Andrew Flahive Joins Amherst Holdings as President, Single Family Residential Capital

AUSTIN, Texas, May 13, 2015 /PRNewswire/ -- Amherst Holdings LLC, a leading financial services provider to institutional investors in the mortgage and structured finance sectors, announced today that Andrew Flahive has joined the company as President, Single Family Residential Capital.  Mr. Flahive joins Amherst from Goldman Sachs, where he started in 2004, and most recently served as a Managing Director and head of the Real Estate Equity Capital Markets group.

In this newly created position, Mr. Flahive will be responsible for leading Amherst's initiative to design and implement debt and equity financing strategies for its rapidly growing single family rental business.  As growth in the single family home sector has outpaced most other facets of the commercial property market, including multi-family apartments, Amherst has built a best-in-class portfolio of products and services for the sector that now includes brokerage and underwriting securities, private capital (short-term financing, permanent mortgages and equity investments), consulting and development, and a variety of real estate services ranging from property acquisition and dispositions, general contracting, leasing and administration. Mr. Flahive will oversee all debt and equity capital markets activity sponsored by Amherst affiliates. He will report to Chief Executive Officer Sean Dobson and Vice Chairman Roger Taylor, and be based in the company's Austin, TX office.

At Goldman Sachs, Mr. Flahive led more than 150 transactions totaling more than $90 billion, including offerings for several real estate investment trusts in the single family rental sector. He was a member of the Goldman Sachs team that worked directly with Amherst in exploring various capital markets solutions for the company's single family rental strategy, and has reviewed every single family rental platform in the market today.

"Drew brings incredibly valuable experience related to real estate investment strategies to Amherst," said Sean Dobson, Chief Executive Officer of Amherst Holdings. "The transformational shift in U.S. single-family consumption, from owning to leasing, has created a wealth of opportunities for investors as the market is growing dramatically.  As we continue to expand our investor-related services we believe Drew's deep understanding of the real estate capital markets will be a tremendous asset to Amherst and our clients. We are very pleased to welcome him to Amherst."

"The combination of Amherst's deep knowledge of the residential market, its unmatched securities capabilities and robust private capital offerings, as well as its industry leading data and analytics platform makes this the ideal moment to look to expand the company's single family portfolio by using a variety of sophisticated financing options," said Mr. Flahive. "I'm thrilled to be joining Sean, Roger and the rest of the team here."

Mr. Flahive graduated from Texas Christian University with a degree in finance and accounting.

About Amherst Holdings LLC
For over 20 years, the Amherst companies have provided institutional investors with a suite of financial services related to the U.S. mortgage markets and securitized products and were one of the few residential mortgage specialists to anticipate the 2008 mortgage crisis. Amherst's extensive data resources and proprietary analytical tools have been key drivers for positioning the firm as a market leader in the areas of behavioral economics and real estate lending risk analysis. Based on the company's advice and performance during the financial crisis, the company has become a valued advisor to many federal agencies and policy makers endeavoring to construct a more stable set of housing policies and programs. Amherst Holdings is majority employee-owned and has 547 associates around the globe. For more information please visit www.amherst.com

SOURCE Amherst Holdings LLC

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