Michael Chesser founded Apartment Income Investors (Aii) in 1994 to capitalize on diverse real estate opportunities, including retail, office and Class B multifamily. Michael has built a reputation for increasing property values through a well-defined, repeatable investment process: buying underperforming properties at clear discounts to replacement cost and implementing renovation and repositioning strategies to improve occupancy and cash flow. Aii's approach to transforming properties has proven successful through several real estate cycles, and the company recently formed Transformation Housing Fund, LP to take advantage of growing demand for rental housing. Michael began his career as a licensed CPA. Starting at a prominent company in Beverly Hills, California, he later opened his own CPA firm in Santa Monica, California. Michael is an Army veteran and a graduate of Wichita State University with a degree in Business Administration and Accounting.
Carolyn has more than 14 years of experience with Aii and has been involved in all facets of the business including acquisitions, investor relations, property management and senior level management. Carolyn’s detailed analysis during underwriting and due diligence provides the foundation to maximize cash flow and asset values by transforming target assets. Carolyn is instrumental in each phase of Aii’s acquire-transform-realize investment process. She personally has handled mortgage underwriting and originations of over $500 million, and is lauded as an expert by Bank of America, Citigroup, Chase and all the major financial institutions. Carolyn is a graduate of the University of Arizona.
Neda has more than 16 years with Aii and affiliated companies and specializes in accounting and finance/business law. In addition to overseeing all property accounting, she also handles details of purchase and sale transactions. Neda oversees all tax filings and compliance for each of the property entities as well as the management and holding companies. Neda was honored by Chase Manhattan Bank for her decades-long affiliation and service to the bank’s mortgage processing division. She is a graduate of California State University, Northridge.
Kimberli is responsible for overseeing Aii's commercial, multifamily and student housing portfolio. Kimberli has 29 years of experience in providing all phases of asset and property management on a national level. She had a successful consulting business for 10 years, and her experience includes any asset process from acquisition through the hold period and disposition. Kimberli has built personalized programs and established operational procedures and standards for companies looking to rebuild and modify their business model. She has experience creating platforms with training departments to encourage growth and enhance the skill set of departments and teams. Her level of involvement ranges from hands-on management to running a team that benchmarks operations and hires and fires management as necessary. She has experience communicating with legal departments, lenders, institutional investors and the Governing Agencies involved with an asset.
Hillary has over 15 years of marketing experience. Her international career spans the United States, U.K. and France. Hillary is known for creating and producing outstanding and diverse marketing campaigns including a wide range of conferences, corporate events and public relations. Her extensive experience in Sales, Marketing and Event Management, as well as exemplary service, have earned recognition among some of the world's most recognized companies, including luxury market powerhouse brands such as Ralph Lauren, Gucci, Four Seasons, The Young Presidents Organization and Toyota Motor Company. Her ability to successfully put companies in the public eye and build new business relationships has gained her respect in a variety of diverse industries from luxury goods to corporate finance. Hillary has a Bachelor of Arts in International Business from the American University of Paris and a French language degree from La Sorbonne in Paris.
Brenda's responsibilities at Aii include providing general administrative support to the management team and President, managing investor relations, processing accounts payable, posting and maintaining accounting documents and the review of all monthly financial statements from our property management team.