About Waterton

Mr. Schwartz co-founded Waterton with Peter Vilim in 1995 and serves as CEO and chairman. Mr. Schwartz is responsible for strategic decisions and leadership of the firm’s business activities and operations, and participates on the Management and Investment Committees.

Prior to co-founding Waterton in 1995, Mr. Schwartz was a vice president of acquisitions for Equity Residential Properties Trust (EQR-NYSE) and, from 1985 through 1989, was with AMLI Realty Co.

Mr. Schwartz holds a bachelor’s degree in economics from the University of Illinois and an MBA from the University of Chicago Booth School of Business. He is a member of the executive committee, a senior officer and immediate past chair of the National Multi Housing Council (NMHC). He is a member of the Urban Land Institute (ULI) and is previous chair of the ULI Multifamily Blue Council and a member of the Pension Real Estate Association (PREA). Mr. Schwartz is a member of the Advisory Council for the Pritzker School of Medicine and the Department of Biological Sciences at the University of Chicago, and serves on the Strategic Advancement Committee for the U.S. Holocaust Museum and Memorial in Washington D.C.

Mr. Vilim co-founded Waterton with David Schwartz in 1995 and serves as vice chairman. Mr. Vilim assumed the role of vice chairman in January 2017 to spend increasing time with philanthropic and civic organizations focused on ending homelessness and providing affordable housing. Mr. Vilim continues to work from the firm’s Chicago headquarters and participates on the Management, Investment and Valuation Committees.

Prior to co-founding Waterton in 1995, Mr. Vilim was an investment officer with Berkshire Realty Company, Inc., responsible for Midwest acquisitions, dispositions and financings. Prior to joining Berkshire, he was the investment officer for AMLI Realty Co. Mr. Vilim started his career as a certified public accountant, working in the national real estate tax practice departments of both Coopers & Lybrand and Peat Marwick Mitchell.

Mr. Vilim holds a bachelor’s degree in accounting from the University of Illinois and a master’s degree in taxation from DePaul University. Mr. Vilim serves on the Board of Directors of All Chicago – Making Homelessness History, the collaborative applicant for HUD funding of homeless services in Chicago. He serves on the Property and Grounds committee for Bridge Communities, a non-profit transitional housing provider. He is on Advisory Councils for Mercy Housing Lakefront, a non-profit program restricted housing provider, and Housing Opportunities for Women, a non-profit developer, owner and operator of program restricted housing for women.

Ms. Ankin joined Waterton in 2009 and serves as managing partner and general counsel. In this role, she is responsible for fund and corporate structuring, transaction negotiations, litigation and claims as well as the firm’s talent management and general human resource functions. Ms. Ankin also oversees corporate compliance under local, state, federal and other jurisdictional laws, including the firm’s status as a Registered Investment Adviser. Ms. Ankin participates on the firm’s Management and Investment Committees.

During her tenure with the firm, Ms. Ankin has been involved in transactions exceeding $9.3 billion in aggregate value. Ms. Ankin also manages licensing at the corporate and site levels and oversees Waterton’s insurance program and previously served as co-chair of the firm’s Culture Committee. Prior to joining Waterton, Ms. Ankin was a real estate and finance associate at a Chicago-based law firm.

Ms. Ankin holds bachelor's degrees in english and political science from the University of Michigan, Ann Arbor, and earned her Juris Doctor from Chicago-Kent College of Law. She is a member of the National Multifamily Housing Council (NMHC) and the Urban Land Institute (ULI).

Ms. Brock joined Waterton in 2021 and serves as managing partner, property management. In this role, she is responsible for leading the firm’s operations team and driving the overall operations strategy for the firm’s national multifamily portfolio. Ms. Brock participates on the firm’s Management and Investment Committees.

Prior to joining Waterton, Ms. Brock served as the senior vice president of multifamily asset management and operations at McWhinney Real Estate Services, co-leading the multifamily business unit and leading the firm’s entry into the Texas market by way of acquisition. She previously served as president of US Residential, responsible for operations at more than 40,000 units in 35 markets across the country, and as senior managing director for Greystar Real Estate’s Central Mountain Division, comprising 50,000 units in 18 states.

Ms. Brock holds a bachelor’s degree in journalism from The University of Texas, Austin.

Mr. Hurd joined Waterton in 2013 and serves as managing partner, investment management. Mr. Hurd collaborates with the firm’s executive management and works closely with the acquisition and capital market teams to oversee all real estate transactions. He helps to set strategy and further develop the firm’s market focus, investment execution and network of industry relationships. Mr. Hurd participates on the firm’s Management, Investment and Valuation Committees.

Mr. Hurd has over 35 years of real estate investing experience with a strong focus on multifamily. Prior to joining Waterton, Mr. Hurd was the co-founder, president and chief investment officer of Strategic Capital Partners, a privately held real estate investment management company that invested over $1 billion in value add multifamily, hotel and commercial properties across the country. Prior to that, Mr. Hurd spent almost 20 years at GE Capital Real Estate ("GE"), where he was most recently a managing director responsible for GE’s institutional real estate equity program. While at GE, Mr. Hurd invested just under $2 billion in various equity joint ventures, preferred equity, mezzanine debt and convertible preferred equity strategies.

Mr. Hurd holds a bachelor’s degree from Ohio Wesleyan University and an MBA from Drexel University. He is a board member of The Catalyst Schools, a Chicago based chartered school organization. Mr. Hurd is a member of the National Multi Housing Council (NMHC) and a member of the Urban Land Institute (ULI) Multifamily Silver Council. He is also on the board of Up for Growth Action.

Mr. Lukowski joined Waterton in 2006 and serves as managing partner, portfolio management. In this role, Mr. Lukowski is responsible for the oversight of the portfolio management team for the firm’s multifamily portfolio and collaborating with investors on its investments. He oversees the execution of fund and asset level business plans and hold sell strategies, valuations and appraisals, compliance with fund and investor agreements, real estate tax administration and commercial leasing. Mr. Lukowski participates on the firm’s Management, Investment, ESG and Valuation Committees.

