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Aer | Austin, TX (2026)
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Company History

Narrow Road is an Austin-based investor, developer, and operator of multifamily residential real estate founded by Anthony Clarke in 2020 after a decade of experience in institutional real estate investment. Our name stems from our commitment to walk alongside our investors, forming meaningful relationships built on a sense of trust and focus on the future.

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Narrow Road Team

Headshot of Anthony Clarke, Founder and CEO of Narrow Road Group.
anthony clarke

Founder and CEO
Headshot of Griff Whalen, President of Narrow Road Group.
Griff Whalen

Co-Founder and Chief Development Officer 
Headshot of Mark Larson, Chief Financial Officer at Narrow Road Group.
Mark Larson

Chief Financial Officer 
Headshot of Mark Baugmarten, Head of Asset Management at Narrow Road Group.
mark baumgarten

Partner, Asset Management
Headshot of Case Lowry, Vice President of Narrow Road Group.
Case lowry

Partner, Investments 
Ellipse 15
Alex Condos

Partner, Development
SarahWhalen Headshot
Sarah Whalen

Controller
Taran Headshot
Taran Garza

Senior Asset Manager
Bradley Stahl Headshot
Bradley Stahl

Development Associate

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Headshot of Anthony Clarke, Founder and CEO of Narrow Road Group.

Anthony Clarke

founder & CEO

As CEO, Anthony is responsible for leading Narrow Road’s strategic planning and growth across all business activities – development, investments, and property management. Anthony is a Chicago native, and graduated from Stanford University with a Master’s and Bachelor’s degree in Civil Engineering.

Before founding Narrow Road, Anthony spent eight years in real estate private equity, most recently as a Senior Vice President in PIMCO’s Austin office. At PIMCO, Anthony completed over $5B of real estate transactions primarily in the residential sector, including over $300M of multifamily projects in Austin. Prior to PIMCO, Anthony worked at Walton Street Capital & Kennedy Wilson.

Headshot of Griff Whalen, President of Narrow Road Group.

Griff Whalen

Co-Founder and Chief Development Officer

Griff Whalen is Co-Founder and Chief Development Officer of Narrow Road Group, where he leads all land use, entitlement, predevelopment, and ground-up development activities across the firm’s portfolio. Since the firm’s inception in 2020, Griff has assembled, entitled, capitalized, and launched the start of construction on more than $250 million of multifamily development, representing 750+ units currently under construction. He continues to advance a $2.5+ billion, 6,000+ unit development pipeline. Griff has successfully navigated more than 30 zoning cases across complex market-rate, affordable, and public-private partnership projects. Originally from Ohio, he holds a B.S. in Engineering from Stanford University where he played football and then went on to a seven-year NFL career. 

Headshot of Mark Larson, Chief Financial Officer at Narrow Road Group.

Mark Larson

Chief Financial Officer

Mark Larson serves as Chief Financial Officer, with executive oversight of the company’s accounting, finance, tax, human resources, and information technology functions. He also manages key relationships with capital markets stakeholders and private equity partners.

Before joining the firm, Mark was Executive Vice President and Chief Financial Officer at Trinitas Ventures, a leading developer of by-design student housing and mixed-use communities. As a member of the Investment Committee, he helped shape capital allocation decisions across the firm’s development pipeline and operating portfolio. In his executive role, he led accounting, finance, asset management, HR, and IT across a national portfolio that grew to more than 15,000 beds, with responsibility for institutional capital raising, debt structuring, and joint venture partnerships. Prior to Trinitas, Mark served as Director of Financial Planning and Analysis for the West Region of General Growth Properties, Inc., where he had full oversight of financial planning and performance management for more than 140 regional and super-regional malls.

Over his 28-year real estate career, Mark has played a leadership role in more than $8 billion in acquisitions, $5 billion in secured property refinancing, and $3 billion in development investments across student housing, multifamily, retail and commercial real estate.

Mark earned his degree from the University of North Florida.

Headshot of Mark Baugmarten, Head of Asset Management at Narrow Road Group.

Mark Baumgarten

Partner, Asset Management

Mark is responsible for optimizing Narrow Road’s investment portfolio performance through strategic vision, data-driven decision making and operational excellence. He ensures assets meet financial targets while implementing value-add initiatives that maximize investor returns.

