Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, announced today two new additions to its acquisitions and asset management divisions. Dylan Ederer, who has been named Vice President of Acquisitions and Sherry Daughtery as Asset Manager, will be based in Austin and Dallas, respectively. The new hires follow the firm’s $129 million acquisition of the residential portion of The Triangle, a Class A, 529-unit rental community with retail and office components at 4600 West Guadalupe Street in the heart of downtown Austin, TX. Elie Rieder, founder and CEO of CLP made the announcement.
“Even during the global pandemic, we have been extremely active on the acquisition front and we expect to pursue additional opportunities through the end of this year and into 2021,” said Rieder. “As a result, we are expanding our investment, acquisition and asset management teams by adding two seasoned professionals. We are pleased to have Dylan and Sherry join our CLP family.”
Mr. Ederer, who is based in Austin, TX, will be responsible for identifying, evaluating, and structuring asset and portfolio investments. He will also oversee the due diligence process and business plan development for each property. Prior to joining CLP, he served as the Vice President of Acquisitions for Elite Street Capital based in Houston, Texas. While at Elite Street, Mr. Ederer was responsible for identifying, sourcing, and acquiring a substantial portfolio of multifamily properties in Texas, North Carolina, Georgia, Alabama, Maryland, and Missouri. In addition, Mr. Ederer focused on the asset management and dispositions of portfolio assets and negotiated
financing terms with a variety of debt sources. Mr. Ederer received his B.A. in Finance, with a focus on Real Estate, and a Minor in Advertising from The University of Texas in Austin.
Ms. Daughtery, who is based in Dallas, TX, will be responsible for the management of CLP’s portfolio. Ms. Daughtery brings more than 25 years of commercial real estate experience with a focus in managing multifamily asset portfolios, conducting acquisition due diligence, negotiating and reviewing organization and loan documents, completing investor reporting, and closing real estate transactions. Previously, Ms. Daughtery was the Asset Manager at Crescent Real Estate, a commercial real estate investment company. She was also the Assistant Vice President of Asset Management at Oak Grove Capital (now JLL) and the Asset Manager, as well as Director of Financial Reporting and Client Relations at Fairfield Residential Company LLC. Ms. Daughtery received her B.B.A. in Finance from Texas A&M University.
