Berkshire Residential Expands Team to Enhance Investment Strategy
Berkshire Residential Investments Expands Portfolio Management Team
Berkshire Residential Investments has made an exciting announcement about its leadership team and investment strategy. The company welcomes Steve Gullo as the new Managing Director of Portfolio Management. Located at the firm’s headquarters, Steve brings over 23 years of invaluable experience in residential investment management, positioning him to effectively contribute to Berkshire's objectives.
Steve Gullo's Role and Expertise
In his new role, Steve Gullo will collaborate with various teams, including research, investments, asset management, and property management, to enhance the development and execution of the flagship Value Fund Series. Under the guidance of John Lamb, Partner and Head of Portfolio Management, Steve's focus will be on ensuring that Berkshire continues to provide exceptional investment opportunities.
Steve expressed his enthusiasm about returning to Berkshire, stating, “I am thrilled to rejoin Berkshire Residential Investments, a world-class sector specialist. Some of my career’s most formative and foundational years were spent with Berkshire...”
Proven Track Record at CBRE Investment Management
Before his return to Berkshire, Steve held the position of Head of Residential Americas at CBRE Investment Management for more than 15 years. His impressive track record includes overseeing over $12 billion in acquisitions and leading teams focused on transactions and asset management in residential investment programs. This experience has equipped him with a unique perspective that will surely benefit Berkshire's growth ambitions.
John Lamb shared his excitement about Steve's return: “We are delighted to have Steve rejoin Berkshire. Steve’s decades of experience and track record investing throughout the country will help us continue to deliver excellent performance for our partners.”
About Berkshire Residential Investments
Berkshire Residential Investments is a prominent name in the investment management landscape, boasting a robust platform that has specialized in U.S. residential real estate for 57 years. The firm prides itself on its innovative approach as an owner-operator and actively makes investments across the capital stack and various risk profiles.
A Glimpse Into Berkshire's Operations
Headquartered in Boston with offices in Dallas and San Francisco, Berkshire employs over 900 professionals and manages approximately $28.6 billion in real estate assets on behalf of a diverse range of global institutional investors. This impressive portfolio includes ownership and management of roughly 490,000 residential units through a mix of equity and debt investments.
Currently, Berkshire sponsors several investment vehicles, including a value-add fund series, a core fund, a credit fund series, and a private lending series. Moreover, the firm manages separate accounts emphasizing equity and debt investments across various residential sectors, such as senior housing, demonstrating their commitment to providing comprehensive investment solutions.
Future Growth Prospects
With the addition of Steve Gullo to the management team, Berkshire Residential Investments is well-poised for continued success. His extensive background in investment management will enable Berkshire to adapt and thrive in an ever-evolving real estate market. The firm remains dedicated to delivering value and performance to its stakeholders, ensuring a robust foundation for future growth.
Frequently Asked Questions
What is the new role of Steve Gullo at Berkshire Residential Investments?
Steve Gullo has been appointed as the Managing Director of Portfolio Management, focusing on the firm's Value Fund Series.
How many years of experience does Steve Gullo have?
Steve Gullo has over 23 years of experience in residential investment management.
What significant achievements did Steve Gullo accomplish at CBRE Investment Management?
During his tenure at CBRE, Steve completed over $12 billion in acquisitions and led transactions and asset management teams.
How many residential units does Berkshire manage?
Berkshire manages approximately 490,000 residential units through various investment strategies.
What types of funds does Berkshire Residential Investments sponsor?
Berkshire sponsors a value-add fund series, a core fund, a credit fund series, and a private lending series.
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