Our Team

Stephen E. Barron, 70, splits his residency between Chicago, Illinois and Boca Raton, Florida. He received a B.S. degree in Accounting from the University of Illinois in 1978 and is also a Certified Public Accountant.  From 1978 through 1981, Mr. Barron served as an accountant specializing in real estate and related tax matters with the accounting firm of Altschuler, Melvoin and Glasser, where his major areas of concentration included tax sheltered investments and condominium conversions. Thereafter, Mr. Barron was employed by VMS Realty, Inc., a real estate investment firm that owned and operated a large portfolio of diversified real estate holdings including hotels, office buildings, apartment complexes and industrial parks. 

Mr. Barron is a member of the Illinois Housing Council, the Affordable Assisted Living Coalition (AALC), the Real Estate Investment Association (REIA) and is a National Board of Director of the Tourette Association of America (TAA) where he chairs the board nominating Committee and serves on the TAA Executive Committee. Mr. Barron is a former chair of the TAA.

Over the last forty-two years, Mr. Barron has been self-employed in the area of real estate investment, development and management and a principal of Barron Development LLC.  Currently, Mr. Barron specializes in low, moderate and market rate housing for the frail elderly with a concentration on Supportive Living Facilities, (“SLF’s”) (Assisted Living Facilities licensed for both Medicaid and Private Pay residents).  In this space Mr. Barron’s facilities include Heritage Woods of McHenry, Heritage Woods of Gurnee, Heritage Woods of Decatur and White Oaks Memory Care of McHenry (created to care for Alzheimer/Dementia residents). In process is the development of a 150-unit SLF in Des Plaines, Illinois.  Mr. Barron also owns and manages a Real Estate portfolio, which includes industrial, retail, conventional residential and commercial buildings throughout the State of Illinois.

Judd Barron serves as a Development Associate at Barron Development LLC. In this role, Judd is responsible for evaluating new development opportunities, performing financial analysis and due diligence, coordinating financing structures, and assisting in the asset management of Barron Development’s portfolio. His work focuses primarily on multifamily and affordable housing developments, including projects utilizing tax-exempt bonds and Low-Income Housing Tax Credits (LIHTC).

Judd began his career in 2016 as an Investment Analyst at Marc Realty, a full-service commercial real estate company that owns and manages a portfolio of more than 40 office buildings in the Chicago area and invests as a limited partner across multiple asset types. As an analyst, he performed financial modeling and investment analysis for the firm’s retail, hotel, and mobile home park investments.

Judd later transitioned into a Leasing Agent role at Marc Realty, where he helped negotiate and execute more than 140,000 square feet of office leases in Chicago’s northwest suburban market.

Judd graduated from the University of Michigan in 2016 with a degree in English Literature and a minor in Entrepreneurial Studies. He is a member of the Illinois Housing Council and serves on the Young Leadership Division Board of Directors for the Jewish United Fund of Chicago (JUF). Judd is also a licensed Real Estate Broker in the State of Illinois.

Teri Mortel is a native of Chicago and has been the Chief Financial Officer for Barron Development LLC for the past thirty years. As such, her overriding responsibility is to operate Barron Development’s “back office”.  These responsibilities include, but are not limited to financial decisions, accounting and tax return administration, issues relative to compliance, document procurement and management and lease administration. Teri acts as liaison to various third parties: lenders, attorneys, tenants and management.

Mrs. Mortel is a certified yoga instructor and a graduate of the French Pastry School in Chicago. In addition to these extracurricular activities, she is currently enjoying learning to play guitar at the Chicago School of Music.