Michaels Welcomes New Executive Vice President
Genevieve Bauer Joins Leadership Team Overseeing Management Operations
CAMDEN, NEW JERSEY / ACCESS Newswire / April 21, 2025 / The Michaels Organization, a national leader in residential real estate with full service capabilities in development, property management, construction, and investment, announced today that Genevieve Bauer has joined its Leadership Team as Executive Vice President of Management Operations.Genevieve Bauer A headshot of Genevieve Bauer, Executive Vice President, Management Operations, The Michaels Organization.
A senior real estate executive with deep experience in property management operations across all housing sectors including market-rate, affordable, student, and military housing, Bauer is positioned to succeed Kimberlee Schreiber, president of Michaels Management, who has announced her intention to retire in two years.
'We truly cannot express how grateful we are to Kimberlee for her leadership and dedication to Michaels,' said Matt Sullivan, Michaels' Chief Operating Officer. 'She has been with Michaels for more than 15 years, the last ten in the role of President, as our portfolio grew by more than 30,000 units and our geographic footprint increased by four states. She has deeply embedded our mission of creating Communities that Lift Lives into our culture and has been a role model for all those who have had the pleasure of working for and with her,' Sullivan said.
Under Schreiber's leadership, Michaels Management has been the recipient of multiple awards, including being named Property Management Company of the Year three times by The National Association of Homebuilders.
Bauer's appointment now as EVP will provide an opportunity for her to embark on a tour of Michaels' extensive portfolio, which extends from coast to coast, as well as Hawaii and the Caribbean. She will work side-by-side with Schreiber and the other members of Schreiber's executive leadership in all aspects of property operations, including financial management, resident services, compliance, and technology.
'I am delighted to welcome Gen to Michaels and look forward to her leading our management team into the future with great success,' said Schreiber. 'All of Michaels' achievements over the past half century are due to our people--our great teammates who live our mission to Lift the Lives of our residents and each other. Gen embraces our culture and our mission and will be supported by the best team in the business,' Schreiber said.
Bauer comes to Michaels from MAXX Properties where she served as Chief Operating Officer. Her prior experience also includes Senior Vice President roles at Balfour Beatty Communities and WinnCompanies. She holds a Certified Property Management designation from the Institute of Real Estate Management and a Certified Defense Privatization Manager Designation from the Military Housing Lodging Institute. In 2008, she was recognized with an 'Up and Comer' Award by Multifamily Executive Management for her success 'tangibly contributing to the financial success of her company.'
Educated at the University of Denver, Bauer holds a Master's Degree in Leadership and Organizations. Her industry involvement includes serving as Past Chair of the NAA's Apartment Careers Committee and as Past Chair of the Privatized Military Housing Committee. Her volunteer service includes being a founding member of the National Training Committee for Entryway, a nonprofit organization dedicated to career training and economic self-sufficiency.
About The Michaels Organization
Michaels is a national leader in residential real estate, offering full-service capabilities in development, property and asset management, construction, and investment. Serving more than 200,000 residents in more than 600 communities across 39 states, the District of Columbia, and the U.S. Virgin Islands, Michaels is committed to crafting housing solutions that jumpstart education, civic engagement and neighborhood prosperity, and to creating Communities That Lift Lives.
Contact Information:
Laura Zaner
Vice President, Michaels Corporate Marketing
[email protected]
856-988-5983; 856-630-1540
SOURCE: The Michaels Organization
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
a day ago
- New York Post
Craft giant Michaels buys Joann's intellectual property, fan-favorite labels
NEW YORK — Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels. The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts and crafting chain works to expand its own fabric, sewing and yarn offerings. 'We're honored to have the opportunity to welcome JOANN customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels,' Michaels CEO David Boone said in a statement. Advertisement Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home. Christopher Sadowski The deal, he added, allows the company to better 'respond to rising demand' among both new and existing customers. Financial terms of the acquisition were not disclosed. The Associated Press reached out to Michaels for further information on Friday. Advertisement With roots dating back to a single Ohio storefront in 1943, Joann had grown into a destination for generations of sewers, quilters, knitters and lovers of other crafts for more than 80 years. But more recently, operational challenges continued to pile up — with the retailer pointing to sluggish consumer demand, inventory shortages and rising competition. Joann announced it would be going out of business back in February, just one month after filing for Chapter 11 bankruptcy protection for the second time within a year. Advertisement The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands. NurPhoto via Getty Images At the time, the company said financial services company GA Group, together with Joann's term lenders, had been selected as the winning bidder to 'acquire substantially all of Joann's assets' and conduct going-out-of-business sales at all store locations. Michaels on Thursday said that its purchase of Joann's IP and private brands included the acquisition of 'Big Twist' yarns, which had become a staple in Joann stores over the years. Those 'Big Twist' labels are now being developed as part of Michaels' portfolio — and will be available in-stores and online later this year, the company said. Advertisement In the meantime, Michaels has also dedicated a landing page to welcome former Joann customers online. And as part of its overall expansion into fabrics, Michaels said on Thursday that its adding more than 600 new products from new and existing brands — including quilting supplies and fabrics, specialty threads, sewing machines and more. Michaels, founded in 1973, currently operates 1,300 stores across 49 U.S. states and Canada. Its parent company also owns Artistree, a framing merchandise manufacturer.
