Mike May Joins Primestone Partners' Technology Advisory Board
Primestone Partners, a leading management company committed to strategic technology investments, is pleased to announce that Mike May has joined its Technology Advisory Board. With nearly 40 years of rich experience, May is recognized as an authority in multifamily housing and capital markets.
Career Highlights of Mike May
Over the course of his impressive career, May has played a pivotal role in the capital markets as well as in the residential and multifamily mortgage sectors. His most distinguished tenure was with Freddie Mac, where he held various senior leadership roles, eventually becoming EVP and Head of Multifamily. May's extensive expertise also includes serving as Executive Vice Chairman at Newmark Knight Frank and as National Head of Multifamily for CCRE Real Estate.
Current Endeavors and Insights
Currently, May is involved with Hamilton Ventures, where he focuses on investments in early-stage PropTech companies. In addition to his entrepreneurial pursuits, he serves on the Advisory Board of Clarendon Partners and holds directorial roles with both the National Equity Fund and the National Multifamily Housing Council.
Future Vision in Temporary Furnished Housing
As he explores emerging opportunities within the multifamily property market, May pointed out, "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 looks forward to working with Primestone to develop a digital connection that links multifamily properties with the temporary furnished housing market.
Leadership's Excitement for Collaboration
Bruce Witherell, the Chief Executive Officer of Primestone Partners, shared his enthusiasm about May's appointment, recalling their successful collaboration at Freddie Mac. He noted that May's extensive experience and valuable connections in the multifamily sector will be crucial for Primestone's efforts in the technology space for temporary furnished housing.
About Primestone Partners
Primestone Partners operates as both an investor and incubator focused on the hospitality and extended-stay housing market. Their investment portfolio features cutting-edge software solutions and corporate housing options. The team at Primestone Partners is composed of seasoned professionals who have thrived in senior roles across investment banks, private equity firms, and global real estate entities. They have effectively managed multi-billion-dollar financings, facilitated turnarounds, and launched startups for major financial institutions.
Frequently Asked Questions
Who is Mike May?
Mike May is a well-respected executive with extensive experience in capital markets and the multifamily mortgage sector who has recently joined the Technology Advisory Board at Primestone Partners.
What is Primestone Partners?
Primestone Partners is a management company that specializes in strategic technology investments within the hospitality and extended-stay housing markets.
What role will Mike May play at Primestone Partners?
Mike May will leverage his expertise in multifamily housing to advance Primestone's initiatives related to temporary furnished housing technology.
What is the focus of Primestone Partners?
Primestone Partners focuses on offering strategic investments and advisory services in the technology, mortgage, and real estate sectors.
How can temporary furnished housing benefit property owners?
This approach offers property owners a way to reduce vacancy rates and maximize profits through corporate leases, ultimately boosting their bottom lines.
