There’s no better way to kick off 2021 than sharing good news. We’re excited to announce that we are expanding our leadership team with the additions of Karlene Holloman as EVP of Asset Management and Payal Gandhi as EVP of Development. We are also further expanding our board of directors by welcoming Stephen Richardson, co-CEO of Alexandria, as Board Director. With a big year ahead of us, we’re ecstatic to have these key roles join our leadership team.
As Executive VP of Asset Management, Karlene will drive all community operations and launch initiatives for the growing Starcity galaxy. Karlene brings to the team more than 30 years of experience in the hospitality industry in both the United States and Australia. As Chief Executive Officer at San Francisco’s Point Hospitality Group, Karlene led the acquisition, renovation, and brand positioning of five boutique hotels in California and Arizona. During her tenure, the hotels under her management reached some of the highest occupancy and ADR milestones in 25 years as well as multiple awards and acclaim including Conde Nast’s Top 20 Hotels in San Francisco. Karlene was also a founding member of Joie de Vivre Hospitality, which under her leadership became the most extensive collection of boutique hotels and resorts in California.
Karlene is a rare leader that brings industry expertise and an innovative approach to our ranks. She’s acutely aware of the challenges that the modern renter faces in cities and is excited to bring a high-touch level of service that she mastered in her career to the Starcity member. — Jon Dishotsky, Starcity CEO.
Also joining the team is Payal Gandhi, our new Executive Vice President of Development. Payal brings to the team a multitude of experience extending from business development, product marketing, investment management, and strategic finance. In her past roles, Payal has maintained an impressive track record of delivering successful projects for startups, global companies, and institutional investors. In her most recent position, Payal led multifamily development strategy for Mighty Buildings, a Silicon Valley-based venture-backed startup aiming to disrupt the construction industry with new materials, automation, and 3D printing. Prior to that, Payal focused on growing big brands in the hospitality industry including Kimpton Hotels & Restaurants and Starwood Hotels & Resorts.
We’re honored to have Payal come on board at Starcity. Her ability to grow our platform is unparalleled versus industry peers. She is shepherding a track record that combines both high growth technology as well as mastery of delivering significant returns for institutional investors. — Jon Dishotsky, Starcity CEO.
The final new addition to Starcity comes with Stephen Richardson, co-CEO of Alexandria, joining the Starcity Board of Directors. As a 20-year Alexandria veteran, Mr. Richardson jointly leads with a long-term focus on strategic planning and revenue growth. Under his leadership, Alexandria has become one of the world’s largest real estate investment trusts and a leader in life sciences real estate. Stephen will become the third outside director on Starcity’s board, joining Eric Wiesen, partner at Bullpen Capital, and Dan Kimmerling of Deciens Capital.
We’re building Starcity for the long-term. We’re lucky to do so alongside a roster of varied directors who believe that a revolution is required in housing to more closely align with what consumers want. — Jon Dishotsky, Starcity CEO.
With these key new additions to our leadership team, we are laying the foundation today for the future growth of our company. There is rapid growth and expansion on the near horizon for Starcity with over 3,000 units in our development and operations pipeline throughout North America and Western Europe and over 10,000 units in negotiations. We welcome the guidance and expertise of our new leaders as we continue to fight for our mission — make great cities more accessible through the creation of comfortable communal homes that inspire more intentional living.