We can only set a new standard for rental communities by challenging ourselves to understand the industry and culture. What do the data and trends tell us? And as leaders in the space, how can we use that knowledge to guide us?

As a subsidiary of GTIS Partners, we conduct macro research into what drives value and creates returns. With that, we’ve built an in-depth understanding of the rental market and the necessary changes that will improve it.

One integral insight is that each market is unique and calls for an equally bespoke approach. By evaluating each location, we are able to remain agile, adjusting the design, programming, and amenities of each community to fit the needs of the residents.

Shaping communities is our pride and passion. Research informs every detail from on-site management to custom paint colors and reminds our residents that they aren’t just renting a home, they belong to a community.

Setting a New Standard for Rental Communities

*Gross AUM as of 9/30/22. Represents the gross appraised value of assets managed by GTIS and its joint venture partners and includes minority joint venture partners’ ownership interests where applicable. Figures include limited partner unfunded commitments, or uninvested cash on fund’s balance sheet, to GTIS separate accounts, funds, and co-investment vehicles that are not considered to be Clients by SEC definition

 is an established global fund manager with 10 offices across the US, Brazil, and Europe. The industry leader holds significant experience in build-to-rent, multi-family, land development and home building, logistics, office, and residential strategies.

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We shape communities, elevate neighborhoods, and prioritize partners. And we do it all responsibly.

Tom Shapiro is the President and Founder of GTIS. In addition, Mr. Shapiro is the Chief Investment Officer responsible for overseeing all investment activity and strategy of the firm. Mr. Shapiro is also Chairman of the General Partner’s Investment Committee and is a member of the Board of Directors of Brazil Hospitality Group, one of the largest owners and managers of hotels in Brazil.

Mr. Shapiro’s experience in the real estate industry began in 1988. Prior to starting GTIS, Mr. Shapiro was a Senior Managing Director at Tishman Speyer and a member of the firm’s Investment and Management Committees. Most recently, Mr. Shapiro was responsible for Tishman Speyer’s global equity capital markets and dispositions groups. Previously, Mr. Shapiro ran GTS Properties, an acquisitions joint venture between Tishman Speyer and Goldman Sachs.

Mr. Shapiro serves on the Undergraduate Executive Board and the Carol and Lawrence Zicklin Center for Business Ethics Review’s Private Sector Advisory Board for The Wharton School, University of Pennsylvania from which Mr. Shapiro received a B.S. and graduated magna cum laude.

Thomas Shapiro

Robert Vahradian is a Partner of GTIS and Head of U.S. Investments at GTIS and a member of the General Partner’s U.S. and Brazil Funds Investment Committee. Mr. Vahradian is responsible for overseeing the firm’s US investment business, including strategy, acquisitions, and asset and portfolio management.

Mr. Vahradian’s experience in the real estate industry began in 1986. Previously, Mr. Vahradian was President of Allied Partners, a private real estate investment company, where he was responsible for the firm’s investment and development projects. Prior to Allied, Mr. Vahradian was the Chief Operating Officer and principal of The Athena Group, a residential investment and development company based in New York, with projects located primarily in New York, Washington, DC and South Florida. Mr. Vahradian managed the investment, financing and operating activities of Athena and its affiliated equity funds. Prior to Athena, Mr. Vahradian was a Director in Credit Suisse First Boston’s (“CSFB”) real estate investment banking and principal groups. At CSFB, he participated in public and private debt and equity offerings, and principal investments in real estate debt and equity transactions. Mr. Vahradian also developed and managed CSFB’s credit lease finance and securitization program, and a private equity investment vehicle targeting Central and Eastern Europe.

Mr. Vahradian is a member of the Board of Directors of LGI Homes, Inc. (NASDAQ: LGIH) a publicly listed homebuilding company. He received a B.S. in Electrical Engineering, summa cum laude, from Tufts University and received an M.B.A. from The Wharton School, University of Pennsylvania.

Robert Vahradian

Teddy Karatz is a Managing Director of US Acquisitions at GTIS and in February 2013, moved to California to open GTIS’ Los Angeles office. Mr. Karatz is responsible for sourcing and analyzing investment opportunities.

Mr. Karatz’s experience in real estate industry began in 2006. Prior to joining GTIS, Mr. Karatz worked at O’Donnell/Atkins, a residential land brokerage firm where he worked directly with public and private homebuilders and developers to identify acquisition opportunities throughout California. Prior to O’Donnell Atkins, Mr. Karatz worked in the acquisitions group at KB Home, where he sourced and negotiated residential acquisition opportunities for the firm.

Mr. Karatz received a B.A. in Communication from the Annenberg School at the University of Southern California and received a Masters in Real Estate Development from the Lusk School at the University of Southern California.

Theodore Karatz

Bill Mumford is a Senior Director of Acquisitions and Development at GTIS. Mr. Mumford launched and operates out of the GTIS office in North Carolina and is responsible for overseeing acquisition and development in the Southeast United States for the GTIS BTR platform.

Mr. Mumford’s experience in the real estate industry began in 2002. Prior to joining GTIS, Mr. Mumford most recently consulted with Beechwood Homes, a major private Long Island based homebuilder, in leading their expansion efforts into the North Carolina market. Prior to that, Mr. Mumford spent 17 years with Newland Real Estate Group, a premier national master plan community development company. As a Senior Vice President and Division Manager overseeing Newland’s Charlotte office, Mr. Mumford created and implemented the business plans for the company’s Mid-Atlantic region comprising of projects in North and South Carolina and Washington, DC markets, with total annual revenues ranging between $75 and $90 million. During Mr. Mumford’s tenure at Newland, he led a team that included project VP’s, project and construction managers, as well as the marketing and operational support teams, and directed the acquisition and development of over 14,000 lots.

