ZRS Management Appoints Darren Pierce as VP in Orlando
- Apr 14, 2016
Orlando–ZRS Management LLC, a multifamily property management firm based in Orlando, announced that Darren Pierce has joined the company as vice president, primarily overseeing the Florida, Georgia and Illinois markets.
Prior to joining ZRS, Pierce served as vice president of asset management at Crescent Communities, where he oversaw the company’s fiscal and operational management multifamily portfolio. His responsibilities included lease-up oversight, market feasibility analysis, partner selection, hold and sell strategy and joint venture operations. He was also tasked to maximize the performance of Crescent-owned real estate investments, consisting of an active portfolio of operating, under construction and development investments totaling approximately 22 assets, 6,000 units and a value of $1.5 billion. Pierce assisted with the execution of one of 2014’s largest development pre-sale transactions in the Southeast, a nine-asset portfolio sale to UBS Realty Investors and Berkshire Property Advisors for $670 million.
With over 11 years of commercial real estate experience under his belt, Pierce has served in a variety of roles, including finance, acquisitions, property sales, asset management and due diligence. He was director of investment management for Denver-based Archstone, where he assisted in the management of the company’s $1 billion discretionary acquisition fund. He has also worked in acquisitions for PNC Realty Investors in Washington, D.C., and First Potomac Realty Trust in Bethesda, Md.
Darren is a graduate of American University’s Kogod School of Business with a dual major in Finance and Marketing. He is also pursuing his MBA at Wake Forest and will be graduating in August.
ZRS Management LLC, formed in 1991, manages high quality multifamily communities. In 2010, ZRS became a stand-alone third party management company. ZRS currently manages over 32,000 units for various institutional clients, partnerships, and individual owners. The company maintains its headquarters in Orlando with regional offices in Tampa, Fort Lauderdale, Miami, Atlanta, Washington, D.C., Austin, Dallas, and Houston.