.on cool. Katherine Patrice Egan, a daughter of Pauline and William C. Egan III of Skillman, N.J., was married yesterday to Thomas Freeman Gilbane III, a son of Mary Gilbane and Mr. Gilbane Jr. of Providence, R.I. Celanese Dallas-based Celanese Corporation has announced a collaboration with Alessa Therapeuticsfor developing a new oncology drug product, by utilizing the Celanese VitalDose EVA drug delivery platform. BOSTON, MA - Rockpoint Group, a global real estate investment management company, announced that it has an exclusive $ 250 million joint venture with Resicap, a leading owner and operator of single-family rental homes based in Atlanta, GA. USD founded. Since 1994, Rockpoint's founding managing members with others have sponsored twelve commingled funds and related co-investment vehicles, raising approximately $16 billion in capital commitments and investing more than $12 . Tom Gilbane oversees Rockpoint's investment and asset management activities in the eastern United States. Before joining Gilbane, Karen was Chief Information Officer at Webster Financial Corporation, where herleadership included creating a business-focused, award-winning cybersecurity strategy. Karen leads Gilbanes business development teams to execute the firms sales strategy and engages audiences to continuously build Gilbanes global brand and visibility. We feel this unique strategy is complementary to our long-term focus on creating housing that serves our customers and betters our communities.. ("Rockpoint") is a real estate private equity firm and Registered Investment Adviser with its headquarters in Boston and with additional primary offices in San Francisco and Dallas. The firm's Managing Members are Bill Walton, Keith Gelb, Pat Fox, Tom Gilbane, Aric Shalev and Brian Borg. Thomas Gilbane Tom Gilbane oversees Rockpoint's investment and asset management activities in the eastern United States. in economics. The JV will be capitalized with a total equity commitment of $300 million, of which $50 million (16.7%) will be committed by Invitation Homes and $250 million (83.3%) will be committed by Rockpoint. Since 1994, Rockpoint's co-founders with others have sponsored 15 commingled funds and related co-investment vehicles through Rockpoint and a predecessor firm. Tom Gilbane, Managing Member at Rockpoint, commented: "The Margaritaville team has built a tremendous business, creating an established brand that provides significant value to asset owners through its strong top-line performance and unique, differentiated customer experience. Her father retired. The Dallas-based rental giant is teaming up with Boston property investment firm Rockpoint Group, which also has local offices, to commit $750 million, including debt, to acquire and renovate expensive single-family homes for rental. A total of approximately $750 million (including debt) is expected to be deployed by the JV to acquire and renovate single-family homes in premium neighborhoods that command price points and rents that average 30%-60% higher than those targeted by Invitation Homes traditional investment strategy. Most recently, he was responsible for overseeing the New York Division, which includes New York City, Upstate New York, and New Jersey. He is on multiple boards and serves on the Executive Board of the Federal City Council. Paul believes business transformations happen when teams feel comfortable leaning into responsible risks and being solutions-driven. Rockpoint Managing Member Tom Gilbane said in prepared remarks that his firm believes the single-family rental sector will become a "core asset class" going forward for many institutional. They plan to look at submarkets including Texas, Florida, and parts of the Western and Southeastern U.S. Mr. Walton and Mr. Gelb were also Managing Members of Westbrook Real Estate Partners, L.L.C., a similar real estate investment company co-founded by Mr. Walton in 1994. The latest multifamily news, delivered every morning. The segment had been gradually attracting institutional investors in recent years, before picking up significantly during the pandemic. . Last month, it joined Regis Group and Fifth Wall in providing $250 million in equity to launch Pathway Homes, a homebuying platform that helps customers lease a house, with the option to buy at a later date. Rockpoint's additional Managing Members, who have been working together for almost 16 years, include Tom Gilbane and Aric Shalev. To learn more about Rockpoint Group, visit www.rockpoint.com. Brad earned his Bachelor of Arts from the University of Massachusetts at Amherst and his J.D. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Rockpoint. Click here to register, Not for publication, email or dissemination, AEW returns to opportunistic fundraising in North America, How long-term investors are managing short-term disruptions, Wall of refinancings drives demand for real estate credit, Nominate the Women of Influence in Private Markets 2023, BentallGreenOak collects first capital for maiden value-added US debt fund, Recapitalizations headed for turbocharged year. Services which is a subsidiary providing equipment, job site safety, general labor, carpentry and final cleaning services; Gilbanes Centers of Excellence which offers expertise in strategic markets; Supply Chain and Equipment; and the companys acquisitions strategy. Don't have an account? If you experience any issues with this process, please contact us for further assistance. Graduate of the 2012, Theta II, Class of Leadership Rhode Island, he is a Lean Practitioner and graduated from the Executive Leadership Program at Babson College. Greg manages the overall direction and leadership of the internal audit function for Gilbane. He serves as Executive Sponsor for Gilbanes Military Advantage Employee Resource Group in support of veterans. She is a Registered Professional Engineer (P.E.) from 8 AM - 9 PM ET. Rockpoint employees are most likely to be members of the Republican Party. Phone: 972.421.3587 The joint venture will be fueled by a total equity commitment of $300 million, with $50 million coming from Invitation and $250 million from Rockpoint. Contact. Calling it a first-of-its-kind partnership between the data center and online gaming industries, Dallas-based Compass Datacenters announced that its teaming up with Luminosity Gaming. More than 1,000 American officials