CastleRock Residential sponsors and develops single-family residential (SFR) rental communities.
High mobility rates, student and consumer debt, reduced homeowner incentives, and tighter mortgage policies are causing millennials and other demographic groups to flock to SFR rentals. This is the second largest real estate asset type in the country, and comprises 37 percent of all total rental units in the United States.
Investors in SFR rentals through CastleRock Residential receive competitive advantages over investing in multifamily rentals (MFR). SFR rentals experiences less turnover, as renters are typically families that are more likely to have children enrolled in local school and prefer the privacy and space that single-family homes provide. These assets also generate higher yields and investment returns with more exit strategies, reducing risk. Nationwide, SFR rentals have had stronger rent growth with no down years–even during the recession.
Quinn’s Asset Management portfolio consists of over 2.7MM square feet of commercial real estate nationwide. Prior to her current roles within the fully-integrated real estate firms, Quinn was the Director of Business Development for a commercial real estate workout firm in San Diego, CA where she worked on more than $2B of TIC investments. Quinn was also a partner at a San Diego based construction and development firm, where she worked on development projects with government agencies, including the California Department of Parks and Recreation and the City of Pittsburg, California Redevelopment Agency.
Byron N. Plant, CCIM
Senior Vice President
As Senior Vice President of Castlerock Residential, Byron contributes experience of over 30 years in the commercial real estate business. His extensive knowledge includes multifamily and commercial real estate management, development, value-add repositioning, asset management, receiverships, foreclosures, strategic planning, financial analysis, valuation, budgeting/finance, marketing, human resources and sales. He has served as court-appointed Receiver on behalf of lenders on over 20 properties in Texas, Florida, Ohio, Illinois and Nevada. Byron’s experience also includes development and management of an independent-living senior housing portfolio in Houston.
He was awarded the MAI (Member of the Appraisal Institute) designation in 1992 and the CCIM designation in 1998. Byron has served on the CCIM chapter Board of Directors since 1999 and has chaired various committees. Byron’s involvement in the Houston Apartment Association includes serving the Board of Directors since 1998, President of the Houston Multifamily Fire Safety Alliance since 2002 and Membership Committee Chair in 2005. Byron is also a licensed real estate broker in the state of Texas and member of the Urban Land Institute (ULI). He graduated from Florida State University in 1986 with Bachelor of Science Degrees in Real Estate and Finance.