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413 SW 13th Avenue, Suite 300
Portland, Oregon 97205

503 922 0056

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  • We are a values-driven real estate developer providing resources, practices, and stewardship for our partners. We maximize environmental, social, and economic benefits inherent in meaningful places.
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  • We create opportunity, value, buildings, and legacies through sound business and ecological practices.

    We develop lasting high-quality projects through careful planning and execution, and by paying particular attention to details. Community context is important, and design matters. Our goal is for every project^ development to be relevant today and far into the future. We have a broad portfolio of experience, having planned, financed, and executed more than 20 projects. Our work brings a deep understanding of institutional-quality retail, office, residential, and academic spaces. Most importantly, our portfolio is a direct reflection of our standards - a focus on design, environmental systems, stewardship, and placemaking that yields meaningful places for people to thrive.

  • Environment influences behavior. When we shift and expand the environment we are exposed to, we learn from other industries, people, and places. Our hope is that these experiences have a positive impact on our behavior and our work.
    • Tom Cody

      Managing Partner

      Tom Cody

      Thomas Cody is the founder and president of project^. As a real estate executive Tom has over 15 years of experience executing mixed-use, transit-oriented sustainable developments and is an industry leader in public/private partnerships. He has successfully developed 29 projects ranging from $3 million to $300 million, and he has completed over $400 million of mixed-use development within the last ten years.

      His experience includes a broad range of product types including flex, industrial, office, retail, multi-family, student housing, academic facilities, and large-scale urban mixed-use projects. Some of Tom’s most notable projects have been ground-breaking urban redevelopment projects and public/private partnerships with colleges and universities and private non-profits.

      Prior to founding project^, Tom was for seven years a principal and partner at Gerding Edlen Development (GED) in Portland, Oregon. While there, Tom originated and oversaw large-scale urban mixed-use developments in Oregon and California, where he oversaw the company’s operations. Tom was instrumental in transforming GED from a local developer into a prominent force in West Coast urban development. During his tenure GED became the nation’s leading sustainable developer with over 30 LEED projects including three platinum projects, the largest platinum office building in the country, the first and second LEED gold condominium projects in California, and the first LEED platinum condominium project in the world.

      Prior to GED, Tom was Director of Real Estate in Opus Northwest’s Portland office and developed a number of projects for the Sivers Companies. At Opus Tom honed his skills in merchant building and institutional underwriting. Before embarking on his real estate career Tom worked for three years in the office of architect Frank O. Gehry in Santa Monica, CA.

      Tom received a Masters degree in Urban Planning from Harvard University and a Bachelor of Science degree in Urban Planning and Development from the University of Southern California.

      He is a long standing member of the Urban Land Institute (ULI); a regular speaker and industry expert on urban development, sustainability, and placemaking; an invited Juror on ULI’s Award for Excellence (The Americas); a current Juror for the Hines Award, a member of ULI’s Sustainable Development Council; a member of the American Planning Association; and a certified City Planner. In 2008, The Portland Business Journal named him one of the city’s “Top 40 Under 40” and was named a “Mover and Shaker” for 2009 by Metropolitan Magazine in San Diego.

    • Anyeley Hallová

      Partner

      Anyeley Hallová

      Anyeley is a development professional with 10 years experience in a range of projects from mixed-use sustainable developments to large-scale urban master plans. Her strong technical and creative backgrounds enable her to successfully lead and participate in multi-disciplinary teams with diverse stakeholders.

      Her core focus within the company is shepherding projects through entitlements with a specialization in, market research, entitlements, project management, and leasing efforts for purpose-built student housing. Some of her recent projects include Courtside and Skybox Apartments, a 405-bedroom sustainable apartment community adjacent to the University of Oregon and developments that will serve students of Oregon State University and Pacific Northwest College of Art.

      Before joining project^, Anyeley served as a Development Manager for Gerding Edlen Development in Portland, working on student housing, civic projects, and public-private partnerships, and as an Associate Urban Designer at the leading design firm EDAW Inc. (AECOM) specializing in downtown master plans in the Caribbean, transit-oriented mixed-use development, and greenway plans to facilitate land acquisition for the Trust for Public Land.

      Anyeley has a Masters degree in Landscape Architecture from Harvard University, a Masters in City Planning from the Massachusetts Institute of Technology, and a Bachelor of Science degree in Environmental Systems Technology from Cornell University.