Prior to joining Waterton, Mr. Lukowski spent almost 20 years at Heitman LLC, most recently as senior vice president, portfolio management. In this role, he acted as senior portfolio manager for public and corporate pension fund clients and was responsible for the selection and oversight of third party management firms, monitoring of property operations and leasing, and coordinating investor accounting, performance and valuations. Mr. Lukowski was also employed by the accounting firm of Pannell Kerr Forster in the real estate appraisal department while attending DePaul University.

Mr. Lukowski holds a bachelor’s degree in finance and an MBA from DePaul University. He served as Chairperson of the Performance Measurement Committee of National Council of Real Estate Investment Fiduciaries (NCREIF) from 1995 – 1996 and has been a member since 1989. He previously served as a member of the International Council of Shopping Centers and is a member of the Pension Real Estate Association (PREA), National Multi-Housing Council (NMHC) and National Association of Real Estate Investment Managers (NAREIM). Mr. Lukowski is an Executive Committee sponsor member of DePaul’s Driehaus College of Business, The Real Estate Center and a board member of the One for the Kids charity organization.

Ms. Marszewski joined Waterton in 2019 and serves as managing partner and chief financial officer. In this role, she is responsible for the direct oversite of finance, corporate, residential and hospitality accounting, as well as the firm’s tax, treasury, and benefits and compensations functions. Ms. Marszewski participates on the firm’s Management, Investment and Valuation Committees.

Prior to joining Waterton, Ms. Marszewski was CFO of Brookfield Properties retail group where she oversaw all aspects of the accounting and finance functions including property and operational accounting, SEC reporting and compliance, corporate finance, financial planning and analysis, and taxation. She was previously chief accounting officer of General Growth Properties, Inc., which later merged with Brookfield, and, prior to that spent 10 years as a senior manager in the real estate audit practice at KPMG, focused on both public and private REITs as well as equity funds.

Ms. Marszewski holds a bachelor's degree in accounting from the University of Illinois and is a Certified Public Accountant. Ms. Marszewski is a member of the American Institute of Certified Public Accountants (AICPA) and a former member of the National Association of Real Estate Investment Trust’s (NAREIT) Best Financial Practices Council and co-chair of its Accounting Committee.

Ms. Wells joined Waterton in 2013 and serves as managing partner, capital raising and investor relations. In this role, Ms. Wells is responsible for fund development and capital raising and oversees ongoing investor and consultant relations, marketing and communications. Ms. Wells participates on the firm’s Management, Investment and Culture Committees.

Ms. Wells has been involved in real estate investment management since 2000. Prior to joining Waterton in 2013, Ms. Wells was a director with RREEF Real Estate where she was responsible for West Coast client and consultant relations. Previously, Ms. Wells led the investor communication teams at The Praedium Group and AIG Global Real Estate and began her career in real estate-focused investor communications with AMB Property Corporation (now Prologis) where she managed investor relations.

Ms. Wells holds a bachelor’s degree in English literature from the University of California, San Diego and a master’s degree in education from the University of California, Santa Barbara. Ms. Wells previously held Series 7 and 63 designations from FINRA and is a board member of Women in Real Estate’s Chicago chapter. She is a member of the Urban Land Institute (ULI) and the Multifamily Platinum Council; Pension Real Estate Association (PREA) and the National Multi Housing Council (NMHC).

Mr. Mering joined Waterton in 2019 and serves as executive vice president, hospitality. In this role, he is responsible for the formulation and execution of the firm’s hotel investment strategy, oversight of asset management and further developing investor relationships. Mr. Mering participates on the firm’s Management Committee.

Prior to joining Waterton, Mr. Mering spent six years with Graves Hospitality as director of development, where he was responsible for identifying new hospitality development and acquisition opportunities, and oversight of the company’s food and beverage operations. Prior to Graves Hospitality, Mr. Mering was a Principal at Salita Development, where he served as director of development.

Mr. Mering holds a bachelor’s degree in international relations from Michigan State University, and an MBA from the University of Chicago, Booth School of Business. Mr. Mering is also involved with All Kids Play, a non-profit with a mission to transform the lives of financially disadvantaged kids through youth sports.

Mr. Hurd joined Waterton in 2013 and serves as managing partner, investment management. Mr. Hurd collaborates with the firm’s executive management and works closely with the acquisition and capital market teams to oversee all real estate transactions. He helps to set strategy and further develop the firm’s market focus, investment execution and network of industry relationships. Mr. Hurd participates on the firm’s Management, Investment and Valuation Committees.

Mr. Hurd has over 35 years of real estate investing experience with a strong focus on multifamily. Prior to joining Waterton, Mr. Hurd was the co-founder, president and chief investment officer of Strategic Capital Partners (“SCP”), a privately held real estate investment management company that invested over $1 billion in value add multifamily, hotel and commercial properties across the country. Prior to that, Mr. Hurd spent almost 20 years at GE Capital Real Estate, where he was most recently a managing director responsible for GE’s institutional real estate equity program. While at GE Capital, Mr. Hurd invested just under $2 billion in various equity joint ventures, preferred equity, mezzanine debt and convertible preferred equity strategies.

Mr. Hurd holds a bachelor’s degree from Ohio Wesleyan University and an MBA from Drexel University. He is a board member of The Catalyst Schools, a Chicago based chartered school organization. Mr. Hurd is a member of the National Multi Housing Council and a member of the Urban Land Institute (ULI) Multifamily Silver Council. He is also on the board of Up for Growth Action.

Mr. Mering joined Waterton in 2019 and serves as executive vice president, hospitality. In this role, he is responsible for the formulation and execution of the firm’s hotel investment strategy, oversight of asset management and further developing investor relationships. Mr. Mering participates on the firm’s Management Committee.

Prior to joining Waterton, Mr. Mering spent six years with Graves Hospitality as director of development, where he was responsible for identifying new hospitality development and acquisition opportunities, and oversight of the company’s food and beverage operations. Prior to Graves Hospitality, Mr. Mering was a Principal at Salita Development, where he served as director of development.

Mr. Mering holds a bachelor’s degree in international relations from Michigan State University, and an MBA from the University of Chicago, Booth School of Business.

