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 continued to flourish and grow. Heller also joined Chad Asarch and Hud Karshmer to establish Steele Properties, Monroe Group’s development and acquisition partner company, in 2006. Heller is certified by […]



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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 at Monroe Group. Asarch has been instrumental in its growth, helping Steele more than double its portfolio and closing over $800 million in acquisitions, sales, financings and tax credit transactions. Asarch manages the underwriting, acquisition, development and legal teams and oversees projects from start to […]



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