Anyplace Expands Board With iInvestment Agency Chief Joseph Lenz
Joseph Lenz is a managing director and co-head of analysis at TPG Angelo Gordon. He turns into the thirteenth member of Anyplace’s board this week after the franchising large added a seat.
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Franchising and brokerage large Anywhere introduced this week that it’s increasing its board from 12 to 13 individuals by way of the addition of Joseph Lenz.
Joseph Lenz
Lenz presently serves as a managing director and co-head of analysis of credit score options at asset administration agency TPG Angelo Gordon. A press release from Anyplace says Lenz has “intensive advisory and investing expertise, together with serving to information corporations’ investments throughout capital construction and navigating investor and authorized affairs.”
Anyplace CEO Ryan Schneider stated within the assertion Lenz’ “expertise will complement our extremely regarded board.”
“As a managing director of TPG Angelo Gordon, a high stockholder, he’ll convey an essential shareholder perspective,” Schneider added. “I stay up for the insights Joe will convey as we execute the Anyplace technique to ship outcomes and drive progress.”
Lenz beforehand served on the board of Northern Oil and Gasoline and is a present board member for SECURE Vitality. He graduated from the College of Pennsylvania in 2010 and beforehand labored at Morgan Stanley.
Moreover, Lenz has actual property in his blood; he’s the son of famed New York Metropolis actual property agent Dolly Lenz.
Michael J. Williams, chair of Anyplace’s board, expressed pleasure about Lenz’s arrival on the firm.
“Anyplace is dedicated to sustaining a high-caliber and various board, and we’re assured we’ll profit from Joe’s notable enterprise expertise,” Williams stated. “We’re grateful for the continued assist of TPG Angelo Gordon, and we stay up for working with Joe upon his becoming a member of the board as we proceed to information and assist the Anyplace management group.”
Lenz joins Anyplace at a vital time for the corporate. In recent times a deluge of commission lawsuits have sought to problem the best way brokers receives a commission. The very best-profile of those circumstances, Sitzer | Burnett, went to trial in October and ended with a jury finding that the Nationwide Affiliation of Realtors and main trade franchisors conspired to maintain commissions excessive.
Anyplace was a defendant in that case, however filed a settlement earlier than the trial and thus didn’t take part within the October protection. Anyplace has additionally settled different fee circumstances, although it stays to be seen extra broadly simply how these circumstances would possibly affect the trade or power systemic adjustments.
Ryan Schneider
At Inman Join New York in January, Schneider argued that his company’s settlement actually offers it a bonus over different actual property corporations.
Other than fee lawsuits, the actual property trade additionally presently faces uncertainty associated to excessive mortgage charges and low stock.
All of which is to say that each Anyplace and the actual property trade usually are navigating uncharted waters proper now, which locations better strain on leaders.
Within the assertion, nevertheless, Lenz argued that Anyplace no less than “is well-positioned to navigate at the moment’s housing market whereas harnessing the ability of its distinctive benefits to drive change, unlock new progress, and ship long-term worth.”
“I stay up for partnering with my new Anyplace board colleagues and the administration group,” he added, “to assist additional speed up the Firm’s strategic transformation.”
