Art May

founder and principal

As Founder and Principal of Keystone Development Group, Art G. May possesses over 30 years of experience in all facets of the real estate development and construction industries. He has extensive expertise in structuring transactions, financial modeling, public private parthershps and development management. Art has managed a portfolio of projects consisting of market rate multifamily, affordable housing, hotels, R & D, and office development for various partners and clients.

Prior to forming Keystone Development Group, Art was Vice President of Development with the Kimpton Hotel and Restaurant Group, managing acquisition and hotel development in several east and west coast markets. He also served as Regional Vice President for Security Capital Group, developing extended-stay hotel studios and Vice President for SCG Multifamily Development, developing multifamily housing. Prior to these positions, Art served as Vice President and CFO for Western Development Group and project manager for a Seattle-based general contracting firm.

Art received an MBA from Stanford University Graduate School of Business and earned a BS in Construction Management, cum laude, as well as a BA in Architecture, cum laude from the University of Washington. Art is an active member of the Urban Land Institute, a board member of the Stanford Business School Alumni Association and is also a Certified Green Building Professional.

Grant Freeman


Grant Freeman has over 30 years of experience in the commercial real estate industry. His specialties include brokerage services for acquisitions and dispositions, as well as transaction support including financial underwriting, valuations and tenant due diligence. Grant also has expertise in asset management, project level debt and equity financing, in addition to develop portfolio feasibility. and his product knowledge spans from office, residential, hotel, retail and land development.

During his career, Grant has represented many notable clients in significant transactions and consulting engagements, and was a managing director for Jones Lang LaSalle and The Staubach Company.. He also served as chief financial officer of Makrar Properties. Grant earned a BS in Accounting from Pepperdine University, Malibu. He is a California Licensed Real Estate Broker and Certified Public Accountant.

Ed Hernandez


Ed Hernandez has over 15 years of real estate experience that is steeped in the Six Sigma methodology pertaining to sales finance and strategy. His specialties include land acquisition, as well as financial analysis and due diligence. Prior to affiliating with Keystone Development Group, Ed was Land Acquisition Analyst for John Laing Homes and Financial Analyst for D. R. Horton, Inc., both residential developers.

Ed earned an MS in Organizational Development with honors from the University of San Francisco, an MBA in Strategic Management from California State University, East Bay and a BS in Financial Management from California State University, Long Beach. He also holds a Real Estate Development Certificate from the University of Southern California and is a California Licensed Real Estate Broker. Ed is also fluent in Spanish.