Spring Has Sprung
by Jay Madary, President and CEO
After several long, cold months of winter here in Oak Brook, spring has finally arrived. Like many of you, we at JVM are looking forward to warmer temperatures, sunny days, and the chance to enjoy the outdoors with family and friends.
We’re also excited about the changing seasons for other reasons. The investment sales market can sometimes spend the early part of the year in hibernation. But that typically begins to change when the calendar turns to April.
We’re looking forward to being an active buyer in the months ahead. In fact, our goal is to acquire $200 million in Class A properties in our existing Midwestern markets this year, a process that we began at the end of January with our purchase of Apex on Quality Hill in downtown Kansas City, Mo. We continue to evaluate potential acquisitions and fully expect there will be more to report in the next newsletter.
Furthermore, in March we announced the promotions of company veterans Steve Meyer to chief investment officer and Jason Kovich to chief financial officer. You can read more about these moves below, but it’s hard for me to overstate how enthusiastic we are about these promotions. Steve and Jason will both bring tremendous strategic vision and experience to their new positions, and they will play critical roles in making JVM’s aggressive growth goals a reality.
We also recently hired Ken Kasee as our new director of marketing. A proven digital marketer with a deep understanding of content marketing and search engine marketing, he brings an impressive track record of success at distilling complex data into insights that drive profitability and growth, Ken comes to JVM from CNA Insurance, where he served as director of digital marketing. He has held similar roles at Laureate Education and McGraw-Hill Higher Education. At JVM, he will plan and oversee our marketing technology stack, marketing ecosystem and marketing analytics. We could not be more excited about the role he will play in positioning JVM for even greater success.
Finally, in April we will move into a significantly bigger and much more modern office suite on the second floor of our building. Featuring abundant natural light, collaborative work spaces and a cutting-edge technology room that will allow us to do company-wide webcasts, our new office suite is the perfect spot for a growing, thriving company. The space will allow us to support our apartment communities and serve our investors in the most effective manner possible.
These are indeed exciting times at JVM, and we appreciate the chance to share our story with you in this e-newsletter. Thank you for your continued trust in JVM!
President & CEO