Single-family rental operator Invitation Homes named Bryce Blair as executive chairman of the board of directors and John Bartling as President and chief executive officer.
Nick Gould, a co-founder and major investor in the company who has served as CEO since 2012, has been named vice chairman of the Board, according to a company press release.
Blair is the former chairman of the board and chief executive officer of AvalonBay Communities, a real estate investment trust that specializes in multifamily housing. He joined the company in 1993. Prior to joining AvalonBay, he was a partner at Trammell Crow Residential, a real estate investment firm.
Blair currently serves on the board of Pulte Homes and Regency Centers and is a member of the adjunct faculty at Boston College.
Bartling served as a senior partner and global co-head of real estate at Ares Management since 2010. He has a long history leading residential and multifamily companies including AllBridge Investment; WMC Management Company, a privately held company with clients including Olympus Real Estate Partners; Arnold Palmer Golf Management; Walden Residential, a company with approximately 45,000 mulit-family units, and Hyphen Solutions.
Over the last two years Invitation Homes has acquired and renovated approximately 46,000 single-family homes in 14 regions across the country. The Blackstone owned company is a regular issuer in the securitization market.
The appointments come after, B2R Finance, a Blacktsone unit that lends to single family home operators, named Evan Lorch as its chief financial officer.