Bell Partners Inc. Announces Corporate Organizational Changes
Greensboro, NC— Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today a series of corporate organizational initiatives, reflecting the provisions of the 2013 Bell Partners Strategic Plan. The Strategic Plan, which will guide the Company for the next three to five years, is designed to take Bell into the next phase of its evolution, as it continues to build an increasingly scalable and profitable Company.
Jon Bell, President, said: “In the 2013 Strategic Plan, we focus on the broad corporate direction for our Company. The Plan addresses issues such as core competencies, industry roles, geographic growth, profitability, and capital and organizational strategies. Consistent with our strategic direction, we have implemented a number of organizational changes at the corporate level. We are convinced that these changes will enable us to deliver more effectively on our strategic plan, continue our growth and profitability, and ensure that Bell Partners remains one of the premier apartment investment and management companies in the nation.”
The administrative changes at the Company include the following actions.
Robert Slater, the current Chief Operating Officer, will assume the role of Chief Administrative Officer, effective January 1, 2014. Mr. Slater will continue to serve on the Executive Committee, which governs the day-to-day operations of the Company, and on the Investment Committee. As Chief Administrative Officer, Mr. Slater will bring his extensive multifamily experience to bear on adding value to select, critical areas of the Company’s operations, while working closing with senior operations management and Bell clients. Mr. Slater joined Bell Partners in 2008, and previously spent over ten years with AvalonBay Communities, Inc. where he was Executive Vice President for Property Operations. He is a graduate of the University of Virginia School of Law and Vanderbilt University.
Gwyneth Coté, Bell’s current Senior Vice President of Property Operations, will become Chief Operating Officer, effective January 1, 2014, and will join the Executive Committee. As Chief Operating Officer, Ms. Coté will lead all property operations and related activities including Revenue Management and Operations Initiatives. Ms. Coté, who holds an MBA from Wharton and a BA from Swarthmore College, joined Bell earlier in 2013 and previously served as Senior Vice President for Property Operations at AvalonBay Communities, Inc.
Janice Miner has joined Bell Partners as Senior Vice President of Operations, reporting to Gwyneth Coté. She will lead the management of Bell Fund and Legacy assets. Since 2008, Ms. Miner has operated a successful real estate consulting firm and recently worked in the development of the newly-established, high-profile residential, Harbor Point, in Stamford, Connecticut. She previously worked at major multifamily companies, including AvalonBay Communities, Inc., where she was Vice President of the Northeast Region. Ms. Miner earned her BS in Business Management from Albertus Magnus College.
Kristin Stanton, currently Bell’s Senior Vice President of Operations, will continue to lead the management of Bell Joint Venture and Fee Managed assets, reporting to Gwyneth Coté. Prior to joining Bell in 2008, she spent 11 years at UDR, a leading multifamily company. Ms. Stanton holds a BS in Business and Economics from Randolph Macon College.
Mr. Bell concluded, “We are very excited about the new strategic plan and about these organizational changes. We are also pleased about our performance at the property and corporate level thus far in 2013. We very much appreciate the hard work and dedication of all our associates, and we look forward to moving forward with the new strategic plan and new organizational structure in the coming months.”
About Bell Partners Inc.
Bell Partners Inc. is one of the country’s leading apartment investment and management companies. The company invests capital on behalf of accredited high net worth and institutional investors. Bell Partners is the 7th largest apartment operator in the United States, according to the National Multi-Housing Council. Founded more than 35 years ago, Bell Partners now owns or operates 249 apartment properties, with over 70,000 apartment homes, located generally along the East coast and Southwest.
CONTACTS:
Kevin Thompson
Phone: 336.232.1993
Email: bkthompson@bellpartnersinc.com
Laurenn Wolpoff
Phone: 917.518.9011
Email: lwolpoff@prosek.com