HOUSTON, TX--(Marketwired - October 06, 2016) - Pinnacle, one of the nation's leading multifamily management firms, rises as a leading player in the Houston market following a 214 percent increase in portfolio size over the last two years. Now the third largest residential property manager in the metropolitan area, the company is charged with enhancing the operational efficiencies of 37 communities totaling 10,836 apartment homes for four major institutional clients.
Jenifer Paneral joins Pinnacle as a regional vice president to oversee the portfolio and guide the efforts of more than 160 team members. She reports to Woody Stone, executive vice president of the Eastern Division, from a new regional office located at 3411 Richmond Avenue, Suite 460 in Houston.
"Pinnacle has been awarded a steady increase in Houston management assignments since the company's recapitalization in 2014. Since then, our portfolio has more than doubled in size each year," explains Stone. "Jenifer comes on board to complement the efforts of our existing team and build on the culture and processes in place. We are more than confident our clients will be pleased with their selection of our company to manage these properties."
Reporting to Paneral will be Vice President Terry Henry, who has drawn on 30 years of experience to drive the company's ongoing success in the Houston area, as well as three veteran and four new regional property managers. New to the team are:
- Shelley Johnson, regional property manager, brings 28 years of experience to oversee a portfolio of 5 communities totaling 1,410 units.
- Dana Dovell, regional property manager, brings 26 years of experience to oversee a portfolio of 3 communities totaling 976 units.
- Lanie Harryman, regional property manager, brings 30 years of experience to oversee a portfolio of 5 communities totaling 1,376 units.
- Crystal Jackson, regional property manager, brings 13 years of experience to oversee a portfolio of 6 communities totaling 1,642 units.
Paneral comes to Pinnacle from Crossbeam/Concierge Management Services where she served as the chief operating officer and senior vice president for more than eight years. Prior, she was in leadership positions at both Alliance Resident Management and SCG Realty Services. Paneral brings with her a passion for the industry and for the difference she can make as a team builder and well-connected leader. A 25-year veteran, she is well-versed in managing growing companies, property repositioning, renovations, efficiency programs, new construction and lease-ups.
Currently, Paneral serves as a board member and past president of the Houston Apartment Association and a board member for the National Apartment Association and Texas Apartment Association, where she is active with media relations and budgeting committees. Paneral is a Certified Property Manager from the Institute of Real Estate Management, a licensed Texas real estate broker, and a graduate of Minnesota State University.
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 third-party managers, Pinnacle's portfolio includes over 165,000 residential units and 2.5 million square feet of commercial assets. With the Corporate headquarters located in Dallas, Texas, Pinnacle has more than 4,000 employees located in 32 states. For more information, visit www.pinnacleliving.com.
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