Riverstone Residential Group Announces New Senior Leadership Appointments in California

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Winsby, Dow to Oversee Company’s Expanding California Presence

“Winsby and Dow will be instrumental in developing strategies that maximize Riverstone's competitive advantage in California and West Coast region, while capitalizing on new opportunities," said Terry Danner, President, Riverstone Residential Group.

Riverstone Residential Group, one of the largest privately-owned, third-party multifamily property management companies in the United States, announces the appointment of two key leadership associates in California, Stephen Winsby and Susan Dow. Based in South Coast Metro, California, Executive Vice President Winsby will oversee Riverstone’s California-based property and corporate financial performance while leading the state’s client and associate support teams. Senior Vice President Dow, who will work out of the company’s Rocklin, California office, will monitor the company’s California property operations and performance.

“Stephen and Susan have long demonstrated the type of results-oriented leadership and organizational acumen that will help us to continue driving performance for our existing clients and leveraging further potential within the region,” stated Mike Dow, Riverstone Division President-West Region. “Their extensive experience in the West Coast multifamily industry highlights our commitment to placing local experts in key decision-making roles to optimize property growth.”

With 25 years of leadership and operating experience in the multifamily industry, Winsby’s areas of expertise include market-rate luxury and affordable lease-up activities, stabilized/institutional asset management, redevelopment and reposition/construction management, commercial and mixed-use assets, and acquisition and development from the third-party and owner-operator perspectives. A certified property manager, Winsby has administered multi-state portfolios on the West Coast and held leadership positions at Trammell Crow Residential, Simpson Housing, and Pinnacle Residential Properties. He sits on the board of directors for several housing-related nonprofit groups, and maintains active committee and leadership roles with IREM and multiple industry-related associations and trade groups. Winsby earned his Bachelor of Arts degree from California State University, Sacramento, with a major in marketing and minor in finance.

Dow most recently served as senior vice president for FPI Management, where she was responsible for a 20,000-apartment portfolio on the West Coast during her eight-year tenure. She has considerable experience administering lease-up properties, executing major exterior and interior renovations, hiring and training personnel, repositioning assets, developing yearly operating budgets, and managing cost-control and revenue-improvement programs. Prior to her career in the apartment industry, Dow worked as an executive for Gap Inc., where she managed the launch of the GapKids and BabyGap product lines on the company’s website, optimized brick-and-mortar and online merchandise planning and distribution, and implemented and launched multiple software applications for the planning and distribution divisions. Dow holds a Bachelor of Science degree in marketing from California State University, Chico.

For Riverstone President Terry Danner, the appointments of Winsby and Dow emphasize the company’s determination to strengthen its regional capacity and solidify its regional presence.

“As we continue to dedicate resources to expand our multifamily management services in markets throughout California and West Coast as a whole, it is paramount that we have the right leaders in place to drive steady and sustainable growth,” noted Danner. “Stephen and Susan will be instrumental in developing strategies that maximize our competitive advantage in the region while capitalizing on new opportunities.”

About Riverstone Residential Groups
Riverstone Residential Group, one of the largest third-party multifamily apartment management companies in the United States, is focused exclusively on the delivery of unparalleled property management as well as resident and ancillary services. Riverstone's core service groups include accounting, affordable housing, compliance and property audits, information technology, risk management, human resources, marketing and education, purchasing, and regional maintenance. Ancillary service groups include utility management services, resident screening and receivables management services, client and resident insurance, telecom services, and financial advisory services. The company manages a portfolio of multifamily 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 680 managed apartment properties include high-rise, mid-rise, and garden-style communities in conventional, affordable and receivership assets. The company is headquartered in Dallas, TX. For additional information, visit http://www.RiverstoneRes.com or e-mail ClientServices(at)RiverstoneRes(dot)com.

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