Accord Interests

Where analytical discipline and creative resolve build enduring real estate value

The Accord Distinction

Accord identifies and develops opportunities that others overlook: underutilized urban sites in markets characterized by complex development requirements and high barriers to entry, across commercial, hospitality, retail, and multi-family property classes.

The combined experience of present and past principals encompasses more than $1 billion in commercial real estate, including land development, subdivision, multifamily, and hospitality projects.

Meticulous market analysis — encompassing demand fundamentals, capital market conditions, and competitive positioning — creates the cornerstone of every Accord decision. This analytical discipline surfaces investments with durable fundamentals and strong demand characteristics — assets that hold and grow their value across market cycles, delivering compelling returns to investors and partners.

Leadership

Joseph G. Mansour

Principal and Founder

Joe founded Accord on a single conviction: that rigorous, independent analysis can reveal what the market has not yet priced. That conviction has guided every acquisition, development, and exit in Accord's history.

Joe began his career as an attorney practicing real estate and bankruptcy law. That legal background — encompassing real estate transactions, corporate restructure, and bankruptcy — gave him an unusually clear view of distressed markets. He founded Accord to act on a specific insight: that the Texas real estate market, then in severe decline, would recover, and that disciplined investors willing to conduct that analysis stood to benefit substantially.

He has followed a disciplined approach to entering and exiting markets and property classes based upon assessment of prevailing market conditions and expected changes. This analytical approach has guided Accord to decades of successful development.

The Accord Path

Accord has designed an investment strategy that endures beyond any single project or market cycle. Accord emphasizes institutional-quality systems, analytical rigor, documented processes, and disciplined decision-making to ensure continuity of operations and consistent performance over time.

Accord has a broad base of real estate market segment experience. In the early years, Accord developed and repositioned multiple apartments, townhomes, and condominium communities, including Tucasa Townhomes, Willow Ridge Townhomes, Baker Square Apartments, Radford Place Townhomes, and Mill Creek Townhomes.

From this base, Accord grew into development of traditional office, creative office, hospitality, and commercial projects including the luxurious Isola Bella Townhomes in West Hollywood, two major Wilshire Boulevard office buildings, the historic Hollywood News Building in Hollywood, and the historic Academy Awards Archival and Restoration building (previously the DesiLu Studio). Accord has undertaken specialty developments including the Nickelodeon Animation Studio and the Viacom Office Building.

Accord's large hospitality projects include the 186-room Beverly Hills Residence Inn by Marriott and the 314-room Old Pasadena Courtyard by Marriott. Accord undertook the ground-up construction of the Old Pasadena Courtyard by Marriott. Accord also substantially renovated and repositioned the former Beverly Hills Hospital into the Beverly Hills Residence Inn. Accord's specialty developments include the restoration of the historic Elizabeth Taylor home on Summitridge Drive in Bel Air, and the four luxurious historic townhomes on Rexford Drive in Beverly Hills.

Accord has substantial industrial experience as well. Accord developed the Burbank Commerce Centre, located near the Burbank Airport, and the 400,000 square foot California Commerce Centre in the San Fernando Valley.

Accord has always brought creative problem-solving to real estate development. A compelling example: when Accord acquired a nearly abandoned 850-unit apartment complex in Oklahoma City, conventional repositioning would have been insufficient. Accord's solution was to divide the property into two distinct operating models — 350 units configured as fully furnished, professionally serviced apartments catering to extended-stay tenants, with the remainder operating as traditional rentals. The result was exceptional stabilization of what had been a distressed asset. The approach attracted significant industry attention and has since been studied and replicated by others.

The Accord Approach

Accord's investment philosophy rests on three principles that have remained constant across decades and market cycles.

First, independent analysis precedes every decision. Accord does not follow market consensus; it forms its own view of where value lies and where risk is underpriced. This analytical independence has repeatedly led Accord into markets ahead of recovery and out of markets ahead of correction.

Second, complexity is an advantage, not an obstacle. Accord deliberately seeks markets and sites characterized by high barriers to entry — entitlements, environmental constraints, historic designations, and adaptive reuse requirements. These barriers deter less experienced developers and create conditions for superior returns.

Third, execution is inseparable from strategy. Accord's institutional-quality systems, documented processes, and disciplined team structure ensure that analytical insights are translated into operational outcomes — not lost in the gap between planning and implementation.

