OAKLAND, Calif.--(BUSINESS WIRE)--Starwood Waypoint Residential Trust (NYSE:SWAY) (“the Company”), a leading single-family rental real estate investment trust, announced today that Stephen H. Simon was elected as an independent trustee of the Company, effective March 6, 2015. Mr. Simon was also appointed to the Audit Committee of the Board.
Mr. Simon is a co-founder of Simon Equity Partners and has served as a Managing Partner since 2006. He was President and CEO of Melvin Simon and Associates from 2001 to 2006 and a development director with Simon Property Group from 1992 to 2000.
“Steve is a great addition to SWAY’s Board of Trustees,” said Barry Sternlicht, Chairman of the Board of Trustees. “We will benefit from Steve’s strategic insights and expertise based on his deep knowledge of real estate development and investing.”
About Starwood Waypoint Residential Trust:
Starwood Waypoint Residential Trust (NYSE:SWAY) is one of the largest publicly traded owners and operators of single-family rental homes in the United States. Partnered with Starwood Capital Group, a leading private investment firm with a core focus on global real estate, Starwood Waypoint Residential Trust acquires, renovates, leases, maintains and manages single-family homes in markets that exhibit favorable demographics and long-term economic trends, as well as strengthening demand for rental properties. The company also invests in non-performing loans, and works with interested and qualified borrowers to find solutions to keep them in their homes. Starwood Waypoint Residential Trust is Reinventing Renting™ by building its business upon a foundation of respect for its residents and the communities in which it operates. Additional information can be found at starwoodwaypoint.com.