Student housing specialist Global Student Accommodation Group has announced board changes including the appointment of Alec Burger as non-executive chair effective immediately.
Based in the US, Burger will work closely with GSA’s executive team to support global growth, with specific focus on North America, strengthening the company’s continued expansion following GSA’s entry into the US market in 2020. His appointment coincides with GSA’s plans to open a New York office in the fourth quarter of this year enabling new appointments, building upon its strong capital partnerships, market access and opportunities.
As former President and CEO of GE Capital and GE Capital Real Estate, he brings unparalleled experience and knowledge of global capital and debt markets along with extensive business acumen across multiple disciplines.
GSA’s founder, Nicholas Porter will continue to be an active board member in supporting transactions, capital and key stakeholder relationships. He will work alongside Alec on GSA’s global expansion plans, develop executive leadership and achieve strategic and performance priorities.
Also, as part of the board’s strategic review it was agreed, based on the future direction of the business and growth ambitions in the US, that CEO Will Rowson will depart GSA at the end of 2021, allowing time for a smooth transition with the executive team and new appointments in the US. A process to appoint a new CEO is underway.
Nicholas Porter, Founder, GSA, said 'This is another important milestone for GSA. We have major ambitions and are delighted to welcome Alec as a significant addition to the GSA board. His international experience and relationships within real estate markets will help steer our growth and with his in-depth US knowledge will complement our exceptional teams in Europe and APAC. His proven ability to engage and attract key partners, strong governance and best practices are a real asset. GSA will continue to capitalize on the robust and growing demand for student housing as the world emerges from the pandemic.'