Executive Leadership

Executive Leadership Of Aep

Partners You Can Trust

Successfully navigating intricate tax credit laws can be complex, unless you have knowledgeable, confident and experienced guidance along the way.

The executive leadership of Affordable Equity Partners, Inc. is devoted to shaping and implementing Affordable Housing and Historic Rehabilitation Tax Credit programs. AEP is a recognized industry leader, positioning itself as a forerunner for tax credit legislation from the program’s inception in both Missouri and Georgia.

Our executive leadership is committed to creating partnerships through which we strive to serve each client’s specific project needs with integrity, timeliness and unrivaled professionalism.

Jeffrey E. Smith
President
Affordable Equity Partners, Inc.

Jeffrey E. Smith is a real estate developer whose Columbia-based companies have developed and invested in more than 170 affordable housing properties for families and seniors, totaling over 15,000 housing units in Missouri and other states. The group of companies includes property development, construction, property management, health care and syndication. His efforts led to the passage of tax credit legislation in Missouri that has helped preserve historic buildings throughout the state and provide decent and affordable housing for its citizens. A recognized leader in the affordable housing industry, Smith received the first Governor’s Award for Excellence in Elderly Housing in Missouri.

Founded in the early 1980s, JES Holdings, LLC includes JES Dev Co, Inc., Fairway Construction Co., Inc., Fairway Management, Inc., Capital Health Management, Inc., and Affordable Equity Partners, Inc. Headquartered in Columbia, Missouri, with a Southeast Regional office located in Atlanta, Georgia, this family of companies is dedicated to community improvements in Missouri and Georgia through real estate development, construction, management and investment in quality properties.

JES Holdings has more than 30 years of experience in the real estate and housing business and is an affordable housing advocate; implementing supportive service coordination for seniors and families. Senior-aged residents in communities managed by Fairway Management benefit from trained managers who work with community professionals to offer services such as health lectures and screenings, transportation services, home health services, and wellness programs. JES communities focused on families benefit from local resources to assist with financial planning, home ownership, and family social services.

Smith, a fifth-generation Boone County resident, is a major donor to numerous charitable, civic and educational organizations, including the Missouri Review Smith Prize for Fiction, Non-Fiction and Poetry, Boys and Girls Club, United Way, Central Missouri Food Bank, and Arrow Rock Lyceum Theatre. He is also the founder of the Jeffrey E. Smith Institute of Real Estate at his alma mater, the University of Missouri, a member of the College of Business' Strategic Development Board and The Herbert J. Davenport Society, and recipient of the University's Distinguished Alumni Award. Smith was an artillery officer in the U.S. Army and served as a captain in the Army Reserves.

Monica Swoboda
Executive Vice President
Affordable Equity Partners, Inc

Monica Swoboda serves in the capacity of Executive Vice President of JES Holdings, LLC, which is in turn responsible for oversight of five affiliate companies which include: Affordable Equity Partners, Inc., a tax credit syndication company; Fairway Management, Inc., a property management company with a primary focus on the management of multi-family housing subject to the requirements of Section 42 of the Internal Revenue Code; Fairway Construction Co., Inc., a general contracting construction company with experience in single and multi-family housing; JES Dev Co Inc., a real estate development group with extensive experience in multi-family Section 42 housing, as well as single family homes and mixed use retail/housing developments; and Capital Health Management, Inc., a company which owns and operates skilled nursing home facilities.

Monica joined AEP in 2000 as Vice President and shared responsibility for the administration of the entire company with a special emphasis on investor relations. During this period she implemented new staffing programs designed to specifically address investor sensitive risk mitigation strategies, the success of which resulted in a significant expansion of AEP’s investor base. In 2004, Monica was promoted to Executive Vice President of all the affiliated companies of JES Holdings with responsibility for the highest level of management of all day to day operations. In this position, Monica immediately developed new programs for companywide training and specialized continuing education programming to substantially enhance the performance standards of all levels of service delivered by the JES Holdings companies. In conjunction with this programming, Monica spearheaded efforts to establish guiding principles in the form of the JES Holdings Mission Statement, Vision and Values, which have become the cornerstone of the company’s re-energized customer driven approach- satisfying the needs of tenants, developers and investors. More recently, Monica developed and implemented a leadership education series for JES Holdings' employees currently occupying middle management positions. This series is designed to assure that the future senior management of JES Holdings is well positioned to effectively steward the interests of AEP’s developer partners and investors through the dynamic and ever-evolving real estate and property development landscape.

Monica served as Department Director and Vice President of a tertiary care hospital system for over 10 years. Her leadership also involved the development of strategic planning for alternative care delivery systems outside of the acute care setting.

In addition to Monica’s broad experience as a senior executive, she is also active in various civic and charitable endeavors. She is a member of the United Way Leadership Circle, an Advisory Board Member of the Jeffrey E. Smith Institute of Real Estate at the University of Missouri and a member of The Herbert J. Davenport Society. In addition, Monica is a regular invitee to the Annual GE Leading and Learning Executive Women’s Conference which is hosted by Jeff Immelt, Chairman and CEO of GE. This conference is a leadership forum offered to a select group of female senior executives from all walks of life and from all parts of the country.

William A. Markel
Executive Vice President
Affordable Equity Partners, Inc

William A. Markel, Executive Vice President of JES Holdings, LLC, began working as an intern with the company in 1992. Seeing the vision and values of JES first hand, Will aspired to become a member of the team following graduation from the University of Missouri, Columbia. Will's career with JES Holdings began in Fairway Management, Inc., specializing in accounts payable. While working with the management company, Will developed a passion for the development side of affordable housing and advanced to be a key contributor in market evaluation, property site selection, financial analysis, discussions with the various state housing agencies, and daily contact with neighborhood groups and civic leaders.

In 1997, Will became the Vice President and CFO of Affordable Equity Partners, Inc. Will is particularly knowledgeable in state affordable housing and historic rehabilitation tax credits. Will spends a significant amount of time interacting with development partners, meeting with current and potential investors to maintain existing and new relationships, and helps shape unique transactions tailored to the needs of AEP’s development and investment partners.

Will is currently one of two Executive Vice Presidents of JES Holdings. Both are responsible for the oversight and operations of all five companies within JES Holdings; JES Dev Co, Inc., Affordable Equity Partners, Inc., Fairway Management, Inc., Fairway Construction Co., Inc. and Capital Health Management, Inc. As an Executive Vice President, Will helps to ensure that the Mission Statement, Vision, and Values of JES Holdings are at the forefront of all business transactions, something that sets JES Holdings apart from other companies.

Will is an active philanthropist, dedicated to giving back to communities and organizations locally and nationwide. He is a member of the United Way Circle of Leaders and a member of The Herbert J. Davenport Society.