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People & Companies, May 3, 2024
- Lion Real Estate Group, a Dallas-based real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, announced Amanda Zinsmeyer has joined the firm as Vice President of Marketing and Education, bringing more than 30 years of multifamily and real estate industry leadership experience. Previously, Mrs. Zinsmeyer served at Allied Orion Group, where she was the Vice President of Marketing and Education and responsible for marketing initiatives and training strategy for a multifamily portfolio of more than 30,000 units.
- St. John Properties, Inc., a Baltimore-based full-service commercial real estate development company, has expanded into Texas with a new regional office in Dallas. Raphael Alterman, who was recently named Regional Partner, will lead the Dallas office and oversee the search for opportunities to fulfill the company’s speculative development strategy.
- Adolfson & Peterson Construction (AP), a national, family-owned construction management and contracting company, has promoted Eric Churchill to Vice President of Central Texas. Churchill takes on this role less than two years after joining AP as Central Texas Business Development Director.
- Birchstone Residential installed veteran multifamily executive JoAnn Blaylock as president. The venerable Blaylock joins Birchstone, which serves as the in-house property arm of Ashcroft Capital, to guide the growing company with her comprehensive experience, expertise and dynamic leadership style. Blaylock has an extensive multifamily resume and most recently served as president of Quarterra Living, the property management arm of Lennar Corporation’s multifamily division.
- Austin has experienced some of the steepest declines in rental rates in the entire country, according to Rent.com’s December market report. That month, the city’s median rent was $1,985, a 12.5% decrease from $2,270 in December 2022. Of the nation’s 50 largest metros, only Salt Lake City saw a greater year-over-year decrease in rental rates, with an almost 21% drop. The trend appears to continue. As of March, Austin’s median rent was calculated at $1,938, a 7% decrease year-over-year and a 1.8% month-to-month increase, according to Rent.com.
- ◦Sale/Acquisition
- ◦Development
- ◦People
