Multifamily’s notable executive moves of early October

Core Insights - The multifamily sector is experiencing leadership changes with several firms promoting executives and adding new roles to enhance their operational capabilities Group 1: Fogelman - Fogelman appointed Kristy Heuberger as president of investment management and promoted Justin Marshall to president of property services [2][3] - Heuberger will lead the investment management platform, overseeing transactions, portfolio management, asset management, capital formation, and investor relations [3] - Marshall, previously COO, will manage property operations, construction management, and client relations for managed assets [4] Group 2: Grubb Properties - Grubb Properties promoted Todd Williams to president and Harold A. "Skip" Schwartz III to chief investment officer [5] - Williams, who joined Grubb in 2005, will oversee construction, development, and operations teams [5] - Schwartz will focus on expanding partnerships with institutional investors and lead client relations teams in capital formations and asset management [7] Group 3: Waterton - Waterton hired Sean Jacobson as senior vice president of portfolio management [8] - Jacobson will be responsible for multifamily investment strategies and portfolio diversification within the firm's value-add fund platform [8] - He previously held significant roles in real estate investment management, including director of real estate at NexPoint Real Estate Advisors [9]