NEWTON, Mass.--(BUSINESS WIRE)--Northland Investment Corporation, a privately held real estate investment company, has named Ami Fatula as Chief Financial Officer, overseeing Northland’s finance, accounting tax, reporting, treasury and technology functions.
Fatula will lead efforts to enhance the compliance and reporting functions as Northland expands, leveraging significant experience in real estate, transactions, private and public company reporting, and investor relations. Prior to joining Northland, she led accounting and reporting oversight with AEW Partners Funds, a series of real estate private equity funds. Fatula also specialized in real estate as an audit manager at Ernst & Young LLP.
“We are thrilled to welcome Ami to the Northland team,” said Steven P. Rosenthal, President and CEO of Northland. “Her strong knowledge of the real estate industry and fiduciary care will be an asset to Northland as we continue to grow and focus on creating and maximizing value within the multifamily sector as best-in-class owners and operators.”
“The fact that Northland both owns and operates its portfolio provides a unique opportunity for the CFO, to work in both a classic operator format as well as on behalf of an investment company dedicated to its investors,” said Fatula. “It’s a challenge I’m excited to take on, especially as part of a management team with such an impressive track record of growth and success through market cycles.”
This announcement follows a year of significant growth for Northland. The company acquired more than 2,000 residential units in 2014, building on its strategy of establishing strong portfolios in key local markets where the company has deep expertise. In addition to acquisitions in Florida and Massachusetts, the acquisition of 1,000+ unit Monterey Ranch in Austin, TX made Northland Austin’s largest apartment owner and operator.
Fatula earned her bachelor’s degree from the University of Massachusetts Isenberg School of Management and is licensed as a Certified Public Accountant (CPA). She lives in Arlington, MA with her husband and two young children.
About Northland Investment Corporation
Northland Investment Corporation, a privately held real estate investment company with $3.0 billion in assets under management, is one of the top fifty multifamily asset owners in the U.S. Based in Newton, Massachusetts, Northland owns 86 properties in eight states, totaling more than 21,000 multifamily units. Northland’s portfolio also includes more than 2 million square feet of office, retail and commercial assets. Northland manages six real estate investment funds, maximizing risk-adjusted returns through value-added acquisition, development, asset management and property management strategies.