/EINPresswire.com/ Dallas, TX (May 11, 2010) Riverstone Residential Group, one of the largest privately-owned, third-party multifamily property management companies in the United States, has named 25-year industry veteran, Patricia Bowen, Executive Vice President of Compliance Services. Among her varied responsibilities, Bowen will oversee the Tax Credit Compliance program, HUD Bond programs, and other Affordable Housing programs. In addition, she will manage Riverstone’s internal audit programs in the company’s Quality Assurance Group.

Bowen boasts diversified and rich industry experience in numerous management and leadership positions. She was in property management with AIMCO for the past 14 years where she was most recently, Vice President of Compliance, and managed a team of thirty Compliance Specialists. In addition, Bowen also held the position of Vice President of Property Operations – Affordable and Vice President of Process Improvement.

Along with notable highlights in her career, one of Bowen’s most notable achievements was the successful implementation of a new operating platform for managing approximately 35,000 subsidized apartment units. This same operating platform has now been deployed for 76,000 conventional units.

“We are thrilled to have Patricia join our team,” said MarySusan Wanich, Riverstone’s Chief Operating Officer. “Riverstone has one of the most progressive compliance and audit programs in the country and with her vast property, operational, and regulatory experience, she is the perfect fit to lead the company’s ongoing commitment to provide the best in these services to our clients.”

Bowen holds a master’s degree in organizational management, a bachelor’s degree in human resources management and several professional accreditations. She will report to Wanich and will be based in Riverstone’s Denver office as of May 10, 2010.

About Riverstone Residential Group
Riverstone Residential Group is the largest, purely third-party multifamily management company in the United States. Focused exclusively on the delivery of unparalleled property management services including media and marketing services, capital improvement management services, utility management services, resident screening and collection services, and purchasing services, the company manages a portfolio of assets valued at more than $15 billion for leading institutions, pension funds, developers and other major owners. Located in metropolitan markets across the nation, the more than 700 managed properties include high-rise, mid-rise, and garden-style communities in both conventional and affordable assets. The company is headquartered in Dallas, TX. For additional information, visit www.RiverstoneRes.com or e-mail [email protected]

Susan Morrow
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