ATLANTA, GA, August 29, 2013 /24-7PressRelease/ -- Key Property Solutions, LLC, one of the nation's leading aggregators and managers of single-family residential homes, announced today that it has hired Simon Frost as its Chief Financial Officer. Frost, who previously served as CFO and Founding Partner of The American Home (TAH), joins the company September 1.---
"Simon brings the perfect blend of financial acumen and fundraising ability to help Key Property in our next phase of expansion," said Jeff Brock, CEO & Founder of Key Property Solutions. "At The American Home, Simon helped raise more than $220 million in equity and his contacts and expertise will be a significant addition to our professional team."
Key Property Solutions, LLC has been a pioneer in the acquisition, renovation and management of single-family residential homes since Brock founded the firm in 2001. The Atlanta-based firm built portfolios of 3,000 homes that it manages and recently completed the sale of 3 of those portfolios to other investors in April and June 2013 for more than $120 million.
Frost helped expand TAH from a startup business with a handful of employees to a powerhouse that owns over 2,400 homes in the Southeast. Prior to TAH, Frost was the Treasurer of Goal Financial, an originator of over $9 billion of student loans, served as the CFO of Taylor Development and Land Company, and spent several years in public accounting with PWC and Smith & Williamson. He earned an accounting and business management degree from the University of South Africa, as well as B.A. and M.A. degrees in economics from Cambridge University in the United Kingdom. He was captain of the rugby club at Cambridge, and played pro and semi-pro rugby in the U.K., Australia and South Africa. Frost and his wife have a young daughter.
"I'm excited to join Key Property Solutions as they are perhaps the most efficient operator and aggregator in the single-family residential market," Frost said. "Jeff has five times more experience than nearly everyone else in this industry and he runs a tight ship. Many new players have entered this market in the past two or three years, but Key is a year ahead of everyone else in terms of operational efficiencies and proprietary software platforms, as well as its ability to grasp subtle changes in market dynamics quickly."
Key Property purchases single-family homes from many sources, including courthouse auctions. Despite the recent competition that has entered its space, Key acquired more than 400 homes in the past two months in the metro Atlanta market.
About Key Property Solutions, LLC
Key Property Solutions, LLC is the parent company of the Key Property family of companies. Since 2001 it has offered a variety of real estate investment opportunities to investors as it acquired, renovated, placed tenants and managed thousands of single-family residential homes in the metro Atlanta area.
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