Blackstone (NYSE:BX) and its Real Estate portfolio company, Invitation Homes, today announced that Bryce Blair will be joining Invitation Homes’ Board of Directors. Bryce currently serves as a Senior Advisor to McKinsey & Company and is on the Board of Pulte Homes (NYSE:PHM). He spent twenty years at AvalonBay Communities, where he most recently served as Chairman of the Board and Chief Executive Officer. AvalonBay is a REIT that develops, owns and manages multi-family residences throughout the United States.
David Roth, a Senior Managing Director with Blackstone’s Real Estate business, said, “We are pleased that Bryce has agreed to lend his wealth of experience and talents to helping us build Invitation Homes into the premier single-family rental company in the country.”
Nick Gould, Chairman and Chief Executive Officer of Invitation Homes, said, “Bryce’s background building a leading company in the multi-family space, and depth of operational experience will be tremendously helpful as we develop our platform and grow Invitation Homes into a market leader.”
Bryce Blair said, “I am looking forward to working with Invitation Homes and Blackstone, as they innovate in the single-family rental space. The company is off to a great start and I see the potential to really help the company execute on its growth plans.”Bryce joined AvalonBay in 1993. He became Chief Executive Officer in 2001 and Chairman of the Board in 2002. During his tenure he also oversaw construction and acquisitions, served as Chief Investment Officer, Chief Operating Officer and President. Prior to joining AvalonBay, he was a Partner at Trammell Crow Residential, a real estate investment firm. He served on the Board of Carr America and currently serves on the board of Pulte Homes. He served as Chairman of the National Association of Real Estate Investment Trusts (NAREIT) and as a Trustee at the Urban Land Institute. He attended the University of New Hampshire and Harvard Business School.