Mike May Strengthens Primestone Partners' Advisory Team
Mike May Joins Primestone Partners' Technology Advisory Board
Primestone Partners, a prominent management company dedicated to strategic technology investments, has welcomed Mike May to its Technology Advisory Board. May, an expert in multifamily housing and capital markets, brings nearly 40 years of invaluable experience to the role.
Career Highlights of Mike May
Throughout his impressive career, May has been significantly involved in the capital markets, residential mortgage, and multifamily mortgage sectors. His most notable tenure was with Freddie Mac, where he held numerous senior leadership positions, ultimately serving as EVP and Head of Multifamily. His extensive background also includes roles as Executive Vice Chairman at Newmark Knight Frank and National Head of Multifamily for CCRE Real Estate.
Current Endeavors and Insights
Currently associated with Hamilton Ventures, May invests in early-stage PropTech companies. He complements his entrepreneurial interests by serving on the Advisory Board of Clarendon Partners, as well as holding directorial positions with both the National Equity Fund and the National Multifamily Housing Council.
Future Vision in Temporary Furnished Housing
Addressing emerging opportunities within the multifamily property market, May stated, "Temporary furnished housing presents an intriguing opportunity for multifamily property owners looking to enhance their profitability by lowering vacancy rates and earning premium rents from corporate lessees." He expressed enthusiasm for his collaboration with Primestone to create a digital bridge connecting multifamily properties to the temporary furnished housing market.
Leadership's Excitement for Collaboration
Bruce Witherell, the Chief Executive Officer of Primestone Partners, expressed his happiness over May's appointment, emphasizing their successful working relationship at Freddie Mac. Witherell highlighted that May's vast experience and connections in the multifamily sector will play a crucial role in Primestone's developments in the temporary furnished housing technology space.
About Primestone Partners
Primestone Partners stands as an investor and incubator specializing in the hospitality and extended-stay housing market. Their investment portfolio includes leading software developments and corporate housing solutions. The team at Primestone Partners consists of seasoned professionals who have excelled in senior management roles across investment banks, private equity firms, and global real estate entities. They have successfully managed multi-billion-dollar financings, facilitated turnarounds, and initiated startups for major financial institutions.
Frequently Asked Questions
Who is Mike May?
Mike May is a seasoned executive with extensive experience in the capital markets and multifamily mortgage sectors who recently joined Primestone Partners' Technology Advisory Board.
What is Primestone Partners?
Primestone Partners is a management company focused on strategic technology investments in the hospitality and extended-stay housing market.
What role will Mike May play at Primestone Partners?
Mike May will contribute his expertise in multifamily housing to enhance Primestone's temporary furnished housing technology initiatives.
What is the focus of Primestone Partners?
Primestone Partners focuses on strategic investments and advisory services within the technology, mortgage, and real estate industries.
How can temporary furnished housing benefit property owners?
It provides opportunities for property owners to reduce vacancy rates and increase earnings through corporate leases, enhancing profitability.
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