John DeRiggi is President and founder of Putnam Atlantic Properties, LLC, which provides strategic advisory services and principal investments in student housing and multi-family assets. Mr. DeRiggi is a seasoned real estate executive with a deep background in multi-family and student housing. He has led the formation and expansive growth of several multi-family and student housing platforms during his 25-year career, with $4 billion of real estate and M&A transactions completed.
Mr. DeRiggi's experience in the student housing industry began in the 1990s as a member of the investment team at GMH Associates. GMH was a pioneer in the industry and one of the first nationwide owners of purpose-built student housing, as well as among the first to attract institutional investment capital in the student housing space. During his time at GMH, the company grew to become the largest owner of student housing with more than 45,000 beds owned and managed.
Mr. DeRiggi was later a member of the senior management team responsible for the expansive growth and the successful IPO of GMH Communities Trust (NYSE: GCT), the largest owner and operator of student housing in the United States. He served as Chief Investment Officer for the publicly traded GCT, where he led the acquisition and financing of $1.6 billion in student housing assets and development activity. He was later named President and Chief Investment Officer for GCT's student housing division, where he was responsible for operations, property management and asset management student housing located in 73 university campuses across the United States.
Following the sale of GCT to American Campus Communities, John served as Managing Director at Candlebrook Properties, where he was a member of the management team that acquired 3,500 beds of Class-A, purpose-built student housing located across five university campuses. The acquisition was one of the largest completed in the student housing industry during 2014 and launched Candlebrook's investment in the student housing space.