Our People

South Bay Partners professionals have extensive real estate experience, including accounting, architecture, construction, finance, acquisitions, marketing, leasing, sales and asset management. We utilize a team approach, insuring our clients and partners that all of the company’s resources are committed to the success of our projects.

Craig W. Spaulding
Chief Executive Officer

Craig founded the company in 1994 and is primarily involved in the capital management and partner relations side of the business. Before starting South Bay he was a Vice President with The Prudential Realty Group working on development and asset management out of the Houston, Dallas and Florida offices. Craig grew up in Houston, TX and attended the University of Houston where he obtained a BBA in Accounting. In his leisure time, he enjoys fly fishing, auto racing, sharing mission work with his wife, playing with grandkids and being outdoors at the ranch.

Patrick McGonigle

Patrick joined South Bay in 2002 and is primarily responsible for debt and equity relationships including construction/acquisition financing, refinancing and property dispositions.  Before joining South Bay, he was with Archon Group, a Goldman Sachs affiliate, working on commercial development and operating partner oversight.  Patrick was born in New Jersey, but grew up in both Dallas and Fort Worth.  Patrick received a BA in Economics from Claremont McKenna College and an MBA in Finance from Southern Methodist University.  Outside of work, Patrick enjoys running and spending time with his family around town, specifically Dallas Stars games.

Joel Sherman
Chief Investment Officer

Joel is the most recent addition to the South Bay Team, joining the firm in April of 2016.  Joel’s efforts will be focused on acquisitions, dispositions and assisting in new product development.  Prior to joining South Bay, Joel served as Senior Vice President of Acquisitions for CNL Financial Group, where he led senior housing acquisitions.  Joel received his MBA from the University of Florida and his undergraduate degree from Rutgers University. Out of the office, Joel enjoys time with his wife and children, church, outdoor activities, golf and watching the Philadelphia Eagles.  

Chuck Hammonds
Vice President of Development/Asset Management

Chuck started with the company in 1995 and has been involved in all facets of the development process at one time or another.   While his predominant role today involves the asset management function for both private equity based assets and institutional owned assets, he still loves to “kick the dirt” and be part of the upfront development phases.   Chuck has a degree in accounting from Texas A&M University and was previously employed at the Prudential Realty Group office of Dallas specializing in senior housing acquisitions.  When not at work, Chuck enjoys being with his wife and three children, travelling, golf and contributing to his neighborhood community and church.

Gary Solomon
Vice President of Finance/Accounting

Gary joined South Bay in January 2017 and is primarily responsible for finance, accounting, investor relations and fund management. Prior to joining South Bay, Gary's background has been in real estate and the import and distribution industry. Gary is a Chartered Accountant from South Africa, and moved to the United States in 1989. In his spare time Gary enjoys golf, working out at the gym and spending time with his family.

Adam Arnold
Development Manager

Adam’s responsibilities at South Bay run a gamut of development:  market analysis, land purchase, entitlements, financial modeling, coordination of contractors, construction management, etc.  Before joining South Bay, he was responsible for the development of standalone memory care facilities in Texas.  Prior to finding an affinity for senior living, his experience in real estate included commercial lending and office/industrial brokerage. Adam grew up in Flower Mound, TX and is an orangeblooded graduate of The University of Texas at Austin.  When he gets the chance, he enjoys being in the out of doors with his family.

Kyle Wisdom
Senior Development Manager

Kyle’s primary responsibility is to provide oversight for all aspects of the development process. His extensive background in real estate includes financial underwriting, design, development, and construction. Prior to joining South Bay, Kyle was Lead Developer for Silver Oaks Development Company where he managed the development process for their assisted living, memory care and independent living facilities. Before Silver Oaks, he was a Development Manager at ZOM Texas where he was involved in the development of over 2,000 units of traditional garden style, mid-rise and high-rise apartment product types with total development cost in excess of $400 million. Kyle holds a BS in Economics with Financial Application from Southern Methodist University as well as an MBA with concentrations in finance and real estate from Southern Methodist University’s Cox School of Business. While not at work, Kyle enjoys the outdoors and spending time with his wife and daughter.

Glenda Foster
Accounting & Finance Consultant

Glenda has over twenty-five years’ experience in financial analysis, development, asset management and project finance, including sixteen years with The Prudential Realty Group and nine years in asset management of retail properties with UCR Realty in Dallas. She has also worked on real estate investment fund management and reporting as well as the development and financing of South Bay’s senior housing projects in its early years. Glenda is a free-lance consultant to South Bay handling special accounting and financial projects as needed for South Bay and its principals.  Glenda received her Bachelor of Business Administration Degree from Southern Methodist University and is a former Certified Public Accountant.   Her passions include gardening, her cats, and travel to sunny beach locations.

Jennifer Ellis
Senior Accountant

Jennifer joined the company in 2013.  She handles the accounting for projects in development, and performs financial analyses and reporting on several operational projects within South Bay’s portfolio.  She brings with her, 17 years of cross-functional accounting experience, with special focuses on the buying and selling of Commercial Real Estate, Property Management and Partnership Accounting, typically for private equity based assets.  Outside of her work, Jennifer enjoys cooking, creative arts, fitness and going on adventures with her husband and four children.

Kelly French
Senior Accountant

Kelly joined South Bay in November 2017 as an addition to the accounting team. She is primarily responsible for the accounting and analysis of both operational and development projects. She engages with the property management teams, development managers, and the fund management groups associated with their respective entities. Kelly received her Bachelor of Business Administration from Merrimack College in North Andover, MA and has spent most of her working career in real estate accounting from property management of both multifamily and commercial. Outside of the office Kelly enjoys traveling and spending time with her family.

Sam Welty

Sam started with the company in November 2017. He is responsible for supporting the development team through the life of a project. This includes market analysis, financial modeling, and generating internal reports. Sam holds a BS in leadership development. Additionally, he has a minor in business and English and has a Master’s of Land and Property Development degree from Texas A&M University. When Sam is not at work he enjoys being at the lake, playing basketball, and spending time with his wife and family.