DALLAS—Privately-held multifamily firm Riverstone Residential Group, says Dave Denslow has been promoted from senior vice president to executive vice president.

In his elevated role, Denslow will continue to lead Riverstone's utility services, which have been designed to improve utility offerings for residents of Riverstone's managed communities, streamline communities' utility billing processes and costs, ensure optimum recovery of utility expenses and resident charges, and generate revenue for property owners. Additionally, Denslow will continue to manage the property maintenance group, which oversees preventive and ongoing maintenance activities, ensures the structural integrity and attractiveness of buildings and grounds, conducts physical inspections, performs due diligence inspections, engages in capital planning efforts, leverages competitive pricing for products and services through Riverstone's high-quality supplier network, oversees capital improvement projects, and coordinates emergency prevention, planning, and response for critical incidents.

Furthermore, in his enhanced position, Denslow will head Riverstone's newly formed construction management services group, which manages large-scale and complex projects and assists multifamily owners in strategically improving the allocation of assets' construction capital. On a fee-for-service basis, the construction management group oversees comprehensive scopes of work, engages in strategic project planning, develops budgets, oversees scheduling, manages contractors and subcontractors, coordinates inspections, procures permits, defines standard operating procedures, provides specialized training, monitors expenses, and oversees audits and quality control standards through final punch.

Denslow's broad expertise places him in a prime position to lead all three service groups. He began his career as a maintenance technician, and since joining the property management industry in 1998, has garnered considerable experience in building maintenance, construction supervision, asset renovations, training, due diligence, budgeting and finances, and contract negotiations. Denslow has held roles at Riverstone including regional maintenance manager, director of maintenance education, and vice president of maintenance operations. He holds a bachelor's degree in engineering from Michigan State University, and a master's degree in business administration from the University of Detroit Mercy.

“Dave's specialized knowledge, client service orientation, and dedication to leading performance-focused teams have been instrumental in driving the expansion and expert service delivery of Riverstone's utility, property maintenance, and construction management services,” said Gardner Rees, division president, at Riverstone. “His appointment to the executive vice president role will allow us to continue delivering the kind of technical expertise, comprehensive service offerings, and competitive pricing that our clients expect, and will assist us in identifying new ways to meet client needs through our scalable utility, maintenance, and construction platforms.”

Denslow, who is based in Denver, will continue reporting to Rees.