Category: Networking

Westmount Realty Capital welcomes new managing director of development

Posted on by Mia Goulart

Westmount Realty Capital, a private national real estate investment firm with offices throughout the country, recently announced the addition of Managing Director of Development Kyle Russell.

Westmount is strengthening its growing portfolio and focus on the industrial market through the restoration of its development initiative, focusing first on the Dallas-Fort Worth area with plans to progress and broaden further development into a national footprint. Russell leads the new development initiative, bringing over 30 years of experience in development analysis, planning and execution. Russell will further bolster Westmount’s industrial development capacity, providing another capability that aligns with the firm’s solid industrial portfolio and time-tested reputation in this asset class.

Russell has managed diverse project teams, budgets, project schedule and consultant teams for timely project delivery. Prior to joining Westmount, Russell was the vice president of development management at Dalfen Industrial where he led industrial developments across Texas, Arizona, Utah and Pennsylvania. Before his time at Dalfen Industrial, he served as vice president of project management at Scannell Properties where he was the project lead in the Texas market for build-to-suit and logistics developments.

Russell is a native Texan and received his Bachelor of Architecture from Texas Tech University. He is also a member of the American Institute of Architects.

Erik Hill joins Partner Valuation Advisors healthcare and life science practice

Posted on by Mia Goulart

Partner Valuation Advisors, a national commercial real estate valuation advisory firm, appointed Erik Hill, MAI, CCIM, MRICS, as managing director in Dallas. Hill will deliver valuation and advisory services for healthcare and life sciences properties nationwide, as well as be responsible for overseeing the growth in Dallas.  

Since launching in September 2022, Partner Valuation Advisors has completed more than 700 valuations across 40 states with an aggregate commercial real estate value exceeding $20 billion. The Chicago-based, technology-forward firm has grown to more than 50 employees in 20-plus markets nationally, making it one of the fastest growing commercial real estate valuation advisory companies in the U.S. Partner Valuation Advisors serves investors, lenders, investment funds, and real estate occupiers.  

Hill brings nearly 17 years of commercial real estate experience. In his previous role as managing director and national sector lead of healthcare and life science at JLL Valuation Advisory, Hill focused on providing valuations for properties in the healthcare and life science sectors. That included hospitals, medical office buildings, surgery centers, imaging centers, behavioral hospitals, substance abuse treatment centers, labs, GMP/cGMP facilities and others. The array of valuation and advisory services he delivers includes real property and going-concern appraisals, fair market rent studies for lease negotiation and Stark compliance, purchase price allocations for FASB ASC 805 and ASC 820 compliance, and other consulting services.  

Prior to joining JLL in 2016, Hill served on the National Healthcare Practice at Integra Realty Resources in Dallas. Prior to his career in appraisal, Hill spent 10 years as a commercial real estate broker with Coldwell Banker Commercial in Waco, Texas, where he was involved in sales, acquisitions and leasing of retail, office, industrial and multifamily properties. 

Hill holds a MAI designation from the Appraisal Institute, earned a CCIM designation from the CCIM Institute, and is a member of the Royal Institution of Chartered Surveyors (RICS). He earned a broker license from the Texas Real Estate Commission, is a member of the North Texas Chapter of the Appraisal Institute and an is an affiliate member of the National Association of Realtors. Hill received a bachelor’s degree in business administration from Baylor University and an MBA from Tarleton State University.

Partners Real Estate lands industry veteran to oversee Central Texas

Posted on by Mia Goulart

Partners Real Estate, formerly known as NAI Partners, has hired commercial real estate industry veteran Steve Druth as managing director of its Austin and San Antonio offices.

In his new role, Druth will lead the day-to-day operations of the company’s Central Texas offices, and focus on growing revenue, supporting the sales team, recruiting, providing office leadership and coordinating efforts with other offices and teams. Druth will report directly to Scott Lunine.