Mr. Masinter joined Waterton in 2011 and serves as executive vice president, acquisitions. In this role he is responsible for overseeing the multifamily acquisitions team. Mr. Masinter participates on the firm’s Management Committee.

Prior to joining Waterton, he was the executive vice president at Fifield where he oversaw multifamily acquisitions nationwide. Prior to Fifield, Mr. Masinter was the chief investment officer at Covington Realty Partners, where he oversaw the acquisition and portfolio management of over $300 million in multifamily and commercial properties. Prior to Covington, he was the vice president of acquisitions with The Laramar Group and with Heitman, LLC, and acquired over $1 billion worth of multifamily and commercial properties.

Mr. Masinter holds a bachelor’s degree in business administration from Washington University in St. Louis. He has previously held the Certified Public Accountant (CPA) designation and is a member of the American Institute of Certified Public Accountants (AICPA). He is a member of the National Multi Housing Council and the Urban Land Institute.

Mr. Carlson joined Waterton in 2011 and serves as executive vice president, capital markets. In this role, he is responsible for sourcing, arranging and negotiating debt financing for the firm’s acquisitions as well as its existing portfolio of properties. He also leads the firm’s Freddie Mac KJ Series investment activities.

Mr. Carlson has been involved in real estate debt capital markets and private equity since 1997. Prior to joining Waterton, Mr. Carlson was a senior vice president at Bank of America Merrill Lynch in its Real Estate Corporate Banking Group, where he was responsible for structuring, underwriting and managing a $1 billion portfolio of bank loans to REIT, Homebuilder and Real Estate Opportunity Fund clients. Mr. Carlson also spent five years in Bank of America’s Debt Capital Markets business, where he executed over 35 private placement transactions raising over $7 billion in long-term debt for clients in diverse industries in Europe, Australia, New Zealand and North America. Earlier in his career, Mr. Carlson was an associate director in MetLife’s Private Equity Investment Group and a senior consultant at Accenture.

Mr. Carlson holds a bachelor’s degree in economics from Dartmouth College and an MBA from the University of Michigan. He is a member of the National Multi Housing Council (NMHC).

Mr. Ibasco joined Waterton in 2017 and serves as vice president, acquisitions. In this role he is responsible for sourcing and underwriting multifamily acquisitions in the Southwest, Pacific Northwest and West Coast markets of the United States.

Prior to joining Waterton, Mr. Ibasco worked for J.P. Morgan as an analyst where he was responsible for building projection models, creating cash flow analyses, constructing cash management strategies, and played a key role in an educational initiative that involved analyzing alternative investment offerings for new funds.

Kevin holds a Bachelor of Arts in mathematics with a minor in economics from Northwestern University.

Ms. Heigel joined Waterton in 2018 and serves as senior vice president, acquisitions. In this role she is responsible for sourcing and underwriting multifamily acquisitions in the Eastern United States.

Prior to joining Waterton, Ms. Heigel held the role of vice president at Pearlmark Real Estate where she supported both high-yield debt and equity origination efforts in the Midwest and Southeast. Prior to that, Ms. Heigel was a financial analyst with PNC Bank in Pittsburgh, where she completed commercial credit training and graduated from the Real Estate Banking Development Program.

Ms. Heigel is a member of the Urban Land Institute (“ULI”) and currently participates as a member of the ULI Chicago Program Committee. She is also a member of the ULI National Multifamily Council (“MFC”) - Bronze and serves as a representative on the MFC-DEI committee. Ms. Heigel also volunteers her time as an Associate Board Member for City Year Chicago.

Ms. Heigel holds a Bachelor of Science in business administration in finance with a minor in economics from The Ohio State University.

Mr. Stern joined Waterton in 2019 and serves as vice president, acquisitions. In this role, he is responsible for sourcing and underwriting multifamily acquisitions in the Northeast United States, Texas and Southern California markets.

Prior to joining Waterton, Mr. Stern was an associate with Jaguar Growth Partners where he was responsible for sourcing, analyzing and executing new investments, and designing and implementing value add strategies for existing portfolio companies. Previously, Mr. Stern worked for The Stahl Organization where he was responsible for pursuing new investment opportunities and Apple Bank, a subsidiary of The Stahl Organization, where he analyzed commercial mortgages for income producing properties.

Mr. Stern holds a bachelor’s degree in economics from the University of Michigan and an MBA from Columbia Business School.

Mr. Mog joined Waterton in 2018 and serves as assistant vice president, acquisitions. In this role he assists with the sourcing, underwriting, due diligence and financing of the firm’s acquisition opportunities in the Southeast and Midwest United States. He also assists with the firm’s Freddie Mac K Series investment activities.

Prior to joining Waterton, Mr. Mog was an associate at Bank of America Merrill Lynch in its Real Estate Corporate Banking group, where he assisted in structuring, underwriting and managing a portfolio of bank loans for REIT, Real Estate Opportunity Fund and Homebuilder clients.

Mr. Mog holds a bachelor’s degree in economics and political science from the University of Wisconsin-Madison. He is a member of the Wisconsin Real Estate Alumni Association.

Mr. Rath joined Waterton in 2017 and serves as assistant vice president, acquisitions. In this role he assists with the sourcing, underwriting, due diligence and financing of the firm’s multifamily acquisition opportunities in the Northeast United States, Texas and Southern California. Mr. Rath began his career at the firm and previously served as senior acquisitions analyst.
Mr. Rath holds a Bachelor of Business Administration in finance and economics from The University of Iowa Tippie College of Business.

Mr. Everett joined Waterton in 2021 and serves as vice president, market research and strategy. In this role, Mr. Everett is responsible for the direct oversight of all research functions at the firm including contributions to acquisition analysis, portfolio management, and fundraising efforts.

Prior to joining Waterton, Mr. Everett was Head of Research and Strategy at Benchmark Senior Living. He was previously Senior Managing Consultant at CoStar Portfolio Strategy where he was a multifamily strategy consultant for some of the largest investment managers, life insurers, pension funds, banks, and private equity funds in the U.S. Prior to that, he worked as a consultant at The Concord Group, a boutique national real estate consulting firm where he worked a wide range of housing market analysis, ranging from feasibility studies, to product program recommendations, to portfolio valuations for both for-sale and for-rent product.