Mr. Mumford holds a B.S. in Civil Engineering from the University of North Carolina at Charlotte and is a licensed professional engineer in North Carolina and New York.

Bill Mumford

Scott Bordogna is a Senior Director, Head of Asset Management at GTIS Partners and is responsible for driving operating and financial performance through strategic, hands on asset management of the firm’s investments in its U.S. platform.

Mr. Bordogna’s experience in the real estate industry began in 2008. Prior to joining GTIS in 2014, Mr. Bordogna was a Vice President at Synapse Capital where he was responsible for sourcing investment opportunities as well as asset management across the firm’s platforms. Prior to Synapse, Mr. Bordogna was an Associate at the estate of Lehman Brothers performing workouts across the firm’s real estate portfolio. At Lehman, Mr. Bordogna was focused on the asset management of debt, equity and REO assets with gross capitalization of roughly $1 billion. His responsibilities included oversight of development, evaluating financing opportunities and potential exit strategies.

Mr. Bordogna received a M.S. in Real Estate Finance & Investment from New York University and a B.S. in Finance from Lehigh University.

Scott Bordogna

Gary Davis, Director of Design and Development, joined GTIS Partners in 2021 and has extensive experience in the design, development and construction of residential, commercial, hospitality and retail projects. His responsibilities at GTIS include overseeing the development of the firm’s build-to-rent communities.

Prior to joining GTIS, Mr. Davis was the founder and Principal of Davis Design and Development where he advised GTIS on a 650,000 sf residential tower in San Francisco, 195 new houses for rent in Phoenix and a 95 room, five star hotel in Lenox, Mass. While at Davis Design, Mr. Davis was highly involved in activities that ranged from deal sourcing and project conception to pre-development, construction and occupancy. He was previously the Director of Development at the Mack Real Estate Group in New York where he oversaw large scale residential projects in New York and LA and was also a founding partner at Urban Development Partners and has held Executive and Senior Vice President positions with The Athena Group, Ian Schrager Hotels and Edward. J Minskoff Equities.

Mr. Davis is a licensed architect and has lectured at Columbia University and NYU. He holds a Masters of Architecture degree from Princeton University and an undergraduate degree from Weslyan University.

Gary Davis

Aimee Martin joined GTIS Partners in October 2021 as a Senior Director on the US Acquisitions team. Ms. Martin will be based in Dallas, TX and is responsible for the origination of new residential land development and homebuilding investments in multiple markets throughout the U.S.

Ms. Martin has over 25 years of diversified residential real estate experience in equity and debt investment, asset management and project finance, development, and operations. Prior to joining GTIS in 2021, Ms. Martin was a Managing Director at Isles Ranch Partners where she led the origination of the firm’s residential investments in Texas, Mountain/Central, and Eastern U.S. Prior to Isles Ranch, Ms. Martin worked at Rockpoint Group, where she was responsible for originations and asset management across a variety of the firm’s residential land investments, including a structured finance fund. Ms. Martin’s experience also includes roles as Director of Land Finance at Meritage Homes Corporation and Director of Project Finance at Terrabrook, a national land development company owned by Westbrook Partners. Ms. Martin began her real estate career at Windsor Companies, a developer of multifamily and hotel properties based in Dallas, Texas.

Ms. Martin received a B.S. from Pepperdine University. She is an active member of the Women's Housing Leadership Group and the Urban Land Institute, serving in various leadership roles on both national and local levels.

Aimee Martin

Andy Kerkhoff is a Vice President of Development and leads the development of Build-for-Rent and multi-family projects in the Southeast for GTIS.

Previously, Mr. Kerkhoff worked with Newland Communities managing the land development activities for multiple master planned communities, including the 5,000 acre community of Nexton in Charleston, SC and the 1,400 acre community of RiverLights in Wilmington, NC, with a total project life of project budgets in excess of $700 Million dollars. Prior to that, Mr. Kerkhoff has over 20 years of development and construction experience, as he has worked with multiple general contractors on a wide array of construction projects in a multitude of segments, including civil, public works, institutional, higher education and land development. 

Mr. Kerkhoff graduated with a Bachelor of Science in Civil Engineering from Clemson University. 

Andy Kerkhoff

Kelly Smolenski is a Vice President of Development at GTIS.

Prior to joining GTIS, Ms. Smolenksi was a Project Manager in RXR Realty’s Real Estate Development group where she helped manage the development of several Class-A commercial office projects in New York City. She also served as a Development & Construction Associate for the Farrell Building Company and a Real Estate Development Intern at Hines. Previous to her development experience, Ms. Smolenski was a Project Architect at Olson Kundig.

Ms. Smolenski earned a Bachelor of Architecture degree from the Pratt Institute, School of Architecture and a Masters in Real Estate Development from NYU, Schack Institute of Real Estate.

Kelly Smolenski

Meet the Team

Part of shaping places is ensuring they last. We take our ESG efforts seriously, utilizing design and product construction to deliver sustainable solutions from energy and water efficiency to smart home technology.

Some examples of this include our Tavalo at Cadence community. By using HercuWall, a panelized wall system comprised of concrete, steel, and EPS, energy costs are reduced by 20 to 40%. Another example is our under-construction community in Tampa, which will make use of recycled water for irrigation, saving 1 million gallons of potable water every year.

We are also deeply committed to the social well-being of our residents. The heart of our communities exists beyond the home. It’s in the barbecues, playgrounds, dog parks, and trails. It’s in every moment that transforms residents into neighbors and neighbors into community members.