Multi-Housing Executives Update: Former AIMCO CFO Jeff Adler Launches Multifamily Consulting Firm, and Other Moves

By Anuradha Kher, Online News EditorEnglewood, Colo.–Jeff Adler (pictured) the former chief property operations officer at AIMCO, has formed The Sanctuary Group LLC, a management consulting and investment banking firm for the multifamily industry. Adler will serve as president to the company, which will work on distressed property workouts, value added redevelopments, investment and operations strategy formulation, consumer target marketing, market selection, mid market capital funding, acquisition underwriting, consumer product and service feature design, and operational performance enhancement. “The Sanctuary Group enables a broad range of real estate investors and owner/operators access to expertise previously available only at larger multifamily REITs, which is particularly relevant in these challenging capital and operating market conditions,” says Adler.AIMCO Chairman and CEO, Terry Considine says, “Adler has contributed enormously to AIMCO’s reinvention over the past nearly seven years, developing and then implementing an entirely revised operating strategy, structure, metrics, and tactics, leading us to cumulative out-performance in its markets, and enabling us to add further value through redevelopment programs.”MBA Elects 2009 Board of Directors Washington, D.C.–The Mortgage Bankers Association (MBA) recently elected its Board of Directors for the 2008-2009 membership year. The Board of Directors will be chaired by MBA Chairman David G. Kittle, CMB, executive vice president of Vision Mortgage Capital.    MBA’s Board of Directors consists of 20 elected members. Three are from the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), six are from the Residential/Single-Family Board of Governors (RESBOG), five are members at large, one is an associate member and one represents state and local mortgage banker associations. The Board of Directors sets the strategic direction for MBA and also manages the affairs of the association, including developing association-wide policies and approving the budget. The nine newly elected MBA Board of Directors are:Edgar Bright, III, CMB, Standard Mortgage Corp.Teresa A. Bryce, Radian Guaranty Inc.E.J. Burke, KeyBank Real Estate CapitalChris W. Christensen, Peirson Patterson LLPThomas P. Cronin, CMB, Clayton Fixed Income ServicesJohn B. Johnson, CMB, MortgageAmerica Inc.Michael F. Petrie, CMB, P/R Mortgage & Investment Corp.David B. Lowman, Chase Home LendingG. Todd White, CMB, Arvest Mortgage Co.Former Chairman Elect of NAA Joins RentWiki.com Atlanta–Former NAA Chairman Elect and Vice President of multifamily housing at Kolter Communities Suzanne Lovelace, joins RentWiki.com as senior vice president corporate development.RentWiki.com utilizes consumer- contributed content, social networking, and free inbound/outbound web syndication that allows renters to answer the question, “Do people like me live here?” RentWiki.com focuses on neighborhood information that renters care about. RentWiki.com also has the ability to upload unlimited video and multimedia files from any site to the apartment listing for free. In addition, any contributed content posted to RentWiki.com can be used by properties and management companies for free.“When I first learned about RentWiki.com, I quickly realized it offers a unique solution to the multifamily industry as well as the consumer,” explains Lovelace. “Essentially RentWiki.com provides a means to control the advertising spend for an apartment marketer while presenting the renter community a means to interact socially. It’s a win-win for all parties in the rental transaction.”