Michael E. Novelli is a co-founder and managing director of Ascension Commercial Real Estate, overseeing corporate structure and financing. In addition, he serves as managing director of Cypressbrook Company where he is responsible for the coordination of the company's development teams, capital transactions, marketing efforts, and equity financing activities.
Prior to joining Cypressbrook Company, Mr. Novelli served as a principal in various Cypress Realty, Inc. related projects in his capacity as president of The Esterbrook Company, a real estate development company based in The Woodlands, Texas. His duties as president of The Esterbrook Company include directing various land, industrial, office, and senior living development projects.
Before founding The Esterbrook Company, Mr. Novelli served as a principal with a Houston-based private equity company, where he was on the board of directors for several portfolio companies. From 1985 through 1994, Mr. Novelli was employed by the Trammell Crow Company. During his tenure at Crow, he rose from marketing representative to project partner to managing director. He participated in retail, industrial, office, and land projects in a variety of functions: development, marketing, financing, construction, and property management. At the time of his departure from Trammell Crow Company, Mr. Novelli was a managing director in the Chicago office.
Mr. Novelli received his Bachelor of Arts in economics from Rice University and his Master of Accounting from the Jesse H. Jones Graduate School of Business at Rice University. He received his Master of Arts in economics from Cambridge University.