Yahoo
2 days ago
- Yahoo
Michaels acquires Joann fabrics IP: Will it take over former stores too?
Craft retail chain The Michaels Companies said on Thursday that it has acquired the beloved fabrics retailer Joann, which recently winded down operations and closed all of its stores after a second bankruptcy. Supersonic air travel gets green light in U.S. after 50-year ban lifted How to Watch George Clooney's Broadway play 'Good Night, and Good Luck' live for free Why you're catching the 'ick' so easily, according to science The sale included Joann's intellectual property, as well as its private label brands, like Big Twist yarn. The announcement noted that searches for 'fabric' on have skyrocketed by 77% since Joann stores began closing their doors in early 2025. As a result, Michaels has already been adjusting its merchandise accordingly to set the stage for absorbing Joann customers. The chain said it has increased merchandise in the fabric category in over 680 stores. Post-acquisition, Michaels said it will expand on the kinds of merchandise once available at Joanns, such as fabric, yarn, sewing machines, and other sewing materials even further. The craft store will add more than 600 products once available at Joann's to its inventory, including increasing its yarn merchandise by 25%. 'This acquisition allows us to better serve both new and existing customers, respond to rising demand across categories, and build on our momentum as the destination for creating and celebrating in North America,' CEO David Boone said in a statement. Texas-based Michaels has been privately held since a 2021 deal with private equity firm Apollo Global Management, valued at $3.3 billion at the time. The brand has long competed with Joann in many merchandise categories and services such as custom framing. In January 2025, Joann filed for Chapter 11 bankruptcy protection, which was its second in less than one year. Initially, Joann said it would keep stores open during the proceedings. Weeks later, it announced that 500 of its 800 stores would close. The chain closed its last remaining stores in recent weeks. Per Joann bankruptcy filings, Michaels has already taken over at least three leases for what appear to be former Joann stores, but its plans for those leases are unclear. Fast Company reached out to Michaels to confirm whether the chain would be taking over those locations or had plans to acquire additional leases. We will update this post if we hear back. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Yahoo
JOANN Is Making a SURPRISING Comeback and Crafting Fans Are Freaking Out
"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." After the devastating news hit that all JOANN Stores would be closing, there may be hope for crafters yet. On June 5, Michaels announced that it had acquired the intellectual property and private label brands of its competitor, JOANN. In a bold move to attract the bankrupt fabric and craft retailer's former customers, Michaels will be drastically expanding its fabrics department after seeing a steep increase in interest over the past year. "This acquisition allows us to better serve both new and existing customers, respond to rising demand across categories, and build on our momentum as the destination for creating and celebrating in North America," David Boone, Chief Executive Officer at Michaels, explained in a press release. The JOANN website now redirects to Michaels, with a web banner welcoming JOANN customers to the Michaels website. Underneath the banner, buttons direct customers to various crafting and sewing product pages. According to the retailer, searches for "fabric" and "sewing" have seen a 77 percent rise from customers, which has prompted the company to increase its fabric offerings in over 680 stores. There are plans to add more fabrics to an additional 280 stores this year, in addition to expanding its sewing supplies. Online, customers can browse through 10,000 fabric options. The company has also added more than 600 new crafting products to its inventory, including Brother and Singer sewing machines, specialty scissors and thread packs, and needle crafting kits from DMC and Loops & Threads. Products from JOANN's beloved brands, such as Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh, and Big Twist Baby Bear, will be available to shop in-store and online later this year. JOANN, which had been operating in the U.S. since 1943, filed for Chapter 11 bankruptcy in March 2024, before filing for a second time in January 2025. On February 25, 2025, the company announced that it would be closing all of its retail stores. Follow on Instagram and TikTok. You Might Also Like 15 Home Bar Gifts Every Cocktail Enthusiast Will Appreciate 32 Low Light Indoor Plants That Can Survive in the Darkest Corners of Your Home These Are the 50 Best Paint Colors for Your Living Room Sign in to access your portfolio
