CAPREIT Hires Miguel J. Gutierrez as Chief Operating Officer
ROCKVILLE, Md. (PRWEB) September 09, 2015 -- 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 appointment of 23-year industry veteran Miguel J. Gutierrez to chief operating officer, a new position within the organization.
In his role, Gutierrez will be responsible for the development and implementation of CAPREIT’s business strategy and the leadership of the business’s operations. With his significant operational and financial management experience, Gutierrez will help continue the success and growth of the company’s nearly 12,000 apartment homes portfolio located throughout the United States.
“We are excited to welcome Miguel to our leadership team and look forward to leveraging his extensive and diverse real estate background to grow and further strengthen our already high-performing operating platform,” said Andrew Kadish, president and CEO of CAPREIT. “Miguel has provided strategic guidance and helped lead the generation of significant portfolio value for some of the industry’s biggest names.”
Over the past two decades, Gutierrez has held leadership positions for high-profile real estate firms, such as Fannie Mae, Starwood Capital and Crescent Heights. Most recently, Gutierrez was at the forefront of the emerging single-family rental industry, establishing and managing the nation’s first large-scale portfolio boasting more than 25,000 Fannie Mae homes as well as leading the integration between Starwood Property Trust and Waypoint Homes resulting in a new best-in-class, single-family rental REIT.
Gutierrez’s broad executive experience also includes serving as director of acquisitions for Fannie Mae’s American Communities Fund, where he oversaw investments in more than $1 billion of multifamily and single family housing through joint ventures with leading developers and through managed real estate funds.
During his tenure at Crescent Heights, Gutierrez’s responsibilities included residential and commercial finance and acquisitions activities. He holds a Master of Business Administration in Finance from the University of Miami and a Bachelor in Science in Accounting from American 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.
Peter Jakel, LinnellTaylor, +1 (303) 682-3944, [email protected]
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