6 April 2017
California
Reporter: Theo Andrew

Raintree Partners responds to portfolio growth with two new senior hires


Raintree Partners has appointed Annette Thurman as senior director of asset management and Ian Couwenberg as director of acquisitions, to manage the expansion of its portfolio.

Thurman, who joins from Alliance Residential Company where she was senior vice president for the Northwest, will be responsible for overseeing Raintree’s capital improvement programme.

She previously held senior positions at Riverstone Residential and Fairfield Residential.

Couwenberg most recently served as vice president of acquisitions and dispositions for Sack Properties. He started his career at CBRE as a multi-family broker, before spending nearly five years as director of investments at Equity Research.

Jason Check, managing director at Raintree Partners, said: “Ian Couwenberg and Annette Thurman are seasoned professionals with the critical skills to continue our forward momentum while maintaining our high standards of excellence.”

The appointments are intended to capitalise on and maintain Raintree’s current growth. The company now owns nearly 5,000 units in California and has recently widened its scope to acquire both small and larger properties.

According to Raintree, the firm plans to invest $23 million into portfolio-wide improvements in 2017.

Check said: “As property operators with an owner’s perspective, we recognise the opportunity to improve our assets strategically in order to grow rents, drive ongoing occupancy, and create the best resident experience possible.”

Aaron Hancock, managing director at Raintree Partners, commented: “We have been extremely active in the market in recent months, increasing our existing portfolio by 25 percent.”

He added: “We continue to draw upon our expertise in this multifamily niche in order to identify acquisition and development opportunities where we can create and maintain long-term value.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
London pension fund strengthens board
17 August 2017 | London | Reporter: Theo Andrew
The London Pension Fund Authority (LPFA) has appointed Nigel Topping and Barbara Weber to its trustee board, effective immediately
Greystar appoints Jeff Manno to lead Growth Fund
17 August 2017 | Charleston | Reporter: Theo Andrew
Reporting to Chris MacNaughton, Greystar’s head of portfolio management platform, Manno will relocate from London to Charleston, South Carolina
LaSalle shoots for $1 billion Asian real estate fund
17 August 2017 | Chicago | Reporter: Theo Andrew
In its fifth and latest close, LAO V secured $335 million of commitments, meaning the fund is well in line to exceed its initial target of $750 million
Schroders secures self-storage portfolio for £44 million
16 August 2017 | London | Reporter: Theo Andrew
It is the institutional investor’s first foray into self-storage sector, which it sees as a major growth opportunity within the alternatives sector down to changing demographic trends
BlackRock enters Australian renewable energy sector
16 August 2017 | Queensland | Reporter: Theo Andrew
The global investment manager secured the long-term syndicated debt facility through the Clean Energy Finance Corporation, the Commonwealth Bank of Australia and Natixis
Foundation appoints new global head of transactions
15 August 2017 | Zurich | Reporter: Jenna Lomax
Feix will be based in Zurich and replaces Ulrich Kaluscha, who held the post on an interim basis
Five Point buys OC office campus for $443 million
15 August 2017 | California | Reporter: Theo Andrew
Five Point Holdings has acquired a 73-acre corporate campus in Irvine, California, on behalf of its new venture, Five Point Office Venture Holdings I, for $443 million