Tony Chen joined Crescent Communities in 2021 to lead the start-up and launch of the Single-Family Build-to-Rent business unit. Tony is responsible for strategic planning, business development, investment strategy, land acquisition, entitlements, product design and construction execution.

Prior to Crescent Communities, 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 stabilize, scale and optimize the business, growing the portfolio to over 28,000 homes and executing over $4.5 billion of acquisition, disposition and securitization transactions through his involvement with FirstKey’s investment committee, asset management and strategy functions.

Prior to FirstKey Homes, Tony was an investment banker in the real estate, gaming and lodging group at Bank of America Merrill Lynch where he executed over $16 billion of M&A, equity and debt transactions. Tony started his career at Deloitte where he advised companies across various sectors on finance transformation, capital markets accounting and M&A integration.

Tony is an active member of the National Rental Home Council (NRHC) and ULI. Tony earned a Master of Business Administration degree from Cornell University and a Bachelor of Science degree from Virginia Tech.