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Multifamily Newsletter | Q4 2021

Residential Reset and Supply Chain Chaos, more on these topics and others in Sunstone’s Multifamily Review

Fernando Perez Joins Sunstone as Vice President of Acquisitions

Fernando Perez has joined Sunstone as Vice President of Acquisitions. In this role, Fernando is responsible for sourcing and executing new acquisition opportunities. He works closely with senior management and equity partners in defining investment strategy, coordinating due diligence, developing business plans, structuring financing, and leading acquisitions through closing. Prior to joining Sunstone, Fernando spent four years at Bridge Investment Group. In this role as an Associate of Investments, he was responsible for the acquisition, asset management and investment strategy of multifamily assets in the southeast region of the United States. He has experience in over $1 billion of multifamily real estate transactions and asset managed a portfolio of 5,000 units. Prior to Bridge, he worked at Goldman Sachs in their Real Estate Research group and specialized in REITs, global brands, and standalone assets.

Christine Barker Joins Sunstone as Vice President, Capital Markets

Christine Barker joins Sunstone Properties Trust as Vice President of Capital Markets. In this role, Christine will be working with Sunstone’s institutional investors and lenders. Prior to joining Sunstone, Ms. Barker held senior positions within the financial services industry including serving as Vice President, Relationship Manager for regional and national commercial banks located in the greater Los Angeles market specializing in lending to real estate investors and businesses. Prior to commercial finance, Ms. Barker was focused on accounting where she worked for The Capital Group as a Fund Accountant. Her accounting background also includes working in public accounting and corporate financial planning and analysis.

Sunstone Acquires Second Tampa Property
– Sunstone Palms

Sunstone Properties Trust acquired Sunstone
Palms, a 536-unit property located at 12702…

Randall Sutton Joins Sunstone as Vice President of Asset Management

Mr. Sutton has joined Sunstone as Vice President of Asset Management. Randy previously worked for Bridge Investment Group, where he was responsible for acquisitions, asset management, and dispositions in major markets across the Western United States. During his time at Bridge, Mr. Sutton led the asset management responsibilities for a 5,200+ unit, $840 million value-add multifamily portfolio. Additionally, he managed $605M in acquisitions and $238M of dispositions of value-add multifamily assets. Mr. Sutton will direct all major asset management functions across Sunstone’s portfolio with the objective to maximize investor returns and ensure the execution of each asset’s business plan.

Todd Nielsen Named General Counsel at Sunstone Properties

With more than 25 years of experience in real estate and corporate law, Mr. Nielsen has taken over the legal aspects of Sunstone’s transactional matters in addition to fund formation, internal governance, risk management, legal compliance, litigation and general employment matters. Todd started his career representing a Fortune 100 supermarket chain in shopping center development and later joined the law firm of Brobeck Phleger & Harrison. He previously worked with John Maddux, Sunstone’s CEO, as General Counsel and Corporate Secretary of MMPI, a real estate development firm in LA. Mr. Nielsen is also a California licensed real estate broker.

Sunstone Adds Architecture and Design Group

Sunstone Properties Trust has added a new architectural dimension to its platform under the direction of a seasoned architect, Mark Moran. Mr. Moran has worked on such projects as the Getty Center and the Watermarke Tower building in Los Angeles, the latter while working with Sunstone’s CEO, John Maddux at another development firm. Eduardo Borba, an architect and urban planner, who also worked with Mr. Moran and Mr. Maddux previously, has also joined Sunstone’s staff. The architectural team is currently focused on designing three multifamily projects in Southern California.