Waterton Residential Hires Jeff Bailey as Senior Vice President

Chicago–Waterton Residential, the multifamily investment and management division of Chicago-based Waterton Associates LLC, has hired veteran real estate executive Jeff Bailey as senior vice president, operations, for its multifamily properties in the western United States. In his new position, Bailey will oversee operations at 12 properties comprising approximately 4,000 units in five states.

Based in Waterton’s Southern California office, Bailey joins the firm after spending more than 20 years managing multifamily portfolios for both public and private companies. He most recently served as senior vice president of property operations at San Francisco-based BRE Properties Inc., where he oversaw a 15,500-unit portfolio that generated approximately 60 percent of company revenue. He also spearheaded recruiting at BRE and provided strategic direction relating to occupancy, pricing, and capital improvement programs.

Prior to that role, Bailey worked as a vice president at Equity Residential, leading a team of more than 500 associates responsible for a 16,000-unit portfolio in California. He has also held positions at ConAm Management Corporation and ProStar Management Company.

A graduate of San Diego State University, Bailey holds a bachelor’s degree in business administration with an emphasis in accounting. He is the former president of the California Apartment Association’s South Coast chapter.