Mill Creek Residential, a leading multifamily investor, builder and operator specializing in premier apartment communities across the U.S., today announced it has named William C. MacDonald as chief executive officer.
MacDonald, who has held the role of president since 2016, is a founding shareholder of the company and has a strong track record of leadership, business accomplishments and team building with Mill Creek. The change will be effective Jan. 1, 2019.
“I can’t think of anyone more qualified, or better prepared, to lead Mill Creek as we progress through the chapters ahead, than Bill,” said Charles R. Brindell Jr., executive chairman of Mill Creek Residential. “He has long demonstrated a unique combination of leadership skill, focused attention on important details, strategic vision and, most importantly, the ability to drive performance and results.”
As CEO and President, MacDonald will be responsible for all operations and the strategic leadership of Mill Creek’s many multifamily disciplines.
“Bill brings a long and impressive track record, and deep experiences and skill sets in both the finance and development/construction components of our business to this role as our new leader,” Brindell said in a memo to all Mill Creek associates. “All of us are fortunate for this opportunity to look to Bill’s leadership as he guides the continued growth and expansion of Mill Creek.”
Since MacDonald was appointed president of Mill Creek, the company has raised approximately $2 billion in capital, grown from 26,000 to 32,000 apartment homes and closed on a portfolio-wide transaction with the Arizona State Retirement System.
“I am excited about the future of Mill Creek and working with what I believe to be the best multifamily company in the industry,” MacDonald said. “Our world-class team has positioned us to become a true enduring enterprise, and I’m thankful for the opportunity to build upon that track record of success.”
Prior to becoming president, MacDonald served as Mill Creek’s chief investment officer, where he was responsible for all development, construction, acquisition and market research activity for a Mill Creek pipeline that has a total capitalization of more than $8 billion. He has also served Mill Creek as its executive managing director for the East Region. He held the same post at Trammell Crow Residential prior to participating in the founding of Mill Creek, where his divisions were responsible for the development of more than 40,000 residential homes and capitalization exceeding $5 billion.
The University of Maryland graduate earned his Masters of Business Administration from the Columbia Graduate School of Business. Recognized as a leader in the multifamily industry, he is a member of the National Multi-Housing Council (NMHC), the former Counselor to the five Multifamily Councils at the Urban Land Institute (ULI), and is currently a Governing Trustee at ULI.