Avenue5 Residential Promotes Lisa Ellis to Division President of the Northwest

SEATTLE, Sept. 20, 2017 /PRNewswire/ -- Avenue5 Residential, a multifamily property management services firm, announces that Lisa Ellis has been promoted to division president of the Northwest, effective immediately. Ellis' enhanced role aligns with her steadily expanding portfolio of properties, as she currently oversees 110 assets and 20,000 units spanning Northern California, Northern Nevada, Montana, Oregon, Utah, and Washington. In addition to overseeing a team of operations vice presidents in each of these states, she also leads Avenue5's new business initiatives and client success planning process.

"Lisa's ability to anticipate industry trends and market dynamics has helped us to create a range of services designed to effectively anticipate our clients' long-term needs," affirmed Steve Davis, chief operations officer at Avenue5. "We are pleased to appoint Lisa to a more influential role in order to increase her impact across our entire organization."

Ellis has worked in the multifamily industry since 1990. Prior to joining Avenue5, she oversaw Greystar's national client services platform and served as executive vice president at Riverstone Residential Group, vice president at BlackRock, director of asset management at Security Properties Incorporated, and vice president at Trammell Crow Residential Services. She holds expertise in acquisition underwriting and analysis, new development pre-construction planning, financial performance underwriting, asset repositioning, capital budget preparation functions, new development marketing and planning, business development, associate training, property operations and performance, and all facets of asset strategy formulation.

Reflecting on her experience at Avenue5, Ellis confirmed that Avenue5's substantial growth opportunities have proven compelling as she continues to build her track record.

"I chose to work at Avenue5 because I wanted to be surrounded by smart and talented people that I respect," noted Ellis. "Each step of our expansion has given me the chance to cultivate trusting relationships with our clients and Avenue5 operations leaders, to explore new facets of our industry, and to build an innovative service model from the ground up."

As Avenue5 CEO Walt Smith noted, Ellis' talents are invaluable at a time when the company is focusing on strengthening its infrastructure.

"Lisa is a seasoned multifamily leader who has distinguished herself through her expertise in markets across the country and in her commitment to providing outstanding service for our clients," stated Smith. "She has a well-deserved reputation for empowering her regional operations leaders, and we look forward to watching their continued collaboration yield results for the multifamily owners we serve."

Lisa will continue to be based out of Avenue5's Seattle headquarters, and will continue to report to Davis.

About Avenue5 Residential
Avenue5, a multifamily property management services firm, oversees more than 200 properties and 40,000 units in 12 states. The company is headquartered in Seattle, and has offices in Denver, Phoenix, Portland, San Diego, and greater Washington, DC. Avenue5 also has local experts in major markets including Spokane, Southern and Northern California, Reno, Las Vegas, Salt Lake City, Albuquerque, Colorado Springs, Austin, San Antonio, Dallas, and Baltimore. The firm employs about 1,100 associates nationwide. www.avenue5.com

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SOURCE Avenue5 Residential