DALLAS–(BUSINESS WIRE)–Pinnacle, one of the nation’s leading multifamily management firms, is pleased to announce the appointments of two key leaders to unify its operational approach and streamline service offerings to clients. The change follows Pinnacle’s recent acquisition by Cushman & Wakefield in March 2020, which paved the way for future growth and deeper strategic connections to owners and investors in the multifamily space.
Under the new structure, Woody Stone will assume primary oversight of Pinnacle’s operating platform as Executive Vice President of Operations. Eric Schwabe, who previously shared that responsibility, will pivot to a new role as Executive Vice President of Client Services. Both leaders will report to Rick Graf, President & CEO.
“When Pinnacle joined Cushman & Wakefield, we gained the ability to deliver multifamily services on a much broader scale. To ensure consistency in our service delivery across the country, we are shifting from a geographic to a vertical model and channeling all operators under Woody Stone,” explains Graf.
“Subsequently, the acquisition allowed Pinnacle to expand our support infrastructure for clients and Eric Schwabe was identified as the leader who could bolster our Client Services team and deliver those resources.”
Stone has been building efficient teams and implementing programs that make a difference at Pinnacle’s communities since joining the company in 2008. After leading various departments within the company, including marketing, learning and development, revenue management, ancillary services and national purchasing, he also grew Pinnacle’s portfolio across the eastern portion of the country. In his new role, he will focus solely on creating consistent operations for the company’s managed communities on a national level.
To assist Stone in this effort, four regional operators were promoted to Senior Vice President, adding a greater scope to each of their management portfolios: Amber Anderson (California, Oregon and Washington), Debra Kopolow (Arizona and Nevada), Kevin Charcut (Midwest, Great Lakes and Colorado), and Michele Butler (Texas). These operators join Senior Vice Presidents Greg Mark (East Coast) and David Sorise (Pinnacle City Living, New York City) on the regional leadership team.
Schwabe has been creating value for clients since he joined the company over 30 years ago. He launched his career at the property level and gained experience in nearly every facet of multifamily operations on his path to executive leadership. Schwabe will now turn this knowledge and his focus towards generating new business for Pinnacle.
Schwabe continues to build the Client Services team which includes the recent addition of Jonathan Tullo as a Vice President in California, bringing 17 years of experience in finance, multifamily, valuation, mergers and acquisitions. Tullo will work closely with the existing team and operational leaders to deliver advisory services, underwriting and investment opportunities for the company’s expanding client base.
Long-time Client Services team members include Senior Vice President Jeremy Edmiston (Central) and Vice Presidents Gina Pimm (West) and Avery Solomon (East).
“Since the acquisition, clients have been very receptive to our enhanced capacity to serve their needs,” says Graf. “This realignment of leaders strengthens our position to offer comprehensive portfolio performance with individualized asset care.”
About Pinnacle Property Management Services, LLC
Pinnacle Property Management Services, LLC, (“Pinnacle”), owned by leading global real estate services firm Cushman & Wakefield (NYSE: CWK), is one of the nation’s preferred third-party multifamily management companies with a portfolio of 169,000 residential units and 2 million square feet of commercial space. Headquartered in Dallas, Texas, Pinnacle has more than 4,500 employees who manage apartment communities in 32 states, Washington D.C. and Canada. For more information about Pinnacle, visit www.pinnacleliving.com.