Bay Harbor Islands, Florida-based single-family build-to-rent developer Ark Homes for Rent has brought in real estate finance veteran Wendy Gill as its new chief financial officer, according to a news release shared with Multifamily Dive.
The current Ark Homes CFO, Gina Cabral, will remain at the company and transition into a senior financial leadership position.
Gill has almost 30 years of experience in the real estate finance sector. In her previous role, she served as interim chief financial officer and executive vice president, chief accounting officer and corporate finance for New York City-based Columbia Property Trust. Gill oversaw the company’s finances, including accounting, reporting, compliance, budgeting, treasury and tax.
“Wendy is a tremendous finance and accounting leader with unmatched knowledge and over three decades of expertise, which makes her an incredible asset for our company," said John Isakson, CEO of Ark Homes For Rent, in the news release.
In her new role, Gill will be responsible for all of Ark Homes’s accounting and reporting functions. She will also sit on the company’s executive committee and serve as a member of the investment committee.
Ark Homes for Rent manages 13 build-to-rent communities, as well as individual single-family rental homes, across the Southeast and Texas, according to the company website. The majority of its homes are purchased directly from new single-family home builders.
The company has nearly 10,000 homes in its portfolio and expects to grow its pipeline to more than 20,000, with $3 billion in new development or acquisitions planned over the next three to five years, according to Ark Homes Spokesperson Amy Gotzler.