Chief Executive Officer
The founder and CEO of Raintree Partners, Mr. Allen established the firm in 2007 as the successor to J.B. Allen Realty, Inc., a real estate development company he previously founded. Mr. Allen directs the company’s investment of $400 million in institutional equity into multifamily properties through value-add acquisitions and ground-up development.
Mr. Allen has more than 40 years of experience in real estate investment, development, and management. Prior to founding Raintree Partners and J.B. Allen Realty, Mr. Allen managed multifamily investments at SSR Realty Advisors, which later became BlackRock Realty. He also served as CEO of the company’s Metric Property Management subsidiary, where his team managed $2.3 billion of institutional capital invested in a portfolio of more than 20,000 apartment units across the nation.
Earlier in his career, Mr. Allen served as partner with Maguire & Partners in Los Angeles, a full-service real estate ownership and development firm. Previously, he served as a senior executive with affiliates of Security Capital Group, where he lead a team that developed, acquired and managed more than 22,000 apartment units and 12,000 extended-stay hotel rooms. Prior to that, Mr. Allen co-founded and was managing partner of the western region of Paragon Group, a leading national developer and manager of office, industrial, multifamily properties. He also cofounded Carlan Homes, a single-family homebuilding affiliate of Paragon Group, and served as the company’s Vice Chairman. Earlier in his career, Mr. Allen held development management positions with Cabot, Cabot & Forbes and The Koll Company.
Mr. Allen holds a Bachelor of Science in civil engineering from Cornell University and an MBA from Harvard Business School. He is a California-licensed real estate broker, a member of Urban Land Institute, ULI Multifamily Product Council (MFC), Cornell University Real Estate Council, Fisher Center for Real Estate and Urban Economics and the National Multifamily Housing Council (NMHC).