WHO WE ARE
Founded in 2016, Stoneweg US is an opportunistic real estate investment firm with a nationwide platform focused on the acquisition and development of multifamily assets. We seek to deliver attractive, risk-adjusted returns to our investors by identifying market opportunities and optimizing asset performance, all while improving the resident experience through a variety of value-add strategies. Through our affiliation with Stoneweg SA, a Swiss-based real estate company with over $3 billion in assets under management, Stoneweg US serves as the exclusive US investment manager of Varia US Properties AG, a Swiss publicly traded multifamily real estate fund (SIX Swiss Exchange ticker: VARN). Stoneweg US also partners with US and international equity investors to acquire and develop multifamily assets in markets with strong population growth and positive trending economic conditions. In 2020, Stoneweg US announced the formation of SW Fund I, an additional US-based investment fund targeting multifamily investments in emerging US Markets.
We approach investing with a commitment to excellence and strive to be best of class in all facets of our business. We set aggressive yet attainable investment hurdles and seek to exceed these goals through detailed execution of our business plans and creative solutions to issues that may arise.
Our priority is to make a positive impact on everyone associated with our business and create value for all stakeholders through our disciplined investment approach that integrates social responsibility and environmental sustainability. By efficiently developing and repositioning multifamily projects we serve an important social need and reduce our environmental footprint.
We strive to create value for our communities and their residents, as well as for our investors who make the opportunity possible. We create value by identifying assets in high growth markets, aggressively negotiating purchase and debt terms and relentlessly executing our repositioning strategy across our portfolio.
Founder and CEO
Chief Executive Officer
Patrick Richard is the Chief Executive Officer and Founder of Stoneweg US. As CEO, Patrick has led all efforts to solidify the Company's position as a desired investment partner since its 2016 inception. Under his leadership, the company has grown exponentially, reaching a portfolio value ~$1 Billion and surpassing 14,000 units in 2021. With a visionary approach that places the utmost priority on generating value for its Stakeholders, Patrick continues to identify ways to inspire his team, and establish Stoneweg US as a premiere investment partner for existing and new investors alike. Patrick began his CRE career in Switzerland as a founding partner of Procimmo AG, a Swiss-based, and regulated asset management company, where he was appointed Chairman of the Board during his 12-year tenure. Patrick holds a law degree from the University of Geneva, and has served on several Board education programs including the Swiss Board Institute and IMD.
EVP, Chief Investment Officer
EVP, Asset Management and Development
Serving as the EVP of Asset Management and Development, Sam Palmer joined the Company in December 2020 and was promoted to the Leadership Team in early-2021. As head of the Asset Management Team, Sam is responsible for overseeing high-level operations at all 50+ properties in the Company's portfolio. Sam also leads the Company's Development Team and is tasked with sourcing and developing ground-up multifamily projects, whose pipeline currently sits over 1000 units. Sam's industry experience spans over 20 years and includes senior executive and advisory roles in both institutional investment and nationally focused development companies. Sam 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.
EVP, Chief Investment Officer
EVP, Chief Legal Officer
Pam Linden serves as the EVP and Chief Legal Officer for Stoneweg US. She manages all legal aspects of the Company including, but not limited to, operations, transactions, corporate affairs, compliance and fund management. She brings over 20 years of legal and CRE experience in a variety of disciplines. Prior to joining Stoneweg US, Pam was the General Counsel of Waypoint Residential, a national multifamily real estate investment and development firm. Pam also served as the Director and Counsel of Westbrook Partners, an international real estate investment management company, and previously worked for 13 years for Greenberg Traurig, a leading US law firm, where she was also a shareholder. Pamela holds a Juris Doctorate cum laude and a Bachelor of Arts degree from the University of Florida.
EVP, Chief Investment Officer
EVP, Head of Investments
As EVP, Head of Investments, Matt Levy oversees the Investment team's activities in relation to active acquisition, funding and disposition of deals. He identifies emerging markets for opportunistic investments, and leads efficient due diligence on all company transactions. Prior to joining Stoneweg US, Matt served as the Vice President of Acquisitions for leading multifamily real estate investment firms including Bluerock Real Estate (BRG) and he brings over 10 years of deep CRE experience to his position. Matt obtained his Bachelor’s degree from the University of Florida in Business Administration and Finance.
EVP, Chief Investment Officer
EVP, Chief Financial Officer
Karen Weller joined the Stoneweg US Executive Leadership Team as the Executive Vice President and Chief Financial Officer in July 2022. In this appointment, Karen oversees the Company’s finance and accounting functions; currently comprised of Treasury, Finance, Accounting and Fund Management; and is also tasked with propelling the Company’s innovation forward by means of automation and implementation. Karen’s breadth of experience spans 30 years and includes senior level positions with “Big Four” accounting firm Deloitte and Touche in several different countries. Since then, Karen’s career has allowed her to garner both domestic and international experience in investor relations, debt and financing, financial risk management, and accounting and reporting. Karen has held leadership roles in various companies including LNR Property Corporation, Royal Caribbean Cruises, the Related Group, and most recently, with Housing Trust Group where she served as the Chief Financial Officer. She is an alumnus of The University of Calgary, where she obtained a BCOMM degree, and is a CPA, CTP and CA.
At Stoneweg US, environmental sustainability plays a key factor in creating the best apartment communities for our residents. Stoneweg US is committed to implementing sustainable practices that are pragmatic and achievable. We have successfully reduced our environmental footprint by repositioning older multifamily assets (rather than demolishing and rebuilding) and by developing new high-performance multifamily projects with a focus on reducing waste, energy and water use.
Given that many multifamily communities are older and are less energy efficient or have fewer sustainability features, there is a prime opportunity to improve sustainability and add value to our assets. Our water and energy conservation programs have significantly increased the environmental efficiency of our assets, while improving our residents’ quality of life and maximizing returns for our investors. In addition to reducing utility consumption, Stoneweg US is also focused on waste reduction. Those strategies include recycling programs at most properties in the Stoneweg US portfolio.
The Stoneweg US sustainability/ESG goals are to:
Meet and exceed the Kingsley Resident Survey Overall Satisfaction Index score across our portfolio by the end of 2022.
Issue Stoneweg US employee engagement survey ranking in the 80th percentile annually.
Maintain resident retention rate across the portfolio > 55% annually.
Ensure 100% of Stoneweg US employees complete ESG training annually.
Reduce our portfolio’s site Energy Use Intensity by 15% by 2025 vs 2021 baseline.
Offer recycling and waste reduction services offered at every location by 2025.
Ensure climate risk assessments occur across the portfolio annually.
Ensure climate resilience is included in acquisitions, development, budgeting, and capital planning processes annually.
Ensure climate-related physical and transition risks examined across the portfolio by 2025.
Achieve recognized through GRESB in the upper quartile of North American multifamily submitters by 2025.
Create and measure Diversity, Equity and Inclusion Policy by the end of 2022.
Produce ESG Annual Report and make public annually beginning in 2022.
Stoneweg US has successfully woven our sustainability program throughout our business. From creating a healthy, effective workforce to aggressively reducing our environmental impact, we are examining all avenues available to determine how sustainability can improve our company and add value for all of our stakeholders.
Learn more about how Stoneweg US promotes sustainability through our ESG Policy.