Riverstone Residential Group Assumes Management of Five Multifamily Properties
- May 27, 2010
Dallas—Riverstone Residential Group has assumed management of five properties in Los Angeles, San Francisco, Seattle, and Portland.
Riverstone’s new properties include Watermarke Tower, a 35-story, 214-unit, high-rise apartment residence in downtown Los Angeles; Gardens at Wilshire Center, a 159-unit, mixed-use apartment residence in the Wilshire Center/Koreatown area of Los Angeles; Argenta, a 20-story, 179-unit, high-rise apartment residence in downtown San Francisco; The Bravern, a 33-story, 232-unit, high-rise apartment residence in Bellevue, Wash.; The Ardea, a 323-unit, mid-rise apartment residence in the South Waterfront district of Portland, Ore.
The communities will be managed by Riverstone’s Western Division, led by Mike Dow, division president, with the support of four executive vice presidents: Craig Rooney, Southern California; Tom Daniels, Northwest; Lisa Whitesides, Northern California; and Steve Davis, Oregon.
Riverstone has earned the management of 28 new properties in the first quarter of 2010. The company’s transition process includes expert teams who coordinate the on boarding of new associates, training, market analysis, and strategic and tactical operations and marketing plans. Riverstone uses a new property checklist that organizes all groups to ensure a seamless transition for the properties and their owners.