RET Ventures, a venture capital firm focused on technologies for the multifamily, single family rental and broader real estate asset classes, has appointed multifamily technology industry veteran Monte Jones as platform partner.
Jones comes to RET Ventures with nearly two decades of experience in the multifamily industry. For four years, he served as President of On-Site.com, an end-to-end marketing and leasing platform for the apartment industry. In these roles, he was responsible for leading all customer-facing departments as well as business development, acquisitions and strategic planning within the company. Under his leadership, the company’s sales team was successful in growing revenue by more than 200%, leading to its ultimate $250-million exit to RealPage in 2017. After the sale, Jones developed and led several specialized sales and go-to-market teams, integrated newly acquired companies into the RealPage system and left RealPage as its chief experience officer.
In his new role at RET Ventures, Jones will engage across a range of functions, including coaching portfolio companies helping build and implement RET’s own internal technology stack and building out the firm’s “Affiliates” initiative.
The Affiliates program will be a collection of forward-thinking multifamily and SFR owners and operators who are interested in gaining access to the technology companies RET backs. Many of the leading multifamily REITs and private operators have already gained close relationships to these technologies by investing in RET’s funds. However, for companies that are not RET Strategic Investors, the Affiliates program offers an inside track of access to leading technology companies in the RET portfolio.
RET’s Strategic Investors represent approximately 2.5 million multifamily and SFR units across the U.S. and Canada. Through the Affiliates program, RET is looking to help drive innovative technology across a broader potential user base.
In addition, Melissa Fagan has joined RET as a vice president. Fagan previously served as an investment associate for KSL Capital Partners, and a private equity associate at Goldman Sachs. She received her bachelor’s degree in engineering from Princeton University.
Jaymie Fung Bingham has joined the RET team as an associate. Prior to joining RET, Fung Bingham served as a private equity and venture capital associate at Ensign Peak Advisors. She received her bachelor’s and master’s degrees in accounting from Brigham Young University.
Julia Lambert has joined the RET team as an associate. Lambert previously served as an investment associate at The Carlyle Group and Hanover Real Estate Investors (now Pacific Urban Investors). She received her bachelor’s degree in civil engineering from Stanford University.
