organizes transactional documents for real estate and loan projects in the western U.S.
Prior to joining CSDC, Lindsay spent 11 years in healthcare providing administrative support to senior leadership. During that time, she gained a unique perspective about operational workflows and process improvement.
Lindsay holds a Bachelor’s Degree in Law and Society from the University of California, Santa Barbara.
Senior Vice President
Senior Vice President
Laura Fiemann joined CSDC in 2010 as its Senior Vice President. She is largely responsible for marketing and administering CSDC’s Building Block Fund (lease and loan guarantees), Mountain West Charter Schools Fund (direct loans) and other CDFI & direct lending initiatives nationally. Laura also administers CSDC’s Turnkey Development Program for those projects in the western U.S. She is also responsible for facilitating communication between CSDC’s charter school clients, commercial banks, potential landlords and its credit committee.
She has been in the public finance business for over 19 years, working with municipalities and non-profits on their project finance needs. As a bond underwriter at a registered broker dealer firm for 9 years and then Vice President at a private capital company, she fine tuned her skills to serve the unique needs of charter schools regarding facilities financings.
Laura is responsible for raising capital to support the growth and expansion of CSDC’s CDFI Operations and direct lending program, and oversees real estate development projects in the western U.S. She provides ongoing technical assistance to client schools during the early/start-up years to prepare them to eventually finance a permanent home through bank or tax exempt bond transactions.
Laura has dual degrees in Finance and Management from the University of Colorado and is active in her community through several charities.
Annette High, Financial Controller, is responsible for overseeing the organization’s accounting and finance functions, financial reporting, coordinating audits, and meeting compliance and tax requirements for the various programs of CSDC and its subsidiaries and affiliates.
Prior to joining CSDC, she began her career in the private sector where she gained a wide range of experience in financial accounting, mergers and acquisitions and real estate development. She previously served in the capacity of Financial Controller and is proficient in a variety of accounting and CRM software programs.
Annette holds a Bachelor’s in Accounting from the University of Baltimore and is currently seeking a Master’s in Accounting from Strayer University.
Britt Kozlewski, Staff Accountant, joined the organization in 2017. Britt is primarily responsible for providing project accounting for CSDC’s Turnkey Development program, as well as financial reporting for the organization. Her work in these areas is essential to ensuring overall project success from construction through completion. She collaborates with CDSC’s project managers and school clients to provide accounting support and to ensure accounts are properly reconciled. Britt also supports CSDC’s portfolio monitoring process through her analysis of school financial reports and statements.
Prior to joining CSDC, Britt worked for a large global asset management firm in the Fixed Income Fund Accounting department. She also held a Senior Accountant position at a major income investment organization.
Britt holds a Bachelor’s Degree in Economics from the University of Maryland, Baltimore County.
Chief Operating Officer
Chief Operating Officer
Michelle Liberati, Executive Vice President, has overall administrative responsibility for the organization. Michelle has been with CSDC since its founding and has had management responsibility across all areas of the organization. She works with the President and Board of Directors to implement strategic and business plans, identify potential funding sources and manage corporate assets and personnel.
Prior to joining CSDC, Michelle was the Program Director of Women’s Leadership Programs at the Washington Center for Internships and Academic Seminars. She also worked as a legal assistant for the Federal Education Association and served as a substitute teacher for the Arlington County, Virginia Public Schools.
Michelle holds a Master’s Degree in Education Policy from George Washington University and a Bachelor’s Degree in Philosophy from Tulane University.
Senior Vice President
Senior Vice President
Rebecca Secrest, Senior Vice President, is primarily involved with CSDC’s Turnkey Development Program, performing the role of Project Manager on facility development projects from the initial feasibility study through full underwriting, credit analysis and predevelopment through financing, acquisition and project completion. She represents CSDC and its charter school clients with commercial banks, CDFIs and landlords. Rebecca is also the Assistant Corporate Secretary of CSDC.
Prior to joining CSDC in 2006, Rebecca worked in the financial industry in both the fixed income and equity sides of the industry. After leaving the financial industry, she focused her career on marketing as the primary Marketing Coordinator for a transportation engineering firm.
Rebecca received her MBA through the University of Maryland’s Executive Program and holds a Bachelor’s Degree in Marketing / Communication from the University of Pittsburgh.
Mark Zeizel, Vice President, joined CSDC in 2013 and serves as a project manager for CSDC’s Turnkey Development Program in the Eastern U.S. Mark’s primary responsibilities include initial underwriting, & credit analysis, arranging project financing and overseeing development and construction management from predevelopment through project delivery. Mark also provides ongoing technical assistance to charter school clients during the early start-up years, and portfolio monitoring of all charter school clients participating in any of the organization’s programs.
Prior to joining CSDC, Mark worked for a DC-based real estate investment and development company with primary responsibilities in its Capital Markets/Acquisitions Group. During this time he participated in approximately $800 million of acquisitions and in the debt and equity structuring of a 2 million square foot commercial and multi-family portfolio. Mark started his career in the financial industry working in the fixed income group of a mutual fund company.
Mark is a CFA Charterholder and holds a Master’s of Real Estate Development from the University of Southern California and Bachelor’s of Arts with a Business Management concentration from Gettysburg College. Mark also serves as a member of the Board of Trustees for City Arts and Prep Public Charter School in Washington, D.C.