Castle Lanterra Properties Expands Senior Team with Three Key Hires Amid Period of Rapid Growth

CLP onboards two senior investor relations professionals and new senior counsel as company continues successful workforce housing value-add investment strategy 

SUFFERN, New York (AUGUST 09, 2019)– Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, announced the expansion of its team with the hire of three senior professionals who will fill newly created roles to further elevate service standards for its investment partners and streamline legal proceedings for both corporate and transactional matters. Specifically, CLP has significantly expanded its investor relations team with the addition of industry veterans Lynn Glantz as Vice President of Investor Relations, and Sandeep Murray as Associate, Investor Relations. CLP has also tapped attorney David Sheril to serve as senior counsel.

The new hires follow a period of rapid expansion for CLP, as the company continues its successful strategy of targeting multifamily and workforce housing investments in strategic growth markets across the U.S. The new investor relations professionals represent a combined 30 years of experience in investment management, marketing and communications. Both will work to strengthen the company’s relationships with external investors and to further its marketing initiatives.

Ms. Glantz joins CLP with nearly 20 years of investor relations marketing and fundraising experience, with a focus on private real estate funds. Ms. Glantz’ background includes positions with multi-billion-dollar real estate investment firms Rockwood Capital and The Praedium Group — where she served as Vice President of Investor Relations — as well as Cantor Fitzgerald and UBS Global Asset Management. As Vice President of Investor Relations at CLP, Ms. Glantz will be responsible for overseeing fundraising and marketing initiatives, as well as servicing fund investors.

Ms. Murray joins CLP having worked with major institutional investment firms including M&G Real Estate — where she served as the institutional client service manager for clients investing in open-ended direct real estate funds — as well as with Goldman Sachs, AllianceBernstein Global Wealth Management Group and Columbia Threadneedle Investments in London. Over the course of her career, Ms. Murray has worked with a wide range of institutional and individual investors including public and private pension plans, financial institutions, sovereign wealth funds, trusts and high-net-worth individuals. As an investor relations associate at CLP, Ms. Murray will aid in the coordination of investor communications and reporting.

Mr. Sheril joins as CLP’s senior counsel and will work to manage and oversee all legal matters for CLP as it relates to legal guidance for acquisitions, dispositions, and financing. He will also provide support as it pertains to investor relations, and corporate governance. Prior to joining CLP, Mr. Sheril was with Simpson Thacher & Bartlett LLP and Hahn & Hessen LLP.

“We are very pleased to welcome Lynn, Sandeep and David to the Castle Lanterra family. The addition of these new team members follows several years of unprecedented growth in our business operations and multifamily investments,” Castle Lanterra Properties founder and CEO Elie Rieder said. “At CLP, we aim to provide unparalleled service to our partners. We are thrilled to have three such accomplished professionals with a wealth of experience in investor relations and legal counsel join our team. They will be instrumental in the continued growth of our firm.”

One of the country’s most prolific workforce housing investors, CLP has made a number of significant acquisitions in recent months, acquiring value-add apartment communities including Premier Apartments, a 280-unit property in Cobb County, Georgia; and The Overlook at Stonemill, a 216-unit property in Lynchburg, Virginia. At both communities, CLP intends to implement its value-add strategy, generating strong returns for investors and elevating living standards for residents.

 

About Castle Lanterra Properties

Formed in 2009, Castle Lanterra Properties (CLP) is a privately held real estate investment company focused on the acquisition and management of quality income-producing multifamily properties within strategic growth markets throughout the United States. Through a rigorous value-enhancement program that includes thoughtful renovations, operational improvements, and ancillary income development, CLP aims to reposition each asset with the goal of maximizing NOI, elevating its competitive position within the market, and providing attractive risk-adjusted returns for its investment partners. CLP currently owns and manages over 7,000 units across 23 properties.

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