GTIS Partners expands its development team for single-family homes for rent (“BTR”)

NEW YORK, June 8, 2021 / PRNewswire / – GTIS Partners (“GTIS”), a real asset investment firm that manages more than $ 4 billion in gross assets with a US focus on residential investments, announced to have hired Gary Davis, Bill Mumford, and Kurt rouse. they join Karatz teddy bear, Senior Director of Acquisitions and Development, and Scott Bordogna, Director of Asset Management, within the company’s single-family home construction platform to expand regional site and project sourcing and technical expertise and strengthen the internal development capabilities of the company. ‘business.

Gary Davis, Head of Development, will oversee the development of the company’s build-to-rent communities and most recently was Director of Development for Mack Real Estate Group, a vertically integrated institutional real estate developer, operator and investor. In this role, he oversaw the development and execution of six large multi-family projects across the country. Prior to his role at Mack Real Estate Group, Gary worked with Rob Vahradian, Partner and Head of US Investments at GTIS, at The Athena Group, a residential developer in New York, Washington DC, and South florida, as a partner and responsible for development.

Bill Mumford, Senior Director of Acquisitions and Development, will launch and operate from the GTIS office in North Carolina and be responsible for overseeing the acquisition and development in the Southeastern United States for the GTIS BTR platform. Bill was previously responsible for expanding the presence of Beechwood Homes to North Carolina. Beechwood is one of the nation’s leading private home builders, focusing primarily on the new York Subway station. Prior to Beechwood, Bill spent 17 years with Newland Real Estate Group, a leading national master plan development company, as Senior Vice President and Division Director. Monitoring New territories Charlotte office, Bill created and implemented the business plans for the company’s mid-Atlantic region comprising projects in the North and Caroline from the south and Washington DC markets, with total annual revenues between $ 75 and $ 90 million. During his tenure at New land, he led a team that included project vice presidents, project and construction managers, as well as marketing and operational support teams, and led the acquisition and development of over 14,000 lots.

Kurt rouse, Vice President of Development, will focus on project and development management for GTIS BTR projects in the Phoenix MSA. Kurt is a licensed general contractor with 30 years of experience in residential construction and real estate development. Previously, he was Managing Director at Morgan Taylor Homes, the largest builder of custom homes in Arizona in 2018, vice-president of operations at Méritage Homes and Ryland Homes, and Director of Purchasing at Engle Homes.

Tom shapiro, President and Chief Investment Officer at GTIS, said: “BTR is one of our most compelling investment ideas and we are investing in our own execution capabilities in order to seize the market opportunity. “

“I have known and worked with Gary for over 20 years, since Gary led development within the Athena Group,” added Rob Vahradian, Senior Managing Director and Head of US Investments at GTIS. “Gary has incredible design skills and extensive development experience that will add tremendous value to our business and our investors.”

Ed McDowell, Managing Director and Head of US Acquisitions at GTIS, said, “Bill and Kurt bring tremendous experience and relationships to our platform in some of our most trusted regions. We are delighted to see them join our team. ”

After having been one of the pioneers of investment in single-family rental space (“SFR”) in the aftermath of the housing crisis, GTIS is now moving towards the next frontier of SFR, by building large dedicated individual houses. . and townhouse rental communities. BTR combines the history of GTIS with SFR with its deep expertise in investment in the construction of housing and planned communities with the acquisition of nearly 50,000 housing units and plots planned since its creation on december 2020. By self-developing communities, GTIS intends to bring added value to its investors and consumers through a differentiated approach with communities designed from the start for the needs of tenants. Gary, Bill and Kurt have a long track record of success in real estate development and will further enhance GTIS’s vertically integrated BTR development platform.

About GTIS partners
GTIS Partners is a leading real estate asset development and investment company headquartered in new York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Paris and Munich. The company was founded in 2005 by Tom shapiro and is headed by the president Tom shapiro and senior general managers Thomas feldstein, Josh pristaw, João Teixeira, Rob vahradian and Amy boyle. The company manages more $ 4 billion in gross assets and is active in a wide range of real estate sectors including single and multi-family housing, offices, industry / logistics and hospitality, as well as investments in renewable energy infrastructure and areas opportunity. The company invests at various points in the capital structure, including credit, common stocks and structured stocks. In the United States, GTIS has invested in more than 130 assets in 40 unique markets, including growth areas such as Phoenix, Dallas, Houston, Denver, Atlanta, Tampa and Charlotte. In Brazil, GTIS is one of the largest real asset private equity firms with stakes including investments in office, residential, logistics, hospitality and renewable energy. São Paulo’s flagship assets include the Infinity office building and the Palácio Tangará, a five-star resort-style hotel.

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Media contacts
Steve bruce / Mary beth grover
CSA Advisors
(203) 992-1230
[email protected] / [email protected]


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