Mr. Everett holds a Bachelor of Arts degree in political science from John Hopkins University. He is a member of the Urban Land Institute (ULI) where he is co-chair of the Research Forum. He is also a member of the National Multifamily Housing Council (NMHC).

Mr. Lukowski joined Waterton in 2006 and serves as managing partner, portfolio management. In this role, Mr. Lukowski is responsible for the oversight of the portfolio management team for the firm’s multifamily portfolio and collaborating with investors on its investments. He oversees the execution of fund and asset level business plans and hold sell strategies, valuations and appraisals, compliance with fund and investor agreements, real estate tax administration and commercial leasing. Mr. Lukowski participates on the firm’s Management, Investment, ESG and Valuation Committees.

Prior to joining Waterton, Mr. Lukowski spent almost 20 years at Heitman LLC, most recently as senior vice president, portfolio management. In this role, he acted as senior portfolio manager for public and corporate pension fund clients and was responsible for the selection and oversight of third party management firms, monitoring of property operations and leasing, and coordinating investor accounting, performance and valuations. Mr. Lukowski was also employed by the accounting firm of Pannell Kerr Forster in the real estate appraisal department while attending DePaul University.

Mr. Lukowski holds a bachelor’s degree in finance and an MBA from DePaul University. He served as Chairperson of the Performance Measurement Committee of National Council of Real Estate Investment Fiduciaries (NCREIF) from 1995 – 1996 and has been a member since 1989. He previously served as a member of the International Council of Shopping Centers and is a member of the Pension Real Estate Association (PREA), National Multi-Housing Council (NMHC) and National Association of Real Estate Investment Managers (NAREIM). Mr. Lukowski is an Executive Committee sponsor member of DePaul’s Driehaus College of Business, The Real Estate Center and a board member of the One for the Kids charity organization.

Mr. Gerig joined Waterton in 2009 and serves as senior vice president, portfolio management for the multifamily portfolio. In this role Mr. Gerig is responsible for assets located in Arizona, Massachusetts, North Carolina, Texas and Virginia. He is responsible for the execution of portfolio business plan strategies and monitoring of fund compliance, as well as directing and managing support of analytical and reporting functions including appraisals, valuations and real estate tax and commercial leasing administration. Prior to joining the firm’s portfolio management team, Mr. Gerig held the role of assistant vice president, residential accounting.

Prior to joining Waterton, Mr. Gerig held the roles of senior portfolio accountant for Interra Development Partners, a real estate development firm partnered with Prudential Real Estate Investors, and senior associate at Ernst & Young, LLP.

Mr. Gerig holds a bachelor’s degree in accounting and finance from the University of Toledo. He is a licensed Certified Public Accountant and is a member of the American Institute of Certified Public Accountants (AICPA), Illinois CPA Society, Valuation Committee of the National Council of Real Estate Investment Fiduciaries (NCREIF), Chicago Real Estate Council, and Chicago’s Real Estate Investment Association.

Mr. Hahn joined Waterton in 2019 and serves as vice president, asset management. In this role, Mr. Hahn is responsible for the execution of asset business plans and strategies as well as directing and managing analytical, reporting and asset management functions for a targeted group of multifamily and seniors housing assets.

Prior to joining Waterton, Mr. Hahn spent over sixteen years at Kensington Realty Advisors (“Kensington”), most recently as vice president, and has been involved in the real estate industry since 2001. In his role at Kensington, Mr. Hahn was responsible for the asset management of a portfolio of multifamily, seniors housing and retail assets on behalf of pension fund and foreign capital investors. Additionally, during his tenure, Mr. Hahn executed the disposition of approximately $900 million of multifamily, seniors housing and student housing assets. Mr. Hahn began his career at Wangard Partners in Milwaukee, WI

Mr. Hahn holds a Bachelor of Science degree in information technology from Marquette University. He has been an active member of the Urban Land Institute since 2009 and participates in the group’s Chicago Local Product Council. Throughout his career, Mr. Hahn has been involved with the Chicago Real Estate Council, National Association of Real Estate Investment Managers and Young Real Estate Professionals.

Mr. Kruse joined Waterton in 2009 and serves as senior vice president, portfolio manager for the multifamily portfolio. In this role, Mr. Kruse is responsible for assets located in Maryland, Minnesota, New York, Virginia, North Carolina and suburban Illinois. Within these states, Mr. Kruse is responsible for all portfolio investments, including the creation and execution of annual business plans for each asset, working closely with operations, and assisting with property acquisitions and dispositions and monitoring fund and investor related compliance. He also is responsible for coordinating the monthly portfolio management/operations meetings to address budget/forecasting, portfolio trends, industry benchmarking and capital program management.

Prior to joining Waterton, Mr. Kruse served as portfolio manager with First Industrial Properties Trust where he was responsible for portfolio and financial oversight for several private equity joint ventures with clients CalSTRS, UBS Wealth Management and the Kuwait Finance House. He also served 12 years in various portfolio and investment management roles with Equity Office Properties Trust including role as the Director of Portfolio Management for regions totaling over 15 million square feet.

Mr. Kruse holds a bachelor’s degree in finance from the University of Wisconsin-Oshkosh.

Mr. Myers joined Waterton in 2015 and serves as vice president, portfolio management. In this role, Mr. Myers is responsible for asset management of the firm’s Freddie Mac subordinate debt investment activities, as well as administering analytical and reporting functions including valuations, appraisals, performance projections, and real estate taxes for the firm’s multifamily portfolio.

Prior to joining Waterton, Mr. Myers spent two years with Lee & Associates and served as an Associate Appraiser.

Mr. Myers holds a bachelor’s degree in finance and accounting from DePaul University.

Ms. Brock joined Waterton in 2021 and serves as managing partner, property management. In this role, she is responsible for leading the firm’s operations team and driving the overall operations strategy for the firm’s national multifamily portfolio. Ms. Brock participates on the firm’s Management and Investment Committees.

