Dallas, TX (PRWEB) October 15, 2014
Invitation Homes today announced the appointment of Bryce Blair as Executive Chairman of the Board of Directors and John Bartling as President and Chief Executive Officer of Invitation Homes, effective November 3, 2014. Blair is the former Chairman of the Board and Chief Executive Officer of AvalonBay Communities and currently serves on the Board of Pulte and Regency Centers. Bartling served as a Senior Partner and on the Management Committee of Ares Management, LP. Nick Gould, a co-founder and major investor in the company who has served as CEO since 2012, has been named Vice Chairman of the Board.
Nick Gould said, “Over the last two years, we have grown Invitation Homes from its inception into the country’s leading single family rental company with 46,000 quality homes. Our success can be attributed to the vision of our team, and I am delighted to welcome John to the company and Bryce to his new role on the board. They bring a wealth of management experience and real estate expertise that will prove invaluable, as we continue to grow and progress. I look forward to working with them.”
“We believe John is extremely well qualified to build on the successful foundation that Nick has established for Invitation Homes,” said Bryce Blair. “John is a veteran of the residential real estate industry with a proven record of leading residential and multifamily real estate entities and he brings a wealth of proven operational, financial and leadership skills which will be extraordinarily beneficial to Invitation Homes as it moves to its next phase of growth.”
Bill Stein, Senior Managing Director and Global Head of Asset Management in the Real Estate group with Blackstone, said, “I am confident that John will be a strong addition to the management team we have put in place at Invitation Homes. With John as CEO and Bryce as Executive Chairman of the Board they are well positioned to accelerate the execution of a long-term growth strategy for Invitation Homes that strengthens its position as the market leader in single family rental homes.”
“The single family rental business is an exciting place to be with the growth of the industry over the past few years,” said John Bartling. “I am excited to join Invitation Homes and build on the momentum that has been created by the management team which has a breadth of operational and multifamily experience. I look forward to working with them and with Bryce Blair as our Executive Chairman.”
About John Bartling
John Bartling has been with Ares Management LP since 2010 as a Senior Partner and Global Co-Head of Real Estate. He has a long history leading residential and multifamily companies including AllBridge Investment; WMC Management Company, a privately held company with clients including Olympus Real Estate Partners; Arnold Palmer Golf Management; Walden Residential, a company with approximately 45,000 mulitfamily units, and Hyphen Solutions. Bartling previously served as CEO and President for Lexford, which was sold to Equity Residential in 1999. Bartling received a B.S. in marketing from Robert Morris College in Pittsburgh, Pennsylvania.
About Bryce Blair
Bryce Blair joined AvalonBay in 1993 and served as Chief Executive Officer from 2001 thru 2012 and Chairman of the Board from 2002 thru 2013. Prior to joining AvalonBay, he was a Partner at Trammell Crow Residential, a real estate investment firm. He previously served on the Board of Carr America and as a Senior Advisor to McKinsey and Company. Mr. Blair currently serves on the board of Pulte Homes and Regency Centers and is a member of the adjunct faculty at Boston College. He served as Chairman of the National Association of Real Estate Investment Trusts (NAREIT) and as a Trustee at the Urban Land Institute. He attended the University of New Hampshire and Harvard Business School.
About Invitation Homes
Founded in 2012, Invitation Homes has acquired and renovated approximately 46,000 single family homes in 14 regions across the country, making it the leader among single-family homes for rent companies in the U.S. Invitation Homes employs an experienced team of acquisition specialists, property managers, and leasing specialists who ensure that every home in our portfolio is renovated, leased and maintained to the highest standard.