SCOT SELLERS
CEO, Archstone
Years in the Industry: 28
While rumors have been circulating about the future of Denver-based Archstone since Tishman Speyer and Lehman Bros. spent $22.2 billion to privatize the firm, there’s still a widespread feeling among industry watchers and analysts that investors would welcome the company back to the public markets back with open arms. A big part of that is the leadership of CEO Scot Sellers. In fact, while the company was still in the public domain, a longtime Wall Street analyst called Sellers “one of the most impressive CEOs in the REIT industry.”
Sellers played a huge role in nursing the massive deal, cited as the biggest multifamily real estate deal of the decade, to the finish line. But well before that time, he’d already established his chops as a leading apartment executive. With more than 28 years of experience in the apartment industry, Sellers has been responsible for the development, acquisition and operation of more than $40 billion worth of apartment communities. He was one of the first large companies to purchase units overseas. In 2009, the company owned or had an ownership position in 446 communities located in the United States and Europe, representing 84,541 units.
