Atlanta, Georgia (PRWEB) June 14, 2012
Gables Residential (http://www.gables.com), a leader in the management and development of multifamily apartment communities has announced the appointment of Sue Ansel as the company’s President and Chief Executive Officer.
Sue Ansel most recently served as Gables’ Executive Vice President and Chief Operating Officer. In her twenty-five year career with Gables, she has had oversight of operations, served in development roles and led important initiatives including the advancement of real estate technology efforts, third-party client services, and the establishment of the asset management group. Because of her exemplary leadership, Sue was chosen to fill the seat vacated by outgoing President and CEO, David Fitch.
David Fitch stepped down after having served ten years with Gables. “It is always a tough decision determining when the time is right,” said Mr. Fitch. “Times could not be more exciting than they are now as Gables is in the midst of launching an ambitious growth initiative. I felt that it was time for those who have served beside me to take the reins,” he noted.
Stephen Cordes, Chairman of the Board of Directors of Gables commented, “We thank David for his service, hard work and success in favorably positioning Gables for the future. We are fortunate to have tenured and talented leaders within Gables ready to assume new roles.” Mr. Cordes also noted, “Sue is well-respected in the multifamily industry and by investors, joint venture partners and institutional clients and will ensure a seamless transition of responsibilities within Gables.”
In addition to the elevation of Ms. Ansel to CEO, Gables also announced the following appointments:
“I am honored and grateful to the Board for the opportunity to lead this exceptional organization of dedicated and talented professionals," said Ms. Ansel. “This is an amazing opportunity that any leader would welcome."
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About Gables Residential
With a mission of Taking Care of the Way People Live, Gables Residential has received national recognition for excellence in the management, development, acquisition and construction of luxury multi-family communities in high job growth markets. A portfolio company of Clarion Partners in venture with Silverpeak Real Estate Partners, Gables Residential owns, develops and manages multi-family communities and mixed-use developments in Atlanta, Austin, Dallas, Houston, South Florida, Southern California, and metropolitan Washington, D.C. Additionally, it has third-party management operations in the Chicago, New York, Boston, Phoenix, Central and North Florida, and Washington State markets. Gables Residential enjoys a healthy portfolio with approximately 37,000 apartment homes under management, including a corporate-owned portfolio of 55 stabilized communities comprising approximately 14,200 apartment homes. An additional 9 communities are under development/lease-up, comprising approximately 2,600 apartment homes. Gables also has the ability to develop another 2,000 apartment homes through its shadow pipeline of undeveloped land owned. For more information please visit http://www.gables.com.