David Eitches

David Eitches

Founder & CEO

David Eitches is the founder of Eitches Management Group www.eitches.com. He is responsible for overseeing all aspects of acquisition, disposition, and business development. Since founding, he has developed $20 million in ground-up and has acquired over $200 million in apartment communities.  His investment strategy targets mispriced and mismanaged opportunities within the strongest growth markets of Dallas Texas. Utilizing his experience of investing through the last economic crisis, he invests with a cautious, but agile strategy from acquisition to exit.

Mr. Eitches began his career as a multi-family commercial real estate agent at Marcus & Millichap in Los Angeles in 2003. He was responsible for $90 million in transactions. As the market corrected, Eitches began investing in the SFR (single family home) rental sector.

In 2010 Eitches left brokerage in Los Angeles for Phoenix Arizona where he co-founded Imperial Residential Holdings, LLC “IRH”. IRH served as a full-service real estate investment firm which specialized in acquiring, repositioning, and managing distressed SFR and multi-family assets acquired primarily at foreclosure sales. IRH had offices in Phoenix, Tucson and Atlanta. Between 2010 and 2013 IRH was responsible for acquiring, repositioning and dispositioning approximately 700 homes and 200 multi-family units with a market value of $200 million. IRH capital came from institutional partners including Hedge Fund – Ellington Financial LLC, and Wayne Hughes- founder of Public Storage (NYSE: PSA) and American Homes 4 Rent (NYSE: AMH).

In 2013 Mr. Eitches and IRH co-founder Mr. Aflalo, were named Senior Vice Presidents of American Homes 4 Rent. Based on the SFR rental model they built in Phoenix, their client, Mr. Hughes and the Alaska Permanent Fund raised $500 million for SFR acquisitions in pursuit of forming a Real Estate Investment Trust. Two years later, American Homes 4 Rent went public on the New York Stock Exchange. Eitches and Aflalo headed acquisitions at AMH from 2013 to 2014 and were responsible for opening 10 new markets which acquired approximately 16,000 homes through their tenure. Eitches left American Homes 4 Rent in Q4 2014 and started Eitches Management Group.  

Mr. Eitches received a Bachelor of Science from the University of Southern California with an emphasis in Business Management. He attended the Copenhagen Business School with an emphasis in International Business. He is an active member of the Dallas Builders Association.