Industry Veteran Brian Earle to Lead National Acquisitions Group for Wood Partners
ATLANTA–(BUSINESS WIRE)–In a move to further capitalize on its rapidly burgeoning acquisitions efforts, Wood Partners has hired 20-year real estate industry veteran Brian Earle to lead its national acquisitions group, building upon the Atlanta-based developer’s expanding $4 billion portfolio.
“Our intention is to aggressively expand our acquisitions portfolio platform to provide additional investment opportunities across the risk spectrum–from core to value-add to opportunistic.”
A 20-year veteran with a strong background in acquisitions and portfolio management, the Manhattan-based Earle comes to Wood Partners after having served as managing director in the Real Estate Group of Ares Management where he most recently managed a $400 million Multifamily Separate Account and was integral in expanding Ares’ multi-family portfolio by more than 10,000 units since 2010.
Wood Partners launched its acquisitions platform in 2010 and has experienced significant growth since that time, acquiring more than $1 billion of value-add, multifamily assets, and it has become a key element of the organization’s national strategy in the process.
“Brian is a fantastic addition to our senior team and our acquisition business. He brings a set of skills, particularly around capital raising, that will complement and improve our position within the acquisition space. We are very fortunate to have him as part of our partnership,” stated Wood Partners’ CEO, Joe Keough.
“Wood Partners is clearly a leader in the industry, and with its impressive depth of market intelligence, top-notch bench strength and powerfully collaborative partnership structure, I am thrilled with the opportunity to lead its acquisition efforts,” Earle said. “Our intention is to aggressively expand our acquisitions portfolio platform to provide additional investment opportunities across the risk spectrum–from core to value-add to opportunistic.”
In his new role, Earle will initially be focused primarily on value-add acquisitions, many of which have been constructed since 2000 and have been opportunistically identified as needing both interior and exterior upgrades and renovations.
“We’ve identified a large number of attractive acquisitions opportunities nationally. Our targets are well-located, but despite this fact, we’re seeing accompanying rents being eclipsed by newer, and often inferiorly located properties,” he said. “Through thoughtful and impactful upgrades, we believe we can not only close the relative rent gap but also offer homes and amenities comparable to more recently constructed properties.”
During the past 15 years, Atlanta-based Wood Partners has become one of the most active and progressive multifamily investment firms in the nation and has been involved in the acquisition and development of more than 53,000 homes with a combined value of more than $8.3 billion. The company currently owns more than 75 properties with approximately 21,000 units.