Subject: Executive Changes (EXEC)

Walker & Dunlop Inc. has hired Jonathan "Jay" Morrow, a 15-year veteran of hotel-sales powerhouse Hodges Ward Elliott, as senior managing director to lead its hospitality investment sales operation. Morrow's charged with expanding Walker & Dunlop's reach into the hotel ...

Michael Chen has joined GEM Realty Capital as senior managing director and head of capital raising. Chen joins the Chicago investment manager, which has $6 billion of assets under management, from Madison International Realty, where he was global head of ...

Doug Duncan, who has served as chief economist of Fannie Mae for nearly 17 years, is retiring at the end of the week. He'll be replaced by Mark Palim, a 15-year Fannie veteran who has served as deputy chief economist ...

Industry veteran Diana Reid, who in 2019 had retired as executive vice president of PNC Financial Services Group, has been named chief executive of Freddie Mac, effective immediately. She replaces Michael T. Hutchins, who has served as interim chief executive ...

Myles Burstein has been named in-house senior counsel at 3650 REIT and will be instrumental in bolstering the Miami investment manager's special servicing operation. Burstein joins from Kawa Capital Management of Miami, which has $3 billion of assets under management ...

Commercial Real Estate Direct Staff Report David Brickman, the former chief executive of Freddie Mac who in early 2021 helped launch NewPoint Real Estate Capital, has left the company and has been replaced by Nick Gesue, founder and chief executive of ...

Wesley LePatner, chief operating officer of Blackstone Real Estate Income Trust Inc., has been named chief executive of the non-traded REIT, effective Jan. 1. She'll replace Frank Cohen, who is retiring. He has been with Blackstone since 1996 and also ...

Commercial Real Estate Direct Staff Report Lument, a New York company known primarily for its commercial lending programs, has launched a multifamily investment-sales platform. It has hired John Sebree as senior managing director to spearhead the platform. Sebree is in ...

Tishman Speyer has named Amit Rustgi as managing direct of credit strategies and will lead originations for the New York company's new debt platform. In his new post, Rustgi will collaborate with Tishman's regional teams to source, underwrite, acquire and ...

The Wall Street Journal Stephen Ross is stepping down as the chairman of Related Cos., and will be starting a new real estate company in West Palm Beach, Fla. The new company, Ross Related, already is the largest owner of ...