Senior Team


Troy T. Taylor, President
Atlanta, GA
(404) 423-8086



Mr. Taylor was formerly President of GMA Partners, Inc. an investment firm backed by a Forbes 400 family. In that capacity, he assumed the position of Chairman of 1-800-Auto-Tow, Inc., a publicly traded “roll-up” that experienced substantial financial and operational issues and ultimately filed Chapter 11. Mr. Taylor was previously a Managing Director at KPMG Peat Marwick LLP, where he was responsible for the firm’s corporate finance activities in the Southeastern U.S. and parts of Latin America.

Earlier in his career, he held various investment banking positions with Thomson McKinnon Securities, Inc., Oppenheimer & Co., Inc. and Morgan Keegan & Co., Inc. Mr. Taylor is a nationally recognized restructuring expert, speaking engagements include ULI, NAHB and state-wide banking and homebuilding associations.

Mr. Taylor holds an MBA and a BS (cum laude) from The Wharton School of the University of Pennsylvania and is a Certified Public Accountant (CPA)  (inactive). He is also a sustaining member of the American Bankruptcy Institute.

D. Clarke Ogle, Senior Managing Director
Birmingham, AL
(205) 995-2357



Mr. Ogle has been President and/or Chief Executive Officer of nine companies over the past 20 years ranging in revenue from $30 million to in excess of $3 billion, mostly on an interim basis. These assignments involved distressed situations that required substantial operational and/or financial restructuring both in and out of bankruptcy.

Mr. Ogle has been personally recruited for these positions by some of the country’s most sophisticated and well known institutional investors including Merrill Lynch Capital Partners, Citicorp Venture Capital, and affiliates of Lazard.

Mr. Ogle attended Gadsden Junior College and Marshall University. He is currently a Board member at Wheeling Pittsburgh Steel Corp. (NYSE: WPSC).


Ralph W. Lay, Senior Managing Director
Tampa, FL
(813) 644-0179



With nearly 30 years at Bank of America and its predecessors, Mr. Lay has been instrumental in real estate transactions approaching $10 Billion. Representative examples of the transactions he lead include Related Group, WCI Communities, Crescent Resources, Sea Island, Kiawah Island, Reynolds Plantation. Faison Properties, Pannatonni Group, and John Wieland Homes.

His most recent position at Bank of America was Senior Vice President Region Executive Real Estate Managed Accounts. He has been involved in some of the largest real estate syndications in the industry. His experience includes in depth knowledge of commercial real estate loans, condominium loans, home builder loans, and community development loans. Mr. Lay has done business across the US and in Canada and in the Caribbean. He has experience in multiple jurisdictions with litigation, bankruptcy, receivership’s, note sales, and restructures.

Mr. Lay is a 1973 graduate of the University of Texas at Austin and a Life Member of the Texas Ex-Students Association. Also, he is a member of the American Bankruptcy Institute.

Bill Darrow, Senior Managing Director
Phoenix, AZ



Mr. Darrow has over 40 years of real estate experience in senior positions in commercial/investment banking, principal investing and asset management. His experience includes extensive experience in both restructuring / repositioning assets and portfolios, and strategic planning.

Prior to joining Algon he provided consulting advice to one of the major German banks who was adverse to the Related Group (and Algon) in its $2.1 billion restructuring. For nearly 10 years he was a Managing Director with Wellsford Real Properties, Inc. a $4 billion real estate merchant bank.

Earlier in his career he held senior level positions with Chemical Bank, Prudential Securities, and Banque Indosuez and has completed transactions in excess of $8 billion.

Mr. Darrow holds a B.A. from the University of Notre Dame.

Larry S. Comegys, Managing Director
Tampa, FL
(813) 220-4630



Mr. Comegys is a homebuilding and land development veteran who has successfully initiated and implemented restructuring, repositioning and growth strategies for a range of companies from start-up to large established organizations. Mr. Comegys has worked for 25 years in every sector of the residential real estate industry from coast to coast.

Over the past 15 years he has served as President of Pulte Homes, Florida Region; President and COO of Jim Walter Homebuilding Group; and President of Meritage Homes, Florida Region. His experience includes all major consumer segments, including the construction of single-family, multi-family, and hi-rise products, as well as the development of large master planned communities.

Mr. Comegys holds an MBA from the Wharton School of the University of Pennsylvania and a BA from Drew University. He is a Full Member of the Urban Land Institute, serving on the Residential Council.

Travis Hendren, Managing Director
Charlotte, NC
(704) 277-3249



Mr. Hendren is leading the sale of Bluegreen Communities and led the restructuring efforts for the Related Group  and Altman Companies.  He has significant experience in real estate and related fields as well as with industrial companies.

He was formerly a Director in Wachovia’s Corporate and Investment Banking division where he spent 11 years focused on middle market industrial and construction companies. Over the last two and half years he was responsible for the firm’s building and construction materials investment banking practice.

His experience includes advising public and private companies and financial sponsors on M&A advisory assignments (sell-side and buy-side) and raising debt and equity capital.

