Dallas—Riverstone Residential Group, a privately owned, third-party multifamily property management company, announced the appointments of two key leadership associates, Lesa LaRocca and Mark McElvain, ARM, CPM. Based in Phoenix, LaRocca will serve as senior vice president for the company’s Desert region, which includes markets in Arizona, southern Nevada, New Mexico, and Western Texas. Denver-based McElvain will serve as senior vice president for Riverstone’s Central Mountain region, which encompasses markets in Colorado, Kansas, Nebraska, and North Dakota.
LaRocca, a multifamily professional since 1987, holds extensive expertise on both the owner- and fee-managed aspects of the business. Her experience covers a diverse portfolio of assets, including lease-up communities and repositioned assets. Most recently, she held the position of regional vice president for Weidner Investments, where she oversaw a 27-property portfolio comprised of nearly 9,000 units. Additionally, LaRocca previously served as one the of the managing partners for Trillium Residential, where she directed the overall operations of roughly 8,000 units in new and acquired properties.
LaRocca has served on the board of directors for the Arizona Multifamily Association since 2005, and served as the chairwoman of the board for the organization in 2011. She currently sits on the board’s executive committee. LaRocca holds a bachelor of arts degree in business communications from Arizona State University.
McElvain, who has been active in the multifamily industry since 1985, has honed property management and asset management expertise in REIT environments as well as in private entrepreneurial and fee-managed businesses. He has overseen the growth and revenue performance of assets in Arizona, California, Colorado, Florida, Nevada, Texas, and Washington. McElvain previously served in leadership roles for the United Dominion Realty, Western National Group, ConAm, Equity Residential, and Camden Property Turst.
McElvain is active in the Institute of Real Estate Management, and holds certified property manager (CPM) and accredited real estate manager (ARM) designations. He holds a real estate’s broker license in Arizona, and is a graduate of the University of Nebraska.