Laramar Group Hires Shane Fleniken as Vice President of Investments. Fleniken will oversee expansion into Texas multifamily investment market.
July 18, 2022 – The Laramar Group, a leading national real estate investment and property management company, announced the hiring of Shane Fleniken as Vice President of Investments for the Texas market. Reporting to Chief Investment Officer Bennett Neuman, Fleniken will be instrumental in leading the company’s multifamily investment expansion in primary and secondary markets in Texas and the Southwest.
He is based in Dallas-Fort Worth and has nearly 25 years of experience in multifamily investment. He will oversee Laramar’s investment strategy in Texas, including sourcing and executing real estate acquisitions from initial underwriting through due diligence and transaction closings. He will also assist in facilitating the professional development of acquisition analysts, associates and directors supporting the Texas expansion.
Fleniken moves to The Laramar Group from Respark Residential in Dallas, where he was Senior Vice President of Acquisitions for Multifamily Investments. In that role, he was responsible for establishing and growing the multifamily portfolio throughout the Sunbelt region of the U.S. In the first year of operations, he closed three transactions totaling $168 million and 748 units.
He previously spent 14 years with Berkshire Group in Dallas, rising to the level of Senior Vice President of Acquisitions for Multifamily Investments. In that role, he completed 56 transactions totaling in excess of $2.2 billion and 18,000 units through a combination of portfolio and individual property transactions in the Central, Southwest and Southeastern region of the U.S. In addition, he was involved in the acquisition of a large volume of debt transactions through the Freddie Mac CME program as well as sourcing development opportunities through joint venture relationships. He also was integral in establishing corporate strategy and investment criteria by identifying opportunities in target markets and throughout the capital stack.
“Shane brings an extensive background in multifamily investments to his new role with Laramar and is the ideal person to lead our expansion in the Texas market,” said Neuman. “He is an established investment professional in the region and will allow us to hit the ground running as we expand into this new market.”
He received a B.S. in finance and accounting from Louisiana State University.
Founded in 1989, Laramar Group is a vertically integrated and distinguished national real estate investment and property management corporation with a multi-billion dollar portfolio. For over 30 years, Laramar has delivered an unparalleled level of service to the real estate industry. Laramar has a presence in over 20 markets from coast to coast and maintains corporate offices in Chicago and Denver.