Key Takeaways
- • D. Alexander Capital appointed Larry Shover as Chief Investment Officer, effective December 30, 2020, according to the company's press release distributed via Newswire.
- • Shover brings 35 years of experience in derivatives trading, institutional portfolio risk management, and public fund management, including roles at Susquehanna Investment Group and Chicago Research and Trading.
- • Shover will oversee institutional growth efforts and accelerate D. Alexander's vertically integrated owner-operated model for a new real estate asset class centered on alternative stay second homes.
- • D. Alexander's founding investors include residential real estate and short-term rental executives such as Doug Brien and Colin Wiel (Waypoint Homes), Scott Shatford (AirDNA), and Ben Kinney.
Summary
Denver-based D. Alexander Capital has appointed Larry Shover as Chief Investment Officer, effective December 30, 2020, according to a company press release distributed through Newswire.com. The company describes itself as a vertically integrated real estate investment platform that owns and manages homes in destination-oriented locations, with a stated mission of creating a new asset class built around the value and utility of homes for living, working and playing.
Shover's background spans roughly 35 years, from 1985 through 2018, in derivatives trading, institutional portfolio risk management and public fund management. The release says he was an executive at Susquehanna Investment Group and Chicago Research and Trading and served nine years as President of Lake Index Company. He is also serving a second term on the Investment Oversight Group Board of the Public Company Accounting Oversight Board (PCAOB), according to the release. The release further notes he has made regular appearances on Bloomberg TV, FOX Business and other networks, and is a columnist and twice-published author.
In his new role, Shover will oversee the development of D. Alexander's institutional growth efforts and accelerate the company's model. Founder and CEO Alex Allison said Shover's experience leading diverse financial sectors would accelerate the company's research. D. Alexander positions its offering as filling the gap between the alternative stay second home rental market, which the company calls the fastest-growing segment of lodging, and changing consumer lifestyles.
The company's founding investors include residential real estate and short-term rental figures such as Doug Brien and Colin Wiel of Waypoint Homes, Ivy and David Zelman of Zelman & Associates, Scott Shatford of AirDNA, Ben Kinney of Ben Kinney Companies and Ryan Gilbert of Propel Venture Partners. The release also references executives from companies including Facebook, Visa and BlackRock, though it does not specify their roles in the investment. The release does not disclose fund size, capital raised or asset holdings.
Shover's background spans roughly 35 years, from 1985 through 2018, in derivatives trading, institutional portfolio risk management and public fund management. The release says he was an executive at Susquehanna Investment Group and Chicago Research and Trading and served nine years as President of Lake Index Company. He is also serving a second term on the Investment Oversight Group Board of the Public Company Accounting Oversight Board (PCAOB), according to the release. The release further notes he has made regular appearances on Bloomberg TV, FOX Business and other networks, and is a columnist and twice-published author.
In his new role, Shover will oversee the development of D. Alexander's institutional growth efforts and accelerate the company's model. Founder and CEO Alex Allison said Shover's experience leading diverse financial sectors would accelerate the company's research. D. Alexander positions its offering as filling the gap between the alternative stay second home rental market, which the company calls the fastest-growing segment of lodging, and changing consumer lifestyles.
The company's founding investors include residential real estate and short-term rental figures such as Doug Brien and Colin Wiel of Waypoint Homes, Ivy and David Zelman of Zelman & Associates, Scott Shatford of AirDNA, Ben Kinney of Ben Kinney Companies and Ryan Gilbert of Propel Venture Partners. The release also references executives from companies including Facebook, Visa and BlackRock, though it does not specify their roles in the investment. The release does not disclose fund size, capital raised or asset holdings.
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