Compass Acquisition Partners names Lynn Owen as CEO

Veteran multifamily executive Lynn Owen has joined real estate investment firm Compass Acquisition Partners as CEO.

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. 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, Calif.-based firm. Owen joins Compass from TruAmerica Multifamily, where as COO 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. Owen continued with Greystar as senior director of real estate until joining TruAmerica in 2014.  “I believe that there should be a paradigm shift in the way multifamily investment is conducted,” added Owen.  “At Compass, we are going to be investing with purpose to build our balance sheet, generate attractive risk-adjusted returns for our investors, and do things that improve the social context.”

Since its founding 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, primarily for its own balance sheet.