Houston, TX, October 17, 2023 – Partners Real Estate (“Partners”), one of the largest independent commercial real estate firms in Texas, today announced it has hired Matthew Steitz, MBA, as Chief Financial Officer, a new role at the firm. Mr. Steitz will be responsible for driving Partners’ financial strategy, managing financial operations, and providing strategic financial guidance that complements the company’s growth.
“Matt brings an exceptional depth of financial expertise and a proven track record of strategic leadership to our team at Partners Real Estate,” said Jon Silberman, Managing Partner. “His extensive experience in building and optimizing financial operations, coupled with his ability to drive growth through sound financial strategies, make him the ideal CFO for our organization. We are excited to welcome Matt to the firm.”
Throughout his career, Mr. Steitz has demonstrated a proven ability to formulate revenue-generating strategies in competitive markets. Prior to joining Partners, he spent 6 years at Conquest Completion Services, LLC, where he served as Vice President of Finance (Deputy CFO), Director of Finance and Treasurer, and FP&A and Corporate Development roles. At Conquest, he was instrumental in multiple credit restructurings and capital raises that deleveraged the balance sheet and turned around operations for eventual exit.
Mr. Steitz’s career highlights include managing over ten asset divestitures that resulted in $12 million in proceeds, creating a unit economics model that evaluated ROI, payback period, and IRR, resulting in $5 million in revenue in the first year and $7 million in the second year. Additionally, Mr. Steitz spearheaded a complex 13-week cash flow model that effectively preserved liquidity through COVID-19 and subsequent restructuring, showcasing his ability to adapt and strategize during challenging times.
Mr. Steitz holds a Master of Business Administration degree with a Finance concentration from Rice University, Jones Graduate School of Business, and a Bachelor of Arts in History from the University of Georgia.
Partners recently celebrated its first anniversary as Partners Real Estate, and during that time the company hasn’t skipped a beat. In addition to continuing to attract the top talent in the commercial real estate industry—underscored by CRE expert Stan Nowak joining the company in Austin—and ranking among the top deal-makers in Texas, Partners placed among the Business Journal’s top 25 brokerages in each of the four cities in which the firm operates, as well as on all four Best Places to Work designations.