Previous division presidents to oversee newly
created East, Central and West regions
CHARLOTTE, N.C., Sept. 20,
2022 /PRNewswire/ -- Quarterra Multifamily
(QMF), a subsidiary of Lennar Corporation and a vertically
integrated multifamily apartment builder, developer, and asset
manager, announced the promotions of three division presidents to
regional presidents. Chris Cassidy,
Scott Johnson and Brad Reisinger will oversee Quarterra's newly
created East, Central and West regions, respectively.
Cassidy will lead the East Region, consisting of 18,226 homes in
the Southeast, Carolinas, DC Metro, Boston Metro and New
York Metro divisions. Cassidy served as division
president for 11 years over Tennessee, Georgia, Alabama and Florida.
Johnson will oversee the Central Region, made up of 13,947 homes
in the Mountain Southwest, Texas
and Central divisions. Johnson spent nearly 10 years as
division president over the Mountain States and Southwest.
The West Region, led by Reisinger, includes 15,880 homes in the
Pacific Northwest, Northern
California and Reno, and
the Southern California and
Las Vegas divisions. Reisinger
previously served as Quarterra division president in the Pacific
Northwest for nearly 11 years.
"We selected Chris, Scott and Brad for these roles based on
their professional experience, tenure with the company and the
performance they have demonstrated in leading the top three
consistently ranked divisions in the country," said Ed Easley, Quarterra President of Development
and Construction. "As we grow and evolve at Quarterra, we will
continually evaluate our organizational structure to support our
growth projections, enable scalability and set up our teams for
success. As our next step in that endeavor, we're pleased to
announce the advancement of these three deserving individuals."
Quarterra Multifamily operates a diverse portfolio of
institutional quality multifamily rental communities across
the United States. The company has
a 48,000-home pipeline of communities, ranging from operating to
under pre-development, that exceeds $19.8
billion of high-rise, mid-rise and garden apartments.
About Quarterra
Multifamily
Quarterra Group, Inc., a wholly-owned subsidiary of Lennar
Corporation (NYSE:LEN and LEN.B), is a multi-strategy, real estate
focused, alternative asset management company comprised of two
rapidly growing verticals: Multifamily and Single-Family
Rental. Launched in 2011, Quarterra Multifamily, previously
known as LMC, is among the nation's most active developers,
builders, and managers and has been on the National Multi-Housing
Council's (NMHC) annual Top 50 list for eight consecutive years.
Quarterra Single-Family Rental launched in 2020 to provide
individuals, couples, and families who prefer to rent over home
ownership the opportunity to live in exceptional neighborhoods with
great amenities. It is anticipated that Quarterra will spin-off
from Lennar and become an independent, NYSE listed, Alternative
Asset Manager later this year under ticker symbol "Q". For
additional information, please visit Quarterra.com.
Quarterra creates extraordinary communities where people
can live remarkably.
Media Contact
Marlena DeFalco
LinnellTaylor Marketing
303-682-3943
marlena@linnelltaylor.com
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SOURCE Quarterra