New Hires & Promotions
Greystone, a leading national commercial real estate finance company, announced that Rich Highfield has joined the firm to lead its CMBS lending platform and expansion into a fully proprietary conduit offering for multifamily and commercial assets. Mr. Highfield is based in Charlotte, North Carolina and reports to Kevin Williams, Executive Vice President at Greystone.
Greystone, a leading national commercial real estate finance company, announced that its commercial team, led by Scott Chisholm, has hired Gary Stellato as Managing Director and Counsel and Peter Fogarty as a Director. Greystone’s commercial platform focuses on originations across all of Greystone’s capital sources and manages institutional structured finance business solutions for large multifamily, office, retail, hospitality, and industrial assets. These two new senior team members will support the rapid growth of Greystone’s commercial platform, which is on track to close over $1 billion of structured loans in 2021.
Experienced professional to oversee firm’s operations in Tampa, Orlando and Jacksonville markets
Experienced professional to oversee firm’s operations in Tampa, Orlando and Jacksonville markets
Jaime Sturgis-led firm completes fourth office expansion in four years; bolsters team with three new real estate agents
Los Angeles, CA – Paul Rahimian, CEO and Founder of Parkview Financial is pleased to announce Ted Jung has been named Chief Credit Officer out of the firm’s Los Angeles headquarters.
Expanding its new Portland, Oregon office, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has added Lydia Stiles as asset director for the region. In this capacity, Stiles takes charge of overseeing property and asset management functions for the firm’s Portland office, focusing on bolstering property values as well as increasing market share in the region.
Greystone Affordable Development, a national affordable housing developer, announced James Baugh has been named Vice President, Finance. In this leadership role, Mr. Baugh will lead a team of analysts and asset managers responsible for providing capital solutions for Greystone Affordable Development’s pipeline of projects.
Birchstone Residential, a culture-based property management company focused on creating great places to live, today announced the addition of Keith Hughes as vice president of construction. The hiring of Hughes is emblematic of Birchstone’s continued growth as it assumes management responsibilities of apartment communities in the Sunbelt, Southeast and pursues opportunities in new markets.
Hughes will simultaneously manage the day-to-day field operations of multiple multimillion-dollar construction projects and will oversee an emerging in-house construction team expected to grow to 10 or 12 associates. Hughes will assume responsibility of all components of the construction process, from assisting on acquisitions and blueprint designs to budgeting and scheduling construction plans.
“With his vast experience and penchant for driving high-level results, we believe Keith is the perfect fit to lead our construction initiatives,” said David Deitz, president of Birchstone Residential. “Keith’s achievements give him enormous credibility in the industry, and he exhibits all of the key intangible qualities you’d want in a leader—accountability, dedication and the ability to quickly adjust on the fly. We look forward to having Keith as a key part of our team and part of the Birchstone family.”
Prior to joining Birchstone, Hughes, who has accrued 25 years of industry experience, served as regional construction manager for BH Management, where he spearheaded more than $60 million in capital projects in a 12-state region. This included acquisitions, value-add projects, insurance and non-recurring capital expenditures.
“I’m excited to join an on-the-rise property management firm that is quickly carving its distinctive niche in the industry,” Hughes said. “The opportunity to lead and help grow the construction team is tremendous, and I’m eager to assist Birchstone’s continued expansion into desirable markets across the country. I look forward to offering my expertise on the construction front and collaborating with fellow associates on forward-thinking initiatives.”