Leadership Appointment Accelerates the Company’s Strategy to Drive Continued Operational Excellence and Portfolio Performance Nationwide

SEATTLE, WA—Thursday, Oct. 23, 2025 — As Avenue5 Residential continues to expand and strengthen its position in the multifamily industry, the company today announced a leadership advancement reflecting its ongoing growth and the strategic progression of its leadership team. Chief Operations Officer Steve Davis will be departing to pursue an opportunity with Investors Capital Group (ICG), a leading real estate investment and portfolio management firm. Executive Vice President Jeff Krohn has been appointed to succeed him as Chief Operations Officer.

“This shift comes at a pivotal time for Avenue5 and reflects both continuity and growth,” said Walt Smith,

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