SAN DIEGO, CA - San Diego-based Sunrise Management – which has specialized in the management of multifamily real estate since 1978 – has appointed Peter Richter as its new vice president of client strategy, adding a seasoned real estate executive with nearly two decades of experience in investor relations, capital raising, asset management and property management.
In his new role, Richter will help guide the company’s strategic growth initiatives, strengthen investor and client relationships, identify new business opportunities and support the continued expansion of Sunrise Management’s multifamily portfolio throughout California.
Richter brings a diverse background spanning real estate operations and investment strategy with a proven ability to align financial performance with long-term growth objectives. He was most recently director of capital markets and investor relations for La Jolla-based Interwest Capital, where he successfully placed over $92 million in equity and debt against a diverse portfolio of development projects and also oversaw investor relations for a portfolio exceeding $1 billion.
Prior to Interwest Richter was the director of investor relations and asset management for Davlin Investments, helping place more than $85 million in equity and facilitating the acquisition of over 1,300 apartment units throughout Riverside, Sacramento, Las Vegas and Phoenix. His experience also includes operational leadership of large multifamily communities in San Diego with UDR, Pinnacle International and Holland Residential.
“Peter brings an exceptional combination of institutional investment expertise and hands-on property operations experience,” said Theresa Cordero, president of Sunrise Management. “That rare perspective makes him uniquely qualified to help guide our next phase of growth while continuing to deliver outstanding results for our clients.”
He holds a Bachelor of Arts degree in interdisciplinary studies from Arizona State University.
About Sunrise Management: Founded in 1978, Sunrise Management is a privately-owned San Diego-based firm specializing in the management of residential real estate properties. For more information, visit www.sunrisemgmt.com