Prior to joining Partners, Druth accumulated 35 years of experience in commercial real estate brokerage, management and sales training. A previous agent at Marcus & Millichap in both Manhattan and Miami, Druth was also president and CEO of Druth Commercial Real Estate, focusing on investment sales and leasing. In that role, he became known for his leasing/marketing expertise and the high occupancy levels in his properties.

Most recently, Mr. Druth worked at Franklin Street, where he is based out of the firm’s Tampa headquarters. In addition to his role as a broker specializing in commercial investment sales, he was an accomplished commercial real estate coach, overseeing the development of 50 high-performing agents. In this role, he focused on helping the full-service commercial real estate firm grow throughout top metropolitan markets with the best professionals performing across all lines of business.

Jason Johnson appointed CEO of MetroNational

Posted on by Mia Goulart

MetroNational, the Houston-based privately-held real estate investment, development, and management company, has announced that, effective April 1, 2023, Jason Johnson has been promoted to CEO.

MetroNational, founded by Jason’s grandfather in 1954, owns and manages more than 10 million square feet of commercial real estate properties primarily located in Greater Houston. MetroNational’s largest development is the 300-acre mixed-used development Memorial City located in West Houston.

Jason joined the family business in 2013 and has served as the company’s president and vice chairman since 2015. In addition to serving as CEO he will remain in his role as president. He assumes the role of CEO from his father Roy Johnson who will now serve as executive chairman.

Dallas-based Mohr Capital welcomes new chief strategy officer

Posted on by Mia Goulart

Mohr Capital, a Dallas-based national real estate investment firm, recently welcomed Roger Snell to its team as chief strategy officer (CSO). He is responsible for developing new investment verticals and leading capital market relationships and joint ventures.

Prior to joining Mohr Capital, Roger served as a board member of Veritas Investments, Inc., one of the largest investors and operators of apartments in San Francisco and the Bay Area, as well as their chief investment officer (CIO). As CIO of Veritas, Snell was responsible for leading acquisitions and dispositions along with directing equity and debt capital formation and strategy.

Snell is also a board member of the CIM Real Estate Finance Trust (CMFT), a $7.4 billion public real estate investment trust (REIT) investing in senior secured loans and credit leases, of which he is a member of the Investment Risk Management and Valuation, Compensation and Affiliate Transaction Committee.

Before his time at Veritas Investments, Snell successfully led $21 billion of transactions, including acquisitions, sales, joint venture mergers and financings.

Malena Meazell, CCIM, Joins StackSource as a Capital Advisor

Posted on by Jordan Jensen

Press Release – Malena Meazell

New York, N.Y., March 23, 2023 — StackSource, one of the fastest growing commercial real estate companies in the U.S., announced today that Malena Meazell, a seasoned commercial real estate lender, has joined as a Capital Advisor.

Ms. Meazell will serve clients in securing debt, equity, and C-PACE financing for their commercial real estate investments. She holds over 20 years of experience in the lending industry providing financing for office, retail, industrial, and multifamily properties with national lenders including EverBank, A10 Capital, Stronghill Capital, and BankFinancial. A commitment to integrity and building trust-based relationships with her clients has enabled her to successfully execute over 200 multimillion-dollar transactions during her career. And her dedication to excellence led her to attain the prestigious CCIM designation.

StackSource launched in 2017 and began by primarily serving smaller real estate investors who were underserved by traditional commercial mortgage brokers when seeking commercial mortgages. Since then, the company has grown aggressively, expanding its capital advisory team and increasing its penetration among more sophisticated real estate investors and developers.

The StackSource team now boasts 19 Capital Advisors nationwide. Paired with its network of over 1,000 capital sources, StackSource’s Capital Advisors help real estate investors throughout the U.S. gain efficient access to the capital markets by helping them secure their ideal capital stack, resulting in a lower cost of capital for their investments in less time and more transparency than a traditional commercial mortgage brokerage.

Real estate investors interested in working with StackSource can visit StackSource.com and click “Get financing” to see their matched capital sources within minutes.