Donald DeVivo
Envoy Advisory Board

Mr. DeVivo serves as a Managing Director at Zesiger Capital Group LLC. For most of the 1980's, he was working for the United Nations providing research and advisory services to Boards of Investment in the area of foreign direct investment and capital market development. In 1990 he and a partner founded several ventures in Vietnam, including Indochina Building Supplies Pte. Ltd. and Megastar Media. Mr. Devivo initially joined Zesiger Capital Group in 2000 with responsibilities primarily as portfolio manager in the international sector. Between June 2005 and December 2008, he was a Managing Partner of Caravel Management. He re­joined Zesiger Capital as of January, 2009. In addition to his responsibilities for the emerging market portfolio at Zesiger Capital Group, Mr. Devivo also sits on the boards of LRM Industries, Apiqe Ltd., Envoy Net Lease Partners and Vanguard Hotels Pte. Ltd.

He received a B.A. in Physics from Vassar College and a Ph.D. in Philosophy from the University of Toronto. 

Ronald Max
Envoy Advisory Board

Mr. Max has 30 years of commercial real estate experience covering more than $5 billion of acquisitions, development and financing, including extensive experience with single-tenant net lease properties.

Previously, Mr. Max was with Geyser Holdings, LLC, as its Chief Operating Officer.  At Geyser, he helped establish and manage a $400 million portfolio of hospitality, multi-family and net lease retail properties. Prior to Geyser, he established an acquisition and development program for single-tenant, net leased retail properties at Captec Financial Group. Upon its IPO, Mr. Max became Chief Investment Officer of Captec Net Lease Realty, Inc., a publicly traded REIT on the NYSE that focused on single-tenant properties.

He received a Bachelor of Science degree in Accountancy from Northern Illinois University and is a Certified Public Accountant.

Allan L. Yusim
Envoy Advisory Board

Mr. Yusim was a former partner for two decades in the Real Estate and Finance Practice Groups at Patzik, Frank & Samotny Ltd., a Chicago-based law firm handling hundreds of net lease and other real estate transactions on behalf of various real estate funds and other clients. 

He has served as legal counsel for a group of public funds engaged exclusively in the acquisition and disposition of single tenant net lease properties, ranging from single sites to portfolios involving scores of sites spanning multiple states. Mr. Yusim represented real estate funds in all matters related to their businesses and consulted with clients regarding the tax-advantaged structuring of real estate transactions. He also represented commercial lending institutions and commercial borrowers on a regular basis. 

He earned both his undergraduate and law degrees from the University of Illinois at Urbana-Champaign. He was admitted to the Illinois State Bar in 1970, and is an active member of the Illinois State Bar Association.