      Anyeley is a published researcher and writer on cultural landscapes and developing public consensus. Her civic work includes a mayoral appointment to the City of Portland's Adjustment Committee and the Community Involvement Committee for the Portland Plan. She is also a guest design critic at major Universities including Louisiana State, Harvard, Auburn, Georgia Tech, and Portland State; and was a juror on the Urban Land Institute’s (ULI) Rose Center Panel, Advisory Service Panel, and the Gerald D.Hines Student Urban Design Competition.

    • Jonathan Ledesma

      Partner

      Jonathan Ledesma

      Jonathan is an accomplished designer and project manager with experience in retail, real estate, and architecture that allows him to engage, understand and collaborate with many disciplines. His core focus within the company is managing project teams with a specialization in design execution and forging relationships with retail and other tenant partners.

      Prior to joining project^, Jonathan served as an Associate with LEVER Architecture where he worked on the design for projects ranging from animation studios, university museum galleries to furniture design. His roles included the management of consultants and the presentation of design work to high-level clients. He also worked directly with the principal to develop the firm’s designs in the creation and production of all work.

      Jonathan began his career as an associate designer with the Portland-based firm Allied Works Architecture. While there, he worked on projects ranging from museums, exhibit design, workplace design to residences. This included the winning proposal for the Clyfford Still Museum, a single artist building in Denver, Colorado; the competition finalist design for the Berkeley Art Museum; animation studios for Disney and Pixar and a private residence in the Portland Hills. After leaving Allied Works Architecture, Jonathan worked for Nike Inc. as a Store Development Manager, collaborating with real estate teams, designing and planning stores across the country.

      Jonathan has a Masters degree in Architecture from the University of Oregon and a Bachelor of Science degree from the University of Oregon and has studied architecture and planning at Columbia University and real estate development at Portland State University.

      His community involvement includes volunteering for the Caldera Arts Foundation at Binnsmead Middle School in Portland and being a guest architecture and interior architecture critic for the University or Oregon, Portland State University and Marylhurst University.

    • Tom Cody

      President & CEO

      Tom, managing partner of project^, has initiated and managed all aspects of large-scale development projects with a specialization in student housing, both on- and off-campus. Some of Tom’s most notable projects have been groundbreaking urban sustainable redevelopment projects and public/private partnerships with colleges and universities and private non-profits. As President and CEO, Tom’s day-to-day stewardship provides the cornerstone of the campus^ initiative.

    • Barry Mahlberg

      COO

      Barry has over 25 years of commercial real estate and operating business experience. Sharpened through multiple real estate cycles, his unique skill sets of underwriting, transactional, development and property operations ensure a larger vision in place to maximize investor's capital while reducing risk. The bulk of his career has even spent as a commercial real estate broker working with Cushman and Wakefield and before that as a Principal and shareholder with Burnham Real Estate Services, a 108-year-old dominant regional firm in Southern California. Durning that rime, Barry has been involved with the marketing, leasing, and selling of over 4 million square feet of office, industrial and multi-family product totaling over $500,000,000 in consideration. In addition to acting as a developer and/or principal in a number of projects, Barry is Asset Manager for our two most recent student communities (Courtside and Skybox) consisting of over 400 beds.

      Barry received his Bachelor of Science degree in Marketing at San Diego State University. He has served as a Court Appointed Special Advocate (CASA) for Voices for Children in San Diego and is also a Class A member of the Professional Golfers of America, PGA.

      As Chief Operating Officer of campus^, Barry's operational expertise is brought to bear on pre-development, development and ongoing management of our business and assets.

    • Pat Kilkenny

      Chairman

      As the former chairmaned and chief executive officer of the San Diego-based Arrowhead General Insurance Agency, Pat grew his business into a nationwide organization with written premiums that totaled nearly $1 billion at the time he sold the company in 2005.

      A native of Heppner, Oregon, Pat attended the University of Oregon in the early 1970's. Later he served at the UO Athletic Director, on the UO Athletic Department Advisory Board, and on the Board of Trustees for the University of Oregon Foundation from 1996 to 2000.

      During his tenure, Pat reinstated baseball, launched a plan to build a new baseball stadium, and hired influential coaches. In addition, he added women's competitive cheer as a new UO sport, led efforts to build a $200 million basketball arena, and helped create a Legacy Fund for private gifts to take Duck athletics from self-sufficient to self-sustaining.

