BETHESDA, Md., Feb. 15, 2017 /PRNewswire/ -- ROSS Companies, a leader in multifamily acquisitions, property management and renovation in the Mid-Atlantic region, today announces the hiring of Michael P. Daugard as vice president of acquisitions. Daugard comes to ROSS from Rubenstein Partners, a private real estate investment management and advisory firm. He has more than 17 years of experience in commercial real estate and has completed $4.5 billion of transactions in his career.
"We are very pleased to add Mike's talent and considerable expertise to the talented ROSS executive team," said Scott Ross, president of ROSS Development & Investment, an affiliate of ROSS Companies. "ROSS has experienced exciting and significant growth over the last several years. We have expanded our management portfolio, which was nearly entirely metro D.C.-based, to new markets, including Richmond, Va. Mike will play a key role in helping facilitate our strategic growth initiatives involving acquisitions of communities that fit our investment parameters and produce solid risk-adjusted returns."
Prior to his tenure at Rubenstein Partners, Daugard spent the majority of his career at Washington Real Estate Investment Trust, most recently as director of acquisitions and portfolio management. He has also held transaction-related roles for JLL, Lowe Enterprises and The Mills Corporation.
Daugard graduated cum laude with a Bachelor of Science degree in finance from the University of Maryland at College Park. He later served as an adjunct professor for six years, teaching classes in real estate finance and development.
About ROSS Companies
ROSS Companies, founded in 1983 in Bethesda, Md., is a recognized leader in multifamily acquisitions and investment, development, property management and renovation. With a managed portfolio of 14,150 apartment homes in 48 communities, the privately held company is one of the most active multifamily real estate firms in the Mid-Atlantic region. ROSS Companies is comprised of three affiliates – ROSS Development & Investment, ROSS Management Services and ROSS Renovation & Construction. In 2017, ROSS Development & Investment is celebrating its 34th anniversary and ROSS Management Services is celebrating 29 years in business. Last March, ROSS Management Services was honored for the second straight year with a National Resident Satisfaction Award from SatisFacts. In 2016, 12 ROSS-managed apartment communities were awarded the Apartment Ratings' 2015 Top Rated Award, reflecting ROSS Companies' unwavering commitment to customer satisfaction. These annual awards recognize communities with outstanding resident satisfaction ratings as measured on ApartmentRatings.com. For more information about ROSS Companies, visit Ross-Companies.com.
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SOURCE ROSS Companies