• Joseph Lenz, a distinguished managing director and the co-head of research at TPG Angelo Gordon, has now become the 13th member of real estate franchising titan, Anywhere’s board.
• This applied not through a musical game of board member chairs, but thanks to Anywhere adding another seat to the board, because our man Joseph just needed that specific spot.
• The swelling numbers indicating a growing influence and a desire for an additional decision-making power from TPG Angelo Gordon which enjoys a significant share in Anywhere.

Joseph Lenz Takes a Seat on the Board

A New Addition to Anywhere’s Boardroom

Bulging Board Indicates Increasing Influence from TPG Angelo

In gotcha news on the real estate front, Joseph Lenz, the managing director and co-head honcho of research at TPG Angelo Gordon (not a pop band, just a financial institution) has reportedly “Twistered” his way onto the board of Anywhere (also not a pop band, but an actual real estate franchising giant – easy to mix up). If you’re fretting about where he’ll sit, never fear, they’ve got his posterior covered by throwing in an extra chair to the boardroom table. After all, what’s a boardroom meeting without a little cramping, right?

As we all know, board seats aren’t exactly sold at a local garage sale, so this entire mission was about as easy as juggling flaming swords on a unicycle – i.e., only for the mildly insane or absurdly talented. But Mr. Lenz is going places, so he must be some mix of both, seemingly edging into the ‘absurdly talented’ category.

With Lenz becoming the 1313th member of Anywhere’s board (seriously, it’s like they’re prepping for a football match at this point), it points to TPG Angelo Gordon eying those decision-making powers hungrily and rightfully so, given their significant share in the company.

So there you have it. The real estate franchising giant increases its population by one more bigwig. As we already know, more heads mean more brainpower, or at least more people to point fingers at when things go haywire. So buckle up, Joseph: every decision you make now comes with the delightful bonus of potential boardroom side-eye.

On a lighter note, this move does hint towards a potentially exciting future for both TPG and Anywhere as they head down the path of cooperative decision-making. Now, wouldn’t that be fun to watch – it’s like corporate ‘Survivor’ up in here!

To Joseph Lenz: welcome to the ‘extra room by the water cooler with snazzy chairs.’ May your decisions land as softly as your posterior on that new boardroom seat!

Original article: https://www.inman.com/2024/02/09/anywhere-expands-board-with-investment-firm-leader-joseph-lenz/