President - Investment Management
David L. Reynolds serves as President of Investment Management. His team is primarily responsible for raising institutional equity in fund-like structures, such as Separately Managed Accounts (SMAs), to finance Mill Creek’s development pipeline (multifamily and single-family rental) and its multi-investor Value-Add Fund, in which Mill Creek acquires apartment communities at its own discretion. Additionally, the Investment Management team continues to explore other fundraising strategies to provide equity to finance the long-term ownership of residential rental communities. Prior to this role, Mr. Reynolds served as Mill Creek’s Chief Financial Officer with overall responsibility for the finance and capital markets activity as well as accounting, human resources, and information technology departments.
Prior to joining Mill Creek, Mr. Reynolds worked in real estate private equity for fourteen years, most recently at Five Mile Capital Partners (FMCP) where he served as Managing Director for over ten years. At FMCP, he focused on investing in distressed real estate opportunities. Prior to this, Mr. Reynolds spent fourteen years in real estate investment banking at UBS Warburg and its predecessor companies, Kidder Peabody and PaineWebber and obtained the title of Managing Director. As an investment banker, he worked on over 50 lead managed transactions including: IPOs; common stock, preferred stock, and unsecured debt offerings. Additionally, he advised on approximately a dozen M&A transactions and took eight real estate companies through the rating agency process. Mr. Reynolds began his career in 1984 at Arthur Andersen & Co. as an auditor in its real estate and finance division.
Mr. Reynolds is a holder of the Chartered Financial Analyst (CFA) designation and is a Certified Public Accountant (CPA). Mr. Reynolds holds a Master of Business Administration in Real Estate and Finance from the Wharton School at the University of Pennsylvania. Additionally, he has a Bachelor of Science with Distinction in Commerce with a concentration in accounting from the McIntire School of Commerce at the University of Virginia.