Leadership

STEWART SCOVIL, CCIM & SEC

MANAGING MEMBER

Stewart has worked in commercial real estate for 22+ years, through all various stages of development, construction, and asset management. This includes everything from entitlements, site development and new or rehab construction. Most recently Stewart acquired, rehabbed and sold a 127-unit multifamily project valued at approximately $9.0MM with a 24% IRR/1.9x to investors. Stewart has managed and developed multiple property types with a focus on multifamily, self-storage, and industrial valued in-excess of $250 million. Stewart is also a real estate broker in Kentucky and Indiana.

Stewart previously consulted with Bluegrass Capital a boutique private equity firm and partnered with large multi-billion-dollar private equity funds for deals. Bluegrass focused on purchasing distressed assets and mortgages secured by commercial real estate. Stewart managed the workout process of these assets, which included negotiating new terms with borrowers. Stewart was extensively involved modeling the various property types and deal structures for the benefit of all investors.

Stewart graduated from Denison University with a Bachelor of Arts degree in economics. He obtained the designation of Certificated Commercial Investment Member (CCIM) and Society of Exchange Counselor Member (SEC). Stewart is married with two young children. He is actively involved in his community and church as well as coaching his kids at multiple different sports. Prior to his real estate career Stewart was a semi-professional road cyclist and competed across the country.

DAVID KANNEY, SEC

Managing Member

David has been working and investing in Real Estate for over 35 years. He has done over $100 million of real estate deals as a principal in all various property types. He is a member of the New York State Commercial Association of Realtors as well as The Society of Exchange Counselors. He holds an associate brokers license in New York and invests nationwide. He focuses upon a variety of Advisory and Transactional services such as Financial and Market analysis to Strategic Planning. Previously, he has owned and operated a number of small businesses as well as holding the positions of President and Chief Operating Officer of a publicly held corporation conducting business in over 35 countries. He is currently Board Chair for an Electronic Health Records company providing specialized software services.

When not working David enjoys Sailing, Fly Fishing, Sporting Clays, skiing, and cooking Asian Food. He has been married for 43 years and has two children.

Jenny Frasure, CPA

Syndication Analyst

Jenny is a seasoned CPA with over 30 years of experience spanning public accounting, government consulting, real estate investing, and financial advisory services for small businesses. She earned her Master’s degree in Accounting with a specialization in Taxation from Florida State University in 1994.

Jenny began her career at KPMG, where she developed a strong foundation in both traditional and forensic auditing, working with clients across the governmental, healthcare, nonprofit, and retail sectors. She later transitioned into KPMG Consulting, focusing on revenue maximization and federal compliance for state and local governments.

In 2003, Jenny co-founded Innovative Costing Solutions LLC (ICS), a firm specializing in federal regulatory compliance and audit resolution services for public sector clients. She continues to serve in an advisory capacity at ICS today.

Alongside her consulting work, Jenny has built a robust career in real estate investment. Her unique blend of accounting expertise and investment experience informs her approach to tax strategy, estate planning, and asset protection. She brings this strategic insight—and more than two decades of real estate experience—to the Peak Investments team.