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Starwood Waypoint Residential Trust Announces Management Changes

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Starwood Waypoint Residential Trust (NYSE: SWAY) ("the Company"), a leading
single-family rental real estate investment trust, announced today that Doug
Brien, Co-Chief Executive Officer, has been appointed Chief Executive Officer
and a member of the Board of Trustees. Additionally, Charles
Young, currently Senior Vice President – West Division, has been promoted to
Chief Operating Officer.

The Company also announced that Gary Beasley, Co-Chief Executive
Officer, will resign his position effective April 3, 2015 to pursue other
opportunities. Mr. Beasley will also resign from the Board of Trustees
effective March 25, 2015. Separately, Colin Wiel, Chief Investment
Officer, will resign his position with the Company effective April 3,
2015. He will remain a trustee on the Board.

Barry Sternlicht, Chairman of the Board of Trustees, said, "The Board
is pleased to appoint Doug as Chief Executive Officer. Doug's role as
co-founder of the Company and his outstanding leadership of its best in class
operating platform make him well suited to lead the Company in the future and
join the Board of Trustees. With the integration of our businesses now
complete, the Board thanks Gary and Colin for their leadership and wishes them
well in their future endeavors."

Doug Brien, Chief Executive Officer, said, "Through Gary's and Colin's
leadership and contributions, we have emerged as a leader in our industry. I
am also pleased to promote Charles Young to Chief Operating Officer of the
Company. Charles is a strong leader and a superb manager who has played an
important role in developing our national platform with industry leading
operating margins." Mr. Brien added, "Our partnership with Starwood
Capital Group has been a significant factor in our strategic development and
success. As we enter the next phase of our evolution I fully expect to build
on the impressive growth achieved through this important relationship."

Mr. Brien has served as Co-Chief Executive Officer of the Company since its
spin-off from Starwood Property Trust, Inc. in early 2014. He is a co-founder
of Waypoint and has served as one of its Managing Directors since its founding
in 2009. Mr. Brien was recently selected as one of the 'Top 100 Most
Innovative Entrepreneurs' by Goldman Sachs and was a winner of the Northern
California Ernst & Young Entrepreneur of the Year. He received a B.A.
in Political Economies of Industrial Societies from the University of
California, Berkeley and an M.B.A. from Tulane University.

Mr. Young has served as Senior Vice President – West Division since January
2014, currently responsible for seven operating regions. He joined the Company
in May 2012 as a Regional Director, followed by Division Vice President. Mr.
Young has 20 years of commercial real estate experience, including development
and investment banking. He received a B.A. in Economics from Stanford
University and an M.B.A. from the Stanford Graduate School of Business.

"It has been a privilege to serve as Co-Chief Executive Officer with Doug
since we became a public company last year," said Mr. Beasley. "As I leave to
begin another entrepreneurial journey, I am extremely confident in
Doug's ability to lead our talented national organization. I would like to
wish the entire SWAY team well and know they will build on what we started
with great success."

Posted-In: News Management

 

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