Waterford Property Company Adds Oren Hillel as Director of Development
Newport Beach, CA (February 12, 2022) – In response to its growing real estate portfolio, Waterford Property Company (Waterford) has announced the addition of Oren Hillel as Director of Development.
In this role, Mr. Hillel oversees the company’s real estate development strategies, focused on spearheading ground-up development projects, both market-rate and affordable housing. This includes identifying and securing development sites, working together with municipalities for all project approvals, leading design and permitting, as well as overseeing construction execution.
“Waterford has experienced tremendous growth as it builds its portfolio of assets which has encouraged building our internal team. Oren provides deep experience to Waterford. In this way, he can help us maximize opportunities to develop new projects as well as look at creative solutions in bringing more housing to California,” said Sean Rawson, co-founder, Waterford Property Company.
Prior to joining Waterford, Hillel worked at Greystar, one of the largest international real estate developers and managers, with more than $50 billion in assets under management. He was a key member of the greater Los Angeles development team, leading both market-rate multifamily and student housing projects from acquisition to completion. His background also includes roles with Dinerstein Companies, amongst previous work experience in real estate private equity, and value-add multifamily investment. Hillel holds a dual MBA and master’s degree in Real Estate Development from the University of Southern California and a bachelor’s degree from the University of California, Los Angeles.
“We see great potential to advocate for quality housing affordability and development throughout California. To maximize market potential takes a top-performing industry platform and that is what we’ve been building since founding the firm,” said John Drachman, co-founder, Waterford Property Company.
In 2021 Waterford launched its essential housing program and now administers 15 communities in Southern California that have been converted from market rate to essential housing bringing its portfolio to 4,014 units and over $2.4 billion of tax-exempt bond issuances, confirming the firm as the most active sponsor in CSCDA’s workforce housing program in California.
About: Waterford Property Company is an owner-driven diversified real estate investment and development company whose core mission is to solve the California housing crisis. Waterford has a successful track record in land development and entitlements as well as in the acquisition, management, and repositioning of multifamily and commercial properties. Its’ founders, Sean Rawson and John Drachman have collectively acquired or managed over $2.8 billion in projects throughout California. Waterford prides itself on its ability to develop real estate projects that meet or exceed the needs and desires of all local stakeholders and investors. For more information, visit www.www.bluesray.com.