Waterton Residential, the multifamily investment and management division of Chicago-based Waterton Associates LLC, has hired veteran real estate executive Jeff Bailey as senior vice president, operations, for its multifamily properties in the western United States. In his new position, Bailey will oversee operations at 12 properties comprising approximately 4,000 units in five states.
“Jeff is known in the industry for his ability to drive performance at the community level while simultaneously shaping the successful operating strategies of some of the largest apartment owners in the country,” said Greg Lozinak, executive vice president and chief operating officer of Waterton Residential. “His familiarity with apartment markets throughout the western U.S. will prove invaluable to Waterton as we continue to invest in the region.”
Based in Waterton’s Southern California office, Bailey joins the firm after spending more than 20 years managing multifamily portfolios for both public and private companies. He most recently served as senior vice president of property operations at San Francisco-based BRE Properties Inc., where he oversaw a 15,500-unit portfolio that generated approximately 60 percent of company revenue. He also spearheaded recruiting at BRE and provided strategic direction relating to occupancy, pricing, and capital improvement programs.