Veritas Investments, one of the largest managers of multifamily, urban retail and mixed-use properties in California, is pleased to announce that Phillip Owens has joined the privately held firm as Chief Financial Officer. This appointment reflects the ongoing growth of one of the West Coast’s premier real estate firms providing high-quality workforce housing to a broad cross-section of residents in the San Francisco Bay Area, greater Los Angeles and other markets.
In his new role, Phil will oversee accounting, tax, technology, and human resources and work with the other executives to grow the firm’s real estate investment portfolio. Phil will report directly to the CEO, Yat-Pang Au.
Most recently, Phil comes to Veritas from Newport Beach, CA-based Green Street, a 35-year-old research and advisory powerhouse, where as Managing Director of the Advisory and Consulting Group, he worked with a broad range of private and public real estate companies since 2009. He comes with deep experience and acumen on public debt, equity, private market transactions, and public boards. He played a key role in building the Advisory and Consulting Services team into one of Green Street’s primary global business lines.
Prior to Green Street, Phil was the Director of Investments for The Advent Group. He was an Investment Associate for Steadfast Companies prior to the Advent Group. He started his career at J. P. Morgan as an Investment Banking Financial Analyst in San Francisco.
Phil graduated from University of Southern California with a degree in Business Administration with a concentration in Finance. He received his MBA from University of California at Berkeley and maintains a connection with UC Berkeley as a Policy Advisory Board Member for the Fisher Center for Real Estate and Urban Economics. Phil is a Chartered Financial Analyst (CFA) and holds FINRA Series 7 and 66 licenses.
“After a robust search process, we are thrilled to have Phil join us,” said Au, Veritas’ CEO. “He brings a combination of incredible external market and industry expertise, capital market capabilities, innovative thinking, and tremendous financial acumen most recently from Green Street. He will be a terrific talent multiplier for our leadership team and a wonderful fit for our collaborative and entrepreneurial culture.”