40 Under 40: Jess Molasky, Chief Operating Officer, Ovation Development

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Jess Molasky

Thu, Mar 28, 2024 (2 a.m.)

Jess Molasky is broadening the horizons of his family’s multigenerational legacy in Las Vegas with his knack for anticipating future trends and penchant for forging innovative paths. Molasky’s primary focus since joining the business in 2018 has been Ovation’s affordable senior housing. He believes that it’s a privilege to take care of those who have built Las Vegas into the city it is today.

Ovation, with Molasky’s leadership, is also dedicated to addressing the Southern Nevada housing crisis by closing the gap between supply and demand for affordable housing. With the conviction that everyone deserves a home to strengthen individuals, families and communities, Ovation has designed and built 34 market-rate and affordable communities with more than 8,000 units.

Molasky also prioritizes sustainability in development. Promoting what he calls the “Ovation Lifestyle,” Molasky implements eco-friendly designs that lower costs for residents such as rooftop solar panels in Aspire at Redwood, a near-complete multifamily market-rate rental community. These panels are anticipated to provide 70-90% of the electricity used by tenants. The property also includes low water-use landscaping.

The Molasky Family Foundation benefits from Jess Molasky’s fresh perspective as he helps direct donations, contributing to organizations such as Touro University, UNLV, Nathan Adelson Hospice and The Nature Conservancy.

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