Last month, New York City–based Brookfield announced that Woodward, a former MFE Executive of the Year, has been hired to oversee the firm’s apartment business and strategy.
“We are very pleased to have someone of Dave’s caliber and reputation in the industry join the Brookfield team,” said Ric Clark, CEO of Brookfield Property Group, in a press release. “Bringing Dave in to lead this effort on our multifamily platform is an important next step as we expand our footprint.”
Brookfield has interests in 28,000 multifamily units, including a majority interest in Fairfield Residential, a San Diego–based owner, developer, and property manager of apartment properties nationally. The firm also has a number of deals in the works, including the privatization of Cleveland-based REIT Associated Estates.
“The Brookfield opportunity was a great one,” Woodward says. “They’ve acquired a whole lot of multifamily in the last five years.”
“I’ll run [Brookfield's] multifamily platform globally,” he says. “It’s everything from strategy to investments to development deals.”
“We're looking at all kinds of interesting things,” Woodward says. “We’re going to be active.”