Tony Chen is a Managing Director at Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities. Tony joined Crescent in 2021 to lead the start-up, launch and ongoing management of the Single-Family Build-to-Rent business unit. Prior to Crescent, Tony was a senior executive at FirstKey Homes, Cerberus Capital Management’s investment platform to acquire and manage scattered-site single-family rental properties. During his tenure at FirstKey, Tony helped grow the portfolio to over 28,000 homes and executed over $4.5 billion of acquisition, disposition, and capital markets transactions. Tony was previously an investment banker at Bank of America Merrill Lynch’s real estate, gaming and lodging group, where he executed over $16 billion of M&A, equity and debt financing transactions, and a consultant at Deloitte.
Tony serves on the board of directors of HouseProud, a growing nonprofit providing no-cost home repairs for low-income senior, veteran and disabled homeowners. Tony earned a Master of Business Administration degree from Cornell University and a Bachelor of Science degree from Virginia Tech.