Security Properties

For over 40 years, Security Properties has focused on multifamily investments and the stewardship of capital in a fiduciary capacity on behalf of thousands of private investors and numerous institutional investors. Our diverse portfolio of performing multifamily assets and senior management team with an average of 25 years industry experience provide an uncommon level of multifamily expertise.

Real Estate Specialization
Investment Type
Equity syndication/Club Deal
Acquisition/Fee Simple
Investment Style
Typical Deal Size
$5,000,000 - $10,000,000
Chief Investment Officer

David Dufenhorst

Mr. Dufenhorst has 25 years of experience in real estate including asset management, acquisitions, dispositions, development, joint ventures, financing, tax planning and accounting. Prior to joining Security Properties, he was the Managing Partner and President of the Torino Companies. During his 13 years at Torino he completed over $1.0 billion in transactions in Arizona, California, Colorado, Nevada, Oregon and Washington. He has also worked for an investment bank, a publicly traded real estate developer and a Big 4 accounting firm. He holds a Bachelor's in Accounting from the University of Idaho and a Master's of Real Estate Development from the University of Southern California. Mr. Dufenhorst is a licensed real estate broker, a licensed CPA, and a member of the ULI and National Multi-Housing Council.

Managing Director of Capital Markets

Edward McGovern

Mr. McGovern has over 17 years of finance and real estate experience involving private placements, investment sales of commercial real estate, securing predevelopment equity, pension fund advisory and high-rise and infill commercial real estate development. Prior to joining Security Properties in 2009, Mr. McGovern held investment positions with Schnitzer Northwest and Kennedy Associates. At Schnitzer, he was involved in the development and leasing of over two million square feet of commercial real estate in the Pacific Northwest. Over the course of his career, he has been involved with sales, capitalization and development transactions nationally in excess of $2.0 billion. He holds a Bachelor's of Science in History from the U.S. Naval Academy, an MBA from Columbia University and a Certificate in Construction Management from the University of Washington.

President and Chief Executive Officer

John Orehek

Mr. Orehek has served in various capacities within the Security Properties group of companies. He has been with Security Properties since 1982 and served as CEO since 2000. From 1982 to 1987, he was employed by Security Properties as President of First Columbia Corporation, its affiliated broker/dealer, and then as Senior Vice President of Security Properties. Previously, he was a member of the tax department at Arthur Andersen. He received a Bachelor's of Science in Economics from Allegheny College, Meadville, Pennsylvania, graduating magna cum laude, Phi Beta Kappa. Mr. Orehek holds a law degree from Case Western Reserve University School of Law, Cleveland, Ohio. He is a member of the ULI, the National Multi-Housing Council, and the National Association of Home Builders. Additionally, Mr. Orehek serves on the Board of Trustees of Childhaven, a Seattle-area non-profit organization that provides care and treatment for abused and neglected children ages one month to five years, as well as their families.

Madrona Ridge Residential

New York Life Investment Management LLC

Key Focus Areas
Acquisitions Asset Management Development Leasing Property Management Real Estate Investing Individual Investors Institutional Investors Tax Credits
Geographical Area
Mapped Location