Prior to joining Waterton, Ms. Brock served as the senior vice president of multifamily asset management and operations at McWhinney Real Estate Services, co-leading the multifamily business unit and leading the firm’s entry into the Texas market by way of acquisition. She previously served as president of US Residential, responsible for operations at more than 40,000 units in 35 markets across the country, and as senior managing director for Greystar Real Estate’s Central Mountain Division, comprising 50,000 units in 18 states.

Ms. Brock holds a bachelor’s degree in journalism from The University of Texas, Austin.

Mr. Ferguson joined Waterton in 2016 and serves as senior vice president, regional operations. In this role, he oversees multifamily operations for all properties in the Western United States.

Prior to joining Waterton, Mr. Ferguson was a district manager for Related Management Company, where he directed the lease-up of two newly developed luxury apartment towers in downtown Chicago and managed a portfolio of high-end condominiums in Chicago’s South Loop. Previously, Mr. Ferguson spent nine years with Village Green Management serving in various roles including assistant vice president, where he managed a variety of urban and suburban assets for institutional clients throughout the Midwest.

Mr. Ferguson holds a Bachelor of Arts degree from Oakland University in Rochester, MI. He is an Illinois licensed real estate managing broker and serves as a member of the Chicagoland Apartment Association Board of Directors.

Mr. Scharfenberg joined Waterton in 2011 and serves as senior vice president, operations. In this role, he oversees multifamily operations for all properties in the Eastern United States. Prior to this role, Mr. Scharfenberg served as the general manager of Presidential Towers, the firm’s largest apartment community, located in Chicago, IL.

Prior to joining Waterton, Mr. Scharfenberg was a regional director for Holiday Retirement where he managed the operations and sales for senior living communities throughout the state of Washington. He also spent nine years with Oakwood Worldwide where he had oversight of corporate housing communities in major U.S. markets. Mr. Scharfenberg’s career started with the Four Seasons Hotel in Austin, Texas where he served in various managerial roles.

Mr. Scharfenberg holds a Bachelor of Science degree in hotel administration from University of Nevada – Las Vegas. He is a licensed broker in New York State.

Mr. Daley joined Waterton in 2015 and serves as executive vice president of design and construction. In this role, he is responsible for the design and construction functions of the firm’s residential and hospitality platforms. Mr. Daley participates on the firm’s Management Committee.

Mr. Daley has more than 40 years of experience in development and construction. Prior to joining Waterton, Mr. Daley was president for the Real Estate Capital division of Scout Development, where he was responsible for managing the internal team and consultants related to acquisition, capitalization, design, architecture, engineering, and field construction. Prior to joining Scout Development, Mr. Daley held the role of chief operating officer for Northern Heritage Development, a building and development company. He has extensive experience in both multifamily and hotel projects and is a member of the National Association of Home Builders (NAHB).

Ms. Blackall joined Waterton in 2019 and serves as vice president, design and construction. In this role, Ms. Blackall is responsible for the oversite of Waterton’s architectural, design and construction processes.

Ms. Blackall has 30 years of experience in the design and construction field. Prior to joining Waterton, Ms. Blackall worked for real estate firm Cushman and Wakefield as director of project management. Previously, she worked for Ford Fry Restaurants where she was vice president of development and Scout Capital as vice president of design and development.

Ms. Blackall holds a Bachelor of Architecture from Louisiana State University School of Architecture. She has been a licensed architect since 1990.

Mr. Burke joined Waterton in 2016 and serves as senior vice president, capital program management. In this role, he is responsible for overseeing the capital programs team for all multifamily projects.

Mr. Burke has over 30 years of construction experience, specializing in team building and leadership development. Prior to joining the firm, Mr. Burke was Head of Construction at the Complete Home Group where he successfully managed all aspects of the operation. Prior to that, he spent five years as chief operating officer at Broderick Building where he was responsible for oversight of the operations and construction teams.

Mr. Burke studied Economics and Finance at Southern New Hampshire University and is a licensed MA Construction Supervisor.

Mr. Floyd joined Waterton in 2022 and serves as senior vice president, operations for Pathway to Living. In this role, he is responsible for leading the firm’s operations team and driving the overall operations strategy for the firm’s national senior living portfolio.

Prior to joining Waterton, Mr. Floyd served as the vice president of community operations for Discovery Senior Living, the ninth largest provider of seniors housing in the United States. He previously served as senior vice president of operations at Enlivant Senior living, where he led the largest operating division, representing over 50 percent of total company revenue. Prior to Enlivant, he served as chief operating officer at Wingate Healthcare, and as senior vice president, of the mid-Atlantic region for Sunrise Senior Living, overseeing a portfolio of over 70 communities. He also previously served as vice president of team member services for Sunrise Senior Living, where he led departments within human resources to optimize service delivery for Sunrise’s 40,000 team members.

Mr. Floyd holds a bachelor’s degree in accounting, from Millikin University

Ms. Wells joined Waterton in 2009 and serves as vice president, transitions. In this role, she is responsible for oversight of operations during due diligence, underwriting and transition of assets for the firm’s acquisitions and dispositions. She also oversees the operations analytics task force management teams.

Prior to joining Waterton, Ms. Wells spent eight years with American Invsco, a national developer, as project manager for condominium conversions in Chicago and Las Vegas. She also worked for eight years at The Habitat Company, a Chicago multifamily property management company, where she managed a variety of high-rise apartment communities in downtown Chicago.

Ms. Wells holds a Bachelor of Arts degree in biology from Illinois Wesleyan University.

Ms. Castaneda joined Waterton in 2019 and serves as assistant vice president, operations. In this role, she is responsible for oversight of the firm’s properties in the Austin, Dallas, and Downtown Los Angeles markets. Prior to her current role, Ms. Castaneda held the role of regional manager with Waterton.

Ms. Castaneda has over 20 years of multifamily operations and management experience. Prior to joining Waterton, Ms. Castaneda was an asset manager at Braddock & Logan Services where she was responsible for oversight of operations and third-party management for a portfolio of properties in the Bay Area, Seattle and Denver markets. During her tenure in the industry, she has held positions with Equity Residential, Trammel Crow Residential Services and Investco Financial Corporation.

