News Updates

New CTO for Renters Warehouse

Renters Warehouse has hired Todd Jable as the company’s chief technology officer. Kevin Ortner, CEO of Renters Warehouse, said, “With his technology background coupled with single-family rental industry experience, Todd is a big addition to our leadership team. He has a great vision on where we can take not only our internal systems, but how we can shape and further improve our client experience through consumer-facing technology and tools.” As the new CTO, Jable will focus on working with employees, customers and providers to ensure that Renters Warehouse is ahead of valuable opportunities for efficiency and innovation and set strategies for the company’s information technology. “With the incredible business that Kevin and the Renters Warehouse team has built over the last 10 years, including the recent acquisition of OwnAmerica, I think that Renters Warehouse is uniquely positioned to tackle the largest segment of single-family rental investing­—non-institutional,” said Jable. Jable has been in IT since launching his career and has played a role in the single-family rental industry since its inception as an institutional asset class. Before Renters Warehouse, Jable was the founding CTO for Silver Bay Realty Trust Corp. Silver Bay, which was the first public company in the SFR sector, went public in the fourth quarter of 2012. After the company sold to Tricon American Homes in 2017, Jable served as CTO of FirstKey Homes in Atlanta. Renters Warehouse is the only property management company focused on single-family rentals to be rated by Morningstar Credit Ratings, a nationally recognized statistical rating organization. Since acquiring OwnAmerica in December 2018, renters can find quality homes to lease, and investors can plan, research, buy, track and sell their real estate investments all in one place with the Renters Warehouse investor marketplace.

Read More

Apex CRE Ramps Up

Apex CRE, a boutique commercial real estate company, has started operations in the greater Phoenix market. The company focuses on buyer and tenant representation across a variety of commercial product types. Apex CRE is a service-disabled veteran-owned business founded by Alex Popovic and Lydia Chelle.

Read More

Universe Holdings Wins Apartment Deal Near New Rams Stadium

Universe Holdings has acquired Chateau Park Casino Royale V, a 15-unit multifamily community in Inglewood, California, for $3.8 million. It is the firm’s ninth acquisition in the past four years in the area. The submarket has gained national attention as the site of the $3 billion NFL stadium that will be home to the Los Angeles Rams and Los Angeles Chargers. Located at 232 West Olive Street, the community is five minutes from the redevelopment of Hollywood Park and the new NFL stadium. Universe Holdings plans to implement a capital improvement program to bring the building’s exterior and interior units up to contemporary standards. Renovations are expected to be completed to coincide with the opening of the new stadium and entertainment complex. Universe Holdings CEO Henry Manoucheri identified Inglewood as a strong multifamily market two years before the Rams decided to make Inglewood home to the new stadium complex. Universe plans to double its portfolio in Inglewood in 2019. The company has completed investment transactions of more than 7,500 apartment units throughout the United States and abroad.

Read More