reported illnesses around the world. Prior to joining WREP in 1999, Mr. Gilbane worked at Merrill Lynch in the Real Estate Investment Banking Group for two years. Single-family rental homes account for more than one-third of the countrys 47 million rental units, according to a 2017 report by the Joint Center of Housing Studies of Harvard University. In addition, Paul Choquette also leads the companys Public-Private Partnership (P3) strategy and provides leadership to its economic inclusion commitment which is core to the companys ESG strategy. responsible for promoting the continued success of Gilbanes operations, driving regional growth through Gilbanes divisions, and ensuring that the highest levels of operational excellence are executed for clients, Meet our Gilbane Building Company Leaders, Construction Technology: Tools in Use and Emerging Innovations, Markets Overview-Innovative Building Solutions, Facility Access Control & Border Protection, Delivering Innovative Construction Solutions. A fifth-generation Gilbane family member, he is an active participant in the community and industry organizations. The seventh annual Dallas Startup Week powered by Capital One is Dallas-Fort Worth's largest event focused on driving entrepreneurial success, economic impact, and innovation in the region. Gilbane, Inc. Business Data 13750 San Pedro Ave Ste 420, San Antonio, Texas, 78232-4345 (512) 442-4462. "They are best-in-class operators, and together we are foc use d on creating high-quality attainable housing to meet the growing demand for single-family rent als. Research Summary. +1 (844) 456-INVH. "We're excited to continue our partnership with Invitation Homes," said Tom Gilbane, a Managing Member at Rockpoint. and final cleaning services; Gilbanes Centers of Excellence which offers expertise in strategic markets; Supply Chain and Equipment; and the companys acquisitions strategy. Karen leads and implements the companys technology, data, digital, and cybersecurity strategy. With extensive experience in the construction industry, Jay is a trusted leader in the management and implementation of measurable improvements across integrated supply chain platforms while ensuring strategic alignment with goals such as cost reduction, innovation, risk management, supply chain sustainability objectives, as well as enhancing opportunities for diverse and local market participation. The JV will be capitalized with a total equity commitment of $300 million, of which $50 million (16.7%) will be committed by Invitation Homes and $250 million (83.3%) will be committed by Rockpoint. "We feel this unique strategy is complementary to our long-term focus on creating housing that serves our customers and betters our communities." Moreover, many of these factors have been heightened as a result of the ongoing and numerous adverse impacts of the COVID-19 pandemic. We believe Margaritaville is poised to capitalize on demographic . Get 5 free searches. Tom supports the ACE Mentor Program of America, serving for six years as chairman and now a member of its Executive Committee. In September, she is to begin teaching at the Spruce Street Nursery School in Boston. As part of his commitment to operational excellence and ensuring customer advocacy, Dan champions the strategic compliance function. Katherine holds a Master of Education and Organizational Development from Colorado State University and a Bachelor of Arts in Psychology from the University of Northern Colorado. A 35-year veteran of Gilbane, Tom joined the company out of college and has worked throughout his career in many leadership roles in multiple regions and services areas across the country. (Rockpoint), a private global real estate investment management firm based in Boston with additional offices in United States, Europe and Asia. : Get support for game-changing health solutions. The JV will be capitalized with a total equity commitment of $300 million, of which $50 million (16.7%) will be committed by Invitation Homes and $250 million (83.3%) will be committed by Rockpoint. She is the Treasurer for Construction Safety Week, an industrywide annual event that brings together more than 70 national and global construction firms and sponsors to motivate everyone in the industry to be leaders in safety. You must click the activation link in order to complete your subscription. 2023 Forbes Media LLC. Why Rockpoint is building a $2.5bn single-family rental platform, 2021 Global PERE Awards and Annual Review, The Value Creation & Asset Management Report, The Secondaries & Recapitalizations Report, INPRS commits to Carlyles latest opportunistic fund. At Invitation Homes Inc., we promise to treat your data with respect and will not share your information with any third party. As Gilbane marks over 150 years of operations, we plan for a future that builds on our entrepreneurial mindset to deliver innovative solutions and value to our clients, partners and the communities in which we live and work. Jay earned his Bachelor of Science in Business from Emporia State University and a Master of Business Administration from Baker University, both in Kansas. Tom Gilbane, Managing Member at Rockpoint, commented: " The Margaritaville team has built a tremendous business, creating an established brand that provides significant value to asset owners. Rockpoint targets assets with intrinsic long-term value, at attractive prices relative to replacement cost and stabilized cash flows, and with particular emphasis on value creation opportunities and complex situations. 15 - 16 November 2023, Convene at 117 West 46th Street New York Book Now Event starting in: 264 Days 15 Hrs 04 Mins Book Now Connecting American capital to global real estate Discover effective investment strategies for North American real estate markets at the 18th annual PERE America Forum on 15 - 16 November in New York. Dallas-based Celanese Corporation has announced a collaboration with Alessa Therapeuticsfor developing a new oncology drug product, by utilizing the Celanese VitalDose EVA drug delivery platform. Dallas Invents is a weekly look at U.S. patents granted with a connection to the Dallas-Fort Worth-Arlington metro area. Heidi serves as Executive Sponsor for empoWer, Gilbanes Employee Resource Group dedicated to supporting women within the company. 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