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Embark was founded by Chapin Hemphill, who is also the company’s CEO. Chapin has been involved in Real Estate for most of his life. Born into the industry, he worked for his father’s home-building business starting at an early age. After graduating college, he spent nine years in the entertainment industry, where he ultimately started his first business managing and promoting performing artists. Eventually, he returned to real estate to continue with a series of experiences that embody a well-rounded perspective of the industry.
Chapin Hemphill Has Deep Experience Managing Large Real Estate Portfolios
In 2015, Chapin Hemphill established Keyrenter Silicon Valley, a high-end boutique property management firm that services Silicon Valley, CA. He launched and successfully scaled the business to have the highest revenue per unit in the Keyrenter franchise system. This property management firm was a natural complement to his other real estate activities and added a dynamic dimension to the highly valued real estate services and problem-solving that he was already bringing to the local industry.
In 2020, his company experienced a growth of 74% profit per unit and 22% revenue per unit. He successfully exited in February 2021 with the sale of Keyrenter Silicon Valley at a premium multiple.
His experience also includes strategic management of operations and growth of over 15,000 rental units, which translates to approximately $4.5 billion in multi-family real estate portfolios. He has been involved in oversight of approximately $250 million in value-add renovations, real estate transactions, underwriting, asset management, and trust deed lending. Also, he has worked in both the conventional and the affordable housing sectors.
Having worked in upper management positions, Chapin has extensive experience with staff management and team building, marketing, real estate budgeting, and financial analysis.