DALLAS, TX - Riverstone Residential, the largest privately owned residential property management company in the United States and a CAS Partners company, has announced the appointment of Mike Dow as executive vice president of its Western operating division. He is responsible for leading four California regional offices for the company, including South Coast Metro and Santa Monica in Southern California, and Sacramento and San Francisco in Northern California.
Since joining Riverstone Residential last fall, Mike Dow and his team have brought in over 8500 units of new business in cities throughout California, including, San Francisco, Sacramento, Los Angeles and Berkeley.
In his new role, Mike is responsible for a portfolio of more than 25,000 apartments located throughout California. He works closely with property owners and their representatives to determine strategic revenue goals, and works with property management operations to deliver exceptional customer experience to the residents. Mike oversees the performance of over 100 properties and more than 600 associates to achieve aggressive operational objectives and deliver optimal occupancy and net operating income.
"I'm pleased to have this opportunity to work with Mike after 15 years of friendly competition," said Christy Freeland, chief executive officer of Riverstone Residential. "As evidenced by Mike's recent business development successes, there's no better person to have leading our California team. He's not only dedicated to our company's success but is committed to achieving the investment goals of our clients."
Mike brings over 25 years of real estate experience to Riverstone. He most recently served as chief operating officer of FPI Management where he was responsible for oversight of a portfolio that included 50,000 units in California, Washington, Oregon and Nevada. He previously served as president of Group Interland Management Corporation, a San Francisco-based real estate investment and development company.
Mike Dow is also credited with building a world-class team of executives who have joined Riverstone Residential's California operations in recent months, including Lisa Whitesides as senior vice president overseeing Northern California, Laine Gomez as vice president located in Southern California, and seven regional executives, all formerly from FPI Management, Inc. Jeannette Lillibridge, has also joined the Southern California team as a vice president, reporting to Mike's senior vice president Craig Rooney.
"Mike's team has done an outstanding job of bringing their expertise to bear on the California market," explains Toni Portmann, chief executive officer of CAS Partners. "They will continue to transform the Western division of Riverstone Residential as they bring CAS Partners' proprietary services to property owners. These services differentiate Riverstone from other third-party property management companies and Mike and his team will provide breakthrough approaches to driving efficiencies and cash flow as investors strive to optimize the performance of their assets."
Riverstone Residential, a subsidiary of CAS Partners, is the largest privately owned residential management company in the United States. Focused exclusively on the delivery of world-class property and asset management services, the company manages a portfolio of assets valued at more than $25 billion for leading institutions, pension funds, developers and other major owners. Located in metropolitan markets across the nation, properties include high-rise, mid-rise and garden-style communities. The company is headquartered in Dallas, Texas.
Source: PRNewswire.com