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

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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.

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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.

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Denslow's broad expertise places him in a prime position to leadall three service groups. He began his career as a maintenancetechnician, and since joining the property management industry in1998, has garnered considerable experience in building maintenance,construction supervision, asset renovations, training, duediligence, budgeting and finances, and contract negotiations.Denslow has held roles at Riverstone including regionalmaintenance manager, director of maintenanceeducation, and vice president ofmaintenance operations. He holds a bachelor's degree inengineering from Michigan State University, and amaster's degree in business administration from theUniversity of Detroit Mercy.

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“Dave's specialized knowledge, client service orientation, anddedication to leading performance-focused teams have beeninstrumental in driving the expansion and expert service deliveryof Riverstone's utility, property maintenance, and constructionmanagement services,” said Gardner Rees, divisionpresident, at Riverstone. “His appointment to the executive vicepresident role will allow us to continue delivering the kind oftechnical expertise, comprehensive service offerings, andcompetitive pricing that our clients expect, and will assist us inidentifying new ways to meet client needs through our scalableutility, maintenance, and construction platforms.”

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Denslow, who is based in Denver, will continuereporting to Rees.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.