Mr. Hendren holds a BSBA with distinction from the Kenan-Flagler Business School at the University of North Carolina.

Jay Clark, Managing Director
Tampa Bay, FL
(941) 524-1488



Mr. Clark was formerly a Managing Director with Navigant Capital Advisors, LLC, the Corporate Finance division of Navigant Consulting, Inc. (NCI:NYSE) where he was responsible for exclusive sale assignments and capital raising and also managed the firm’s Hedge Fund practice.  Prior to Navigant Mr. Clark headed M&A and Private Capital for Synovus Investment Banking, a subsidiary of Synovus Financial Corp. (SNV:NYSE).   Earlier in his 24 year career, Mr. Clark held various investment banking positions with GMA Partners, Legacy Securities and KPMG Corporate Finance.   Mr. Clark began his career in corporate banking with NCNB National Bank, now a Bank of America Company.  In additional to his role at Algon, Mr. Clark is also the President of FD Capital Advisors BD, LLC, a broker-dealer and a member of FINRA and SIPC.

Mr. Clark holds an MBA from the Goizueta School of Business at Emory University, and a BS in Finance (cum laude) from the University of Florida. He is an active member in the Association for Corporate Growth, has served as an expert witness and frequently participates in industry events as both speaker and panelist on investment banking topics.

Paul F. Rubin, Managing Director
Philadelphia, PA
(215) 570-8716



Mr. Rubin was formerly a Director for Century Business Services (CBIZ) and was active in the Corporate Recovery and Outsourced Financial Services Practice areas. Prior to CBIZ, he was a partner and CFO of Zelenkofske Axelrod & Company, LTD.

Early in his career, Mr. Rubin was associated with Touche Ross & Co. and Strouse Greenburg & Co., a Philadelphia based real estate developer. He has over 20 years of senior level finance and accounting experience including serving as a full-time CFO for manufacturing, service and distribution companies.

Mr. Rubin holds an MBA from The Wharton School, University of Pennsylvania (1984) and a BBA in Accounting (magna cum laude) from Temple University (1977) and is a Certified Public Accountant (CPA) in Pennsylvania. Mr. Rubin is also member of the American Institute of Certified Public Accountants and member of the Association of Insolvency and Restructuring Advisors.

Karen Burns, Managing Director
Tampa, FL
(727) 347-9077



Ms. Burns has led strategic planning, communication and marketing efforts for a range of companies during challenging periods of significant change. During her 20 year career she has consulted on corporate strategy, finance and competitive analysis cases for Fortune 100 companies. Her experience spans multiple industries and countries.

Recently she has been engaged in a wide range of real estate industry assignments including evaluation of distressed investing opportunities, hospitality/resort acquisitions, and management of 1031 exchange investments.

Ms. Burns holds an MBA in Finance and Marketing from the Wharton School of the University of Pennsylvania, and a B.A. (magna cum laude) in Economics from Villanova University. President, Wharton Alumni Club – Greater Tampa Bay; Member: Association for Corporate Growth; Turn Around Management Association; and American Bankruptcy Institute.

Back To Top

Janet Protas, Managing Director
New York, NY 9957
(917) 289-0797



Over the course of a 20+ -year real estate career which includes both institutional and principal-level start-up experience, Ms. Protas has led the charge for real estate valued at over $4 billion and worked on some of the country’s most high profile and distinguished assets. She has developed, repositioned and/or turned-around over 20 million square feet of office, retail and residential projects in markets nation-wide.

Most recently, Ms. Protas was the principal in charge of real estate at a Northeast-based investment firm that specialized in non-core and non-traditional development opportunities. . In addition to development expertise, Ms. Protas has a strong track record of improving operating performance of underperforming income-producing properties.

Ms. Protas holds an MBA from the Wharton School of the University of Pennsylvania and a BBA from the University of Texas at Austin. She is a full member of the Urban Land Institute and an Assistant Council Chair and member of its national leadership team.

Don Tucker, Senior Advisor
Landrum, SC
(864) 895-6007



After a career as a commercial litigator, with an emphasis on business, real estate, and public institutions spanning four decades, Mr. Tucker now provides business consulting services through his own firm. His experience as lead counsel served businesses at every level of state and federal courts throughout the country.

No longer involved in the active practice of law, Mr. Tucker now focuses on providing advice to businesses through both board participation and as a consultant, assisting in complex business planning, conflict resolution, litigation oversight, counsel selection, corporate governance, and business succession issues.

Mr. Tucker holds a BBA from the Ross School of Business Administration and a JD from The Law School, both at The University of Michigan. A former Michigan State Bar Commissioner, president of the Oakland County Bar Association (Michigan), Legislative Counsel to a United States Senator, and past President of the Swedish-American Chamber of Commerce-Detroit Chapter, Mr. Tucker served as Chair of the Michigan State Housing Authority for 8 years and presently serves on the Board of Directors of the Great Lakes Capital Fund.