Commercial Real Estate Direct Staff Report Resource Real Estate has proposed merging three non-traded apartment REITs it manages, creating a portfolio of 51 properties with 14,995 units in 15 states valued at $3 billion The resulting company’s...
Extended Stay America Inc has named David Clarkson chief financial officer Clarkson replaces Brian T Nicholson, who resigned from the Charlotte, NC, REIT last week to pursue other interests Nicholson had joined Extended Stay as CFO two years ago...
Apartment Investment & Management Co is planning to spin-off most of its apartment portfolio into a new vehicle, Apartment Income REIT, that will focus exclusively on owning and acquiring stabilized properties The new entity will start life with 98...
Transwestern has named Doug Prickett senior managing director of investments and analytics Prickett will lead research for all three of the Houston company’s affiliates: Transwestern Investment Group, Transwestern Real Estate Services and...
Sabal Capital Partners has named Barry Gersten as head of production for its CMBS business Gersten, who joined the Irvine, Calif, lender earlier this year as a managing director, is now charged with overseeing its sales and loan pipeline He replaces...
Paul Vanderslice, who just more than two years ago had taken the helm of Cantor Commercial Real Estate Co, has joined BMO Capital Markets to launch its commercial real estate securitization operation His move was first reported by Commercial...
WeWork has named Benjamin Dunham chief financial officer, effective Oct 1 Dunham is replacing Kimberly Ross, who is leaving the co-working company for personal reasons after only five months Dunham currently is CFO of WeWork’s Americas...
Thomas Sarko, a seasoned compliance executive, has been named chief compliance officer of Core Real Estate Capital, a real estate investment manager that pursues value-add opportunities in the multifamily and seniors-housing sectors Sarko, who also...
CIM Group is merging four non-traded REITs it manages in a move that will result in a company with nearly $55 billion of assets - net-leased properties and commercial real estate debt The scale of the resulting company would put it in a better...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc has negotiated an agreement that allows it to tap into a reserve account to cover its debt-service obligations and operating expenses at the 157-room La Posada de Santa Fe...
