Terwilliger to Step Down
The man likely responsible for developing more multifamily housing than anyone in the country is retiring.
Ron Terwilliger, who estimates that he has built nearly 250,000 units of housing during his 30-year-plus career, will step down as chairman of Dallasbased Trammell Crow Residential (TCR), effective Dec. 31, 2009. He will remain advisory director of the TCR Management Board.
“Over the last decade, my interest has been shifting from a very dedicated focus on TCR and rental apartments to nonprofits and trying to help those who are less fortunate than I have been,” Terwilliger says.
He donated $5 million to the Urban Land Institute to establish the J. Ronald Terwilliger Center for Workforce Housing; $100 million to Habitat for Humanity International; and $5 million to Enterprise Community Partners to generate more than $130 million worth of affordable housing throughout the country.
Terwilliger, who joined TCR in 1978, also mentored an all-star lineup of developers that went on to start their own firms, including Wood Partners' Leonard Wood; former Gables Residential CEO Chris Wheeler; AvalonBay Communities' chairman and CEO Bryce Blair; and Alliance Residential president Bruce Ward.
Kettler Taps Buchanan For President
Kettler Management Corp., a McLean, Va.-based multifamily owner and manager, announced that executive vice president Andrew Buchanan replaced Rick Hausler as president of the company at the end of June.
Hausler, who left Kettler after a 23-year tenure to pursue a career in nonprofit government, will remain a minority stakeholder in the company.
Buchanan will oversee the company's three large development and management projects: a management deal for Trammell Crow Residential's Alexan CityView, a 544-unit apartment complex in Bayonne, N.J., and mixed-use development projects in Leesburg and Arlington, Va.
—Amber V. Smith
FHA Commish Sworn In
David Stevens was sworn in as assistant secretary for housing and Federal Housing Administration (FHA) commissioner at HUD in July. He will be responsible for overseeing the $600 billion FHA insurance portfolio and the department's multifamily subsidized housing program. Stevens was previously president and COO of the Long & Foster Cos.