Riverstone Residential Group Names Peggy Bertsch Chief Accounting Officer

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New Role Reflects Bertsch's Deep Expertise in Property Management Accounting Roles

Peggy Bertsch, Chief Accounting Officer - Riverstone Residential Group

"We are pleased to recognize Peggy's expertise through this enhanced position," said Terry Danner, chief executive officer at Riverstone. "Her oversight will elevate the level of service we provide to our clients."

Riverstone Residential Group, one of the largest privately-owned, third-party multifamily property management companies in the United States, announces the appointment of Peggy Bertsch as chief accounting officer. In her new role, Bertsch will assume elevated oversight of Riverstone's treasury, finance, and accounting groups.

Bertsch formerly acted as executive vice president, accounting and management systems. In that role, she was responsible for overseeing Riverstone's client accounting group, charged with safeguarding assets and generating and analyzing financial data for clients and communities. In addition, she also led the management systems group, which provides clients and Riverstone associates with a broad range of tools to maintain best accounting practices, develop business strategies, and serve residents in an efficient manner.

Bertsch has been working in the accounting field since 1994. Prior to joining Riverstone, she served as national controller at Trammell Crow Residential Services, held a senior financial position at Yahoo! Inc., and was an audit manager at Deloitte & Touche LLP. She holds a bachelor's degree in accounting from the University of Missouri-Columbia with high honors, and is a certified public accountant in both Missouri and Texas. Bertsch is a member of the Texas Society of Certified Public Accountants as well as a member of the Real Estate Financial Executive Association. She previously served as a committee member of the North Texas Yardi User Group.

"We are pleased to recognize Peggy's expertise through this enhanced position," affirmed Terry Danner, chief executive officer at Riverstone. "Our clients depend on us to provide them with in-depth financial analysis, accurate financial reports, standard and custom financial data, cash management strategies, budgeting solutions, and solid internal controls."

"We are confident that Peggy's oversight will allow us to elevate the level of service we provide to them," added Danner.

Bertsch will continue to be based in Riverstone's Dallas headquarters and will report to Danner.

About Riverstone Residential Group

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, audits and investigations, client relations, education, human resources, information technology, management systems, performance analytics, property maintenance and project management, property transitions, purchasing, risk management, and supplier compliance. Ancillary service groups include affordable housing services, utility management services, resident screening and receivables management services, resident services, client and resident insurance, telecom services, and financial advisory services. The company manages a portfolio of multifamily assets valued at more than $17 billion for leading institutions, pension funds, developers and other major owners. Located in metropolitan markets across the nation, Riverstone's more than 800 communities and 170,000 apartment homes under management include high-rise, mid-rise, and garden-style communities in conventional and affordable assets. The company is headquartered in Dallas, TX. For additional information, visit http://www.RiverstoneRes.com or email info@RiverstoneRes.com.

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Susan Morrow
Morrow & Associates, Inc.
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