Townsend Underhill, MBA, CCIM, CRX
Townsend Underhill serves as President of Development and is a member of Stirling Properties’ Executive Leadership Team. He is responsible for running the Development Division of Stirling Properties, 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 is also responsible for overseeing the company’s property finance group, which has placed in excess of $1.6 billion in debt and raised more than $243 million in equity over the last decade. In recent years, Townsend’s 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 and asset assessments, and financing and debt strategies.
Townsend has uniquely accelerated up the ranks at Stirling Properties. From being hired in 2007 as Development Director—a role created specifically for him—to being named a Partner and Senior Vice President in 2012 and then to President of Development within a little over ten years.
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 and Lake Charles Power Center addition in Lake Charles. Mr. Underhill also plays an integral role in Stirling Properties’ corporate strategy, new business development, asset management, facility management and third-party client relationships.
Mr. Underhill has a Bachelor of Business Administration degree in Real Estate from Arizona State University. He also holds a Master of Business Administration degree from the University of Georgia with specializations in Real Estate and Entrepreneurship. 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.
- St. Tammany Chamber of Commerce
- 2019 Chairman
- 2018 PAC Board Chairman
- GNO Inc., Board Member
- ICSC (International Council of Shopping Centers)
- Past ICSC State Director, Louisiana
- Past ICSC Southern Division Next Gen Chair
- Next Gen Leadership Board
- Certified Commercial Investment Member (CCIM)
- ICSC Certified Retail Property Executive (CRX)