Ms. Fall-Ndoye joined Waterton in 2014 and serves as assistant vice president, operations. In this role, she is responsible for oversight of the firm’s properties in Georgia, Virginia and Raleigh, NC. Prior to her current role, Ms. Fall-Ndoye held the role of regional manager.

Prior to joining Waterton, Mrs. Fall-Ndoye was a property manager at Greystar and Archstone where she was responsible for oversight of operations, sales and marketing. She started her career in the hospitality industry as a Food and Beverage Outlets Manager with Ritz Carlton and a Hotel Assistant Manager with Hilton.

Ms. Fall-Ndoye holds a Bachelor of Science in business administration from Maryville University of Saint Louis in Chesterfield Missouri.

Mr. Pearce joined Waterton in 2013 and serves as executive vice president of information technology. In this role, Mr. Pearce is responsible for all technology used at the corporate offices, our multifamily communities and senior living facilities. He oversees the support of all technology in use, and is responsible for the implementation of strategic solutions and the ongoing improvement of the firm’s technology platforms.

Mr. Pearce has over 33 years of information technology and leadership experience. Prior to joining Waterton, Mr. Pearce was the head of information technology at Henderson Global Investors where he was responsible for the design, development and ongoing support of the technology infrastructure and systems used in support of Henderson’s Real Estate, Institutional and Retail (Mutual Fund) departments in Chicago, IL and Hartford, CT.

Mr. Pearce holds a Bachelor of Arts in business administration and information technology from the University of Hartford. He is a member of the National Multi Housing Council (NMHC) Innovation Committee and CIO Executive Council.

Mr. Kersten joined Waterton in 2020 and serves as vice president, business intelligence and reporting. In this role, he is responsible for developing reporting and business intelligence solutions; overseeing the implementation and ongoing maintenance and integrity of Waterton’s Data Warehouse; extracting, loading and analyzing data from and within the firm’s various data platforms and serves as the Waterton’s “data evangelist” managing intelligence across the firm’s portfolio.

Prior to joining Waterton, Mr. Kersten was vice president of data management at Performance Trust Capital Partners and director of business intelligence at OpenHouse Acquisitions.

Mr. Kersten holds a bachelor’s degree in economics, a master’s degree in management information systems and an MBA, all from the University of Illinois at Chicago.

Mr. Cole joined Waterton in 2015 and serves as vice president, information technology. In this role, Mr. Cole is responsible for leadership and oversight of the technology support groups, day-today-operations and strategic delivery of the firm’s technology.

Prior to joining Waterton, Mr. Cole spent two years with Northern Trust and served as IT project manager. Prior to joining Northern Trust, Mr. Cole spent 13 years with Central Maine Medical Center and served as Project Manager.

Mr. Cole holds a Bachelor of Science in business/industrial organizational psychology from Southern New Hampshire University.

Ms. Wells joined Waterton in 2013 and serves as executive vice president of investor relations. In this role, Ms. Wells is responsible for fund development and capital raising and oversees ongoing investor and consultant relations, marketing and communications. Ms. Wells is the chair of the firm’s Management Committee and participates on its Investment and Culture Committees.

Ms. Wells has been involved in real estate investment management since 2000. Prior to joining Waterton in 2013, Ms. Wells was a director with RREEF Real Estate where she was responsible for West Coast client and consultant relations. Previously, Ms. Wells led the investor communication teams at The Praedium Group and AIG Global Real Estate and began her career in real estate-focused investor communications with AMB Property Corporation (now Prologis) where she managed investor relations.

Ms. Wells holds a bachelor’s degree in English literature from the University of California, San Diego and a master’s degree in education from the University of California, Santa Barbara. Ms. Wells previously held Series 7 and 63 designations from FINRA and is a board member of Women in Real Estate’s Chicago chapter. She is a member of the Urban Land Institute (ULI) and the Multifamily Platinum Council; Pension Real Estate Association (PREA) and the National Multi Housing Council (NMHC).

Ms. Bakrins joined Waterton in 2010 and serves as senior vice president of investor relations. In this role, she is responsible for firm wide performance measurement, portfolio reporting and compliance, investor and consultant data requests, and also oversees Waterton’s communications activities. Prior to joining the investor relations team, Ms. Bakrins served as vice president, portfolio management.

Prior to joining Waterton, Ms. Bakrins worked in various accounting and finance roles at Heitman, most recently responsible for the oversight of accounting, financial reporting and analysis, including valuations, for a commingled fund with a value in excess of $1 billion across all property types as part of the private real estate equity division.

Ms. Bakrins holds a Bachelor of Business Administration in accounting from Loyola University Chicago. She is a Certified Public Accountant and an active member of NCREIF.

Ms. Wangyal joined Waterton in 2000 and serves as senior vice president of investor relations. In this role, Ms. Wangyal helps to manage the firm’s investor and consultant relations.

Prior to joining the investor relations team, Ms. Wangyal served in various capacities within the firm including legal, insurance and portfolio and risk management. She was also a key participant in the development and marketing of Waterton’s first commingled fund, Waterton Residential Property Venture XI, L.P.

Ms. Wangyal holds an MBA in real estate investments and finance from DePaul University and a bachelor’s degree in sociology and anthropology from Carleton College in Minnesota. She is a member of Pension Real Estate Association (PREA), National Council of Real Estate Investment Fiduciaries (NCREIF) and the Chicago chapter of Women in Real Estate (WIRE).

Ms. Steeg joined Waterton in 2022 and serves as senior vice president, marketing and communications. In this role, she is responsible for driving the firm’s corporate and property level internal and external communications strategies.
Ms. Steeg has over 25 years of real estate marketing and property operations experience. Prior to joining Waterton, Ms. Steeg served as the industry principal at Reach by RentCafe (a digital marketing agency within Yardi Services) where she served as liaison between the sales, marketing, and product development teams. She previously served as senior vice president marketing and training for Simpson Housing, where she was tasked with hiring, mentoring, and managing corporate and regional marketing associates. In that role she oversaw all corporate marketing and training initiatives for the firm’s 20,000-unit portfolio across 15 states.
Ms Steeg has served on the membership, careers and the National Apartment Association (NAA) Education Institute board of directors, as well as the National Multifamily Housing Council’s (NMHC) marketing and resident experience committee. Ms. Steeg serves as the President of Saint Vincent De Paul Society of Castle Rock Co., and is a founding member of the Castle Rock food pantry, an agency partner of Food Bank of the Rockies.
Ms. Steeg holds a Bachelor of Liberal Arts in history from Alma College in Alma, MI.

