BOSTON, MA — October 15, 2019 — Berkshire Residential Investments announced that David Olney has been named Chief Executive Officer. Olney, a Partner and 33-year veteran of Berkshire, has led the Company’s investment strategy and execution as Chief Investment Officer and Chair of the Investment Committee over the last two decades. David has played an integral role in all aspects of the Company’s evolution into a vertically-integrated, institutional investment manager and operator specializing in U.S. rental housing with over $8.7 billion in real estate assets under management.
“David is an experienced and disciplined fiduciary who embodies the institutional approach and entrepreneurial spirit that Berkshire has exhibited throughout its history,” noted Ron Blankenship, Berkshire’s Chairman of the Board. “He has the full support of Berkshire’s Board, Executive Team and over 650 employees. Under David’s leadership, Berkshire will continue to execute for our investors and create exceptional living experiences for our residents.”
“I am deeply honored to assume this role and support every member of Berkshire to be best-in-class for our investors and residents,” stated Mr. Olney. “Berkshire has an incredible team that is dedicated to delivering results. I look forward to growing our business, leading our investment efforts and continuing to establish and enhance relationships with our investors.”
Since joining Berkshire in 1986, David has executed on over $12 billion of investments in the U.S. rental housing sector. David received a Bachelor of Science degree from Bryant College and an MBA from Babson College. He currently serves as an executive board member of the National Multifamily Housing Council.
Berkshire Residential Investments is a vertically-integrated residential real estate investment and property management company with over 50 years of experience. Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record based on thoughtful, leading edge investment strategies, and hands-on development and operational experience. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, Baltimore, Dallas and San Francisco. As of June 30, 2019, Berkshire had approximately $8.7 billion in real estate assets under management, representing approximately 277,000 residential units owned, managed and/or overseen across the U.S. on behalf of a wide range of global institutional investors. For more information on Berkshire, please visit berkshireresi.com.