Team Members

Larry Smith – Executive Managing Director

Larry founded Restoration Capital in 2007 and serves as its Executive Managing Director. Larry and the Restoration Capital team have been successful in acquiring some of the most sought-after real estate projects in our area, and developing them into upscale quality condominium homes for its customers. Their most recent acquisitions include Hatters Point Condominiums, a waterfront community offering its residents breathtaking views, The Village at Magnolia Shores, a 45-unit high-end condominium community and The Village at West Gloucester, a senior lifestyle community of 34 duplex-style condominiums. Hatters Point is located in Amesbury, MA and both The Village at Magnolia Shores and The Village at West Gloucester are located in Gloucester, MA. To ensure all facets of development meet the exacting standards required for their customers, Larry also serves as the Executive Managing Director for Hatters Point Capital, and Magnolia Reach Capital.

Prior to establishing Restoration Capital, Larry independently originated real estate transactions for firms such as Fortress Investments (Joint Venture Partner), Silver Point Capital and CIT Commercial Credit. He brings to Restoration Capital his extensive experience and knowledge of all facets of real estate transactions including the placement of equity, mezzanine debt, secured first lien debt, warehouse facilities and asset based loans.

Larry is the former CEO/President and Founder of Finagle A Bagel, a bakery wholesaler and retailer based in Boston, MA. He is also the former CEO and Founder of London Taxis North America, the exclusive distributor of London Taxi vehicles in the United States and Canada. In addition, Larry held various manufacturing and financial management positions within the Aircraft Engine Division of the General Electric Company for eight years. He holds a Bachelor of Science degree in Mechanical Engineering and Applied Mathematics from the University of Rhode Island, is a graduate of the General Electric Company’s Manufacturing Management Program, and has studied for an M.B.A. at the Carroll School of Management at Boston College.

In his personal time, Larry enjoys boating, skiing, running, biking and spending quality time with family and friends.



Thomas Schlosser – VP of Construction

Tom manages all construction-related activities for the real estate developments. Specifically, he oversees key development activities such as the initial conceptual designs, design implementation, budgeting, site work, infrastructure improvements and subcontractor management. Tom is also responsible for the day-to-day management of the site superintendents and construction support staff at each real estate development and serves as the primary liaison with government agencies.

For the past 17 years, Tom has constructed high-quality condominiums and single family homes throughout Massachusetts, New Hampshire and Maine. He is a graduate of the University of New Hampshire's Construction Management and Studio Art Programs, and has held a State of Massachusetts Unrestricted Construction License since 2009. Tom’s extensive experience and skills in the disciplines of Building Science, Design, and Project Management together with his commitment to quality ensure excellence is attained for the new homeowners and projects he serves. Tom resides in the Seacoast region of New Hampshire with his wife and two daughters.



Julia Dickinson – Corporate Controller

Julia began serving as the Corporate Controller for West Gloucester Capital, Magnolia Reach Capital, and Magnolia Reach Capital in January 2014. Julia brings more than 16 years of experience in accounting, finance and human resources, and utilizes the same disciplines to successfully manage all financial aspects of the company. She also serves as the liaison to the Home Owners Associations for the various real estate developments.

Julia is proficient in the management of all aspects of accounting and finance including, but not limited to budgeting, forecasting, reconciliations and cash-flow management. She also has extensive experience in the implementation and oversight of prudent internal controls and procedures. Her experience benefits both our accounting and human resources departments, and ensures excellence in the preparation of financial statements, generation and analysis of internal reports, product costing, variance analysis, inventory systems, asset tracking, and cash flow management. Julia prides herself on her dedication to the quality of reporting, data systems and customer service.

Julia is a graduate of the Arizona State University School of Business and holds a Bachelor’s Degree in Accountancy. When she isn’t working, Julia enjoys spending time with family and fishing in the waters off Cape Ann.



Joe Pappalardo – Project Manager

Joe serves as the Project Manager and Lead Superintendent for the Hatters Point condominium development. In this capacity, he is responsible for ensuring the detailed implementation of the building’s design, full compliance with all applicable government agency requirements, subcontractor adherence to specifications and scope of work and the overall quality of the building structure and its infrastructure.

Having worked in Real Estate Development for over 15 years, Joe has a wealth of experience in both administrative and hands-on construction work. Joe is a graduate of Merrimack College, and holds a Massachusetts Unrestricted Construction Supervisors License. His attention to detail and dedication to exceeding expectations enable Joe to consistently deliver homes of the highest quality both on schedule and within budget.

Outside of the office, Joe enjoys spending time with his wife and son at their home in Southern New Hampshire.