Amherst Holdings announced the addition of Andrew Flahive as the company’s president of single-family residential capital.
In this newly created position, Flahive will be responsible for leading Amherst's initiative to design and implement debt and equity financing strategies for its rapidly growing single-family rental business. Flahive will oversee all debt and equity capital markets activity sponsored by Amherst affiliates.
Flahive joins from Goldman Sachs, where he’d been since 2004, most recently serving as a managing director and head of the real estate equity capital markets group.
While at Goldman, Flahive led more than 150 transactions totaling more than $90 billion, including offerings for several real estate investment trusts in the single family rental sector.
He was a member of the Goldman Sachs team that worked directly with Amherst in exploring various capital markets solutions for the company's single-family rental strategy, and has reviewed every major family rental platform in the market today, the company said in release.
"Drew brings incredibly valuable experience related to real estate investment strategies to Amherst," said Sean Dobson, chief executive officer of Amherst Holdings.
"The transformational shift in U.S. single-family consumption, from owning to leasing, has created a wealth of opportunities for investors as the market is growing dramatically,” Dobson said. “As we continue to expand our investor-related services we believe Drew's deep understanding of the real estate capital markets will be a tremendous asset to Amherst and our clients. We are very pleased to welcome him to Amherst."
Flahive said he is thrilled to join the team at Amherst.
"The combination of Amherst's deep knowledge of the residential market, its unmatched securities capabilities and robust private capital offerings, as well as its industry leading data and analytics platform makes this the ideal moment to look to expand the company's single family portfolio by using a variety of sophisticated financing options," Flahive said.