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| Chris Neighbor |
SAN RAMON, CA – SummerHill
Housing Group, the umbrella organization for SummerHill Homes, an award-winning
residential builder, and SummerHill Apartment Communities, an apartment,
mixed-use infill rental housing developer, announced executive management
reorganization and promotions to support the group’s strategic growth.
Chris Neighbor,
who has been serving as SummerHill Housing Group’s Executive Vice President /
Managing Director, has been promoted to the position of Chief Operating Officer
of SummerHill Homes.
Douglas L. McDonald,
SummerHill Housing Group’s Chief Financial Officer / Executive Vice President /
Managing Director, has been named Chief Operating Officer of SummerHill
Apartment Communities.
Marjorie Szto,
SummerHill Homes’ Vice President, Controller, has been named Senior Vice
President – Corporate Finance and Accounting for SummerHill Housing Group.
“We are fortunate to have
achieved significant growth in both our for-sale and apartment-development
businesses,” said Robert Freed,
President and CEO, SummerHill Housing Group. “And, we have been addressing the
challenges of this increased activity by hiring new talent and stretching our
executive management team. The creation of these new positions will allow us to
bring increased ‘horse power’ to our day-to-day operations, while staying
keenly focused on the continued growth of our land pipeline.”
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| Marjorie Szto |
As the new COO of SummerHill Homes, Neighbor will have management responsibilities for land acquisition, land development, purchasing, construction, sales, escrow, marketing, market research and customer service.
“Chris Neighbor has
consistently performed at the highest level and he deserves much of the credit
for our strong land pipeline.
In addition, Chris has a great passion for
homebuilding. His passion, extensive experience and desire for success positions
Chris for greatness in his new role,” said Freed.
McDonald, in his new
capacity as SummerHill Apartment Communities’ COO, will have management
responsibilities for land acquisitions, finance, construction, asset management
and asset dispositions.
“Doug McDonald has been a great business partner for me
during my entire tenure with the company,” said Freed. “Doug’s responsibilities
have gone well beyond the traditional role of a Chief Financial Officer. He has
been a key driver of our day-to-day operations, thus ensuring that we deliver
consistently high levels of financial performance.”
Szto, who will serve as
SummerHill Housing Group’s Senior Vice President – Corporate Finance and
Accounting, will report directly to Freed and will be responsible for the
financial and accounting operations for both SummerHill Homes and SummerHill
Apartment Communities.
These responsibilities range from financial statements
to external/internal reporting to all accounting functions. “Marjorie Szto will
work closely with me, Chris and Doug on managing the important financial
position of both companies. We are extremely fortunate to have Marjorie ready,
willing and able to step into her new role,” said Freed.
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| Katia Kamangar |
Freed also noted that Katia Kamangar, SummerHill Housing
Group’s Executive Vice President / Managing Director will continue to lead all
new community activities for SummerHill Homes and SummerHill Apartment
Communities in Northern California. “We are extremely fortunate to have a
fantastic development team led by Katia Kamangar,” said Freed. “As we move
forward in our new organization structure, Katia and her team will continue to
report directly to me.”
SummerHill Homes
celebrated its 40th Anniversary in business in 2016 with 5,234 single-family
homes built or under construction. The company also expects to build an
additional 1,071+ homes between 2017 and 2018, and will surpass its 75th
community.
SummerHill Homes is
currently under construction on new residential communities in the San
Francisco Bay Area in Moraga, Los Gatos, Mountain View, Saratoga, Fremont,
Pleasanton, Redwood City, Santa Clara and Burlingame for a total portfolio of
6,170+ residential homes.
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| Robert Freed |
In 2016, SummerHill
Apartment Communities celebrated the completion of several Silicon Valley
luxury residential rental communities totaling the portfolio to 2,245 apartment
homes including 481 on Mathilda apartment community in Sunnyvale, which
celebrated its completion in early December.
SummerHill Apartment
Communities is slated to complete Villas on the Boulevard, a 186-unit apartment
community in Santa Clara, in Spring 2017. SummerHill Apartment Communities is
also under construction on Origin, a 153-unit apartment project in Seattle,
Washington.
In 2017-2018, SummerHill
has plans to break ground on seven new apartment communities in California: 268
new residential units featuring a mix of apartments and condominiums in
Burlingame; 694 residential units and 36,000 square feet of retail space near
Milpitas BART Station;
a 537-unit apartment community near the Lawrence Station
Cal Train in Santa Clara; 151 residential units and 10,000 square feet of
retail space in Santa Clara; a 211-unit apartment community in Mountain View; a
105-unit apartment community in Pasadena; and a 255-unit apartment community in
Carlsbad for a total portfolio of 4,466 apartment units.
For a complete copy of the company’s news release,
please contact:
Anne Monaghan
MONAGHAN COMMUNICATIONS,
INC.
anne@MonaghanPR.com
830.997.0963
