Bay Apartment Communities Names Max Gardner Executive Vice President and Chief Operating Officer; Geoffrey L. Baker Named Chief Acquisition and Development Officer.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 14, 1995--Bay Apartment Communities (NYSE NYSE See: New York Stock Exchange :BYA) a real estate investment trust which owns 24 apartment communities in Northern California containing more than 6,150 apartment homes, today announced that Max L. Gardner, president of Trammell Crow Residential Services-West, is joining the company as executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Trammel Crow Residential Services-West provides management services for 55 multi-family residential communities on the West Coast, a significant portion of which are located in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . Gardner assumed the presidency of the company in 1990 and under his leadership it has grown from 5,000 units to more than 16,000 units under management, and from 150 to more than 450 employees. Gardner joined the company in 1988 as a regional partner for development finance. Gardner will join Bay in early December. In his new position, Gardner will be responsible for the company's operations and financial activities. Geoffrey L. Baker, 35, has been named chief acquisition and development officer. He will continue to supervise Bay's aggressive acquisition, development and redevelopment activities. Baker joined Bay four years ago and was a significant participant in its initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ). Since the IPO, Baker has been responsible for the successful acquisitions and redevelopment of 13 communities and for the new development of three other communities. Baker was also key in Bay's recent $89.4 million Fannie Mae Fannie Mae: see Federal National Mortgage Association. financing. "One of our major goals is to increase the depth and breadth of senior management and Max's joining the company is a major milestone in that effort," noted Gilbert M. Meyer, chairman and president of Bay. "He brings to Bay," Meyer continued, "extensive and broad experience in multi-family residential real estate which will be of tremendous value as we continue to grow the company." Prior to joining Trammell Crow, Gardner, 44, was with the East/West Partners, a Richmond, Va., development company, where he served as general manager of a 2,600 acre planned community, and as chief financial officer for several of the firm's other projects. Gardner, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , was also with the Atlanta office of Arthur Andersen & Co., for three years. Gardner has a Bachelors degree in Political Science from Duke University and a Masters degree from the Business School at Georgia State University History Georgia State University was founded in 1913 as the Georgia School of Technology's "School of Commerce." The school focused on what was called "the new science of business. . Baker has a B.A. in Economics and an M.B.A. from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . Bay Apartment Communities is a fully integrated, multi-family real estate investment trust focused on the acquisition, development, reconstruciton and management of high-quality apartment communities in Northern California. The company owns 24 apartment communities containing more than 6,150 apartment homes in the San Francisco Bay Area and Northern California. -0- Note to Editors: Gardner and his wife Artyn live in Atherton, California. CONTACT: Bay Apartment Communities Gilbert M. Meyer, 408/983-1500 |
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