Walt Smith

Active in the property management industry since 1986, Walt was one of the three founding principals of HSC Real Estate, serving as its president from 2001 until it was acquired by Riverstone Residential Group in 2008. At the time of the Riverstone transaction, HSC provided property management and ancillary services for more than 34,000 apartment homes in California and the Pacific Northwest. Walt became CEO of Riverstone in 2009 and provided strategic vision and leadership for its portfolio of more than 800 managed properties and 4,500 associates. During his four-year tenure, Walt fostered a vibrant and collaborative company culture, significantly expanded the ancillary services platform, and drove substantial income and unit growth that ranked Riverstone as the second largest management company in the United States.

In 2014, Walt and the legacy HSC partners formed Avenue5 Residential to manage their 7,000-unit Investors Capital Group portfolio in the Western United States. Avenue5 Residential, a solutions-based portfolio management services company, commenced third-party management services for the multifamily industry in November 2015