SOURCE: Pinnacle

Pinnacle

March 04, 2016 10:00 ET

Pinnacle Announces Expanded Regional Presence in South Florida

Lee Ann Edwards at the Helm as Regional Vice President

ORLANDO, FL--(Marketwired - March 04, 2016) -  Pinnacle, one of the nation's leading multifamily management firms, announced today that it has been selected as the management provider for two separate portfolios, resulting in a major expansion in Florida. Lee Ann Edwards has been hired as a Regional Vice President to oversee the communities in south Florida totaling 44 properties and over 14,000 apartment homes.

To accommodate the growth and concentration of assets in the southern markets, Pinnacle has opened a regional office located at 1580 Sawgrass Corporate Parkway, Suite 403 in Sunrise, Florida. A team comprised of a vice president and six regional property managers will be reporting to Edwards from this office.

"Pinnacle has been ramping up in Florida for several months to accommodate this opportunity by growing transition teams and hiring the best talent we could find to supplement our existing efforts in the state," explains Greg Mark, senior vice president of Pinnacle's east coast operations. "Leading the charge, Lee Ann brings an incredible combination of operational and team building success to our company and is already emerging as a strong leader at Pinnacle."

Edwards comes to the firm with 18 years of industry experience working for many of the largest companies in the multifamily arena, including Greystar, Riverstone, Alliance Residential and Bell Partners. She is an award-winning operations leader specializing in third party relationships with both institutional and private clients. Her portfolio has included new construction lease-ups and value-add assets as well as properties in the student, senior and affordable sectors.

"My vision is to make Pinnacle a major player in south Florida by finding the best people in the market, retaining them and leading them to greatness. Without people we have nothing," said Edwards. "My leadership philosophy contains equal parts respect, integrity, accountability, performance, and fun. My hope is that I make an imprint on people that encourages them to do better for their residents, clients, and teams."

Edwards has assembled top-tier talent in her market, which includes the recent addition of Vice President Colleen Yeager, who migrated to Pinnacle from a Senior Regional Management position at Equity Residential. Yeager has 30 years of experience which spans affordable to luxury high-rise with a specialty in revenue enhancement projects and new development. She will lend her broad-based background and exceptional track record to ensure success for Pinnacle's clients. 

Also reporting to Edwards are five regional managers, based in the Sunrise office, to add value in a variety of capacities:

  • David Lane, regional property manager, brings 17 years of experience spanning multiple markets across central and south Florida. His portfolio is concentrated in Broward and Miami/Dade counties and consists of conventional assets totaling 1,784 units.
  • Stacey Haygood, regional property manager, brings 19 years of experience with specializations in digital marketing, lease-ups, and renovations. Her portfolio is concentrated in Palm Beach and Broward counties and includes six assets totaling 2,400 units.
  • Loren Valentine, regional property manager, brings 20 years of experience specializing in luxury "A" quality communities. She oversees nine communities with over 3,000 units in Broward and Palm Beach counties.
  • Lucy Garcia, regional property manager, brings 20 years of industry experience with specializations in market rate, LIHTC, HUD and senior housing throughout south and central Florida. Her portfolio includes Miami-Dade, Broward, Palm Beach and Lee Counties and consists of eight communities totaling 1,789 units.
  • Christine Pagan, regional property manager, has 27 years of experience with specializations in conventional, affordable, rehab and development. Her portfolio is concentrated in Palm Beach, Broward and Miami-Dade and includes seven assets totaling 1,800 units.

A sixth regional property manager will be brought on in the coming months to assist with the growth in these markets.

Along with the regional positions overseeing operations, several others have also joined Pinnacle in south Florida, including James Betancourt and Osvaldo Ochoa as construction managers; Guillermo Soca in regional maintenance; Ariel Garcia as a marketing manager; and Hasina Kronenburg as office manager.

About Pinnacle Property Management Services, LLC

Pinnacle Property Management Services, LLC, ("Pinnacle") is a privately held national real estate provider specializing in third party management of multifamily residential communities. As one of the nation's preferred property managers, Pinnacle's portfolio includes nearly 135,000 residential units and 2 million square feet of commercial assets. With the Corporate headquarters located in Dallas, Texas, Pinnacle has 3,000 employees located in 35 states and 25 major metropolitan areas. For more information, visit www.pinnacleliving.com

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