Throckmorton Partners Hires Carmel Partners’ Exec Continues Growth Trajectory

Throckmorton Partners has today announced the hire of Bill Gerhardt who joins the firm as Vice President of Capital Projects where he’ll oversee the repositioning and development efforts for the company’s growing multifamily portfolio.

Gerhardt
Gerhardt

Previous to Throckmorton Partners, Mr. Gerhardt led the planning and implementation of various capital projects for Carmel Partners. In that role he oversaw property-level renovation and repositioning of high-profile projects, which included: the 1,450-unit, 367 acre, Waterfront at Pu’uloa (Kapilina) asset in Oahu, Hawaii, the 320-unit, 28-story, Rincon Towers in San Francisco, the 309-unit Creekwood in Hayward, the 84-unit Marina View Towers in Alameda and the 69-unit Davey Glen in Belmont. While at Carmel Partners, Mr. Gerhardt oversaw an aggregate capital budget of approximately $95 million across over 3,000 units in California and Hawaii multifamily assets since joining the firm in 2010. Prior to his real estate career, Mr. Gerhardt worked as a management consultant for Booz Allen & Hamilton and Mitchell Madison Group serving Fortune 100 companies. He also worked at the Federal Reserve Board under Alan Greenspan in the Division of Research and Statistics. Mr. Gerhardt received his undergraduate degree in Quantitative Economics and Decision Sciences from the University of California San Diego and his MBA from Stanford University.

This move follows a series of other inroads made by the Bay Area multifamily investment firm since its founding in late 2014 by industry veterans, David Silver and Eric Price. The firm is currently under contract and non-refundable on an off-market, value-add Bay Area multifamily asset, which will mark the third such off-market acquisition for Throckmorton over the last twelve months. Throckmorton’s other two acquisitions were also acquired on an off-market basis and are located in Pleasant Hill and Santa Cruz, CA. The firm has completed an extensive renovation of its Pleasant Hill asset and is planning to add density to its Santa Cruz asset, with additional units planned for development.

Throckmorton continues to search for additional investment opportunities throughout the Bay Area and Southern California on behalf of its private and institutional equity partners.

West Coast Commercial Real Estate News