St. Petersburg, FL: Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, announced the addition of Samuel Palmer to its corporate team on December 8, 2020. Mr. Palmer will serve as the Company’s Vice President of Asset Management, a newly created position this year. The company has experienced exponential growth in 2020 having closed its first fund, SW Fund I, and exceeded 12,500 units and $1BN in AUM.
As Vice President of Asset Management, Palmer will oversee the Asset Management department and be tasked with optimizing asset operations and performance at the 60+ properties in 19 states within the existing Stoneweg portfolio. He will also manage the Construction and Development departments, which the Company will look to increase in 2021. He will also be tasked with helping grow the departments to coincide with the continued growth strategy of the company and goal of being a best in class multifamily investor.
“We are very excited to welcome Sam to the Stoneweg US Team,” said Patrick Richard, CEO for Stoneweg US. “His industry experience and insight will be essential for us as we look to capitalize on our successes of 2020 and forge ahead with the execution of our Acquisition, Development and Disposition strategy in 2021.”
Palmer brings over 23 years of industry experience primarily in Asset Management, Acquisitions and Development. Prior to joining Stoneweg US, Mr. Palmer worked with TruAmerica Multifamily, LLC as the Managing Director of Asset Management for the Pacific Northwest and Mountain Regions. Before this he was with Portland-based Hayden Properties, a family office with properties throughout the Sunbelt States in an advisory role spanning Acquisitions, Dispositions, Capital Markets and Asset Management. Palmer holds a Master’s degree in Real Estate Development from the University of Southern California, and a Bachelor’s degree from the University of Nevada in History and Political Science.
About Stoneweg US
Stoneweg US is a multifamily real estate investment and development firm located in the heart of downtown St.Petersburgwithaportfolioofover12,500unitsvaluedover $1Billion.TheCompanyinvestsin multifamily assets positioned for strong growth and focuses on increasing investor returns, while improving resident experience through a variety of value-add strategies. For more information, please visit: www.stoneweg.us.