Key Takeaways
- • The Milestone Group promoted Rob Strong to Head of Acquisitions while it continues deploying Milestone Real Estate Investors VI, its sixth discretionary real estate equity fund with $1.1 billion in committed capital.
- • Strong previously served as a Managing Director at Ares Management Corporation and as a Managing Director in the U.S. Real Estate Group at Lone Star Funds, where he helped execute transactions covering more than 50,000 multifamily housing units.
- • Strong will oversee day-to-day acquisitions operations and transaction execution, while Co-Founder and Co-Managing Partner Jeffrey Goldberg continues to lead investment sourcing and deal origination.
- • Milestone, founded in 2003, has completed more than $9 billion in multifamily investments involving over 90,000 residential units, with offices in Dallas, Boca Raton, and Atlanta.
Summary
The Milestone Group, a privately held real estate investment management firm focused on multifamily housing, has promoted Rob Strong to Head of Acquisitions as the company deploys capital through Milestone Real Estate Investors VI, which has $1.1 billion in committed capital. According to the firm's announcement, Strong will oversee the acquisitions team's daily operations and transaction execution. Co-Founder and Co-Managing Partner Jeffrey Goldberg will continue leading investment sourcing and deal origination, and the arrangement is intended to strengthen Milestone's ability to evaluate and execute transactions while preserving its existing sourcing capabilities.
Strong brings institutional real estate private equity experience. Before joining Milestone, he was a Managing Director at Ares Management Corporation, where he focused on the firm's diversified U.S. real estate equity investment strategy. Earlier, he spent nearly a decade at Lone Star Funds as a Managing Director in the U.S. Real Estate Group, where he played important roles in transactions involving the acquisition of more than 50,000 multifamily housing units. He began his career in the investment banking division of Goldman Sachs. He holds a BBA in Finance and Accounting from Texas Christian University, graduating magna cum laude, and is a CFA charterholder.
Milestone Real Estate Investors VI is the firm's sixth discretionary real estate equity fund. It targets value-add multifamily properties in major U.S. metropolitan markets, typically involving acquisitions of existing residential assets with operational or physical improvements, including renovations and property management enhancements. Since its founding in 2003, the firm has completed more than $9 billion in multifamily investments involving over 90,000 residential units, and it maintains offices in Dallas, Texas; Boca Raton, Florida; and Atlanta, Georgia.
In a statement, Goldberg said Strong has become an integral part of the acquisitions leadership, bringing deep investment expertise, sound judgment and a disciplined approach, and that formalizing his leadership strengthens how the firm evaluates and executes transactions. Strong described Milestone as one of the premier multifamily platforms and said he is excited to lead acquisition efforts alongside Goldberg and the wider team.
The appointment formalizes the firm's acquisitions leadership structure as it evaluates new opportunities across the U.S. multifamily housing market, allowing Goldberg to focus on originating investments and industry relationships while Strong oversees transaction activity.
Strong brings institutional real estate private equity experience. Before joining Milestone, he was a Managing Director at Ares Management Corporation, where he focused on the firm's diversified U.S. real estate equity investment strategy. Earlier, he spent nearly a decade at Lone Star Funds as a Managing Director in the U.S. Real Estate Group, where he played important roles in transactions involving the acquisition of more than 50,000 multifamily housing units. He began his career in the investment banking division of Goldman Sachs. He holds a BBA in Finance and Accounting from Texas Christian University, graduating magna cum laude, and is a CFA charterholder.
Milestone Real Estate Investors VI is the firm's sixth discretionary real estate equity fund. It targets value-add multifamily properties in major U.S. metropolitan markets, typically involving acquisitions of existing residential assets with operational or physical improvements, including renovations and property management enhancements. Since its founding in 2003, the firm has completed more than $9 billion in multifamily investments involving over 90,000 residential units, and it maintains offices in Dallas, Texas; Boca Raton, Florida; and Atlanta, Georgia.
In a statement, Goldberg said Strong has become an integral part of the acquisitions leadership, bringing deep investment expertise, sound judgment and a disciplined approach, and that formalizing his leadership strengthens how the firm evaluates and executes transactions. Strong described Milestone as one of the premier multifamily platforms and said he is excited to lead acquisition efforts alongside Goldberg and the wider team.
The appointment formalizes the firm's acquisitions leadership structure as it evaluates new opportunities across the U.S. multifamily housing market, allowing Goldberg to focus on originating investments and industry relationships while Strong oversees transaction activity.
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