In the wake of the housing crisis, GTIS carved out a niche in the single-family rental investing space. Now, the firm is shifting its focus to the build-to-rent space, developing large-scale purpose-built single-family and townhome rental communities. To that end, it is beefing up its talent bench.
GTIS hired head of Development Gary Davis, new senior director of Acquisitions and Development Bill Mumford and new vice president of Development Kurt Rouse to execute the new strategy. They join director of Acquisitions and Development Teddy Karatz and director of Asset Management Scott Bordogna within the firm's single-family, build-for-rent platform.
"BTR is one of our highest conviction investment ideas and we are investing in our own execution capabilities in order to capture the market opportunity," Tom Shapiro, president and chief investment officer at GTIS, said in a prepared statement.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
