Meet the Team

Over 25 years experience with the right mix of real estate, investment, technology, government, and community knowledge.

John Green

Managing Principal


A co-founding principal of Blackstar Real Estate Partners, John Green directs firm-wide strategic planning, and leads the investment management efforts. John has over 18 years of real estate and finance experience, and has managed approximately $5 billion in commercial, multifamily residential and mixed-use properties in greater Washington, D.C.; New York City; Baltimore; San Francisco; and other major metropolitan areas within the United States. For the decade prior to founding Blackstar, he served as Managing Director for MacFarlane Partners, a San Francisco based real estate private equity firm. In that role, John led all investment and asset management activities in the East Coast markets, which included acquisitions, dispositions, and financing of property investments. He also oversaw the development process of projects undertaken by the firm and its joint-venture partners. Overall, he was responsible for managing a portfolio consisting of over 2.75 million sf of commercial space, 7,500 apartment units, 400,000 sf of retail, 1,000 hotel keys, and over 10 million sf of potential development. Prior to joining MacFarlane Partners, John worked in the real estate development group of The Community Builders; and as an investment banker at Goldman, Sachs & Co. He also managed the business development efforts at Viacom Inc.

John earned his MBA from Harvard Business School and MPA from Harvard Kennedy School. He also holds a BS degree in Systems Engineering from the University of Virginia.

Erik Sten

Chief Investment Officer


Erik was a four-term, elected City Commissioner, in Portland, OR from 1996 to 2008. In this role, he served as both policy maker and manager with executive authority over city Departments including the city’s Bureaus of Housing and Community Development, Environmental Services, Fire and Rescue, Water, Emergency Management, Energy and Cable and Franchise Management. As Housing Commissioner, he led and implemented one of the nation’s most comprehensive affordable housing agendas, which included strategies on chronic homelessness, income integration, workforce housing, homeownership for underserved communities, transit-oriented development, green building, sustainability, housing first, service enriched housing, the schools/housing connection and veterans’ housing. Erik has also been the founder and president of Further Development and Further Opportunity, two related private companies aimed at creating and executing entrepreneurial strategies to solve persistent housing problems. He also serves as a senior advisor to Strategies 360, the NW’s premier public affairs firm.

His private companies have invested $60 million on behalf of the State of Oregon and private investors to help struggling homeowners and prevent foreclosure through the purchase of distressed mortgages and homes.

Sten has a bachelor’s degree from Stanford University and is a graduate of leadership training at Harvard’s Kennedy School of Government. He served as a Distinguished Urban Fellow for the Living Cities philanthropic collective and has worked as a licensed mortgage originator and certified financial advisor representative. He was the Oregon Sierra Club’s Elected Official of the Year in 1999.

David Thurman

Principal, Investments


David co-founded and co-managed two successful for-profit, socially conscious consulting firms (Further 2 Development, LLC and Further Opportunity LLC) specializing in providing consumers with fair and sustainable mortgage modification strategies. As one of two managing partners, he has been directly involved in the execution of all loan purchase, loan restructuring and loan liquidation strategies that resulted in providing much needed assistance to families throughout various regions of the United States. On a combined basis, these two organizations purchased nearly $60 million in mortgages to assist struggling families with fair and sustainable restructuring strategies.

David also founded and managed a registered independent investment advisory firm (Reedwood Capital Management, LLC,”RW”) which offered investment management, financial planning as well as, sub-advisor selection and pension consulting services. As an Oregon registered advisor, RW managed approximately $5 million in individual and trust assets from 2011 to 2017. Prior to launching his business ventures, David served as Treasurer of the City Portland and City’s program director and was responsible for managing the city’s pooled investment portfolio.

David is a CFP® professional and received his Executive Certificate in Financial Planning from the University of Portland and holds a bachelor’s and master’s degree from Stanford University.

Toks Ladejobi

Principal, Investments


Toks has over 20 years of real estate and finance experience, managing more than $3 billion of assets on behalf of owner-operators and global investors. Toks was Vice President and head of asset management for The Wharf DC, where he was responsible for Phase I of the project, which features over 2 million square feet including hotels, office buildings, apartment buildings, retail and garage space. He was also Vice President, Investments and Asset Management for MacFarlane Partners where he oversaw a portfolio of 26 Washington D.C. area multi-family, office, hotel, and land properties valued at $1.4 billion. In this role, he managed the land acquisition, development, and disposition of a 307-unit mixed-use property. His experience also includes work as Senior Associate, Loan Modification and Asset Management for CW Capital where he led the business strategy for properties in the western U.S. and was responsible for dispositions of a five million square foot portfolio valued at $450 million.

Toks earned his MBA from the Wharton School at the University of Pennsylvania and is a Magna Cum Laude graduate of Morehouse College with a BBA. He is also a board member of Bread for the City, a Washington, DC community service organization.

