Mark Bates Named Chief Investment Officer at Security Properties, Paving the Way for Future Growth

Security Properties Names New Chief Investment Officer

Security Properties, a leading real estate investment partner based in the Pacific Northwest, has announced the appointment of Mark Bates as its new Chief Investment Officer (CIO). With an impressive career spanning over two decades in institutional real estate investment, Bates joins the firm with a wealth of experience and a strong track record in multifamily investments, execution, and performance.

Bates previously served as the Managing Director of Conventional Investments at Security Properties since joining the company in 2023. During his tenure, he played a crucial role in shaping the firm's investment strategy and significantly scaling its market-rate portfolio. Before his time at Security Properties, Bates held senior positions at several prestigious investment and asset management firms, where he successfully managed investments, capital markets, and strategic joint ventures across major U.S. markets.

The appointment of Bates as CIO marks an exciting new chapter for Security Properties as the company aims to enhance its fully integrated platform catering to a diversified range of multifamily investment opportunities. These opportunities range from affordable housing and market-rate communities to ground-up development. This strategic diversification is designed to meet the growing demands of institutional and private capital partners who seek tailored investment solutions in today's dynamic housing market.

Dan Byrnes, the Chief Executive Officer of Security Properties, expressed confidence in Bates' leadership, stating, "Our goal has always been to build a legacy of excellence in multifamily living. Mark's leadership, deep investment expertise, and ability to navigate complexity make him the right person to lead this next phase. As our industry continues to evolve, having someone who understands the nuances across the housing spectrum ensures we remain agile, competitive, and aligned with investor goals."

In his capacity as CIO, Bates will be responsible for leading the firm's investment strategy across various multifamily disciplines and geographies. He will ensure that Security Properties maintains its position as a premier partner for multifamily capital. Additionally, he will play a vital role in cultivating relationships with capital partners and identifying emerging opportunities that will expand the firm's impact in the real estate market.

"I'm honored to step into this role at such a pivotal time for both our company and the multifamily sector," Bates remarked. "As investor needs shift, our ability to offer a range of investment products positions us well to create meaningful value while staying true to our mission. I look forward to continuing to work alongside our talented team to deliver exceptional results."

Currently, Security Properties manages a portfolio valued at over $6 billion across the United States, focusing on long-term growth, sustainability, and community impact.

About Security Properties

Security Properties is a national real estate investment, development, and operating company headquartered in Seattle, Washington. For more than 50 years, the company has been committed to providing quality housing to its residents and delivering excellent financial performance for its investors. Since its inception, Security Properties has acquired or developed over 109,000 residential units at a cost exceeding $12 billion, encompassing more than 660 assets. The firm continues to maintain a focused multifamily strategy supported by dedicated teams specializing in acquisition, development, construction, investment, and property management.

For more information about Security Properties, please visit SecurityProperties.com.