SFR Industry Veteran Fred Tuomi Joins AvantStay's Board
LOS ANGELES, Aug. 16, 2022 /PRNewswire/ -- AvantStay, the premier hospitality platform transforming short-term rentals for the way people travel and invest today, announces that Fred Tuomi, former CEO of Invitation Homes Inc. and a preeminent investor, board member, and leader in the real estate industry, has joined its board. Tuomi will work with AvantStay to provide leadership and capital market guidance to help the company bring institutional capital to short-term rentals (STRs) as the next disruptive asset class.
- We are proud that Fred has recognized the value of AvantStay's business model, and his appointment to our board signals the strong future of the short-term rental market."
- Prior to its merger with Invitation Homes, Tuomi served as Chief Executive Officer and Director of Starwood Waypoint Homes.
- "I firmly believe STRs are the next market for institutional investment andgrowth in the real estatesector," said Tuomi.
- Mr. Tuomi also serves as an affiliate partner for the private equity firm Lindsay Goldberg as an advisor to Second Avenue, an integrated SFR platform.