Eighteen Capital Group (18CG) hired Gary Newbold as Vice President of Asset Management. Mr. Newbold will conduct risk analyses, asset evaluations, and develop strategies to maximize Eighteen Capital Group's asset growth.
LEAWOOD, Kan., March 7, 2023 /PRNewswire-PRWeb/ -- Eighteen Capital Group (18CG), a private equity firm focused on multifamily housing real estate, announced today that Gary Newbold has been hired as Vice President of Asset Management. Mr. Newbold was most recently the managing director of asset management at a real estate investment firm in Dallas, Texas. He brings more than 20 years of high-level experience in asset and property management.
In his new role, Mr. Newbold will conduct risk analyses, perform regular property inspections, evaluate Eighteen Capital Group's assets and properties, and develop ownership, program renewal, and risk management strategies to maximize Eighteen Capital's continued growth.
Mr. Newbold is an accomplished real estate professional who has been part of the real estate industry since 2003. In his previous positions, he has improved operating economics in repositioning distressed assets and driven continuous improvements in generating revenue growth across portfolio properties. Mr. Newbold is recognized for a unique combination of exceptional business and technical acumen for regularly advising C-Suite and senior executives on asset management, acquisitions, and dispositions.
"Gary has already proven himself as an incredible asset to our team," said Isaac Gortenburg, president of Eighteen Capital Group. "His experience in this industry is unmatched, and his strategic thinking is helping to guide Eighteen Capital Group in the right direction as we navigate our company's growth."
Mr. Newbold added: "I am thrilled to join this dynamic team at such a crucial time in the real estate market. This company is a force in the multifamily housing industry, and I look forward to building its strategic direction and asset management."
Mr. Newbold, who graduated with a BS in Business Administration, Finance, Real Estate, and Law from California Polytechnic State University, will be based in Dallas, Texas.
About Eighteen Capital Group
Eighteen Capital Group (18CG) is a Leawood, Kansas-based real estate firm, which specializes in the acquisition, transformation, and management of multifamily properties. The firm's diverse real estate portfolio includes nearly 7,000 apartment units in 22 markets across 15 states. Learn more at https://www.18cg.com.
Media Contact
Caroline Nesbit, Eighteen Capital Group, 954-379-2115, [email protected]
SOURCE Eighteen Capital Group
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