Ovation Development Corporation is a general contractor and real estate development company that designs and builds Class A apartment communities
in metropolitan Las Vegas. Since its founding in 1984 by Alan Molasky, the company has built 33 apartment communities and currently has two under construction. The 33 projects consist of 8,340 units valued in excess of $1 billion.
Since 1951, The Molasky Group of Companies has designed and developed properties in all aspects of the real estate industry, spanning office, commercial, residential, multi-family, retail, healthcare, aviation, law-enforcement and correctional properties. The company proudly designs, develops and constructs modern, secure, and environmentally friendly office facilities for our nation’s top law enforcement agency—the Federal Bureau of Investigation with awards from the GSA for the construction of 5 new FBI Offices across the country. The Molasky Group is currently developing three multi-family residential projects in Portland, Oregon, two large multi-use projects in Seattle Washington, and a multi-use mid-rise near Los Angeles in the heart of Glendale, California.
Alan Molasky was born and raised in Las Vegas, Nevada. Over the past three decades he has been actively involved in a wide range of real estate development in Las Vegas and California. In conjunction with his father, Irwin Molasky, he has been directly involved and responsible for many of the real estate projects developed and owned by the family development company, The Molasky Group of Companies.
Reinier Santana joined Ovation in 2005 as chief financial officer. In 2013 he was named president and assumed supervision of the development and property management divisions as well as overall company operations. In the development arena, Mr. Santana manages complex investment analyses, including valuation, transaction structuring, and market analysis for new projects as well as acquisitions and liquidations.
Lorri Murphy has more than 30 years experience in accounting, finance and risk management in real estate property management. This includes 17 years at Ovation Development where she supervises all phases of accounting and budgeting for corporations and their affiliates. She has also coordinated more than 25 loan closings totaling in excess of $400 million. During the past five years, Ms. Murphy has lead Ovation Development’s efforts to develop affordable housing projects funded by low income housing tax credits (LIHTC) and other local and federal funding sources.