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.
Chief Operating Officer
Wade has over 20 years of commercial real estate experience, previously serving in executive roles in asset management, investment, and development, and brings institutional-quality skills and understanding of asset value maximization to the team. Wade’s prior experience includes acquisitions and due diligence, financial analysis, project management, equity and debt partner relationship-building, hard and soft-cost budgeting, dispositions, and oversight of interior and exterior renovation programs to add value and reposition assets. Wade graduated with a BA in Economics from UCSD, and a MBA with a concentration in Real Estate and Finance from SDSU.