Principal


Stuart Heller

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Stuart Heller founded Monroe Group Ltd. in 1982 with a management agreement for a single 81-unit affordable housing property. Under Heller’s leadership, Monroe Group has grown the company’s current portfolio to more than 50 properties in 15 states. Heller also joined Chad Asarch and Hud Karshmer to establish Steele Properties, Monroe Group’s development and acquisition […]



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Hud Karshmer

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Hud Karshmer has been a Principal at the Monroe Group since 2004. Karshmer also created a partnership with Chad Asarch and Stuart Heller to form Steele Properties, Monroe Group’s development and acquisition partner company in 2006. Karshmer’s previous experience includes various director-level positions with Qwest Communications where his primary focus was new products and features […]



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Chad Asarch

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Chad Asarch joined the Monroe Group in 2006 after founding Steele Properties, Monroe Group’s development and acquisition partner company, with Hud Karshmer and Stuart Heller. Prior to Monroe Group and Steele, Asarch served as Senior Vice President and Associate General Counsel at Apartment Investment and Management Company (AIMCO, NYSE–AIV). While at AIMCO Asarch served as […]



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David Asarch

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David Asarch is the Chief Investment Officer and a Partner of Monroe Group and its partner company, Steele Properties. Asarch has been instrumental in the growth of both companies, helping Steele more than double its portfolio and closing over $550 million in acquisitions, sales, financing and tax credit transactions. Asarch manages the underwriting, acquisition, development […]



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Steve Cordes

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As Chief Operating Officer for Monroe Group, Cordes works with the organization’s principals and executive team to implement and oversee the strategic growth plans and operations across all areas of the company. Steve leads the accounting & finance, property management, human resources, and marketing and communications, and oversees key vendor relationships. Prior to joining the […]



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Emily Hemaidan

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As Chief Accounting Officer for Monroe Group, Hemaidan is responsible for overseeing all accounting, finance, risk management and human resources. She joined Monroe in 2009, as Director of Finance and was promoted to Vice President three years later with expanded responsibilities including property management operations and communications. Emily was promoted to Chief Accounting Officer in […]



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Making a difference every day – One Home at a Time

Monroe Group