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
Dolphin Living makes splash with Retail Charity Bond
23 June 2017 | London | Reporter: Theo Andrew
The money raised will be invested in Dolphin Living’s London portfolio, which includes 196 homes currently under development
New York apartment block bagged for $57 million
23 June 2017 | New York | Reporter: Theo Andrew
The 53,000-square foot 12-storey property consists of 54 one-, two- and three-bedroom newly-refurbished units
AEW Germany fund hits €118 million on first close
22 June 2017 | Berlin | Reporter: Theo Andrew
Focusing on Germany’s seven main cities, the fund will also strategically target other established office locations around the country
Wanda HK acquires Nine Elms Square for £470 million
21 June 2017 | London | Reporter: Theo Andrew
Vinci St. Modwen, the 50/50 joint venture between St. Mowden Properties and Vinci expects to complete the sale of the 10-acre site later this summer
Majority stake in Barcelona Hilton bagged by AXA IM - Real Assets
21 June 2017 | Barcelona | Reporter: Theo Andrew
Purchased from Iberdrola Inmobiliaria on behalf of AXA Insurance Companies, the 4-star hotel is currently operated by Hilton Hotels on a long-term lease
UK self-storage market expands for third year running
21 June 2017 | London | Reporter: Theo Andrew
The UK now accounts for 47 percent of Europe’s self-storage space, according to the UK Annual Industry Report
Hermes dispatches East London portfolio to Great Portland Estates
20 June 2017 | London | Reporter: Theo Andrew
Spanning 1.1 acres, the properties are located between Aldgate and the new Whitechapel Crossrail Station