Leadership and investment strategy
The Milestone Group promoted Rob Strong to head of acquisitions, the investment manager announced Nov. 10. Strong will be responsible for the team’s daily operations and transaction execution. He will work alongside Jeffrey Goldberg, the firm’s co-founder and co-managing partner, who will continue to lead sourcing and deal efforts. THE MILESTONE GROUP NAMES ROB STRONG AS HEAD OF ACQUISITIONS
Goldberg said in the company’s announcement that he would remain focused on originating investments and maintaining the relationships behind them. He said the leadership structure comes as Milestone invests Milestone Real Estate Investors VI, a fund with $1.1 billion in committed capital. THE MILESTONE GROUP NAMES ROB STRONG AS HEAD OF ACQUISITIONS
Before joining Milestone, Strong was a managing director at Ares Management Corporation, where he focused on its U.S. diversified real estate equity strategy. Earlier, he was a managing director in Lone Star Funds’ U.S. real estate group. Milestone said Strong played key roles in acquisitions of more than 50,000 multifamily units during nearly a decade at Lone Star. THE MILESTONE GROUP NAMES ROB STRONG AS HEAD OF ACQUISITIONS
Strong began his career in Goldman Sachs’ investment banking division and holds a finance and accounting degree from Texas Christian University, according to the announcement. Milestone, founded in 2003, describes itself as a privately held manager focused on value-add multifamily investments in major U.S. metropolitan markets. The firm says it invests through discretionary equity funds and has made more than $9 billion in multifamily investments encompassing over 90,000 units. THE MILESTONE GROUP NAMES ROB STRONG AS HEAD OF ACQUISITIONS
