Charleston, SC, January 12, 2015 --(PR.com
)-- Connorex-Lucinda, LLC an institutional aggregator of single family rentals has brought on two senior professionals. Conrad Langenegger, Managing Director and Chief Operating Officer and John Halasz, Managing Director and Head of Capital Formation, Marketing and Investor Relations as it continues to expand its core business.
Mr. Langenegger comes from Marvin & Palmer Associates, a global equity fund where he was a Senior European Equity Analyst and Portfolio Manager. Prior to M&P, he worked as the Regional Head of Equity Derivative Operations at Goldman Sachs. In addition, he was a Captain in the United States Army. Among his military assignments and qualifications were Battalion Fire Direction Officer for the 3-29th Field Artillery Regiment, Assistant Brigade Fire Support Officer for the 3rd BCT, 4th Infantry Division, Airborne, and Air Assault. Mr. Langenegger earned a B.S. at the United States Military Academy at West Point, with a major in Mechanical Engineering, and an MBA from the Stephen M. Ross School of Business at the University of Michigan, with concentrations in Finance and Corporate Strategy.
Mr Langenegger cpmments “I am excited to be a part of Conrex as we grow nationally and become a pre-eminent firm in the single family rental space.”
Mr. Halasz comes from The Marché Group at Ameriprise, a wealth management business where he was a founding partner and two time award-winning wealth manager. Prior to The Marché Group, he was a Managing Director for and consulted to various hedge fund and real estate partnerships providing business development, marketing and capital formation. In addition, he worked for Morgan Stanley for almost a decade as an Investments Representative in the Private Wealth Management division, and prior to that he founded built and sold a successful retail business. Mr. Halasz earned a Bachelor of Science in Business with a concentration in Marketing and a minor in Political Science from Northeastern University and was a Division I Soccer Player.
Mr. Halasz comments “I am thrilled about this opportunity, Conrex has taken a complex, regionally fragmented business and institutionalized it.”
Ralph Nacey, founding partner, comments, “It’s great to add Conrad and John. Our growth has been exponential and these are two significant additions to our business.” Eric Phillipps, founding partner, comments “Conrad and John are ideal additions for us as we continue our expansion in this industry.”
About Conrex: Connorex-Lucinda, LLC is an institutional aggregator of single family homes in its fourth year of operation. The firm currently owns over 2,000 homes in 14 cities spread across the Southeast and Midwest and is purchasing approximately 50 additional homes per week. In addition to its existing funds, the firm has spent several years creating proprietary systems and technology to institutionalize the complicated and fragmented business of purchasing and renting stand-alone single family homes.
Conrex's proprietary technology platform helps to maintain its position as a thought-leader in this quickly-growing institutional asset space. A focus on fast growing markets in the US, uniform controls for every stage of the process, and high barriers to entry for competitors allows Conrex to continue to develop attractive assets for the foreseeable future.