Tribe Property Technologies Inc. (TSX-V:TRBE) reported that Drew Keddy has joined the group in the new role of chief operating officer (COO) with effect from September 1, 2022.
Keddy, who has an extensive background in real estate, will report directly to CEO Joseph Nakhla and focus on organic growth opportunities, operational efficiencies, and accelerating acquisition strategies.
"We are pleased to welcome Drew Keddy to Tribe, with his proven expertise leading high-growth real estate operations, Drew will be of immense value as we optimize our processes and continue scaling our operational capacity in our next chapter of growth," said Nakhla in a statement.
"Mr Keddy's experience growing companies through mergers and acquisitions, both domestically and internationally, will not only take Tribe's M&A strategy to the next level, but help to accelerate our growth going forward," he added.
READ: Tribe Property Technologies says 2Q revenue rose 9% from year-ago period
Keddy was most recently president of Sutton Group Realty Services and before that was a former vice-president (VP) of Canada, VP of North American operations and director of corporate development with Colliers International.
Keddy said: "I'm honoured to join the team and support Tribe's purpose of simplifying residential community living with the most comprehensive suite of products and services for building and managing residential communities. Tribe's integration of technology with service delivery is transforming how people experience community living, connect with their neighbours and interact with their homes."
Property technology group Tribe says it has three revenue pillars - software and service (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnership (smart building products, financial and insurance service).
It aims to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization. Tribe says its platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services.
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