DALLAS-Terry Danner, founder and president of Riverstone Residential Group, is assuming the role of CEO for the organization. Danner takes the leadership reins from Walt Smith, who is rejoining Investors Capital Group as a principal.
Danner has occupied a leadership position with Riverstone since its inception in 2006, and has helped oversee its growth during that time, which included the integration of five acquired companies.
In his new role, Danner will continue to draw on the support and expertise of tenured regional and divisional leadership, as well as the executive-level support and expertise provided by MarySusan Wanich, existing chief operating officer; Michael Hoffman, existing chief legal officer; Laurie Brashear, chief human resources officer; Mel Barks, chief performance officer; division presidents Stephanie Brock and Maura Bilafer; Mike Dow, chief client relations officer; and Gardner Rees, who oversees Riverstone's ancillary services groups.
“We truly are a company fortunate to have remarkable local and regional leadership,” said Danner. “I am confident that their expertise will continue to serve us well as we expand as a company, add to our leadership team, and maintain a focus on our core business of property management and operations oversight.”
Riverstone Residential Group, one of the largest third-party multifamily apartment management companies in the United States, delivers property management, as well as resident and ancillary services.
The company manages a portfolio of multifamily assets valued at more than $17 billion for institutions, pension funds, developers and other major owners. Riverstone's more than 800 communities and 170,000 apartment homes under management include high-rise, mid-rise, and garden-style communities in conventional and affordable assets in metropolitan markets across the United States.
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