The executive management teams for the San Ramon, Calif.–based SummerHill Housing Group have had some movement in recent weeks.
SummerHill Homes and SummerHill Apartment Communities, both of which are part of the SummerHill Housing Group, announced executive management reorganization and promotions this month:
Douglas L. McDonald, SummerHill Housing Group’s chief financial officer/executive vice president/managing director, has been named chief operating officer of SummerHill Apartment Communities.
Chris Neighbor, who has been serving as SummerHill Housing Group’s executive vice president/managing director, has been promoted to the position of chief operating officer of SummerHill Homes.
Marjorie Szto, SummerHill Homes’ vice president, controller, has been named senior vice president, corporate finance and accounting, for SummerHill Housing Group.
McDonald, in his new capacity as SummerHill Apartment Communities’ COO, will have management responsibilities for land acquisitions, finance, construction, asset management and asset dispositions. “Doug McDonald has been a great business partner for me during my entire tenure with the company,” said [Robert] Freed [president and CEO of SummerHill Housing Group]. “Doug’s responsibilities have gone well beyond the traditional role of a chief financial officer. He has been a key driver of our day-to-day operations, thus ensuring that we deliver consistently high levels of financial performance."
In 2016, SummerHill Apartment Communities completed several Silicon Valley luxury residential rental communities, bringing the firm's total portfolio there to 2,245 apartment homes, including 481 at the Mathilda apartment community in Sunnyvale, which celebrated its completion in early December. SummerHill Apartment Communities is slated to complete Villas on the Boulevard, a 186-unit apartment community in Santa Clara, in spring 2017. The company is also under construction on Origin, a 153-unit apartment project in Seattle.
In 2017–2018, SummerHill plans to break ground on seven new apartment communities in California: 268 new residential units featuring a mix of apartments and condominiums in Burlingame; 694 residential units and 36,000 square feet of retail space near Milpitas BART Station; a 537-unit apartment community near the Lawrence Station Cal Train in Santa Clara; 151 residential units and 10,000 square feet of retail space in Santa Clara; a 211-unit apartment community in Mountain View; a 105-unit apartment community in Pasadena; and a 255-unit apartment community in Carlsbad, for a total portfolio of 4,466 apartment units.