Mill Creek Residential, a rental-housing investment firm that acquires, manages and develops premier rental communities across the nation, has hired Kel Frazier as president of acquisitions.
In his new role, Frazier will be responsible for all facets of the acquisition process, including sourcing, underwriting and closing transactions, in addition to participating on the company’s Investment Committee. Prior to joining the Boca Raton, Florida-based company, Frazier spent 11 years with Berkshire Residential Investments as senior vice president of investments, where he oversaw investment activity in the East Region and participated in direct investment of over 28,000 apartment homes which resulted in $7 billion in total capitalization.
“We’re excited to add Kel to the Mill Creek family, and we know his proven track record and dynamic approach to acquisitions will prove invaluable,” said Darren Schackman, chief investment officer for Mill Creek Residential. “We’ve always prided ourselves on taking a thoughtful and strategic approach to acquisitions, and we believe Kel is the ideal individual to lead Mill Creek’s growth and expansion in this vertical.”