BOSTON, MA - Trammell Crow Residential (TCR), America's premier multifamily real estate company and the only national group with more than 35 years of experience in apartment development, announced that it has established a new regional office in Boston, MA, to source and execute all new development opportunities in the Northeast Region. Andy Huntoon joins TCR as a Managing Director, having served most recently at GID, to provide Boston-based leadership for TCR's new regional operations.
"The Northeast region – and Boston, in particular – has a long-standing multifamily shortage driven by a strong, dynamic regional economy and increased demand for rental housing," said Leonard Wood, Jr., Senior Managing Director of Development at Trammell Crow Residential. "We are confident that TCR's high-quality living experiences and thoughtful design will be well-received in the Northeast market while providing a differentiated option for the region's growing rental market. Andy will be key to our success in this regard, and we look forward to leveraging his local market expertise, relationships and transactional experience."
During his tenure at GID, Andy's responsibilities included serving as Vice President & Director of Central Region Acquisitions, sourcing both stabilized apartment acquisitions and forming joint-ventures for the ground-up development of new multi-family assets in Texas and Chicago. This included closing $1.9 billion of multi-family assets in 22 transactions containing 9,500 units.
Prior to his real estate career, Andy was a Second Officer in the US Merchant Marine where he worked aboard cargo vessels. Andy holds a Master of Business Administration with a concentration in finance and entrepreneurship from Boston College and a BS in Marine Transportation from the Massachusetts Maritime Academy.
Trammell Crow Residential was founded in 1977 to develop, construct and asset manage multi-family rental communities. Since inception, TCR has developed over 240,000 multi-family units in most major markets across the country. Currently, the company owns over 15,000 apartment units nationwide with an additional 3,000 new units planned for construction later this year.
Source: Trammell Crow Residential / #Apartments #Multifamily