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Deals & Dealmakers

Rose Associates Promotes Two Team Members to Director of Multifamily

Rose Associates, Inc., the New York-based multifamily real estate developer and manager, recently promoted two team members naming them Director, Multifamily. The promotions were given to Wilson Acosta, formerly a Community Manager at 475 Clermont in Brooklyn, and Diane DeChiaro, formerly General Manager at 70 Pine in Manhattan’s Financial District.
Acosta, 49, will be responsible for the overall management of roughly 1,050 luxury apartments in Rose’s Brooklyn portfolio, including such buildings as 475 Clermont, Caesura, The Willoughby and The Pierrepont. He will be responsible for identifying and implementing best- practice operational policies and procedures to drive excellence, expense management and detailed financial reporting. Acosta will oversee a team of more than 75 management personnel with a sharp focus on delivering the highest level of resident satisfaction.
“Wilson has always provided exceptional service to tenants and building owners alike,” said Kerry Salter, Managing Director of Multifamiily for Rose. “He handled the lease-up at 475 Clermont expertly, connecting with residents to build a true community while managing vendors and overseeing complex building systems. I look forward to him expanding his role across our growing Brooklyn portfolio.”
DeChiaro, 54, will lead management for a mixed-use portfolio in Lower Manhattan, which includes 1,373 luxury units, 132 hotel suites, and 22,000 square feet of fitness space and amenities. In addition to her residential focus, she’ll work with multiple retail tenants including a Michelin star restaurant, a rooftop lounge and restaurant, and a gourmet grocer. With a team of more than 75 management personnel, DeChiaro will look to create synergies between mixed use tenants with a focus on enhancing the resident lifestyle and visitor experience. She will oversee expense management and implement expense controls to meet and exceed revenue for Rose clients. 
Mitch Gelberg, Senior Managing Director of Multifamily at Rose, said: “Diane is a fantastic manager with a deep skill set that allows her to maintain a community of satisfied residents while also delivering for commercial tenants, whether that is a retailer or a restaurant. Her success at 70 Pine speaks for itself, and I am thrilled that she’ll be applying her expertise to additional properties within our management portfolio.”

DeChiaro joined Rose Associates in 2017 after spending five years at Jamestown Properties. Acosta joined Rose Associates in 2019 after spending 10 years working with Roseland Residential Trust. The individuals will assume their new roles immediately.

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