SENIOR MANAGING DIRECTOR & CO-CHIEF INVESTMENT OFFICER, BRIDGE WORKFORCE & AFFORDABLE HOUSING; CEO, BRIDGE PROPERTY MANAGEMENT
Rich Stayner serves as Senior Managing Director, Co-Chief Investment Officer of Bridge Workforce and Affordable Housing and is the Chief Executive Officer of Bridge Property Management, Bridge’s wholly-owned in-house property management group. As the head of Bridge’s property management affiliate, Rich oversees all property management processes, personnel, and operations on a day-to-day basis and manages reporting procedures for institutional clients, joint venture partners, lenders, governmental entities, and housing authorities. Rich has over 25 years of multifamily property management experience, including both large-scale conventional and affordable housing projects, along with condominium properties with Prowswood Companies, Boston Financial, and Lend-Lease. Rich has been instrumental in the underwriting and due diligence process of Bridge’s portfolio, in addition to being responsible for the on-site, value add improvements that have allowed Bridge to extract value from properties and to deliver strong returns to investors. As a principal with the Lend-Lease Real Estate Investment division, Rich had responsibility for the firm’s multifamily apartment assets in 11 U.S. states. He also executed asset acquisitions and undertook market and operational analysis. Rich has a Certified Property Management designation and is a past board member of the Salt Lake Apartment Association as well as a past president of the Utah Chapter of the Institute of Real Estate Management.