2026 Women in Commercial Real Estate: Stephanie Melowsky, Orange Bank & Trust Company

What was the most rewarding project or deal you’ve worked on in the past 12 months, and why?

This year, I refinanced a deal that was the catalyst for a family to begin their successful portfolio of shopping centers. They purchased the shopping center with a 60% vacancy and a need for extensive repairs, and we facilitated the distressed purchase by providing a 50% Loan-to-Cost ratio and a Line of Credit for renovations. Four years later, the property has a 5% vacancy and has more than tripled in value. This investment of time, care, and creativity in a high-risk venture proved to be a catapult into what is now a portfolio worth almost $100MM.

What trend or change in commercial real estate do you believe will have the biggest impact over the next five years?

The need for housing, as we all know, is a crisis, and converting office spaces (or land that was used for offices) into housing will be a smart investment. These new units should also include designated space for an in-home office (even if it’s a small nook near a window). This also includes not just building housing but also building mixed-use communities so that people do not have to travel far to meet simple needs like eating out, food shopping, recreation, and socialization. Community Centers with basketball/pickleball, etc. will be a huge draw for these communities.

What leadership lesson has made the greatest impact on your career?

The sign of a good leader in the organization is that no one can tell instantly who the leader is. As a leader, I try my best to engage everyone who is participating, no matter their role, and make sure they know how important their contribution is. This creates inroads for new leaders, which is, in my opinion, the most important role of a leader. Creating more leaders ensures that the organization is sustainable with a clear succession plan for future growth.

What advice would you give to the next generation of women entering commercial real estate?

Do your research and never be afraid to ask questions or attend an event. If you don’t feel like you belong, go anyway! You never know what one conversation may lead to. Also, we are living in the age of information, with so much available at our fingertips. Approaching a deal or employer without knowing everything about them is, by today’s standards, unacceptable. Always do your homework and look at every detail, including the people behind the property.