May 24, 2016
Dallas-based Trammell Crow Residential has established a regional office in Boston, to source development opportunities in the Northeast. Former GID executive Andy Huntoon has taken on the role of regional managing director.
Huntoon’s responsibilities at GID focused on sourcing stabilized apartment acquisitions, and forming joint-ventures for ground-up development of new multi-family assets in Texas and Chicago. This includes closing $1.9 billion of multi-family assets in 22 transactions containing 9,500 units.
“The Northeast region – and Boston, in particular – has a long-standing multi-family shortage driven by a strong, dynamic regional economy and increased demand for rental housing,” said Leonard Wood, Jr., TCR Senior Managing Director. “Andy will be key to our success in this regard, and we look forward to leveraging his local market expertise, relationships and transactional experience.”
Tags: Apartments & Multifamily