      As an investor and Chairman of campus^, Pat's commitment to enhancing the collegiate environment and creating legacy housing for students is unwavering.

    • Union Way

      Portland, OR

      • Partners
        California Bank & Trust
      • Uses
        Retail
      • Cost
        $4.6M
    • ArtHouse

      Portland, OR

      • Partners
        Powell Family, PNCA, Umpqua Bank
      • Uses
        Student Apartments, Retail
      • Cost
        $11.4M
      • LEED
        Silver (Target)
    • The Emery

      Portland, OR

      • Partners
        ZRZ Realty, Wells Fargo
      • Uses
        Apartments, Retail
      • Cost
        $21.2M
      • LEED
        Silver (Target)
    • The Union

      Corvallis, OR

      • Partners
        Samaritan Health Services,
        California Bank & Trust
      • Uses
        Student Apartments
      • Cost
        $16.2 M
      • LEED
        Silver (Target)
    • Mammoth View

      Mammoth Lakes, CA

      • Partners
        Brittania Pacific Properties
      • Uses
        Hotel, Spa, Cabins, Townhomes
      • Cost
        TBD
      • LEED
        Gold (Target)
    • Blackbox

      Portland, OR

      • Partners
        Umpqua Bank, Portland Development Commission
      • Uses
        Retail, Office
      • Cost
        $1.8 M
    • Skybox

      Eugene, OR

      • Partners
        California Bank & Trust
      • Uses
        Student Apartments, Retail
      • Cost
        $17 M
      • LEED
        Gold
    • Courtside

      Eugene, OR

      • Partners
        California Bank & Trust
      • Uses
        Student Apartments, Retail
      • Cost
        $11 M
      • LEED
        Gold
    • Evo Condominiums

      Los Angeles, CA

      • Partners
        Corus Bank, Lehman
      • Uses
        Condominiums, Retail
      • Cost
        $197 M
      • LEED
        Silver
    • Gilbert Hall

      Forest Grove,OR

      • Partners
        Pacific University, Oak Tree Foundation,
        City Of Forest Grove
      • Uses
        Housing
      • Cost
        $16.2 M
      • LEED
        Gold
    • Luma Condominiums

      Los Angeles, CA

      • Partners
        Nebf, Ullico, Wcm, Williams & Dame Development
      • Uses
        Condominiums, Retail
      • Cost
        $122.7 M
      • LEED
        Gold
    • The Civic Condominiums

      Portland, OR

      • Partners
        HAP, JP Morgan, Cigna
      • Uses
        Condominiums, Retail
      • Cost
        $76 M
      • LEED
        Gold
    • The Morrison Apartments

      Portland, OR

      • Partners
        Housing Authority of Portland
      • Uses
        Affordable Housing, Retail
      • Cost
        $17 M
      • LEED
        Gold
    • Elleven Condominiums

      Los Angeles, CA

      • Partners
        CJUF, NEBF, Washington Capital Management
      • Uses
        Condominiums, Retail
      • Cost
        $77.2 M
      • LEED
        Gold
    • Burlingham Hall

      Forest Grove,OR

      • Partners
        Pacific University, Oak Tree Foundation
      • Uses
        Student Housing, Summer Camp Housing
      • Cost
        $14.2 M
      • LEED
        Gold
    • Health Professions Campus

      Hillsboro, OR

      • Partners
        Pacific University, Virginia Garcia Memorial Health Clinic
      • Uses
        Academic, Medical Clinic, Retail
      • Cost
        $30 M
      • LEED
        Gold
    • Broadway Housing

      Eugene, OR

      • Partners
        Portland State University, PSU Foundation
      • Uses
        Student Apartments, Retail
      • Cost
        $12 M
      • LEED
        Silver
    • East Linn Campus

      Lebanon, OR

      • Partners
        Linn Benton Community College
      • Uses
        Academic, Social Services
      • Cost
        $4.9M
  • Campus^ is a subsidiary of project^ that applies our experience and values to envisioning, executing, and managing extraordinary student communities.

    Although we have been working in this space for over a decade, campus^ is a new and thoughtful approach, involving new partners and yielding a new paradigm. Our interest in innovation, our ethics and our entrepreneurial and collaborative spirit relate well to colleges and universities and their constituents. Through careful planning we bring resources, spatial solutions, and program elements (often in a mixed-use format) that complement campus life.

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