Waterton Residential, the multifamily investment and management division of Chicago-based Waterton Associates LLC, hired Patricia Shelton as senior vice president of operations. In her new role, Shelton will be responsible for overseeing multifamily operations in the Southeastern region and Texas.
“As a company, we believe we’re only as good as the people we hire, so we look for candidates who are not only knowledgeable about the market, but who have a proven track record of success,” said Greg Lozinak, executive vice president and chief operating officer of Waterton Residential. “Patricia’s extensive operational experience, coupled with her ability to grow and manage high-performing teams, made her the perfect fit for this position, and we couldn’t be more thrilled to welcome her to the Waterton team.”
Shelton, who will be based in Waterton’s Atlanta office, brings more than 25 years of experience to the company, most recently serving as executive vice president of operations at Cortland Partners. Prior to that position, Shelton was vice president of operations at Archstone, where she was heavily involved with acquisitions, dispositions and developments throughout the Southeast and along the East Coast. She also served as a regional manager for both Trammell Crow Residential and Summit Properties.