What Happened?
Plymouth, MN-based Silver Bay Realty Trust has announced the Resignation of Timothy William John OBrien as General Counsel
About the Company
Silver Bay Realty Trust Corp. is a newly organized Maryland corporation focused on the acquisition, renovation, leasing and management of single-family properties for rental income and long-term capital appreciation. We generate virtually all of our revenue by leasing our portfolio of single-family properties and, from this revenue, expect to pay the operating costs associated with our business and any distributions to our stockholders. Our principal objective is to generate attractive risk-adjusted returns for our stockholders over the long term, primarily through dividends and secondarily through capital appreciation. We seek to establish a reputation as a good landlord to our tenants and a good neighbor in the communities where we operate. We believe that we can achieve economies of scale and develop a valuable consumer brand and that we are well positioned to be a market-leading firm in the single-family rental industry. We are externally managed by PRCM Real Estate Advisers LLC, or our Manager, and will rely on our Manager to provide or obtain on our behalf the personnel and services necessary for us to conduct our business as we have no employees of our own. Our Manager is a joint venture of Pine River Domestic Management, L.P., or Pine River, and Provident Real Estate Advisors LLC, or Provident. Silver Bay Property Corp., or our Manager's operating subsidiary, is a wholly owned subsidiary of our Manager. Our Manager and our Manager's operating subsidiary together provide us with a comprehensive suite of investment, acquisition and property management services, utilizing the combined expertise of Pine River and Provident. Silver Bay is headquartered in Minnetonka, Minnesota and has elected to be taxed as a REIT for U.S. federal tax purposes.
About the Person
Timothy OBrien has been our General Counsel and Secretary since Silver Bay’s incorporation in July 2012. Mr. O’Brien is a Partner of Pine River Capital Management L.P. and has served as General Counsel and Chief Compliance Officer of Pine River since 2007. Mr. O’Brien is also the General Counsel of Two Harbors Investment Corp., having served in that role since 2009. From 2004 to 2006, Mr. OBrien served as Vice President and General Counsel of NRG Energy, Inc., a publicly listed power generation company. Mr. OBrien served as Deputy General Counsel of NRG Energy, Inc. from 2000 to 2004 and Assistant General Counsel from 1996 to 2000. Prior to joining NRG Energy, Inc., Mr. O’Brien was an associate at the law firm of Sheppard Mullin in Los Angeles and San Diego, California. He received a B.A. in History from Princeton University in 1981 and a J.D. from the University of Minnesota Law School in 1986.
Info Source
News
Short Profile