The Mahaffey Company: Proven Track Record


James Mahaffey and Mark Mahaffey
James W. Mahaffey and Mark T. Mahaffey are sons of company founder Thomas Mahaffey, Jr. (1910-1990).

A sound family foundation keeps company principals active in all phases and functions of the enterprise and creates stability and continuity that eschews titles and narrow lines of responsibility.

In addition to varied experiences throughout the company, each family member also enjoys a resident’s-eye-view, as each has lived in a Carlton Arms Apartment Community.


Jim Mahaffey was attracted to the apartment business through the energy and magnetism of Tom Mahaffey. Bidding farewell to Tulane Law School and Indiana School of Law, he chose to join his father in the creation of the Mahaffey Company. Carlton Towers in St. Petersburg was the first Mahaffey apartment development. Since 1962, Jim has been involved in all aspects of the development, construction and management of Carlton Arms Communities.

In 1969, Mark Mahaffey, a graduate of the University of Notre Dame and a U.S. Naval officer veteran, decided to join his father and brother in the family business. He became involved in all phases of the various Mahaffey Company Communities. The planning, development, construction, marketing and management of all Carlton Arms Communities are under the brothers’ joint control. Their most recent challenge is to prepare the third Mahaffey generation for continued sound leadership for the present and future years to come.


Third Generation

Mahaffey CompanyThird Generation Leadership

Dan Esterline

Grandson of founder, Thomas Mahaffey, Jr., possesses both a Bachelor of Science and Master of Business Administration from the University of Florida. He began his Mahaffey management career in 1989 as Executive Director at Carlton Arms of St. Petersburg. Upon transferring to the construction division, he gained valuable experience as the field superintendent of Carlton Arms in Ocala, Lakeland and Winter Haven. Dan now heads the construction division and has overseen the completion of almost 3000 apartments since 1998. He advises the development and management divisions.

Jane Link Ferguson

Granddaughter of Thomas Mahaffey Jr., began her company career upon graduating from the University of Vermont in 1979. After procuring leasing and management experience in Indianapolis, she transferred to Florida as the assistant property manager during the construction of Carlton Arms of Bradenton. Moving to St. Petersburg, she was the Executive Director of Lynn Lake Arms and Coquina Key Arms. Currently, Jane is involved in planning and execution of marketing and development.

Tom Mahaffey

Son of Mark Mahaffey, joined the company in 1997 after graduating from Elon University, first at Lynn Lake Arms, and then as Executive Director during the construction of Carlton Arms of Ocala. Afterwards he became the Executive Director at Carlton Arms Bradenton. Now based in the St. Petersburg office, Tom is involved in supervising management, planning and development.

William Mahaffey

Son of James Mahaffey, learned construction coordination at Carlton Arms of Bradenton and management skills in Indianapolis, St. Petersburg and Lake Carlton Arms prior to becoming the Executive Director at Carlton Arms of Magnolia Valley. Located in the Winter Park office, he directs new site selection, land acquisitions, development and construction activities working closely with municipalities on zoning and legal matters.


Additional Mahaffey Leadership

Additional Mahaffey Leadership

  • Suzanne Gray (1976), University of Tennessee graduate, is the Executive Vice President of the Mahaffey Apartment Company. Her responsibilities include financing, legal documentation, insurance, employee relations and property management supervision.
  • Rob Wolfson (1987), UF graduate in business management, is responsible for company-wide operations and property management issues, focusing on streamlining processes while encouraging each community to run as independently as possible.
  • Rick J. Barry (1987), USF graduate in business management, concentrates on land acquisitions and development, and is responsible for launching each new community from construction through pre-leasing and management.