Fairsted Advisors: Associates

From extensive family holdings and long-term family advising and high end resort developments to tax credits and financing strategies and public-private partnerships, Fairsted Advisors has access to a variety of professionals as projects require. Our network of individuals and firms with specialized expertise is extensive and allows us to provide a variety of services to families, operating companies and advisors under one contract. See below for some of our associated professionals.

Brent Pendleton


Brent Pendleton has over forty years of experience acting as an advisor and agent for family companies with significant land holdings, unique personal properties and high end international resorts. Brent works with leading U.S. and Latin American developers, investment bankers, legal firms, marketing organizations, architects and planners, and hospitality companies who specialize in reinventing family properties. He has also worked on small and large scale philanthropic efforts for family foundations where real estate is the central component.

Brent specializes in tapping into his vast network of development professionals and many years of experience to advise families on development teams and strategy. His career started with the Sea Pines Company of Hilton Head, SC where as head of their advisory group, he provided development teams to the Aga Khan in Sardinia, and later the Kuwait Investment Company in their acquisition of Kiawah Island.  In a project spanning two decades, he assembled the development team that repurposed the old Rockefeller Resort at Dorado Beach, Puerto Rico for the Pritzker Family. Currently he is advising the Pellas Development Group who have recently opened Guacalito in Nicaragua, as well as the internationally acclaimed Mukul hotel.

Brent is a Director of the Pellas Development Group in Nicaragua and Costa Rica, and a Director of Arco Capital Corp., an emerging market investment firm in San Juan, PR. He is also a member of the Recreational Development Council of the Urban Land Institute (ULI), and is Chairman of Cairnwood, a landmark hospitality center for the Bryn Athyn Historic District. He is a graduate of Lehigh University.  


Karl F. Seidman

Karl F. Seidman is an economic development consultant and senior lecturer at MIT's Department of Urban Studies and Planning with expertise in the preparation of economic development plans and strategies, the design, management, and evaluation of development finance and economic development programs, and the financing and supervision of complex development projects. His experience encompasses work in metropolitan areas, rural regions and communities, cities and urban neighborhoods, and medium-sized cities. He has also overseen public and stakeholder participation processes for over 25 economic development, downtown, and real estate development plans and projects. Relevant experience includes design, strategic planning, and evaluations of federal, state, and local economic development programs, preparation of 20 local and regional economic development plans, conducting market analysis and formulation of six downtown revitalization plans, and market, feasibility, and financial analysis for over 20 real estate projects.

He is a former CFO/Deputy Director of MassDevelopment, a state quasi-public affordable housing and real estate finance agency, where he oversaw new program development, program operations and financial operations, and helped design and implement agency strategic planning efforts.

Karl is also Senior Lecturer in Economic Development in the Department of Urban Studies and Planning at MIT. Karl is currently part of the national evaluation team for Living Cities' Integration Initiative and faculty director of CoLab's Green Economic Development Initiative. He is active in several professional associations and is President-Elect and a Board Member of Northeast Economic Developers Association. Karl teaches Financing Community Economic Development, Economic Development Planning, and Revitalizing Urban Main Streets. He is the author of Economic Development Finance,  Revitalizing Commerce for American Cities: A Practitioner’s Guide to Urban Main Street Programs, and Coming Home to New Orleans: Neighborhood Rebuilding after Katrina.