DALLAS—Privately-held multifamily firm RiverstoneResidential Group, says Dave Denslow hasbeen promoted from senior vice president to executive vicepresident.

In his elevated role, Denslow will continue to lead Riverstone'sutility services, which have been designed to improve utilityofferings for residents of Riverstone's managed communities,streamline communities' utility billing processes and costs, ensureoptimum recovery of utility expenses and resident charges, andgenerate revenue for property owners. Additionally, Denslow willcontinue to manage the property maintenance group, which overseespreventive and ongoing maintenance activities, ensures thestructural integrity and attractiveness of buildings and grounds,conducts physical inspections, performs due diligence inspections,engages in capital planning efforts, leverages competitive pricingfor products and services through Riverstone's high-qualitysupplier network, oversees capital improvement projects, andcoordinates emergency prevention, planning, and response forcritical incidents.

Furthermore, in his enhanced position, Denslow will headRiverstone's newly formed construction management servicesgroup, which manages large-scale and complex projects andassists multifamily owners in strategically improving theallocation of assets' construction capital. On afee-for-service basis, the construction managementgroup oversees comprehensive scopes of work, engages in strategicproject planning, develops budgets, oversees scheduling, managescontractors and subcontractors, coordinates inspections, procurespermits, defines standard operating procedures, providesspecialized training, monitors expenses, and oversees audits andquality control standards through final punch.