K. Brad Broyhill will be responsible for the overall operations of Simpson Housing, with particular emphasis on the management, acquisition and development of multifamily assets across the nation. Broyhill also will be responsible for the oversight of subsidiary operations and sit on the company's investment committee, nurturing relationships with institutional investors.

Broyhill was not immediately available Tuesday morning for comment. Simpson Housing CEO Robert Love says Broyhill's in-depth knowledge of the multifamily market "is one of the best in the nation" and his insight into the institutional investment market will help Simpson "achieve substantial growth."

For nine years at Amstar, Broyhill was responsible for all aspects of the firm's multifamily investments, including underwriting, due diligence, acquisition, development, investment management, transactional structuring, construction supervision and disposition. Broyhill also was a member of the company's senior management team and its investment committee and, prior to heading up multifamily investment, managed the company's finance and capital market activities.