CA Ventures has plans to inves t$12 billion for the firm’s North American student housing and residential divisions, in conjunction with the promotions of four senior executives to help guide the firm’s continued growth.
The promotions include Michael Hales to president of the firm’s student living division, Matt Booma to president and global head of CA’s residential division, JJ Smith to the newly created role of managing principal of CA’s student living division, and Bob Flannery to COO.
“At CA Ventures, we are always looking ahead for growth opportunities, and the depth and experience of our team allow us to make strategic appointments that are integral to achieving our long-term investment objectives,” said Tom Scott, CEO of CA Ventures. “In their new roles, Michael, Matt, JJ and Bob will help propel CA into its next chapter of growth as we look to scale our portfolio to $30 billion in assets by 2024. The student and residential divisions will compr