Ms. Cain joined Waterton in 2015 and serves as assistant vice president, investor relations. In this role, Ms. Cain is responsible for supporting the firm’s capital raising and ongoing investor and consultant relations, marketing and external communications.

Prior to joining Waterton, Ms. Cain began her career in the financial services industry, previously working at Golub Capital and KPMG.

Ms. Cain holds a bachelor’s degree in Accounting and Finance from Indiana University. Ms. Cain is a registered Certified Public Accountant in Illinois, and is a member of the Urban Land Institute (ULI) and the ULI Chicago Local Product Council.

Ms. Ankin joined Waterton in 2009 and serves as managing partner and general counsel. In this role, she is responsible for fund and corporate structuring, transaction negotiations, litigation and claims as well as the firm’s talent management and general human resource functions. Ms. Ankin also oversees corporate compliance under local, state, federal and other jurisdictional laws, including the firm’s status as a Registered Investment Adviser. Ms. Ankin participates on the firm’s Management and Investment Committees.

During her tenure with the firm, Ms. Ankin has been involved in transactions exceeding $9.3 billion in aggregate value. Ms. Ankin also manages licensing at the corporate and site levels and oversees Waterton’s insurance program and previously served as co-chair of the firm’s culture committee. Prior to joining Waterton, Ms. Ankin was a real estate and finance associate at a Chicago-based law firm.

Ms. Ankin holds Bachelor of Arts degrees in english and political science from the University of Michigan – Ann Arbor, and earned her Juris Doctor from Chicago-Kent College of Law. She is a member of the National Multifamily Housing Council and Urban Land Institute.

Mr. Aguiar joined Waterton in 2021 and serves as senior vice president, associate general counsel. In this role, Mr. Aguiar works closely with Waterton’s general counsel and legal team, providing legal leadership and strategic advice to management and assisting with all corporate legal and regulatory matters. This includes matters pertaining to risk management and mitigation, insurance, litigation, closing transactions, human resources, operations management and compliance.

Prior to joining Waterton, Mr. Aguiar worked for the City of Chicago for over 17 years. He began his career with the City as an attorney in the Constitutional and Commercial Litigation Division of the Department of Law, focusing on land use and zoning litigation. He subsequently served as a deputy commissioner, chief operating officer and general counsel for the City’s Department of Planning & Development and most recently as the administrative deputy for the City’s Department of Law, managing its daily operations.

Mr. Aguiar holds a Bachelor of Arts degree with a double major in English and government from Colby College and earned his Juris Doctor from The George Washington University School of Law, graduating with honors.

Mr. Joseph joined Waterton in 2017 and serves as senior vice president, chief compliance officer. In this role, he is responsible for the firm’s compliance program as required by the Investment Adviser’s Act as well as compliance with the firm’s fund documents. Prior to his current role, Mr. Joseph served as vice president, compliance for the firm.

Prior to joining Waterton, Mr. Joseph served as assistant vice president, service provider oversight at Nuveen Investments where he was responsible for the execution of Nuveen’s compliance oversight program. Mr. Joseph also served as assistant vice president, risk assessment and testing at Nuveen Investments where he was responsible for preparing the annual risk assessment that addressed regulatory and business risks, preparing testing plans and performing periodic testing. Before joining Nuveen Investments, he held the role of senior investments compliance and reporting analyst at Great West Life and Annuity. His experience also includes working at Spicer Jeffries, LLP as audit senior, and National Futures Association where he served as regulatory compliance audit manager.

Mr. Joseph holds a Bachelor of Arts in accounting from Indiana University.

Ms. Kyler joined Waterton in 2017 and serves as assistant vice president, internal audit and compliance. In this role, she is responsible for the firm’s risk-based compliance testing, reviewing and assessing the effectiveness of policies and procedures in compliance with Rule 206(4)-7. She also assists the CCO in the oversight of side letter requirements, managing third party vendor reviews and other ad hoc projects.
Ms. Kyler began her career at Waterton as a senior internal auditor where she was responsible for managing the property operational audits and joined the portfolio accounting team in 2011. In conjunction with the operational audits, Ms. Kyler was responsible for accounting and reporting for the funds.

Prior to joining Waterton, Ms. Kyler spent two years with Grant Thornton, LLP and three years with Baker Tilly Virchow Krause LLP (formerly, KGN) where she was an auditor in the real estate, governmental and not-for-profit practices.

Ms. Kyler holds a Bachelor of Science degree in accountancy from the University of Illinois at Urbana- Champaign.

Mr. Swenson joined Waterton in 2022 and serves as senior vice president, human resources. In this role, Mr. Swenson serves as the strategic leader for enterprise-level programs, initiatives, systems, policies, and procedures that reflect the organizational HR strategy. He is responsible for oversight of the firm’s human resource functions including learning & development, payroll, total rewards compensation and benefits, associate & labor relations, performance management, workplace diversity & inclusion, talent recruitment, engagement and compliance.

Prior to joining Waterton, Mr. Swenson served as vice president, human resources - global operations at James Hardie Building Products. Mr. Swenson also served as vice president, global total rewards and HR operations at James Hardie Building Products where he was responsible for global compensation and benefit programs as well as HR systems, process and policy. Prior to that, Mr. Swenson held various human resource leadership roles including chief people officer, vice president and director of human resources with CF Industries Holdings, Elkay Manufacturing Company, Gibson Brands, Powermate Corporation and Ideal Industries.

Mr. Swenson holds a Bachelor of Science in kinesiology from Indiana University - Bloomington, and attended University of Chicago, Booth School of Business’ Advanced Management Program

Courtney Brooks joined Waterton in 2021 and serves as vice president, talent . In this role, she is responsible for strategy and execution of talent acquisition for Waterton and Pathway to Living, a Waterton company. Ms. Brooks serves on Waterton’s ESG and Diversity and Inclusion Committees.

