Locations
Delaware Valley Development Co.
Key Contacts
Owners, Principals & Senior Executives
George Beer's Bio
George Beer is the founder and President of the Delaware Valley Development Company (DVDC). Since starting DVDC in 1999, Mr. Beer has overseen and provided leadership in all of the company's real estate activities. Mr. Beer and DVDC also own and control Fairville Management Company, DVDC's affiliate property management company as well as Delaware Valley Construction Company and Boss Builders, general contracting companies, and Boss Management Company, a commercial management company.
Prior to establishing DVDC, Mr. Beer worked in various capacities for a prominent Mid-Atlantic builder, including as Vice President-Director of Development and Finance. Previously he worked for Hunt Properties, Inc. in Dallas, Texas.
Early in Mr. Beer's career he oversaw the development, construction and lease-up of over a million square feet of commercial and industrial space. He also asset managed a pension fund that owned real estate in 10 different states. Over his career he has developed and built housing communities containing over 6000 detached and attached homes. He has developed over 40 multifamily rental communities, many of which he still owns and are managed by Fairville Management Company.
In addition, DVDC has interest in several parcels which are currently in varied phases of land development as well as the former National Vulcanized Fiber site in the Borough of Kennett Square, Pennsylvania which is slated for mixed-use development containing approximately 350 apartments and townhouses.
Mr. Beer is currently the longest serving board member at the New Castle County affiliate of Habitat for Humanity as well as a board member of the Wilmington Leadership Alliance and the Wilmington Urban Bike Project. He has served on the board of West End Neighborhood House, as a board member and officer of Cornerstone West, as a board member and officer of the Darlington Fine Arts Center, and as a member and vice chair of the Pennsbury Township Planning Commission. He has also taught graduate courses in the development and finance of affordable housing through the University of Delaware's School of Public Policy and Administration as well as graduate courses in the School of Business.
Mr. Beer was educated at Virginia Polytechnic Institute and State University where he earned a Bachelor of Science degree in Civil Engineering. He also holds a Master of Business Administration and a Master of Science in Real Estate and Urban Land Economics from Southern Methodist University in Dallas, Texas as well as a Master of Engineering from the University of Texas in Austin, Texas. Mr. Beer is a licensed real estate broker in Delaware and Pennsylvania.
Glenn S. Worgan's Bio
Glenn Worgan is Vice President and principal of Delaware Valley Development Company where he leads the affordable housing division of the company. Active in the real estate industry since 1993, Mr. Worgan’s expertise is in the development of rental communities, specifically in the securing and structuring of multiple source financing, acquisition, land development, and team management.
Prior to joining DVDC in 2006, Mr. Worgan was vice president at a large regional affordable housing development company, where he was employed for eight years and one of the key people during a major growth period. His housing development experience includes several types and tenures including Mixed Finance, HOPE VI, Low Income Housing Tax Credit, historic rehabilitation, new construction, senior, family, special needs housing, for rent and sale. Mr. Worgan was project manager of over two-dozen developments totaling approximately 1,400 units and $300 million in development costs.
Mr. Worgan was educated at University of Georgia at Athens, GA where he graduated with honors in June of 1993 with a Master of Historic Preservation with emphasis in Real Estate Development from the School of Environmental Design. Mr. Worgan also attended Ursinus College in Collegeville, PA where he obtained a Bachelor of Arts degree in Economics in May of 1988.
Operations
Joanne Govatos's Bio
Mrs. Joanne Govatos is the Controller of DVDC and is responsible for overseeing the financial aspects of the organization. During the pre-construction and construction phase of development projects, Mrs. Govatos coordinates with the other team members, such as the architect, environmental and general contractors, and the State Housing and Community Development administration, as needed. She communicates with the State, County and private lenders and CPA firms to ensure all requirements of the development projects have been met. During the final construction phase, Mrs. Govatos assists the management company through the transition to being fully occupied and operational.
Prior to joining DVDC, Mrs. Govatos served as a Senior Accountant for the Cetrulo & Morgan Group, PA. In this position, Mrs. Govatos audited, reviewed and compiled financial statements for a variety of businesses throughout Delaware and Pennsylvania, including many Low Income Housing Tax Credit properties.
Mrs. Govatos received her Bachelor of Business Administration from James Madison University in Harrisonburg, Virginia. She is a member of the American Institute of Certified Public Accountants and refistered Certified Public Accountant in the state of Delaware.