CHICAGO, IL—CA Ventures, a Chicago-based real estate investment holding company, is expanding its property management services under a new entity, CA Management Services, and the company named Beth Pinder chief operating officer of the newly formed company.
Under Pinder's leadership, CAMS will manage CA's growing portfolio of student housing communities in the US, Europe and South America, currently totaling more than 15,000 beds. CAMS also will assume operation of the firm's new and existing residential developments both domestically and internationally, and will offer third-party property management services in the future.
“In launching CAMS, we are bringing our residential and student housing management together under one umbrella, allowing us to apply our cross-market operational expertise to current assets as well as CA's robust global pipeline,” says Tom Scott, CEO of CA Ventures. “With Beth at the helm, I'm confident we'll have the leadership skills, industry knowledge and on-the-ground experience needed to create and leverage efficiencies across these two divisions.”
Management of five operating residential assets will be shifted to CAMS by the end of 2018. They include: The Residences at 8 East Huron and Eleven40, in Chicago; The Buckler, in Milwaukee; The Link Minneapolis, in Minneapolis; and Two Twelve Clayton, in Clayton, MO, a suburb of St. Louis. CAMS will also manage two under-construction residential communities—The Link Phoenix, in Phoenix, AZ, and The Link Evanston, in Evanston, IL—as well as CA's future residential developments, including those that will be constructed through a planned $500 million investment in the European housing market.
CA's student housing portfolio, which was previously managed in-house through CA Student Living, will also be operated by CAMS.
The new company's services include day-to-day property operations and maintenance; resident communication; marketing and leasing; accounting; budget management; and third-party development advisory.
An industry veteran whose career spans more than 25 years, Pinder has been with CA Ventures since 2016, previously serving as executive vice president of property management and executive vice president of sales and marketing. Before joining CA, Pinder was executive vice president of sales and marketing at EdR Collegiate Housing and director of portfolio leasing at Trinitas Ventures.
“Over the past few years, CA has assembled a team of superstars,” says Pinder. “With unrelenting hard work, unmatched talent and unbelievable passion, CA Student Living has cultivated a premier student housing management platform, and with the launch of CAMS, we have the opportunity to innovate and expand that model into something greater.”
Since its inception in 2014, CA Ventures has grown from a startup specializing in student housing development to an international conglomerate with a $7.8B portfolio of assets and a family of companies that includes CA Student Living; CA Office/Vanderbilt Partners; CA Senior Living; CA Residential; CA Industrial; CA Hospitality; and CAV International.
|Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.