Richard Ashton

Managing Director

Richard Ashton is Managing Director of Liberty Multifamily, LLC, an integrated construction and development firm. He is a Certified Housing Credit Professional and has been the lead developer on multiple multifamily housing projects across the nation.

In addition, he is the president and founder of Leadership Development Council, Inc., a non-profit affordable housing developer, general partner and supportive service provider to low income families.

He provides affordable housing development and consulting services to community development corporations, nonprofits, developers, general partners and sponsors. In addition, he provides accounting and financial consulting services to growing companies in need of restructuring and capital project planning. He has participated in the development of commercial properties, master planned communities, multifamily, single family, industrial properties, recycling centers and community technology centers across the nation.

Formerly, he served as the principal accounting officer and director of energy for One Prime LP, a diversified real estate firm that developed affordable housing communities in Texas. He arranged more than $150 million in tax-exempt bond issuance and utilized more than $20 million in low-income housing tax credits. Prior to real estate development, he worked for XTO Energy, most notably with the post-closing team that closed the $1.1 billion Chevron-Texaco acquisition.

Ashton received his bachelor’s degree in accounting, with honors, from The University of Texas at Arlington, where he was a scholar in the inaugural cohort of the Goolsby Leadership Academy. He is a member of Leadership North Texas and founder of the Leadership Development Council, a non-profit affordable housing and educational charity that gives back to the housing communities he has created.

He was featured in the Follow the Leaders segment of the University of Texas at Arlington Magazine Winter 2007 Issue. In 2015, he was awarded the University of Texas at Arlington College of Business Alumni Outstanding Early Career Achievement Award. His most recent development, EMLI at Liberty Crossing was featured in Design Develop Construct Journal, Summer 2018 issue.