Expertise
Waterfall Living's communities are asset-managed by Corrett, a team dedicated exclusively to U.S. student housing investment and operations.
Asset Manager
Corrett was founded in 2022 by Lee Ryder, Scott Pomeroy and Dennis Hardie to execute core-plus and value-add oriented investment strategies with the goal of generating attractive risk-adjusted returns to investors through US student housing investments.
Prior to the formation of Corrett, the principals created and worked together for 15 years at University Communities. There, the principals built a portfolio of student housing assets with a large public pension fund. During that time, the management team acquired, constructed, renovated and sold over $2 billion in assets, including the successful liquidation of the portfolio in 2020 and 2021.
Attribution. The transaction volumes, asset counts, bed counts and liquidation results described above were achieved by the principals in their prior roles at University Communities, the student housing division of Apartment Investment and Management Company (AIMCO), and Yugo (USA) — not by Waterfall Living, and not by Corrett as a firm. Waterfall Living did not sponsor, manage or participate in those investments. Prior performance is not indicative of the results of this offering.
President
Lee Ryder founded and served as President of University Communities where he drove strategic direction, business growth, and oversaw all aspects of the company. Prior to University Communities, Mr. Ryder was CFO and Director of Acquisitions for the student housing division of AIMCO (NYSE Ticker: AIV) where he oversaw over $1 billion of student housing transactions. He also sits on the Student Housing Council of the Urban Land Institute.
Vice President of Investments
Scott Pomeroy served as Vice President of Investments at University Communities, overseeing acquisition, disposition, and financing activities in addition to asset management and investor reporting functions. Prior to University Communities, Mr. Pomeroy was a commercial real estate financing underwriter at multiple private real estate capital firms including Johnson Capital.
Chief Operating Officer
Dennis Hardie served as the Chief Operating Officer at University Communities and subsequently Yugo (USA). As COO, Mr. Hardie oversaw property operations of the national student housing portfolio that comprised 40 assets and over 16,000 beds. He was also involved with a variety of aspects of the business ranging from acquisitions, construction management, and asset management.
Attribution. The transaction volumes, asset counts, bed counts and liquidation results described above were achieved by the principals in their prior roles at University Communities, the student housing division of Apartment Investment and Management Company (AIMCO), and Yugo (USA) — not by Waterfall Living, and not by Corrett as a firm. Waterfall Living did not sponsor, manage or participate in those investments. Prior performance is not indicative of the results of this offering.
Investor Relations
Access your portfolio, statements and tax documents through our secure investor portal, or reach our investor-relations team.
