Multi-Housing Executives on the Move

Darcy Garneau Returns to EDI as Managing PrincipalHouston–Darcy Garneau, AIA, has recently been appointed as managing principal and board member of EDI Architecture Inc., an architecture, interior design and planning firm based in Houston.Garneau will be responsible for overall management, growth and business development of EDI Architecture.He joined the firm in 1998 as director of corporate services, and in 2003 took on the role of managing principal. After working for almost two years with a residential development company, Garneau has recently returned to EDI in the same capacity.Steven M. Spall Becomes JPI East’s First SVP of Finance and Asset Mgmt. Southborough, Mass.–JPI East, a division of JPI, a luxury apartment company providing development, construction and property management services for conventional and student living communities nationwide, recently announced the appointment of Steven M. Spall to the newly created post of senior vice president of finance and asset management.Spall will be responsible for the management and oversight of finance, asset management and market research groups in JPI’s Northeast region, headquartered in Southborough, Mass. Spall has been involved in the commercial real estate industry for the past 21 years.“Steve brings a wealth of knowledge and experience to JPI,” says Jim Butz, president and managing partner of JPI East. “His emphasis on asset management will position JPI East to become one of the biggest multifamily players in the Northeast.”Before joining JPI, Spall served as senior vice president and director at Boston Capital Corp., where he was responsible for the financial performance of a $12 billion real estate portfolio.Prior to Boston Capital, Spall held asset management positions at Grossman Cos. Inc. in Quincy, Mass. and Weissburg Development Corp. in Arlington, Va. Former RTC Chairman Stanley Tate Joins AmeriBid As  Las Vegas–Stanley Tate, former chairman of the National Advisory Board of the Resolution Trust Corporation (RTC) and a long-time real estate developer, has joined AmeriBid as chairman of the board.AmeriBid was recently launched by Larry Latham, Louis B. Fisher III and Doug Dennison to provide multiple solutions and exit strategies to institutional owners of financial and real estate portfolios using its proprietary global platform while investing in America’s communities.“Tate’s experience with the problems in the REIT industry in the mid-70s and then with the RTC and housing crisis of the late ‘80s and early ‘90s will play an integral role in the strategic direction of AmeriBid and our goal to provide a solution to the foreclosure crisis,” says Latham, CEO of AmeriBid.Tate says, “Our country needs some assistance in this housing crisis. The magnitude of the problem is immense. When I looked at the experience of the AmeriBid team, I realized that they were in the best position to get these properties back into the hands of end-users.”