DALLAS, TX – Riverstone Residential Group, the largest privately-owned, third-party multifamily property management company in the United States, has named 21-year industry veteran, Terry Danner, as President. Danner will report to Walt Smith, Riverstone's Chief Executive Officer, and oversee the company's property operations while Smith directs the global operations, business strategy, and board of director efforts for the organization. The division presidents for property operations in each region will report to Danner to ensure optimum property performance and cost-effective management of resources.
Danner has diversified and rich expertise in the property management industry and has been intimately involved with Riverstone since the organization's inception. Prior to this appointment as President of Riverstone's property operations, Danner served as Riverstone's Chief Administrative Officer, overseeing the administration of the company's 32 regional offices throughout the United States and as co-CEO for the western United States. Danner is also a member of Riverstone's Board of Directors.
Preceding Riverstone, Danner served as President and Chief Operating Officer for Trammell Crow Residential Services, and was responsible for the South Central region.
"I'm honored by Walt's confidence in me and excited to take a more focused and day-to-day role in property operations," said Danner. "I respect Walt immensely for his industry knowledge, vision, and goals for Riverstone. Working together with him and the other members of his executive team, we will continue to advance the company's long-standing reputation for quality to provide innovative, full-service multifamily property management services."
Along with Danner, Smith also confirmed other key members of his executive team: Christy Freeland, Chairman, MarySusan Wanich, Chief Operating Officer; Mel Barks, Chief Performance Officer; and Pal Ottesen, Chief Administrative Officer. Barbara Erhart and Michael Hoffman will continue as Chief Financial Officer and Chief Legal Officer, respectively. Through the executives' efforts and expertise, they will continue, under Walt's leadership, to help establish Riverstone as a local property and market expert with national strength and support.
"I am thrilled to have such a capable and committed executive team working alongside me," said Walt Smith, Chief Executive Officer, Riverstone. "I have had the pleasure of working closely with Terry during the last few years and have the utmost belief in his abilities, expertise in property management and dedication to property performance, clients, and Riverstone associates."
"A strong, productive internal structure and environment are essential to achieving our key company objectives, and this executive team is integral to our success," added Smith.
Riverstone Residential Group, a subsidiary of CAS Partners, is the largest privately owned third party residential management company in the United States. Focused exclusively on the delivery of unparalleled property management services including media and marketing services, capital improvement management services, utility management services, resident screening and collection services, and purchasing services, the company manages a portfolio of assets valued at more than $15 billion for leading institutions, pension funds, developers and other major owners. Located in metropolitan markets across the nation, the more than 700 managed properties include high-rise, mid-rise, and garden-style communities in both conventional and affordable assets. The company is headquartered in Dallas, TX.
Source: Riverstone Residential Group