Silver Bay Realty Trust Appoints Lawrence Shapiro As COO - Quick Facts

(RTTNews) - Silver Bay Realty Trust Corp. (SBY) announced that it has appointed Lawrence Shapiro as Chief Operating Officer, effective December 4, 2013. Shapiro replaces Patrick Freydberg who resigned as Chief Operating Officer on December 4, 2013 to pursue other opportunities.

Shapiro has served as Executive Vice President for Acquisitions for Silver Bay Property Corp. since its formation in December 2011. In this role, he led the acquisitions by Silver Bay's predecessor and Silver Bay. He also expanded his responsibilities to manage the Company's renovation activities starting in June 2013.

Prior to Silver Bay Property Corp.,Shapiro served as President of Provident Real Estate Advisors LLC, or Provident, where he led the acquisition, renovation, and leasing activities for funds managed by Provident that Silver Bay acquired in connection with its initial public offering. Previously, Shapiro served as the Chief Financial Officer for Rotlund Homes. He also served as the Chief Financial Officer of JMS Companies.