LaRosa, formerly director of real estate at BridgeStreet, brings 20 years of experience in real estate and corporate finance with specialised experience in acquisitions, asset management, capital markets and strategic business development. Over the course of his career LaRosa has participated in the acquisition and development of more than 1,000,000 square feet of residential and hospitality assets as well as the asset management and portfolio oversight of more than 2,000,000 square feet of residential and alternative housing product.

Jon Wohlfert, RESIDE co-CEO said: "Derrick truly understands the alternative accommodations space and brings a well-rounded viewpoint on what it takes to create value for investors and owners. This appointment, along with the creation of RESIDE Realty Group will fuel an aggressive property acquisition and asset management strategy."

LaRosa said: "The opportunity to invest and manage dedicated assets is where we see the growth potential in the alternative accommodations space. RESIDE is perfectly positioned to leverage its operating platform to strategically select, acquire and operate assets that deliver outsized returns to investors while enhancing the guest experience, making it a true win for all parties." he continued.