Alan Molasky is a prolific real estate developer, renowned philanthropist, native Las Vegan and CEO of Ovation Development Corporation, which he founded in 1984.
Under his leadership, Ovation Development has earned a reputation as the region’s leading designer and developer of both market-rate and affordable multi-family housing projects. The company has designed and built 33 multi-family communities throughout the Las Vegas metropolitan area valued in excess of $1 billion and encompassing 8,340 units. Today, Ovation is easily considered one of the state’s largest and leading developers of affordable housing with 13 projects totaling more than 1,900 units – with more under development.
Foreseeing a need for a concerted private/public plan to address Southern Nevada’s growing shortage of housing options for working families, and specifically, the increasing number of low-income seniors who are living on fixed incomes, Molasky committed a portion of Ovation Development resources toward designing and building affordable housing to a high standard of quality similar to market-rate housing projects, complete with recreational amenities and resident service components.
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. In addition, he leads the preparation of requests for proposals, investment memoranda and business plans to secure investor capital, bank financing and other forms of project capitalization. He also oversees the management of the company’s extensive real estate portfolio.
Prior to joining Ovation, Mr. Santana worked as a vp/financial analyst in the Real Estate Investment Banking Group of First National Bank of Nevada. There he gained a thorough knowledge of financial structuring of public and private enterprises, underwriting over $750 million in loans for various real estate projects.
Mr. Santana holds a bachelor of science degree in managerial finance with a minor in accounting from the University of Nevada, Las Vegas, where he graduated summa cum laude.
Jess Molasky is Principal and Project Manager at Ovation Development, a company founded by his father, Alan, in 1984 and the region’s leading designer and developer of both market-rate and affordable multi-family housing projects in Southern Nevada.
The company has designed and built 33 multi-family communities throughout the Las Vegas metropolitan area valued in excess of $1 billion and encompassing 8,340 units. Today, Ovation is easily considered one of the state’s largest and leading developers of affordable housing with 13 projects totaling more than 1,900 units – with more under development.
After graduating from UCLA in 2016 where he studied geography, environmental science and urban planning, Jess worked for UCLA Capital Programs to build three new Leadership in Energy Environmental Design (LEED)-certified dorm facilities and two world-class LEED-certified athletic facilities to be used for upcoming Olympics in 2028. While working for the Capital Programs, Jess helped to roll out a pilot program which created transparency relative to power usage for students living in the dorms. By collecting sub-meter data and developing a dashboard, the energy consumption of each section and floor could be tracked.