APARTMENT VENTURES - Key Persons
John is responsible for the day to day property operations of Fusion Property Management Company. John joined the firm in 2010. Prior to Fusion, John work with Coldwell Banker Commercial George Realty. Additionally, John spent 6 years in hotel and casino operations with Starwood Hotels and MGM Resorts International. John received his BS in Hotel Administration from University of Nevada Las Vegas, William F. Harrah College of Hospitality.
Job Titles:
- Founding Principal, Chief Investment Officer
John is the founder and principal manager of Apartment Ventures and is responsible for acquisitions, investor relations and the operations of the Company. John formerly served as the Executive Vice President of Asset Management for BRE Properties, Inc. a publicly traded NYSE real estate investment trust from 1996 to 2001. In this role, he was responsible for the asset management organization, acquisition underwriting and due diligence for over 28,000 apartment units; a total of two and one half billion dollars in value. Prior to joining BRE Properties, John served as Vice President-Asset Manager for Real Estate Investment Trust of California (RCT)-NYSE, specializing in acquisition and ownership of apartments and commercial real estate throughout the western US. John holds the designation of Certified Property Manager from the Institute of Real Estate Management and is an honors graduate of California State University Long Beach.
Job Titles:
- Chief Operating Officer
- Principal
- New Partner
Kari is responsible for the day-to-day operations and financial performance of Apartment Ventures, our investment arm of the firm, Sutter Investment Advisors, our asset management division and Fusion Property Management, our property management group. Kari has a deep transaction background, having structured complex mergers & acquisitions and debt facilities to achieve investor objectives. She began personally investing in Apartment Ventures in 2012, and officially joined the firm in early 2019 after a long tenure at CO-OP Financial Services, where she served as the Chief Financial and Administrative Officer for 13 years. Kari is a CPA, received her EMBA from Claremont Graduate University, Drucker School of Business, and her undergraduate BA in Business Administration from Loyola Marymount. She currently serves on the Lusk Center for Real Estate Board at USC and has been on the board of several for and not-for profit organizations.
The boutique, full-service real estate investment firm Apartment Ventures is happy to announce Kari Wilfong as their new Partner. "I'm thrilled to have been invited to join Apartment Ventures at this important juncture," Wilfong says in advance of the company's 2020 fund launch. Founding partners John Nunn and Lee Carlson echo Wilfong's delight. "We're very glad to be bringing Kari on board," Nunn says. "We're looking to increase our footprint in the new decade, and we're confident Kari is the person to help us do that." Carlson agrees: "I've known Kari personally and professionally for many years and think very highly of her experience, character and integrity. In fact, we've been asking Kari to come on board for several years. With her in place as Chief Operating Officer, we're confident that our upcoming capital raise will be a success, and we look forward to the overall growth Apartment Ventures can achieve with Kari's help."
Wilfong is pleased be joining the company as it moves into a new decade of success. "I truly consider becoming a Partner with AV the pinnacle of my career. I have invested with the company for over a decade and have witnessed John and Lee's success first-hand. Their market knowledge and integrity are unparalleled, and it is an honor to partner with them."
As COO, Wilfong will be responsible for the day-to-day operations of Apartment Ventures, as well as their property management company, Fusion Property Management. Wilfong joins AV from CO-OP Financial Services, where she served as Chief Financial and Administrative Officer for 13 years, driving the organization's revenue growth which increased by 300% during her tenure. Wilfong will now apply her extensive and successful investment background to the success of Apartment Ventures-and the work has already begun.
Since Wilfong's addition to the team, Apartment Ventures has closed on three exciting new investments, with a fourth in the works. The company has also moved offices as part of their growth strategy. With the anticipated success of their next fund launch, the partners knew they needed more space. "We are excited about 2020," says Wilfong. "We're extending our successful investment platform and plan to raise in excess of $400M in new capital. We're focusing on growing the company, and we're going to continue doing what we do best because our results proves it works."
Job Titles:
- Co - Founder
- Founding Principal
LeRoy (Lee) is the co-founder of Apartment Ventures, primarily focusing on capital raising and tax strategies. Lee formerly served as the Executive Vice President, Chief Operating Officer and Board member of BRE Properties, Inc., from 2000-2002 and as Chief Financial Officer of the firm from 1996-2000. Prior to joining BRE, Lee served as Vice President Chief Financial officer of Real Estate Investment Trust of California. Lee is a CPA and a graduate of the University of Southern California. He currently serves on the Board of Directors of Terreno Realty Corp, a publicly traded real estate investment trust and acts as their Audit Committee Chairman.