The RMR Group announced the appointment of Summit Walia as Head of Residential Acquisitions. In this new role, Mr. Walia will lead the execution of RMR Residential?s investment strategy nationwide and will report to Rob Lester, Senior Vice President, Chief Investment Officer, Residential. Mr. Waliajoins RMR with more than 20 years of real estate investment and leadership experience at large institutional asset managers where he has closed more than $5.2 billion in acquisitions, including more than $4.1 billion in acquisitions in the residential sector.

Most recently, Mr. Walia was Managing Director, Real Estate Acquisitions for LaSalle Investment Management where he led a team that executed transactions across all asset classes and sourced investments across the risk spectrum in the western United States. Previously, he was Executive Director, Real Estate Acquisitions for JP Morgan Asset Management. In his new role, Mr. Walia will lead RMR Residential?s team of residential investment professionals responsible for sourcing and closing residential acquisitions across the U.S. Mr. Walia earned a Bachelor?s degree with honors in Business and Finance from The University of Texas at Austin.

He serves as an Advisory Council Member of The University of Texas Real Estate and Finance Investment Center, as a Gold Member of the Urban Land Institute Multifamily Council and as a Member of the National Multifamily Housing Council.