Throckmorton Partners announces today the hiring of Joel Thomas as its Senior Acquisitions. Manager who is charged with sourcing both market-rate and affordable multifamily opportunities for the firm. Mr. Thomas comes to Throckmorton from Kairos Investment Management Company in Orange County, California where he lead multifamily acquisitions for their $200 Million evergreen affordable housing fund alongside his involvement with their market-rate value-add funds which deployed over $500 Million in equity. He brings eight years of multifamily transaction experience across approximately 15,000 units for a total of $1.2 Billion in combined consideration prior to joining Throckmorton. Previous to Kairos, Mr. Thomas worked on CBRE’s National Affordable Housing team out of Seattle, Washington, which is the top-producing affordable housing brokerage team in the country.
Throckmorton has grown considerably over the past several years, having recently purchased over $100 Million in existing multifamily assets during 2018 alone. With the hiring of Mr. Thomas, Throckmorton is targeting continued growth and expansion heading into 2020 where it is looking to purchase $200 Million in multifamily investments between its wholly owned and joint venture partnerships. The company seeks value-add and opportunistic multifamily investments in the market rate and affordable space with a preference for 100+ unit assets in major markets throughout the United States.
The firm was founded by multifamily veterans David Silver and Eric Price in late 2014 who today oversee a West Coast portfolio of approximately 1,000 units valued at more than $300 Million between their wholly owned, institutional joint venture and family office partnerships. Mr. Silver said of the new hire, “We are always excited to bring on exceptional talent like Mr. Thomas, especially now as Throckmorton has achieved scale and is targeting significant continued expansion and growth.”