President of Capital Markets
David McKenney serves as President of Capital Markets for Apple REIT Seven, Inc., Apple REIT Eight, Inc., Apple REIT Nine, Inc. and Apple REIT Ten, Inc. Mr. McKenney also served as President of Capital Markets for Apple Hospitality Two, Inc. from its inception until May of 2007 when the Company was sold to an affiliate of ING Clarion and Apple Hospitality Five, Inc. from its inception until it was sold to Inland American Real Estate Trust in October of 2007. Mr. McKenney served in the same capacity for Apple REIT Six from its inception until it was sold to BRE Select Hotels Corp in May of 2013. Mr. McKenney has been with the Apple REITs since their beginnings and during that time has overseen seven public offerings of equity capital totaling $5.925 billion, an ongoing offering of $2 billion and a $425 million merger of two REITs. In addition, he oversees the Investor Services department of the Company.
Mr. McKenney brings more than 25 years of real estate experience to Apple REIT Seven, including more than seven years with Cornerstone Realty Income Trust, Inc., a REIT that owned and operated apartment communities in Virginia, North Carolina, South Carolina, Georgia and Texas. Prior to that time, he served as Chief Financial Officer for The Henry A. Long Company, a regional development firm located in Washington, D.C. and as a Controller at Bozzuto & Associates, a regional developer of apartments and condominiums in the Washington, D.C. area. Mr. McKenney also has five years of experience with Arthur Anderson & Company and is a Certified Public Accountant. Furthermore, he holds a Virginia Real Estate Sales License, and is a member of the National Association of Real Estate Investment Trusts and the National Investor Relations Association.
Mr. McKenney holds Bachelor of Science degrees in Accounting and Management Information Systems from James Madison University in Harrisonburg, Virginia. He and his wife reside in Richmond, Virginia with their three daughters.