Chris Avallone Takes the Helm as CFO at Amherst Group in Strategic Transition

Amherst Group Welcomes Chris Avallone as New CFO

The Amherst Group, a prominent player in the real estate investment and development sector, recently announced a significant leadership change. Chris Avallone has been appointed as the new Chief Financial Officer (CFO), effective from May 1, 2025. This transition comes as part of the company's strategic succession plan following the retirement of the current CFO, Dallas Lucas, who will step into an advisory role as Vice Chairman.

Avallone's journey with Amherst began nearly seven years ago, during which he significantly enhanced the company's investment operations and capital markets functions. As CFO, he will continue to oversee various responsibilities, including debt capital markets, equity capital raising, and corporate finance. His diverse background reflects a blend of experience gained from his previous positions at financial powerhouses Goldman Sachs and UBS Investment Bank, where he honed his skills in capital markets for over a decade.

Sean Dobson, Chairman, CEO, and CIO of Amherst, expressed confidence in Avallone's capabilities to navigate the company through this crucial phase. “As we transition into the next chapter of our growth and succession strategy, I believe Chris is well-positioned to help align our operations with our vision of being the leading residential real estate investment entity in the U.S.,” said Dobson. He also acknowledged Dallas Lucas's invaluable contributions over his five-year tenure and looks forward to his continued involvement in an advisory capacity.

In response to his new role, Avallone shared his enthusiasm about leading Amherst towards innovative housing solutions, stating, “I am excited to bring forward our housing strategies while ensuring we meet the expectations of our investors.” His dedication to intertwining the roles of CFO and investment management illustrates his commitment to fostering growth and collaboration within the firm.

Dallas Lucas, looking back on his fruitful years at Amherst, remarked, “It has been an honor to shape the firm’s financial strategy over the past five years. I eagerly anticipate continuing my journey with Amherst as Vice Chairman, supporting our teams for a smooth transition.” His continued presence on various boards within Amherst will help bridge the transition, ensuring that the firm leverages his wisdom and experience during this pivotal moment.

About Amherst Group

Amherst Group operates at the intersection of global capital markets and U.S. real estate, managing a robust portfolio worth $16.6 billion in assets under management (AUM). The company is recognized for its innovative strategies across real estate equity and debt focusing on single-family rental (SFR) and commercial real estate (CRE) sectors. With a dedicated team of over 1,000 professionals, Amherst is committed to delivering exceptional value to its investors and enhancing the communities it engages with. Interested parties can learn more at Amherst.com.

As the real estate landscape evolves, the Amherst Group stands ready to adapt and innovate, guided by a leadership team that prioritizes strategic growth and sustainable investment practices. The appointment of Chris Avallone marks not only a shift in leadership but also a reaffirmation of the company's commitment to excellence and growth in the residential real estate arena.