M c C a s l i n ~ B a r r o w ~ H e n d e r s o n


Butch McCaslin has a career that includes commercial real estate development and private equity investments. He has always been an opportunity investor with an understanding of the real estate and business cycles. In 1974, he founded McCaslin Properties Inc. The company was active in office building, build-to-suit and multifamily projects in the Dallas/Ft. Worth Metroplex.

In 1990, Butch founded Crescent Realty Associates, along with Jim Sowell and Hicks, Muse, Tate and Furst. Crescent Realty operated during the RTC period, acquiring over 3,000 developed and undeveloped residential lots throughout Texas.

Butch and JD McCaslin formed McCaslin Development, Ltd. in 1994. The company developed high end multi-family projects in the Dallas/Ft.Worth and Houston markets. McCaslin Development built and leased over 2,500 units and was recognized several times as a Dallas Top Ten Multi-Family Developer by the The Dallas Morning News.

Along with Tommy Barrow, McCaslin formed Cherokee Horn, LLC in 2006. The company invests in oil and gas leases and mineral rights.

McCaslin holds a BBA in Business and an MBA from the University of Texas at Austin. Civically, he serves on the board of Central Dallas Ministries, East-West Ministries and Restoration Outreach of Dallas Ministries. He formerly served on the board of the Salesmanship Club of Dallas.

Tommy Barrow has enjoyed a career in energy, timber, commercial real estate and private equity. Barrow was a co-founder of Barrow Heath, Inc., which provided equity capital to the real estate development industry. The company provided over $100,000,000 in equity for multi-family, student housing, and retail projects.

Barrow Heath participated in over 50 student housing projects nationwide with The Dinerstein Companies. In addition, the company owned and managed 90,000 acres of timberland in Texas, Arkansas, Louisiana, and Oklahoma.

Barrow has managed timberland investments for over 10 years. He has evaluated and purchased properties, managed timber harvesting and sold the acreage obtaining consistent  quality internal rates of return.  In addition to real estate and timber, Barrow has an extensive career in oil and gas. Along with McCaslin, Barrow formed Cherokee Horn, LLC in 2006. The company invests in oil and gas leases and mineral rights.

Barrow attended TCU and is past chairman of the University of Texas Longhorn Foundation and former board member of Good Shepherd Medical Center in Longview. 

Dave Henderson has spent a career in real estate investment, multi-family development, student housing and timberland investment. His real estate experience includes debt placement analysis, property acquisition and sale analysis in association with over $750 million in real estate assets developed, acquired or sold.

Henderson’s timberland experience includes the acquisition underwriting, pre-purchase due diligence, negotiation for, and management of over 150,000 acres of timberland. In managing these properties, he coordinated activities with the forester for timber harvesting, reforestation, and property maintenance, as well as monitoring cash flow from operations in successful efforts to maximize asset values.

Henderson holds a Bachelor of Science in Economics from Brigham Young University and an MBA from the University of North Texas. His civic involvement includes being a Leadership Longview Alumni, former Chairman of the Board and board member  at The Crisman School and currently serving as a Junior Achievement volunteer teacher of high school seniors at Longview High School.

Jeff Kellam has an extensive background in forestry. For over 15 years, he has managed timberland properties and harvested over $250,000,000 in timber. He constantly searches for quality properties that will yield immediate income from timber sales. In addition to timber management, Kellam has expertise on the real estate acquisition side of the business, including the evaluation and purchasing of timber properties. He has purchased and sold over 110,000 acres of timberland.

He has cultivated numerous industry relationships and conducted transactions with International Paper, Weyerhaeuser, Plum Creek and most of the large Timberland Management Investment Organizations (TIMOs). He constantly monitors and visits timber sites across the South.

Kellam holds a B.S. degree in Forestry from Stephen F. Austin and several industry designations that include Registered Forester, Certified Tree Farm Inspector and Certified ISO 14000/SFI. In addition, he is a member of the Texas Real Estate Commission.

Lynn Newman has a career that spans 30 years of marketing and investor relations for financial services, private equity, alternative strategies and commercial real estate. He was formerly with the Belmont Group managing investment portfolios, raising capital and sourcing investment opportunities for high net worth individuals and foundations. Prior to McB, he was with Preston State Bank, a Dallas community bank. Additionally, he founded and managed Newman Foley LLC, a marketing services firm. The firm handled brand identity, investor relations and marketing programs for several national corporations.

He holds a BBA from the University of Texas at Austin. Civically, he serves on the board for Prison Entrepreneurship Program, Taylor Ministries and was a former president of Dallas Country Club. He is an active member of the Salesmanship Club of Dallas and a former board member. Also, he served on the Highland Park Sports Club Board and as its president.

Brian Absher has broad experience in the field of forestry and timber marketing. His career spans over 16 years with public and private timber companies including Weyerhaeuser, Champion International, International Paper, TimberStar and Rayonier. He has held forest management positions on over 3.7 million acres of timberland located in 10 southern states and also Washington and New York. The primary focus of Absher’s management experience has been in timber marketing. Additionally, he has been a sawmill procurement manager and operated a pole and piling facility. His many industry relationships and connections with mills enable McB to maximize cash flow through timber harvesting. He has developed and implemented techniques and processes that maximize efficiencies and cost effectiveness for marketing, merchandizing and harvesting timber.

In addition to the marketing of timber, Absher has managed log exports to Asia, including China and Turkey. His export experience includes the management of logging operations, shipping, merchandizing and credit structure. He has also been involved with bioenergy supply chain management. 

Absher holds a Bachelor of Science in Forest Management from North Carolina State University. He is a member of the Louisiana Forestry Association and a North Carolina Registered Forester. He has received multiple awards for operational excellence.