Prior to joining Waterton, Ms. Brooks worked for Greystar where she was responsible for the talent acquisition function for the East division and the U.S.-based student housing line of business comprising roughly 800 properties, 13 city offices and 5,000 employees.

Ms. Brooks holds a Bachelors degree in Business from Georgia State University.

Ms. Marszewski joined Waterton in 2019 and serves as managing partner and chief financial officer. In this role, she is responsible for the direct oversite of finance, corporate, residential and hospitality accounting, as well as the firm’s tax, treasury, and benefits and compensations functions. Ms. Marszewski participates on the firm’s Management, Investment and Valuation Committees.

Prior to joining Waterton, Ms. Marszewski was CFO of Brookfield Properties retail group where she oversaw all aspects of the accounting and finance functions including property and operational accounting, SEC reporting and compliance, corporate finance, financial planning and analysis, and taxation. She was previously chief accounting officer of General Growth Properties, Inc. (GGP), which later merged with Brookfield, and prior to that spent 10 years as a senior manager in the real estate audit practice at KPMG, focused on both public and private REITs as well as equity funds.

Ms. Marszewski holds a Bachelor of Science in accountancy from the University of Illinois and is a Certified Public Accountant. Ms. Marszewski is a member of the AIPCA and a former member of NAREITs Best Financial Practices Council and co-chair of its Accounting Committee.

Ms. Schuetz joined Waterton in 2015 and serves as senior vice president, corporate accounting and treasury. In this role Ms. Schuetz oversees all treasury functions as well as accounts payable for all of the firm’s properties. She is responsible for managing treasury functions for all funds, corporate entities and lender requirements.

Prior to joining Waterton, Ms. Schuetz worked for SP+ Corporation where she held the role of director of treasury.

Ms. Schuetz holds a bachelor’s degree in accountancy from Bradley University and an MBA from University of Chicago Booth School of Business. She is a Certified Public Accountant as well as a Certified Treasury Professional and is a member of the Association for Financial Professionals.

Ms. Borus joined Waterton in 2008 and serves as vice president of hospitality asset management and accounting. In this role, Ms. Borus oversees accounting and financial reporting for the firm’s hospitality funds, joint ventures and hotel properties. She is also responsible for assisting in acquisitions, the execution of investment strategies, capital expenditure management, and dispositions.

Prior to joining Waterton, Ms. Borus worked as an auditor for Ernst & Young, LLC specializing in the real estate industry, serving public and private clients including hospitality, private equity firms, and real estate investment trusts.

Ms. Borus holds bachelor’s and master’s degrees in accounting from Marquette University and is a Certified Public Accountant. She is a member of the American Institute of Certified Public Accountants.

Mr. Hainaut joined Waterton in 2012 and serves as senior vice president, portfolio accounting and reporting. In this role Mr. Hainaut is responsible for the oversight of the portfolio accounting, property accounting, construction accounting and internal audit teams. Prior to his current role, Mr. Hainaut held the role of vice president, residential accounting.

Prior to joining Waterton Mr. Hainaut worked as an auditor at Grant Thornton, specializing in audits of financial services companies.

Mr. Hainaut holds a Master of Science degree in accountancy from University of Illinois.

Mr. Daou joined Waterton in 2008 and serves as vice president, portfolio accounting and reporting. In this role Mr. Daou is responsible for overseeing a team that handles the accounting and financial reporting of a fund with comingled investor ownership. Mr. Daou began his career at Waterton as a property staff accountant and joined the portfolio accounting team in 2009 where he was responsible for accounting and reporting of various funds and joint ventures.

Prior to joining Waterton Mr. Daou worked at Baker Tilly Virchow Krause, LLP as an auditor in the real estate practice.

Mr. Daou holds a Bachelor of Science degree in finance from the University of Illinois at Urbana-Champaign and a Master of Science degree in accounting from the University of Illinois at Chicago. He is a Certified Public Accountant. He is a member of the American Institute of Certified Public Accountants (AICPA), Illinois CPA Society and the National Council of Real Estate Investment Fiduciaries (NCREIF).

Ms. Kovac joined Waterton in 2020 and serves as assistant vice-president, accounting. In this role, she is responsible for oversite of the accounting and financial reporting functions for the firm’s owned and third party managed residential assets. She is also responsible for assisting in acquisitions and dispositions.

Prior to joining Waterton, Ms. Kovac worked for Starwood Retail Partners where she served as a portfolio controller specializing in retail real estate accounting and reporting in both GAAP and IFRS for JV partners and bond investors.

Ms. Kovac holds a Bachelor of Business Administration in accounting from Western Michigan University and a Master of Science in taxation from the University of Illinois at Urbana-Champaign. She is also a Certified Public Accountant.

Ms. Polhill joined Waterton in 2016 and serves as assistant vice president, portfolio accounting and reporting. In this role, she is responsible for the accounting and financial reporting of certain multifamily funds and assists with SEC reporting compliance. Ms. Polhill is the co-chair of the firm’s Culture Committee.

Prior to joining Waterton, Ms. Polhill worked as a senior auditor for Deloitte, primarily serving real estate clients.

Ms. Polhill holds a Master of Science degree in accountancy from the University of Illinois at Urbana-Champaign.

Ms. Chambers joined Waterton in 2022 and serves as assistant vice president, corporate accounting. In this role she is responsible for oversight of the firm’s corporate accounting functions as well as the budgeting and forecasting process for the firm’s multifamily properties. She is also responsible for managing the firm’s year-end financial audits.
Prior to joining Waterton Mrs. Chambers spent 10 years at Brookfield Properties (formerly known as General Growth Properties) where she served as director of finance and was responsible for building the reporting and requirements surrounding the new management company. Prior to that, Ms. Chambers served as director of corporate accounting, responsible for overseeing the firm’s corporate accounting, payroll accounting and compensation budgeting and forecasting functions.
Ms. Chambers holds a Bachelor of Science in accounting from Chicago State University and an MBA in leadership from Roosevelt University.