Stonecrest Apartments

Stewart Grounds, CPA

Chief Financial Officer

Through a fortuitous twist in 2009, Stewart and Jimmy’s professional lives re-linked post AIMCO and they headed to the success we know today as Arnold-Grounds.

Stewart’s story actually begins much earlier when he graduated from University of Texas at Austin, with a B.A. in the Business Honors program and began his career as an auditor with Ernst & Young in Houston, Texas. His career path included multiple director and managerial positions including Crescent Real Estate Equities in Fort Worth, ProLogis in Chicago and Regional Vice President of Finance and then Operations for AIMCO’s Dallas Region managing a portfolio of 63 properties totaling approximately 15,000 units in Texas, Louisiana, Arkansas, and Memphis, Tennessee.

In 2009, Stewart joined Jimmy Arnold at Eureka Multifamily Group and brought the company back into compliance and established controls to the cash management function. Today, Stewart heads up the financial side of A-G and prides himself in providing clean, accurate, GAAP-compliant and understandable financial reporting to the end user. When Stewart is not at work, you will find him with family, volunteering at his church, and running in half-marathons.

“I consider it a noble effort to provide a safe, quiet residence for people to call home. In turn, if our apartment communities are filled with residents enjoying a safe, quiet lifestyle experience the properties will become more profitable. There is great satisfaction in seeing value delivered to the owners.”

– Stewart Grounds

Jimmy K. Arnold

President

Jimmy Arnold began his career in affordable housing in 1985 and has operated affordable and workforce housing communities across the country. His formidable experience includes being the Regional Vice President of the Western Affordable Region for REIT AIMCO. During his tenure he was responsible for a portfolio of 155 communities with over 12,000 units located in 22 states.

In 2009 Mr. Arnold took over the Eureka Multifamily Group portfolio and along with CFO Stewart Grounds, successfully turned the company around and expanded the business by over 500% and approximately 10,000 units thus establishing a name and reputation for quality operations.

Now Mr. Arnold and partner Stewart Grounds operate as Arnold-Grounds Apartment Management & Affordable Housing Specialists. From their headquarters in historic Grapevine, Texas, they now manage over 70 properties and over 6,000 affordable units located in 14 states.

“We are problem solvers and knew we could be successful operationally where others failed. There is no secret, it’s just a matter of applying our decades of experience of knowing how, when and what to do. We are honored and thankful to be able to make our style of operating available to both for-profit and non-profit owners alike. We like challenges.”

– Jimmy K. Arnold

Stonecrest Apartments