Amherst Appoints Chris Avallone as CFO, Dallas Lucas to Transition Vice Chairman
Investor - People | Jan 23, 2025 | Amherst Capital Management LLC
The Amherst Group, a substantial force in real estate investment and management, has seen a pivotal leadership change with the appointment of Chris Avallone as the new Chief Financial Officer, effective May 1, 2025. Avallone, who has been instrumental in Amherst's growth and investment strategies for nearly seven years, succeeds Dallas Lucas, who will retire from the CFO position but will continue to serve as Vice Chairman. Avallone's extensive experience, including roles at Goldman Sachs and UBS, positions him well to guide Amherst's strategic financial planning and operational initiatives as it seeks to consolidate its position in the U.S. residential real estate market. Lucas, who has contributed significantly during his tenure, will stay engaged with Amherst in an advisory capacity, ensuring a seamless transition and the continued execution of its long-term growth plans. Amherst operates across various real estate and investment strategies, managing $16.6 billion of assets as of the end of September 2024.
Sectors
- Real Estate Investment
- Financial Services
Geography
- United States – Amherst is a leading U.S. residential real estate investor, emphasizing its strategic operations and industry focus within the American market.
- Texas – Amherst is headquartered in Austin, Texas, which is relevant given the location's role as a center for the company's operations and decision-making.
Industry
- Real Estate Investment – Amherst Group operates in the real estate sector, focusing on investment, development, and management of residential properties, which is significant in the context of this leadership change.
- Financial Services – Chris Avallone's history in capital markets and now as Amherst's CFO highlights the importance of financial services in the management of their assets and investment strategies.
Financials
- $16.6 billion – Assets under management by Amherst as of September 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amherst Group | Company undergoing leadership transition | Company | Amherst is a diversified investment management platform focused on real estate in the U.S. |
| Chris Avallone | Newly appointed Chief Financial Officer | Person | Avallone has been with Amherst for nearly seven years, previously worked with Goldman Sachs and UBS, responsible for capital markets and investor relationships. |
| Dallas Lucas | Outgoing Chief Financial Officer, transitioning to Vice Chairman | Person | Lucas has led Amherst's financial strategy for five years and will continue in an advisory capacity. |
| Sean Dobson | Chairman, CEO, and CIO of Amherst | Person | Dobson is responsible for corporate oversight at Amherst, guiding its strategic leadership. |