Compass Acquisition Partners, a real estate investment firm focuses on multifamily apartment communities located in supply-constrained markets, has named veteran multifamily executive Lynn Owen as chief executive officer.
Owen brings more than 30 years of real estate management experience from some of the largest companies in the multifamily sector to her role at the Woodland Hills-based firm.
She joins Compass from TruAmerica Multifamily, where as chief operations officer she oversaw all asset and construction management and portfolio operations functions. She also was a member of the firm’s investment committee.
Previously, Owen was a principal with Seattle-based property management firm Glacier Real Estate Services, which was acquired by Greystar in 2010. She continued with Greystar as senior director of real estate until joining TruAmerica in 2014.
Since its founding by John Walsh in 2009, Compass Acquisition Partners has built a $1.2 billion portfolio of multifamily and retail assets located in select markets along the West Coast, Colorado and Wyoming.
Owen plans to expand Compass’ investment platform to include private equity real estate joint ventures with institutional capital partners with a goal of investing approximately $500 million over the next 12 months.
“I’ve known Lynn for a long time and have always been impressed with her energy and ‘out-of-the-box’ thinking. Given her track record, I know she will accomplish what she sets out to do and that means great things for Compass,” said Walsh.
Owen has received widespread recognition for her work, having been named as a 2017 Power Woman in Real Estate by Connect Media. She was also inducted into Real Estate Forum’s 2018 Women of Influence Hall of Fame.
She is also well known for her fundraising ability and passion for causes close to her, which include charities that end homelessness and organizations that assist victims of domestic abuse.
Owen attended The University of Minnesota majoring in business administration with a focus in marketing. She is attending Pepperdine Graziadio Business School and will graduate with her MBA in December 2019.
Compass Acquisition Partners acquires, develops, redevelops, and manages multifamily apartment communities, and currently, the portfolio consists of 60 multifamily communities and 11 retail shopping centers concentrated in certain coastal submarkets along the West Coast, including Southern California, Northern California, Seattle metropolitan area, Colorado, Wyoming, Nevada and Hawaii.