(press release: dougkligman) // New York, New York, United States // Douglas J. Kligman
Vesper Holdings (“Vesper”) is pleased to announce that Joseph Hughes has been promoted to the position of Chief Financial Officer at Campus Life & Style (“CLS”), its wholly-owned property management company. CLS manages Vesper’s rapidly growing portfolio of off-campus apartment communities. With nearly 17,000 beds spread across 22 markets, Vesper’s student housing portfolio is the 8th largest in the United States.
Mr. Hughes previously served as CLS’ Senior Vice President of Financial Planning & Analysis. In his new role as CFO, Mr. Hughes will be responsible for all financial activities of the company including accounting, financial reporting, budgeting, and financial planning and analysis.
Prior to joining CLS in 2016, Mr. Hughes served as American Campus Communities’ Vice President of Budgeting & Forecasting, a position he held from 2007 to 2015. He managed the team of analysts who were responsible for SEC reporting metrics and analysis, asset management, forecasting, and the annual budget preparation and review process - for over 200 owned and managed communities. Mr. Hughes graduated from Princeton University in 1997 with a B.A. in Economics with a concentration in Mathematics.
"Joseph embodied the perfect combination of skills, exceptional work ethic, leadership abilities, and extensive student housing industry experience that we needed to successfully develop and implement CLS’ financial planning and strategy initiatives,” explained Elliot Tamir, Vesper’s Co-CEO. “Joseph has been a tremendous asset to both CLS and Vesper throughout his tenure. We believe he is uniquely qualified to excel in this expanded role.”
About Vesper Holdings
Founded by Elliot J. Tamir and Isaac J. Sitt, Vesper Holdings is a privately-held real estate investment firm based in New York City. Vesper Holdings’ diverse portfolio includes student housing, retail, mixed use, office buildings and parking structures. Vesper Holdings ranks as the 8th largest student housing owner in the United States. Its real estate portfolio consists of 44 properties, including nearly 17,000 student housing beds. Vesper Holdings anticipates growing its student housing portfolio to 25,000 beds over the next two years.
For more information about Campus Life & Style, please visit clsliving.com. For more information about Vesper Holdings, please visit vesperholdings.com.