Tech-enabled real estate management company Mynd Management is announcing four new strategic executives to its team as the company plans to grow in the single-family rental (SFR) space.
Mynd Management has built the SFR industry’s first proprietary tech platform, currently managing roughly 7,000 units, around $1.4 billion in asset value, across more than 24 markets. While most of this volume is made up of retail units, Mynd’s new strategic direction includes an increased focus on institutional investors who want to get into the SFR market, but don’t know how to do it. To best serve this group of large investors, Mynd will double down on their property management as a service (PMaaS) platform to provide the efficient scale needed by these large investors.
“The growth in the SFR space demands new management solutions for both retail and institutional investors, and Mynd is uniquely well-positioned to provide those solutions,” said Clelia Warburg Peters, a venture partner at Bain Capital Ventures and the president of Warburg Realty, who is joining Mynd as a board member. Peters will leverage her expertise at the intersection of real estate and technology to help boost Mynd’s operation.
Three other executives will join Mynd’s leadership team.
Alejandro Ayestarán has been named chief business officer. A Stanford University MBA holder, Ayestarán spent the last five years creating and scaling key business functions at automotive sales platform Shift Technologies.
Garret Albert is joining as chief financial officer. Albert was previously the vice president of finance at One Medical and holds an MBA from Cornell University.
David Zanaty has been appointed chief real estate officer. Zanaty will lead institutional strategy and related business expansions. He previously worked at Opendoor and earned an MBA from Northwestern University.