SAN FRANCISCO – The Roxborough Group, a leading real estate investment firm, proudly announces the appointment of Michael Pence as Director of Multifamily Acquisitions. In this pivotal role, Mr. Pence will spearhead the origination, underwriting, and execution of new multifamily investment opportunities across the company’s targeted markets.
“Michael brings invaluable expertise and a proven track record as a multifamily investor and operator to our acquisitions team,” stated Matt McCormick, Managing Director at The Roxborough Group. “While the multifamily sector is navigating short-term challenges such as oversupply and high interest rates, we remain steadfast in our belief that the long-term prospects are bright. With home prices soaring beyond reach for many, the demand for rental housing will continue to outstrip supply, presenting compelling investment prospects for Roxborough. Michael’s depth of knowledge, industry relationships and keen market insights position us to swiftly identify opportunities with superior risk-adjusted returns.”
Prior to joining The Roxborough Group, Pence served as the Chief Operating Officer of Belveron Partners, an affordable housing investment firm boasting $2 billion worth of assets under management. During his tenure, Pence expertly managed a 15,000-unit portfolio spanning 19 states, leading initiatives to fortify the firm’s scalable platform and driving expansion efforts, notably in Texas.
Before his tenure at Belveron Partners, Pence amassed an impressive 13-year track record at Carmel Partners, a vertically integrated multifamily investment manager. As head of the West Coast investments team, he orchestrated acquisitions nearing $1 billion in value, executed a pivotal Fund IV recapitalization valued at $1.87 billion and cultivated the firm’s inaugural programmatic joint venture with a prominent New York City-based operator.
Expressing his enthusiasm for the new role, Michael Pence remarked, “I am genuinely thrilled to join The Roxborough Group. Since our initial conversations, I’ve been deeply impressed by their unwavering commitment to rigorous investment evaluation, operational excellence and dedication to nurturing talent. I am honored to merge my passion for the multifamily sector with such a distinguished team of investment professionals.”
Michael Pence holds a bachelor’s degree in psychology from Dartmouth.
About The Roxborough Group
The Roxborough Group (“Roxborough”) is a private real estate investment firm founded in 2013. Headquartered in San Francisco, the firm has a broad mandate to invest in all real estate asset classes, both directly and with operating partners. Roxborough focuses on opportunistic, value-add and transitional real estate assets, high-yielding real estate debt, real estate-related operating businesses, as well as high quality, lower risk, and longer duration real estate investments. For more information, please visit www.theroxboroughgroup.com.