Paul Gratzel
Chief Operating Officer

Paul Gratzel, a versatile executive with 25 years of experience in the operations of mid-sized companies, joined Devon in 2013.

His experience includes positions in the property management of commercial retail and office assets, as well as executive-level operational and financial management of large-scale mixed-use real estate development. Paul also served as Chief Operating Officer of a highly regarded New York City architectural firm.

Paul earned a Bachelor of Science degree in Business Administration from the State University at Albany, and a Master’s in Business Administration from Marist College.


Zeny Toledo
Director of Compliance

Zeny Toledo joined Devon in 2012 and has been in the property management industry for 15-plus years.

Her extensive experience includes managing and overseeing conventional and affordable housing, including many facets in multi-family and senior housing and an array of subsidy programs such as LIHTC, 236, Section 202, Congregate Care, HOME and Section 8. She has successfully managed rental lease-ups for rehab and new constructions.

Zeny is a NYS Licensed Realtor, and has earned designation as a Housing Credit Certified Professional (HCCP) and Tax Credit Specialist (TCS). She earned an Associate’s Degree from Monroe College.


Anthony Cipollone

Anthony Cipollone, who joined the company in October 2013, has been a Certified Public Accountant in the state of New York since 1993.

Anthony has more than 30 years of accounting experience in a variety of industries, including telecommunication, construction, not-for-profits, and waste management.  He also has public SEC financial reporting experience with NASDAQ and New York Stock Exchange companies, and is well versed in Sarbanes-Oxley process management, XBRL reporting, and general business management skills.

During his career, Anthony has implemented a variety of accounting systems designed to improve process efficiencies, accuracy, and timely reporting. He started his career as a public accountant and worked for five years with the firm of Rosen Seymour Shapps Martin & Company LLP.

Anthony earned a Bachelor of Science degree in accounting from Herbert H. Lehman College, and an Associate’s Degree in Data Processing from Westchester Community College.


Heather Mohr
Director of Site Operations

Heather, who joined Devon as a Property Manager in 2012, has worked in property management for five years, specializing in the Tax Credit Program. In 2014, Heather was promoted to Assistant Compliance Manager.

Heather has earned the following designations: Real Estate Salesperson, Certified Occupancy Specialist, Site Compliance Specialist, and Tax Credit Certified. As an Assistant Compliance Manager, she oversees file maintenance and compliance reporting for all properties managed by Devon Management.

She received her Associate’s Degree from Sullivan County Community College.