DEVELOPMENT TEAM BIOS

David R. Nelson, Jr.

David Nelson is Founder and President of Canvasback Management, LLC, and focuses on real estate opportunities across different asset classes. Currently, David is developing two single family home communities, Cedar Point and White Oak Landing on Lake Martin in Alabama, and overseeing a commercial redevelopment project in Jupiter, Florida.   Mr. Nelson has been involved in real estate and investment management for over fifteen years. Previously, David worked for Crowne Partners, Inc., where he focused on new apartment developments, construction supervision, management oversight and capital market transactions for the firm.

Mr. Nelson holds an MBA from the Ross School of Business at the University of Michigan and a BE, Cum Laude, in Mechanical Engineering from Vanderbilt University.

David is a past trustee for The Nature Conservancy of Alabama and currently serves on the board of the Rabbi Grafman Endowment Fund of Temple Emanu-El and the technical subcommittee of the Indian Spring School Board of Directors.  David is married and has two daughters.

Scott D. Lett

Scott Lett has been building homes on Lake Martin and the surrounding area since 2005.  A lifelong resident of the lake, Scott got his start in 1994 working in commercial construction.  After working in various capacities on residential and commercial projects, Mr. Lett found his love for building homes on the lake.  In 2005 Scott founded Lett Construction with his brother Jason.  Under Scott’s leadership, Lett Construction has completed small remodels to million dollar custom homes.  The Lett brothers expanded their family holdings in 2013 when they purchased Lake Martin Mini Mall.  Jason runs the day-to-day operations at Lake Martin Mini Mall, while Scott focuses on construction.

In 2014, Scott partnered with David Nelson & Stan Graves to develop and build a 24 home subdivision on Lake Martin called Cedar Point.

Mr. Lett is a licensed homebuilder by the Alabama Home Building Association.

Scott is married with 2 boys. He lives in Eclectic and is a member of Santuck Baptist Church.

Stanley L. Graves

Stan Graves graduated from Auburn University in 1967 and joined the Geological Survey of Alabama as a hydraulic engineer.  In 1970, he joined the family drilling company, which he purchased in 1976.  He served as CEO of Graves Well Drilling Company, Inc. until 1985, at which time the company was merged into Energen Corporation, a Birmingham-based energy holding company (New York Stock Exchange).  From 1985 until 1989, Mr. Graves served as Chief Operating Officer of Graves Drilling Company and in 1989 was named Vice President at Energen.

In 1990 Mr. Graves resigned from Energen and formed Graco Resources, Inc., which provides natural resources consulting and project development services in energy, minerals, water and environmental areas.  Later in 1990, he founded Graves Service Company, Inc., a full-service drilling and pump sales and service company.  It also provided water system management services.    The company was sold to BrownLee-Morrow Engineering on June 30, 2006.

In 1998, U.S. Clay, L.P. was formed to market oilfield and environmental products.  U.S. Clay was headquartered in Birmingham, Alabama, with grinding facilities in Brownsville, Texas, and mining operations in Brewster County, Texas.  Stan was president of U.S. Clay, which was sold to W.H. Energy in 2002.

Mr. Graves currently serves on the Board of Applied Ultrasonics, LLC, a technology company based in Birmingham and was Manager of Business Development of Atlanta-based Ultimate Abrasive Systems, LLC.  He is a board member of GeoMet, Inc., a Houston-based company engaged in the exploration and production of natural gas from coalbed methane. He also serves on the following boards: Help Lightning; McKinney ESOP; Reliance Financial Group; Water Science Technologies, Inc.; and Central Environmental Services, a Harbert Management portfolio company.  Since 2014, Stan has partnered with Scott Lett and David Nelson to develop property on Lake Martin known as Cedar Point and White Oak Landing.

Mr. Graves has been involved in numerous civic and professional organizations.  He is past Chairman of the Board of Innovation Depot and is currently a member. He is past Chairman of the Alabama Environmental Management Commission.  Other memberships include National Ground Water Association, Board of Directors and President; Auburn University Research Advisory Board; Alabama Geological Society; Alabama Ground Water Association; American Water Works Association; and American Institute of Mining and Metallurgical Engineers; Past Chairman, Nature Conservancy of Alabama.

Mr. Graves has published articles in the Oil & Gas Journal, the Water Well Journal, the SPE Journal, and other periodicals.