Jeffrey D. Paxson

As principal and CEO, Jeff is responsible for overall business management along with site identification and acquisition, financial structuring and entitlements for Pax Development, LLC.  Additionally, as principal and President of Pax Edwards, LLC, Jeff is responsible for running the day-to-day operations of the real estate holding company.

Prior to forming Pax-Edwards, Jeff was the Vice President of development for PIRHL Developers and prior to that he was the Senior Development Director of The Shelter Group, a national real estate development and property management company specializing in multi-family and senior living rental communities.  While with PIRHL and Shelter, Jeff was responsible for the multifamily affordable development activities in the Mid-Atlantic.  During these tenures, Jeff sourced and developed over 1,000 units and 200 million of affordable real estate development. Jeff was involved with the new development of garden apartments, townhomes, single family homes and senior apartment buildings. Additionally, Jeff developed and closed several acquisition/rehab projects in various stages, including expiring LIHTC 15 year projects and section 8 communities.  All of Jeff’s projects have been financed with Low Income Housing Tax Credits, private debt, HOME funds and other affordable housing resources.

Prior to The Shelter Group and PIRHL, Jeff owned a real estate holding company which acquired, rehabilitated and managed, and ultimately disposed of residential homes in Baltimore City.  In this process Jeff managed relationships with banks, contractors, and other key development specialists to ensure the successful revitalization of numerous urban properties. In addition to this venture, Jeff spent seven years as an analyst and senior manager for Ellin & Tucker, Chartered, a recognized Baltimore public accounting firm.

Jeff is a CPA and earned a BS in accounting from Towson State University.