Dewitt H. Smith III
President and CEO
Mr. Smith’s professional career spans four decades and covers a wide variety of commercial real estate disciplines including land development, construction, sales and leasing, asset and property management, financial analysis, financing and structuring complex investments. Devereux Management Company, a company he founded in 1986, is currently involved in commercial projects in five states.
Mr. Smith previously served as president and CEO of Cooper Realty Investments (CRI), a real estate operating company at which he managed a $450 million portfolio of Class A office, retail, mixed use and warehouse properties comprising 3.5 million square feet of commercial space. In addition to operating 100% owned properties, CRI formed a number of joint ventures and limited partnerships that were controlled and managed by CRI and capitalized with equity capital from both institutional and private investors. He also held executive positions with Fairfield Communities where he managed large scale recreation/retirement communities in both Arkansas and North Carolina.
He has served as an Adjunct Instructor at the Walton College of Business, University of Arkansas, where he taught Advanced Real Estate Finance and Investments at the MBA level and macroeconomics at the undergraduate level.
Mr. Smith is a licensed Professional Engineer, licensed Real Estate Broker, and a member of the National Society of Professional Engineers and the American Society of Civil Engineers. He serves on the boards of directors for the Washington Regional Medical Foundation, the United Methodist Foundation of Arkansas (past chairman), Mt Sequoyah Assembly (current chairman) and is a Commissioner for the Arkansas Martin Luther King Jr. Commission.
Mr. Smith holds a Bachelor of Science in Civil Engineering degree from the University of Arkansas, and a MBA from Harvard Business School.