DALLAS, Sept. 20, 2018 /PRNewswire/ -- Mill
Creek Residential, a leading multifamily investor, builder and
operator specializing in premier apartment communities across the
U.S., today announced it has named William
C. MacDonald as chief executive officer.
MacDonald, who has held the role of president since 2016, is a
founding shareholder of the company and has a strong track record
of leadership, business accomplishments and team building with
Mill Creek. The change will be
effective Jan. 1, 2019.
"I can't think of anyone more qualified, or better prepared, to
lead Mill Creek as we progress
through the chapters ahead, than Bill," said Charles R. Brindell Jr., executive chairman of
Mill Creek Residential. "He has long demonstrated a unique
combination of leadership skill, focused attention on important
details, strategic vision and, most importantly, the ability to
drive performance and results."
As CEO and President, MacDonald will be responsible for all
operations and the strategic leadership of Mill Creek's many multifamily
disciplines.
"Bill brings a long and impressive track record, and deep
experiences and skill sets in both the finance and
development/construction components of our business to this role as
our new leader," Brindell said in a memo to all Mill Creek associates. "All of us are
fortunate for this opportunity to look to Bill's leadership as he
guides the continued growth and expansion of Mill Creek."
Since MacDonald was appointed president of Mill Creek, the company has raised
approximately $2 billion in capital,
grown from 26,000 to 32,000 apartment homes and closed on a
portfolio-wide transaction with the Arizona State Retirement
System.
"I am excited about the future of Mill
Creek and working with what I believe to be the best
multifamily company in the industry," MacDonald said. "Our
world-class team has positioned us to become a true enduring
enterprise, and I'm thankful for the opportunity to build upon that
track record of success."
Prior to becoming president, MacDonald served as Mill Creek's chief investment officer, where
he was responsible for all development, construction, acquisition
and market research activity for a Mill
Creek pipeline that has a total capitalization of more than
$8 billion. He has also served
Mill Creek as its executive
managing director for the East Region. He held the same post at
Trammell Crow Residential prior to participating in the founding of
Mill Creek, where his divisions
were responsible for the development of more than 40,000
residential homes and capitalization exceeding $5 billion.
The University of Maryland graduate
earned his Masters of Business Administration from the Columbia
Graduate School of Business. Recognized as a leader in the
multifamily industry, he is a member of the National Multi-Housing
Council (NMHC), the former Counselor to the five Multifamily
Councils at the Urban Land Institute (ULI), and is currently a
Governing Trustee at ULI.
About Mill Creek Residential
Mill Creek Residential
Trust LLC is a national multifamily company focused on the
development, acquisition and operation of apartment communities in
targeted markets nationwide. The company proactively pursues
development, acquisition and construction opportunities through its
seasoned team of real estate professionals in 14 offices across
the United States. Mill Creek is building its portfolio in many
of the nation's most desirable apartment markets in Seattle, Portland, the San Francisco Bay area,
Southern California, Denver, Dallas, Austin, Houston, South
Florida, Tampa,
Orlando, Atlanta, Washington,
D.C., New Jersey,
New York, and Boston. As of June 30, 2018, the
company's portfolio comprises of 74 communities
representing over 20,250 apartment homes that are
operating and/or under construction. For more information, please
visit www.MillCreekPlaces.com.
Media Contact
Peter Jakel
LinnellTaylor Marketing
303-682-3944
peter@linnelltaylor.com
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SOURCE Mill Creek Residential