Joseph Lenz is Managing Director and Co-Head of Analysis at TPG Angelo Gordon. He turns into the thirteenth member of Anyplace’s board of administrators after the franchise large added a seat this week.
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Franchise and brokerage large Anyplace introduced this week that it’ll enhance the dimensions of its board of administrators from 12 to 13 with the addition of Joseph Lentz.
joseph lentz
Mr. Lentz at the moment serves as Managing Director and Co-Head of Credit score Options Analysis at TPG Angelo Gordon, an asset administration firm. Anyplace stated in a press release that Lentz has “intensive advisory and funding expertise, together with guiding corporations throughout capital constructions and aiding with investor and authorized issues.”
Anyplace CEO Ryan Schneider stated in a press release that Lentz’s “expertise will complement our extremely regarded board of administrators.”
“As Managing Director of our largest shareholder, TPG Angelo Gordon, he’ll deliver an vital shareholder perspective,” Schneider added. “We stay up for the insights Joe will deliver as we execute our Anyplace technique to ship outcomes and drive development.”
Mr. Lentz beforehand served on the board of administrators of Northern Oil & Fuel and at the moment serves on the board of Safe Power. He graduated from the College of Pennsylvania in 2010 and beforehand labored at Morgan Stanley.
What’s extra, Lentz has actual property in his blood. He’s the son of well-known New York Metropolis actual property agent Dolly Lentz.
Michael J. Williams, Chairman of Anyplace’s Board of Administrators, expressed his pleasure for Mr. Lentz to affix the corporate.
“Anyplace is dedicated to sustaining a high-quality, various Board of Administrators, and I’m assured that Anyplace will profit from Joe’s vital enterprise expertise,” Williams stated. “We’re grateful for TPG Angelo Gordon’s continued help and stay up for Joe becoming a member of the board and dealing with us as he continues to mentor and help Anyplace’s management staff. .”
Lentz joins Anyplace at a essential time for the corporate. In recent times, there was a flurry of fee lawsuits difficult the way in which brokers obtain compensation. Essentially the most high-profile of those circumstances, Sitzer | Barnett, went to trial in October after a jury discovered that the Nationwide Affiliation of Realtors and main business franchisors colluded to maintain commissions excessive. It ended with that.
Anyplace was a defendant within the case, however didn’t take part within the October protection as a result of it filed for a settlement earlier than trial. Anyplace has additionally settled different Fee lawsuits, however it’s nonetheless unclear how these lawsuits will affect the business or pressure modifications to the system extra broadly. shouldn’t be.
Ryan Schneider
Mr. Schneider argued at Inman Join New York in January that his firm’s settlement really gave it a bonus over different actual property corporations.
Aside from charge litigation, the actual property business can be at the moment going through uncertainty associated to excessive mortgage charges and low stock.
Which means each Anyplace and the actual property business are at the moment navigating uncharted territory, placing super stress on leaders.
However Lentz stated in a press release that Anyplace will at the least “navigate right now’s housing market whereas leveraging the facility of its distinctive benefits to drive change, unlock new development, and ship long-term worth.” “We’re in an excellent place to take action.”
He added, “I stay up for working with my new Anyplace board colleagues and administration staff to additional speed up our strategic transformation.”
Electronic mail Jim Dalrymple II
