Archive for September, 2010

Ginkgo Won’t Forget Its Origins

From the Multi Family Executive article:

But Payne feels “free” after an August announcement that his group, the former management core of BNP, was splitting from Babcock & Brown and reorganizing as Gingko Residential. Under the agreement, Payne’s seasoned management team would own Gingko, which would manage Babcock’s 28,500 units. But Babcock, which is now a separate entity, will retain ownership of those units. Gingko does manage for a couple of other owners and will continue that program.
“We were part of Babcock,” Payne says. “We were their employees. Everything we did was for their growth and development. Now they’re our largest client.”
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September 16, 2010 at 9:00 pm Leave a comment


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