George Scott

Principal, Capital Markets / Investor Relations


George Scott is a Principal at Blackstar focused on overseeing capital markets activities with respect to investor relations, equity sourcing, debt strategy and joint venture structuring.  George has over 25 years of real estate and finance experience, raising and allocating more than $3 billion on behalf of institutional investors globally.  Prior to joining Blackstar, George was a Senior Real Estate Investment Officer at New York Common Retirement Fund where he was primarily responsible for sourcing, structuring, negotiating and monitoring equity investments with both domestic and global fund managers, joint venture partners, operators and sponsors across various property types.  Prior to Common, George was the Director of Capital Markets at Urban Investment Partners, a multifamily investment management firm focused on investing in Washington, DC.  Prior to this, he was a Senior Manager in Ernst & Young’s Transaction Real Estate Practice specializing in underwriting, real estate structuring, due diligence and execution on both the buy and sell side.  George began his career as an analyst in the real estate investment banking group at Morgan Stanley and continued his focus to the real estate sector after business school when he joined Macquarie Capital/Security Capital Group, a platform focused on capital raising and investing in real estate operating companies.

Ingrid Beckles

Principal, Chief Operating Officer


Ingrid Beckles is the Founder and CEO of The Beckles Collective, LLC a Washington DC based executive consulting firm specializing Mortgage Banking, Housing Policy, Operations Process Optimization, and Compliance and Expert Testimony.  Ms. Beckles is the former Senior Vice President and Head of the Default Asset Management Division for Freddie Mac. Prior to Freddie Mac, Beckles spent ten years with PNC Mortgage Corp. of America with her final position being that of Vice President, and Head of the Credit Policy Division where she led the Credit Policy, Underwriting Policies, Quality Assurance, Appraisal Policies, Regulatory Compliance and Investor Resolution departments. Beckles has built / advanced her career upon the ability to effectively create, remediate and/or optimize functional areas, departments & divisions of federally regulated Fortune 100 & 500 organizations.


Ms. Beckles holds a combined B.S. in Accounting and Technology Management from The University of Maryland, UMC; Executive Certificates in finance and operations from The Kellogg School of Management, and the MIT Sloan School of Management, and has extensive Board of Directors service including serving as Audit Committee Chair. Beckles was named one of the Most Powerful Women in Business by Black Enterprise in 2010, has delivered numerous keynote addresses, and authored several articles for industry publications. Personally, Beckles has completed 4 full marathons, enjoys motorcycling, horseback riding, travelling, the arts, and reading.

Kofi Bawuah

Principal, Chief Technology Officer


As Chief Technology Officer of Blackstar Stability, Kofi Bawuah’s core mission is to enhance the company’s unique value proposition in the marketplace with modern technology. His focus is on helping to architect and develop intellectual property for the company as well as enhance traditional real estate business models with modern digital architectures. Kofi has over 18 years of experience in the technology industry. Kofi started his career as a consultant and technical architect for industry at Verizon and Marriott International. Most recently he has worked in several roles at Microsoft Corporation over the past decade. While at Microsoft, Kofi has worked on technology infrastructures from small, medium-sized business to large-scale enterprises across all major commercial industries. He has also worked as a Business Development Manager for emerging Microsoft products and cloud services. As a Business Manager in sales excellence for Microsoft’s public sector business across federal, state and local government, healthcare, and education, he oversaw forecasting and sales of over $3 billion in software and services revenue. Kofi’s experience extends beyond technology. He has assembled and manages a personal portfolio of residential real estate investments that has been focused on revitalizing depressed neighborhoods and is a licensed contractor with the Maryland Home Improvement Council (MHIC).

Kofi holds both an MBA and MS in Information Systems from John’s Hopkins. He earned his BS degree in Computer Science from the University of Virginia and he also holds a certification in Data Science.

Brian L. Carter

CPA, Fund Controller


Brian Carter is the Controller at Blackstar and responsible for managing the accounting operations of the organization including fund administration.  Prior to joining Blackstar, Brian worked at Abercrombie & Assoc, a CPA firm specializing in the non-profit industry, where he provided contract CFO services that included but not limited to financial and operational reporting, development of KPI’s / dashboard, cash management, budgeting / forecasting along with the supervision of the traditional month-end close.  In addition, Brian provided clients with auditing and tax services.  Prior to Abercrombie & Assoc, Brian began his career with one of the “Big 6” accounting firms and has more than 25 years’ experience.  He has held senior accounting and financial analysis positions ranging from senior accountant, accounting manager, controller, and vice president of finance, Chief of accounting and financial operations (CAFO), to Chief Executive Officer.  He has gained in experience in local, national and international, public and private, and for profit and not for profit organizations specializing in Workforce Development, Education, Technology, Publishing, Risk Management, and Accounting.  Brian earned his Bachelor of Science in Business Administration from Georgetown University.

Rachael Cortez

Property Management Specialist


Rachael Cortez is the Property Management Specialist at Blackstar overseeing all matters relating to the operations of acquired assets prior to mortgage conversion.  She interacts on a day-to-day basis with various third-party vendors including insurers, contractors, servicers, and brokers focused on resolving any outstanding matter that requires a response.  Rachael also interacts with residents to get an understanding of any concerns and she then works to involve the most appropriate internal or external resources to alleviate these concerns.  Prior to Blackstar, Rachael oversaw operations for Home America responsible for ensuring existing and new staff followed the firm’s focus on the most efficient and effective operational procedures.  Rachael has extensive experience relating to residential mortgages given the various roles at several mortgage lending firms in southern California.