Drake Powell

WORK HISTORY

EDUCATION

ABOUT DRAKE POWELL

As a Principal in the Denver office of Asset Living, Drake has lead oversight responsibilities for the Colorado portfolio including all corporate and community operations, implementation of capital improvement strategies, and client relations. An expert in property management, Drake has over 25 years of local experience in multifamily ownership, management, and value creation. Drake co-founded Echelon Property Group, a Denver-based multifamily investment and management firm that managed and joined the Asset Living platform in 2021. Since its formation in 2010, Echelon grew to over 300employees, units under management, invested over $100 million in capital improvements, and leased up over new apartment homes. Prior to forming Echelon, Mr. Powell was the Senior Vice President of Baron Properties for over 11 years, playing an integral role in managing the company\'s operations and capital deployment, including 30 acquisitions totaling more than $450 million, community renovation projects totaling more than $20 million, as well as creating and directing the management platform that expanded from its inception to managing over 4,500 units. Drake started his career with District and Area Management positions at Lincoln Property Company and Equity Residential. Mr. Powell is a Colorado native and holds a BA degree from The Colorado College. Mr. Powell is a licensed Colorado real estate broker and Past President and Hall of Fame member of the Apartment Association of Metro Denver. He is a long-serving member of the Regis Jesuit High School Planning and Major Projects Committee. Specialties: Apartment Fee Management, Asset Management, Due Diligence, Renovations, Acquisitions & Dispositions, Multi-Family Financing, New Construction Lease-Ups, Senior Housing, Student Housing, Low Income Housing Tax Credit (\"LIHTC\") and Affordable Housing Management.