HOUSTON, TX - INNOVATIVE Real Estate Companies has restructured to create additional emphasis on conventional multifamily in addition to student housing. INNOVATIVE’s principals – Doug Sherman, Michael Augustine and Jared Miller – are positioning the company for a period of strong growth in both sectors.
Under INNOVATIVE Apartment Living, the firm’s multifamily holdings are expected to increase with pending acquisitions and developments. The company is aggressively pursuing both value-add and core acquisitions in key markets – in addition to third party management opportunities.
“With our continued growth and success in student housing, expanding into multifamily is the next logical step in our evolution. We’ve built a strong operating platform ahead of our multifamily growth.” said Michael Augustine, President of INNOVATIVE Real Estate Companies.
As part of the company’s growth, INNOVATIVE recently hired Dana Caudell as a Regional Vice President based in Florida. Dana brings considerable conventional multifamily experience to INNOVATIVE. Prior to joining INNOVATIVE, she was responsible for operations of The Daniel Corporation’s multifamily division, Regional Property Director at Madison Apartment Group and a Regional Manager for Altman Management Company.
“We are fully committed to adding the best and brightest minds in multifamily and student housing operations to our team. Good enough just isn’t at INNOVATIVE. With the addition of Dana, we are poised to make some big waves in multifamily,” said Jared Miller, President of Multifamily Operations and Chief Marketing Officer. “Dana offers an incredible combination of passion, intelligence, know-how and a strong track record of success. We are fortunate to have her on our team,” added Miller.
In June, INNOVATIVE welcomed Mark Foraker as Executive Vice President, Student Housing. Mark is responsible for all student housing operations.
“We are very fortunate to continue to add top-tier talent to our team. INNOVATIVE has significant management, development and acquisition momentum. With several thousand student housing and apartment units under contract, we are ready for growth,” said Doug Sherman, Chief Executive Officer.
About INNOVATIVE Real Estate Companies
INNOVATIVE Real Estate Companies is a fully integrated family of real estate companies based in Houston, Texas with offices in South Florida, Park City, Utah, and Austin, Texas. INNOVATIVE is engaged in the management, development, acquisition and disposition of residential real estate. To learn more about INNOVATIVE Real Estate Companies, visit INNOVATIVErec.com.