Chris Germain founded Piping Rock Partners in 2006 to invest in value-oriented Midwest multifamily real estate. The firm has since completed more than $100 million of transactions involving multifamily and mixed-use real estate across Indiana and Ohio, including successful full-cycle investments that produced net IRRs in excess of 20% over hold periods of more than 10 years and net equity multiples in excess of 4x. No property owned or managed by Piping Rock has ever been late on a mortgage payment.
Piping Rock’s integrated platform capabilities span acquisitions, financing, asset management, property management, and dispositions, enabling disciplined execution throughout the investment lifecycle. The firm emphasizes institutional-quality underwriting, conservative capital structures, and operationally driven value creation.
Prior to founding Piping Rock in 2006, Mr. Germain had more than a decade of institutional capital markets and risk management experience. He was an Executive Director in the Structured Products Group at CIBC Capital Markets, the investment banking subsidiary of a leading multinational Canadian banking and financial services corporation. At CIBC, he led transaction teams responsible for the origination, syndication, and execution of approximately $4 billion in highly structured domestic and cross-border tax and asset-based financings, including institutional debt and equity private placements involving approximately $1 billion of commercial real estate assets across office, industrial, and retail sectors and multiple market cycles.
Earlier in his career, Mr. Germain was a manager in Citigroup’s Global Aviation Group and Global Asset Finance Group, based in New York and London. At Citigroup, he completed cross-border leveraged lease financings for commercial aircraft in the EMEA region and managed a portfolio of leveraged-lease equity investments across a range of alternative assets, including cogeneration facilities, ocean-going vessels, and commercial satellites. Mr. Germain received a B.A. in History from the University of New Hampshire and is a member of the Stewardship Circle of the National Park Foundation.
Kailey Kristensen is a Regional Manager at Piping Rock Partners with responsibility for day-to-day and strategic oversight of the firm’s multifamily portfolio in Southern Indiana and Southwest Ohio. Kailey's responsibilities span budgeting, revenue management, capital planning and construction oversight, acquisition due diligence, and operational planning, with a focus on driving consistent performance across the portfolio.
Kailey brings 15 years of experience across multifamily operations, including leasing, property management, budgeting and forecasting, expense control, human resources, software integrations, and property acquisitions and dispositions. Her background supports disciplined execution at the property level and effective coordination between on-site teams and ownership.
Viannah Sorriano is a Senior Accounting Manager with Piping Rock Partners. Viannah supervises all property level and corporate accounting functions at Piping Rock, including annual audits, annual budgeting, opening entries, adjusting entries, and monthly and year end closing reconciliations. Viannah also assists with investor relations and investor reporting.
Viannah has 13 years of experience in accounting, finance, budgeting, and reporting. Prior to joining Piping Rock, Viannah was a Senior Budget Specialist at Honda Motors with responsibility for financial planning, budgeting & forecasting. Prior to this, she was a Senior Accounting Analyst at IBM with responsibility for payroll analysis, treasury analysis, and monthly reporting.
Viannah received a B.S. in Management Accounting from Centro Escolar University.