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Terry Quinn

Chief Executive Officer

With over twenty five (25) years in commercial real estate, Terry’s prior experience includes Trammell Crow Company and Arthur Andersen. Terry co-founded Dillon Corporate Services, Inc. (“Dillon”) in 1993, a real estate consulting firm focused on tenant representation. Dillon was purchased by Avison Young in November of 2013.

Terry has been involved as a principal in over 5 million square feet of transactions valued in excess of $2 billion. He has been involved in transactions on behalf of Altera and such clients as Deaconess Hospital, Triad Hospitals, Legacy Hospital Partners, CHS, Texas Capital Bank, and Nationstar Mortgage LLC.

Terry founded Altera in 2002 and has been instrumental in its growth. Terry spearheaded Altera’s portfolio acquisition of its 550,000 sf+, seven (7) building acquisition from Tenet Hospitals in December of 2011. Terry remains integrally involved in all acquisitions and strategic initiatives.

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Eddie Tillman


Eddie Tillman has been a leader for Altera in over 3 million square feet of portfolio acquisitions and dispositions throughout the United States. Eddie envisions each opportunity from the point of view of the buyer, seller and end user, allowing him to craft winning strategies that bring value to all parties. His unique insight as an expert in commercial leasing, combined with his client relationship experience, provides a strong foundation for evaluating the viability of a potential acquisition or development. This transparent, relationship based strategy is key to Eddie’s ability to analyze and underwrite opportunities and lead an effective team decision process.

Kent Smith

Managing Partner

Prior to joining Altera, Kent Smith served as a Managing Director at RCH Energy where he oversaw the institutional capital raising and investor relations efforts for the firm. Prior to RCH Energy, Kent was a Managing Director with Hayman Capital Management (founded by Kyle Bass) where he oversaw the institutional capital raising efforts for the firm. Kent has held marketing positions at Smith Group Asset Management, Ranger Capital Group and John McStay Investment Counsel. He began his career at Smith Barney where his focus was on corporate and institutional relationships. 

Kent holds a BBA in Finance from Dallas Baptist University and an MBA from Southern Methodist University, where he graduated with honors – Beta Gamma Sigma. 

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Mike Kennedy

Head of Strategy and Risk Management

As a Real Estate Development Principal and Investor with Altera, Mike Kennedy works with the team to identify, evaluate and execute acquisition and development strategies that provide exceptional returns to investors. Mike Kennedy brings 20 years of experience in the project visioning and economic analysis of Commercial and Public-Private Partnership (PPP) projects. Product types include Office, Multifamily, Hotel/Conference Center, Retail and Student Housing.

Mike holds a Master’s Degree in American Urbanism from The University of Virginia, with a career that has spanned Chicago, Washington, D.C, London, Guadalajara, Austin, and Dallas.

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Judge McStay


Judge McStay, a Principal at Altera Development, brings a robust portfolio of development and commercial real estate experience to the company. Throughout his 11-year tenure at Altera, Judge has focused on procurement, underwriting, financing, leasing and disposition of real estate. Active in the commercial real estate industry since 1998, Judge was a Senior Advisor at Cresa Dallas and is currently a Senior Vice President at Avison Young.

Prior to his career in real estate development, Judge graduated from Texas Christian University with a BS in Psychology and a minor in Spanish. He then attended the University of North Texas where he obtained a M. Ed. and managed a Residential Treatment Center for Hugley Hospital in Fort Worth, Texas. Following his time managing the hospital, Judge completed the Ranch Management Program at T.C.U. and founded an export company.

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Davidson Liland

Development Manager

Davidson Liland joined Altera Development in 2014 and has been involved in all of Altera’s projects, including Healthcare Office, Multifamily, Hospitality, Industrial, and Retail. As Development Manager he helps coordinate and manage the day to day activities of Altera’s projects. Davidson is dedicated to strategic development planning and construction. He strives to maintain the firm’s high standards of planning/construction and financing of development projects. Davidson graduated from the University of Alabama in 2011 with a B.A. in General Business. He has been involved in the real estate industry since he graduated.

Caleb Brooks

Vice President of Acquisitions and Dispositions

Caleb Brooks joined Altera Fund Advisors in February 2022 as Vice President of Acquisitions and Dispositions. Focused on researching, underwriting and transacting, Caleb works diligently with a keen attention to detail throughout all stages of the deal. Prior to joining Altera, Caleb worked at Avison Young specializing in office investment sales.

Caleb graduated from the Cox School of Business at Southern Methodist University in 2017 with a B.B.A in Finance. He has been involved in the commercial real estate industry since he graduated.

Joanne Runge

Vice President of Operations

Joanne Runge joined Altera Development in September 2022 and brings over 15 years of invaluable experience as our Senior Vice President of Operations. Her extensive background in the commercial real estate industry has solidified her reputation as an industry expert, making her an indispensable asset to our company. With a deep understanding of all facets of Altera Development, Joanne’s leadership and expertise drive our operations to new heights, ensuring our continued success in the ever-evolving world of commercial real estate. Joanne’s dedication and vison play a pivotal role in shaping our future endeavors.
David Quinn Headshot

David Quinn


David Quinn is an important advisor to the firm as it relates to all of Altera’s projects. During his tenure at Centex Corporation as Vice Chairman of the Board, David created Centex Development Corporation, which was responsible for over $1 billion in assets and over $500 million in ground up development. He also served as president of a $300 million private development company and was a partner at Arthur Andersen. In addition, David spent 20 years on the board for Zale Lipshy Hospital in Dallas, serving as its Chairman of the Board during the critical transitional timeframe when Zale Lipshy formally merged with University of Texas Southwestern Medical School. David remains on the Board at the University of Texas Southwestern Regional Medical School and Eagle Materials.

David brings a strong background of innovative development and operating management to the table, with significant knowledge of hospital operations and physician relationships.

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Jim Watkins


Jim Watkins brings an energetic work ethic and a high level of integrity to every project he undertakes. Jim is an expert in all project phases, from concept development and negotiation to facility completion, with over 40 completed projects totaling 1.8 million square feet. Prior to joining Altera, Jim served as VP of Real Estate Development for Triad Hospitals, where he was responsible for acquisitions, dispositions and medical office building development across the country. His unique experience in implementing successful physician recruiting strategies creates tremendous added value for our clients.

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Greg Langston

Board of Advisors

Greg Langston has been key advisor to Altera since its inception, bringing his broad expertise in commercial real estate, including financial analysis, build to suits, building sales/ dispositions, land acquisitions and equity origination.

Greg currently serves as Managing Director and Principal at Avison Young, with a focus on representing his corporate clients. He was a founding member of Dillon Corporate Services, Inc., with offices in Dallas, Fort Worth and Birmingham.

Greg’s professional credentials include Certified Commercial Investment Member (CCIM) designation from the Commercial Investment Real Estate Institute of Chicago. Greg is also an active member in the North Texas Commercial Association of Realtors (NTCAR) and serves on the College of Arts & Sciences Leadership Board and Alumni Council at the University of Alabama.