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December 4, 2025

Avenue5 Residential

Krohn

Multifamily property manager Avenue5 Residential announced the departure a few weeks ago of COO Steve Davis. He's been replaced in-house via the promotion of Jeff Krohn, who previously served as executive VP, and has been in the field for two decades. CEO Walt Smith said in the announcement, “This shift comes at a pivotal time for Avenue5, and reflects both continuity and growth.” Said Krohn, “I am honored to step into this role. I look forward to advancing our operational strategies and continuing to deliver outstanding results for our clients and residents.” Avenue5 now manages some 150,000 units in nearly two dozen states.




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