CAPREIT Restructures Executive Leadership Team

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Andrew Kadish Appointed President, Founder Dick Kadish Transitions to Chairman of the Board

These appointments will help ensure that CAPREIT’s future remains strong for years to come in an industry that demands executive teams have extensive experience in investment management, apartment operations and administration.

CAPREIT, a national real estate development and investment company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced the restructuring of its executive leadership team.

Three existing CAPREIT associates have been appointed to leadership roles within the company as part of the restructuring initiative. In their new roles, Andrew S. Kadish will serve as president, Ernest L. Heymann has been appointed the company’s chief investment officer and Jennifer K. Cassell accepted the position of chief administrative officer. Dick Kadish, who founded and served as president of CAPREIT since its inception in 1993, has transitioned to chairman of the board of directors for the company. The new leadership assumed their new roles effective January 1, 2015.

“Andrew, Jennifer and Ernie bring an unsurpassed level of expertise and talent to their new roles at CAPREIT,” said Dick Kadish. “These appointments will help ensure that CAPREIT’s future remains strong for years to come in an industry that demands executive teams have extensive experience in investment management, apartment operations and administration.”

Andrew Kadish will oversee the day-to-day management and operations of the company’s portfolio. In his previous role, Andrew Kadish served as senior vice president in charge of the acquisition, financing and renovation of multifamily developments and has served in a variety of capacities for CAPREIT for nearly a decade. Andrew Kadish is a graduate of the University of Pennsylvania and the Villanova University School of Law, and a member of the New Jersey and Pennsylvania State Bar Associations.

“I’m excited to build on our company’s value-added acquisition strategy to grow and strengthen the CAPREIT portfolio and brand,” said Andrew Kadish. “We remain committed to our highest priorities – creating value for the residents living in our communities, the neighborhoods we serve and our many investment partners. By remaining focused on resident satisfaction and retention, we effectively ensure the success and legacy of our company in the marketplace.”

Cassell has served for eight years at the company, most recently as a senior vice president responsible for management, operations and legal affairs. She graduated from Brandeis University, received her Master of Arts degree from the University of Maryland and earned her Juris Doctorate from the American University Washington College of Law.

Heymann has served the company since its establishment as a senior vice president and has led the acquisition of dozens of multifamily residential communities. In his new role, Heymann will leverage his extensive experience and expertise of multifamily investment to lead the company’s growth in the marketplace. He is a graduate of Gannon University and received his Master of Business Administration from George Washington University.

About CAPREIT
As one of the nation’s leading housing companies since its inception in 1993, CAPREIT has been involved in more than 200 multifamily communities, representing more than 30,000 rental homes housing more than 100,000 families. CAPREIT is focused on the implementation of a savvy acquisition strategy, innovative financial structures, and a professional property management style based on resident satisfaction and retention, as well as asset preservation and enhancement. Today, CAPREIT maintains its mission to create value-added growth through strategic acquisitions, continuing to capitalize on multifamily housing opportunities.

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Peter Jakel
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