Townsend Underhill, MBA, CCIM, CRX

Townsend Underhill is a member of Stirling Properties’ Executive Leadership Team and serves as President of Development. In his role, he manages the company’s Development Division, which concentrates on seeking, evaluating, and implementing new development, redevelopment, and acquisition opportunities across various product types, with a focus on retail, healthcare, industrial, multi-family, and office. He also oversees Stirling Properties’ finance group, which has placed in excess of $1.8 billion in debt and raised more than $260 million in equity over the last decade. In addition, Mr. Underhill plays an integral role in Stirling Properties’ corporate strategy, new business development, asset management, facility management, and third-party client relationships. In recent years, his team has also added corporate client services in the development arena for many corporate and institutional clients, including entitlement and permitting of sites, site selection, corporate master planning, asset assessments, and financing and debt strategies.

Recent noteworthy development projects include Dana Inc. Service & Assembly Center in Slidell, Ambassador Town Center in Lafayette, River Chase and Offices at River Chase (mixed-use) in Covington, St. Tammany Cancer Center in Covington, Ochsner Medical Center in LaPlace, Ochsner Medical Complex - The Grove in Baton Rouge, Mid-City Market and Magnolia Marketplace in New Orleans, Fremaux Town Center in Slidell (mixed-use), Nicholson Gateway Retail Development at LSU in Baton Rouge, Lake Charles Power Center addition in Lake Charles, and Oak Heritage Townhomes in Prairieville (currently under construction).

Mr. Underhill holds a Master of Business Administration degree from the University of Georgia with specializations in Real Estate and Entrepreneurship. He also has a Bachelor of Business Administration degree in Real Estate from Arizona State University. He is a licensed Real Estate Broker in both Louisiana and Kentucky. In 2015, he was named one of Chain Store Age Magazine’s “10 Under 40” in Real Estate.

Townsend frequently represents Stirling Properties as a guest speaker for copious industry, business, and civic events, including panels for ICSC, ULI, Leadership St. Tammany, and Chambers of Commerce. He also leads academic discussions and mentoring programs for local students and professionals seeking to develop and advance their careers and build relationships in the real estate industry.

Townsend is an avid golfer, skier, wakeboarder, swimmer, and tennis player and enjoys being active. Most of all, he enjoys spending time with his amazing wife and three fantastic children.

Business Affiliations/Certifications:

• Young Presidents Organization (YPO), Louisiana Chapter Board
  • 2020-2022 Membership Officer
• Tchefuncta Club Estates Board
  • 2022 Treasurer
• Tammany Chamber of Commerce
  • 2019 Chairman
  • 2018 PAC Board Chairman
• GNO Inc., Board Member, 2018-2022
• ICSC
  • Past ICSC State Director, Louisiana
  • Past ICSC Southern Division Next Gen Chair
  • NextGen Leadership Board
• Certified Commercial Investment Member (CCIM)
• ICSC Certified Retail Property Executive (CRX)