ORLANDO, Fla., April 03, 2018 (GLOBE NEWSWIRE) -- Pinnacle, one of the nation’s leading multifamily management firms, announces the promotion of David Bales to Senior Vice President of Compliance and Affordable Operations following the retirement of long-time leader Deanne Davis. With more than 33 years of industry experience, Bales is responsible for linking company operations and compliance for its nearly 30,000 affordable units across 19 states. Based in Orlando, he reports to Chief Operating Officer, Larry Goodman.
Bales passion for affordable property management started 18 years ago while overseeing a multifamily portfolio in Florida. Today, his specialization guides 14 compliance professionals who hold 16 National Affordable Housing Certifications and 32 State Housing Finance Agency Certifications. The team works together to ensure the required IRS regulation guidelines and stringent resident qualifications are met across Pinnacle’s affordable platform.
“When the opportunity to head up such a critical arm of the Pinnacle operation came up, I knew it would be a good fit for me,” said Bales. “I have a strong passion for this sector and saw this as a unique opportunity to shape the future by bringing shelter to those who need the most help.”
Pinnacle currently ranks second on the NAHMA Affordable 100, which is the National Affordable Housing Management Association’s list showcasing the country’s largest affordable managers based on unit count. The company’s portfolio also includes many of the largest syndicators and limited partners in the affordable housing markets.
“We are fortunate to have such a powerful reputation in the industry with many quality relationships. Pinnacle maintains this status by continually upgrading and streamlining our service capabilities,” explained Bales. “The more efficient we are, the more we can focus our energy on the helping the residents who so desperately need a hand.”
About Pinnacle Property Management Services, LLC
Pinnacle Property Management Services, LLC, (“Pinnacle”) is a privately held national real estate provider specializing in third party management of multifamily residential communities. As one of the nation’s preferred third-party managers, Pinnacle’s portfolio includes over 165,000 residential units and 2.75 million square feet of commercial assets. With the Corporate headquarters located in Dallas, Texas, Pinnacle has more than 4,100 employees located in 30 states. For more information, visit www.pinnacleliving.com.
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Source: US-Pinnacle Property