Riverstone Forms Client Services & Business Development Group to Focus on Client Needs
- Oct 13, 2008
Dallas–Riverstone Residential Group has initiated a new organizational structure and created a client services group. The new organizational structure is expected to position the Dallas-based company for growth and increase the focus on client services by enhancing core capabilities, strengthening internal systems and practices and creating a new client services group, according to the company. The change will also redefine the leadership roles of co-founders Christy Freeland and Terry Danner. Freeland will take over as CEO of Riverstone Residential Group and will be responsible for oversight of national operations, along with the internal resources, financial services and information systems divisions within the company.Meanwhile, Danner, as CEO of the newly created Riverstone Group Client Services and Business Development, will focus on client relations and new business development, working closely with institutions, developers, pension funds and other major owners. “We are known for our strong partnering approach,” says Danner. “The new client services group underscores our commitment to optimize our strategies and services on their behalf.” Freeland adds, “Our new structure allows us to further expand our management capabilities with additional systems and resources, providing benefits for our clients, residents and associates.” Over the past two-and-a-half years, Riverstone has increased its presence in major metropolitan markets across the country. The company’s portfolio of managed communities also increased significantly, the result of client-focused practices and the acquisition of regional management companies. The Dallas-based organization has 31 offices and 5,000 associates nationwide, and continues to expand its presence to address the needs of clients. Riverstone currently manages a portfolio of apartment assets valued at $25 billion. By the end of November, the firm’s portfolio will include approximately 200,000 units, representing high-rise, mid-rise and garden-style communities.