Blackstone (NYSE:BX) and its Real Estate portfolio company, Invitation Homes, today announced that it has named John A. Schissel as Chief Financial Officer (CFO) and Leslie B. Fox as Executive Vice President and Chief Operating Officer (COO). John and Leslie bring to Invitation Homes substantial operational experience in the complementary multifamily space. The announcements round out Invitation Homes’ management team and follow other high-level appointments. The company announced in September that Bryce Blair would join the company’s Board of Directors and in October that Gary DeLapp would join as President.
Gary DeLapp, President of Invitation Homes said, “With the addition of these talented individuals, Invitation Homes will continue to hone its operations and improve the customer experience. The collective expertise that John and Leslie bring to our team is extraordinary and I am pleased that we were able to attract such talented operators with 20+ years of uniquely complementary expertise each.”
Nick Gould, Chairman and CEO of Invitation Homes, said, “We continue to grow the Invitation Homes brand and are very pleased to attract top talent like Leslie and John.“
David Roth, a Managing Director with Blackstone’s Real Estate business said, “These two new hires speak to our continued efforts to build a high-quality long-term platform. Capable, experienced operators like John and Leslie will help us deliver best-in-class customer service and build the business for the long term.”
Mr. Schissel joins Invitation Homes from BRE Properties where he served as Executive Vice President and Chief Financial Officer from 2009 until its recently completed merger with Essex Property Trust. BRE Properties was a publicly traded apartment REIT that owned and operated over 21,000 apartment homes in the major metropolitan markets of California and Seattle. Prior to joining BRE, Mr. Schissel served as Executive Vice President, Chief Financial Officer and board member for Carr Properties and helped guide the company’s predecessor’s (Columbia Equity Trust) successful initial public offering in 2005. Prior to Carr Properties, Mr. Schissel worked for nearly 13 years at Wachovia Securities (and predecessor institutions) and during that time served as a Director in the Real Estate Investment Banking Group and also a Senior Vice President in the firm’s REIT Corporate Banking Group. In addition to his financial and operating experience, Mr. Schissel brings extensive knowledge and relationships in the real estate capital markets to the Invitation Homes platform. Mr. Schissel holds a B.S.B.A degree from Georgetown University.