Before joining Narrow Road, Mark served as EVP, Property Management for Trinitas Ventures, overseeing a staff of 150 managing a $1.5B portfolio with $75M in annual revenue. Prior to Trinitas, Mark was Director of Property Management for American Tower Corporation and VP of Development, Residential Mixed-Use for General Growth Properties. Mark graduated from the University of Illinois with an Executive M.B.A. and Michigan State University with a B.A. in Socioeconomics. He is a licensed Real Estate Managing Broker and a member of ULI, NMHC, and NAA.

Headshot of Case Lowry, Vice President of Narrow Road Group.

Case Lowry

Partner, Investments

As partner, Case leads the firm’s investment and growth initiatives, directing acquisitions, capital allocation, and sourcing and structuring investment opportunities while cultivating strategic investor relationships. Over his career with the firm, he has been involved in 40+ transactions representing more than $300 million in acquisitions and over $250 million in development activity. He is a Texas native who grew up in Dallas and graduated from the University of Texas at Austin, where he majored in both Finance and Plan II Honors. He joined Narrow Road directly after undergraduate.

Alex Condos

Partner, Development

Alex is a multifamily development executive with over three decades of experience sourcing, entitling, and delivering institutional-quality housing across Texas and the broader Sun Belt. He has led or consulted on the development of more than 5,000 units (including over 2,000+ units in Austin) with total project costs exceeding $800 million, including high-rise, suburban, market-rate, and LIHTC communities. Alex brings deep expertise in site selection, entitlement strategy, capital structuring, and design execution. His portfolio includes award-winning developments such as Westover Oaks in San Antonio and The Prescott in Austin. Prior to joining Narrow Road, Alex held senior roles at Richman Southwest Development, Cambridge Development, Post Investment Group, and Alliance Residential. He holds an MBA from the University of Chicago Booth School of Business and a BA from the University of Texas at Austin.

Sarah Whalen

Controller

Sarah Whalen serves as Controller, Property Accounting, overseeing Narrow Road’s property accounting processes. She prepares and reviews monthly financial packages for the firm’s internally managed assets. She also works with the firm’s third-party accounting partners, overseeing their monthly review and close. Sarah coordinates treasury and property-level cash movement and administers investor accounts, including capital calls, contributions, and distributions. She works closely with the CFO, Asset Management and Development teams on forecasting and diligence, and helps manage annual tax filings for Narrow Road entities. She joined Narrow Road in February 2023 and stepped into the Controller role in September 2025.

Sarah brings more than three decades of accounting, finance, and business advisory experience. She previously served as Controller and CFO of Cargotec Inc., where she led accounting, budgeting, and HR and reported to parent companies in Finland and Sweden. She also spent eight years in public accounting, rising from Staff Accountant to Accounting Manager. There she oversaw GAAP-compliant financial reporting along with corporate and partnership tax preparation. In addition, she has long run her own consulting practice advising businesses on finance, operations, strategy, and tax.

Sarah is proud to claim the University of Michigan as her alma mater. When she isn’t keeping Narrow Road’s books, she’s most likely spending time with her treasured granddaughters.

Taran Garza

Senior Asset Manager

As Senior Asset Manager, Taran is responsible for the day-to-day operations of Narrow Road’s multifamily portfolio. He brings six years of commercial real estate experience, the last five in asset management. Taran began his asset management career at The Dinerstein Companies, where he worked across multifamily, build-to-rent and student housing. He has worked closely with developers throughout his career, overseeing the move of 10 development projects into operations and handling numerous acquisitions and dispositions. A Texas native born and raised in Houston, Taran holds a BBA in Finance from Texas A&M University and an MS in Finance from the University of Houston, with a focus on commercial real estate finance.

Bradley Stahl

Development Associate

Bradley supports Narrow Road’s development activities, including underwriting, due diligence, entitlements, design coordination, and construction oversight. His experience spans multifamily, student housing, and affordable housing projects, from initial feasibility through construction and delivery. He has been involved in development projects representing more than $1 billion in total capitalization.

Before joining Narrow Road, Bradley held development roles at Aspen Heights Partners and Madhouse Development, where he worked on projects across Texas and other U.S. markets. His responsibilities included managing consultants, coordinating entitlements, overseeing project budgets and schedules, and construction administration. He also worked in financial planning at American Campus Communities. Bradley graduated from the University of Texas at Austin with a Bachelor of Business Administration in Real Estate Finance.