Principles 2017-08-16T19:28:49+00:00

Meet The Principles And Key Staff

Rick Banning
Rick BanningManaging Member, Sponsor
Cell phone: 302-893-1110

Mr. Banning owns and operates Seacoast Communities, LLC. a real estate development company with offices in Rehoboth Beach, De and  Charleston, SC . With more than 17years’ experience covering all phases of real estate development, property management and construction, Rick has successfully developed, built and managed single family homes, commercial projects, residential sub-divisions, and multi-family apartment communities. Rick manages all aspects of projects including feasibility, funding analysis, concept design, site approvals, engineering, site work and building construction. Mr. Banning is a principle owner and managing member of nearly $100 million in multifamily assets with ownership interest in another $35 million in assets.

Additionally, Mr. Banning is co-owner of Seacoast Community Management, a full service property management company which manages internal and 3rd party multifamily assets.

Coupled with extensive knowledge of real estate and development, Mr. Banning holds  hisMaster’s Degree in Business Administration, Wilmington University, Bachelor’s Degree, Wesley College, and Associate Degree, Delaware Technical and Community College.  Mr. Banning holds a Delaware Real Estate license and a member of several associations including Vice President of the Delaware Home Builders Association, member National Association of Realtors and National Apartment Association and the Urban Land Institute.

Mr. Banning lives in Charleston, SC with his wife and three children

Ronald T. Moore
Ronald T. Moore Partner/Sponsor
Cell phone: 302-236-9019
Mr. Moore carries over 40 years experience in construction and real estate development. This includes ownership of a major Delaware construction Company as well as development and construction of thousands of single family homes, multi-family communities, commercial buildings and institutional facilities throughout the surrounding five state area. Mr. Moore is actively involved in many industry related companies and organizations, holding board and chair positions including companies and organizations such as Fulton Bank, National Association of Home Builders and the Associated Builders and Contractors of Delaware.
Richard DemmittPartner/Sponsor
Mr. Demmitt has 32 years experience in developing residential and commercial projects in multiple states. He has developed over a thousand residential lots in Maryland, Virginia, Delaware and Colorado.  He has sold finished building lots to local and national builders.  He has developed neighborhood shopping centers of which he still owns part interest in 7 of them totaling over 450,000 square feet. He has built and sold over 200,000 square feet of office condos and owns 3
apartment complexes in San Antonio, Texas totaling 942 units.
Linda Smith
Linda SmithCOO/President Seacoast Community Management
Ms. Smith has over 25 years experience in apartment property management. She has successfully managed a portfolio of over 3,000 rental units responsible for all aspects of property management from new construction lease up through property stabilization. Ms. Smith has served as president of the Delaware Apartment Association and member of the National Apartment Association.
Jim Blount
Jim BlountPartner/Manager – Greenville,NC
Jim grew up in Greenville, North Carolina and graduated from the Virginia Episcopal School in Lynchburg, Virginia for high school in 1987. He received a BA from Washington College located in Chestertown, Maryland in 1992. He served as a staff assistant in the White House Office of Management and Budget in Washington, DC from 1993 to 1996. From 1996 to 1998 Jim served as a staff assistant in the United States Treasury Department. Jim moved into the private sector in 1999 where he became involved in investment capital funding for companies located in North Carolina. He resides in Greenville, North Carolina where he owns Blount Properties, LLC a privately owned real estate company founded in 2001 that specializes in university area housing for students and young
professionals. Jim also serves as a local partner and project development manager for Sidewalk Development, LLC an established real estate development company specializing in university town multi-family mixed use projects. He currently serves as a board member of Uptown Greenville – a non profit designed to
develop plans and implement actions to ensure revitalization in the business district. Jim also currently serves as 2017 Chairman of the University Neighborhood Association a non profit aimed at creating a more viable and sustainable neighborhood near East Carolina University and Uptown Greenville. Jim served as a board member on the Governor’s North Carolina Film Council, Boys and Girls Club of Pitt County and Greenville Rotary Club.
Carol RiggsController