President, NVCommercial, Inc.
Stephen Cumbie is chief executive officer and principal of NVCommercial Incorporated, NVRetail and the Metro Realty group, commercial real estate investment, development and services companies which projects exceed $500 million completed or in process in the Washington, D.C. and Denver, Colorado metro areas. NVCommercial and NVRetail projects include office, retail, hotel and mixed use properties. Metro Realty firms provide asset management, property management and development management services for both NVCommercial/NVRetail and third party clients.
Mr. Cumbie is also the President of NVCapital Advisors, which manages the NVCommercial Real Estate Fund I, a $30+-million distressed real estate investment fund focused on the greater Washington area. From 2008 to 2011, he served as the executive director of the Center for Real Estate Development at the University of North Carolina's Kenan-Flagler Business School and an adjunct professor. He co-taught the real estate development course in the MBA program.
Prior to founding NVCommercial, NVRetail and Metro Realty Group, Mr. Cumbie was president from 1977 to 1983 of Elm Street Development (formerly NVLand Incorporated), a residential land development company. He is a founder of all the "NV" companies including NVR, a publicly traded home-building company that operates through the Ryan Homes and NVHomes trade names.
Mr. Cumbie serves in leadership roles in numerous community, business and charitable organizations in the Washington area, including the immediate past Chair of INOVA Health System (2013 revenues of $2.54 billion). He also serves on the boards of the INOVA Health System, the UNC Kenan-Flagler Business School Foundation, 1st Portfolio Corporation, the Tyson's Partnership, SonoMedica Inc. and Unity School of Christianity. Mr. Cumbie previously served on the Boards of Directors of NVR Inc., Potomac Bank of Virginia and the Fairfax County Chamber of Commerce. He was president of the Northern Virginia Chapter of the National Association of Industrial and Office Properties (NAIOP) in 1991 and served as a member of the national NAIOP Board from 1999-2004. Mr. Cumbie was appointed to the Virginia Public Buildings Board by Governor Mark Warner and the Virginia Port Authority Board of Commissioners by Governor Tim Kaine.