Acquisitions

Accord develops new projects and repositions underutilized urban sites across commercial, hospitality, retail, multifamily, and specialty property classes — with particular focus on markets characterized by complex development requirements and high barriers to entry. What constitutes an exceptional opportunity to Accord is specific: a site or asset where Accord's analytical process surfaces a pricing or timing advantage that is not yet visible to the broader market, and where Accord's execution capabilities can close the gap between existing and potential value.

Development

Combining design, functionality, and market insight to create lasting value, Accord's developments proceed from creativity applied to adaptive design and construction. Using the skills and talents of Accord's own planning staff and working with well-established architecture, engineering, and construction professionals, Accord has enjoyed decades of successful real estate developments.

Asset Management

Accord combines state-of-the-art systems with a disciplined focus on the fundamentals of real estate development and operation. These systems remove outdated, time-consuming processes, allowing Accord's professionals to concentrate fully on activities that directly enhance asset value.

Our Talent

While advanced systems are essential in today's competitive market, superior outcomes depend on experience, judgment, and execution. Accord has always found success through its highly accomplished team members.

Joseph G. Mansour

Principal & Founder

Joe has owned, developed, and operated numerous properties across a wide range of asset classes, including hospitality, residential, industrial, and retail. He focuses primarily on the identification and evaluation of new development and investment opportunities, guiding Accord's strategic direction while drawing on decades of firsthand experience in acquisition, development, and operations.

Prior to forming Accord, Joe practiced law with Pillsbury, Madison and Sutro in California. His practice areas included real estate, corporate restructure and bankruptcy. He graduated with honors from the University of Missouri and received the Order of the Coif and Order of the Barrister from Washington University School of Law. He currently resides in Austin, Texas.

Darla J. Nelson

Treasury Officer

Darla has directed operations for Accord, guiding accounting, banking and investments, human resources, risk management, and project integration.

Prior to joining Accord, Darla had over twenty years in health care administration, drawing on her bachelor's and master's degrees in business and administration.

Jacob L. Sternbaum

Associate Developer

Jacob manages all property operations including lease negotiations, tenant improvements, lease compliance, and tenant and vendor relations.

He brings to Accord direct ownership experience: prior to joining, he founded his own real estate development company and acquired and managed rental properties in the Austin, Texas and Los Angeles, California markets. He continues to manage those assets, and that firsthand experience as a developer and operator directly informs Accord's approach to property development and management.

Stacey M. Persinger

Accounting Manager

Stacey joined Accord in 2014 and oversees the company's financial operations, administrative functions, and organizational support services. She brings extensive operational experience along with an Associate of Arts degree and professional certifications in QuickBooks and business administration.

Key Relationships

Disciplined real estate investment built for the long term. Permanent capital mindset focused on durable income-producing assets. A legacy built on experience. Sustained by discipline.

Client Relationships:

Viacom's Nickelodeon Animation, Marriott's Beverly Hills Residence Inn, Marriott's Old Pasadena Courtyard, HD Supply

Lender Relationships:

GMAC Commercial Mortgage, German American Capital Corporation, Deutsche Bank AG, Wells Fargo Commercial Mortgage, Oklahoma Fidelity Bank, Principal Global Investors, Prosperity Bank, John Hancock Life Insurance Company

Builder Relationships:

ANCO Building Services, LLC; McCormick Construction

In Memoriam

Karl Sternbaum, Principal (1949 – 2006)

Joining Accord in California as partner, Karl Sternbaum brought decades of development, construction and property management strength encompassing over ten thousand residential units and one million square feet of office development. With twenty-five years of experience in building and managing projects in the Houston, Texas area, his contributions advanced the Accord model for complex developments in other parts of the country.

Andrew Feola, Principal (1942 – 2022)

Andrew Feola forged his architectural development expertise through decades of award-winning achievements. His notable credits include the design of more than three million square feet in a 250-acre mixed-use project within Madinaty ("My City") in New Cairo, Egypt, featuring a park and mall shopping complex, hotel, and water park. Andrew Feola also designed the Mall of the Emirates in Dubai, including the celebrated indoor ski resort, and more than twenty-five developments exceeding ten million square feet throughout China, Kazakhstan, Egypt, Azerbaijan, and other areas of the world. He joined as a partner of Accord to bring his extraordinary breadth of experience to further Accord's developments.

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