PHILADELPHIA — Pennrose, a Philadelphia-based developer and operator of affordable and mixed-income housing, has appointed Timothy Henkel as CEO. Henkel, who formerly served as president, will oversee the company’s development and property management activities across 17 states, the District of Columbia and the Caribbean. As part of the succession plan, Executive Chairman of the Board Richard Barnhart and CEO Mark Dambly have transitioned from day-to-day responsibilities with the organization to active members of the Pennrose board. Additionally, Pennrose has named Charlie Adams as president of development. In this role, Adams will …
AUSTIN, TEXAS — Franklin Street, a commercial real estate services firm based in Tampa, has launched a multifamily investment sales division for Texas markets. Patrick Strake will lead the new business unit, which will operate as a seven-person team from Franklin Street’s existing office in Austin. The Austin office opened approximately a year ago and now consists of roughly 20 professionals who also offer services for land, office and industrial verticals.
DALLAS — Dominium, an affordable housing developer and owner-operator based in Dallas, has selected Mark Moorhouse and Kyle Hansen to share leadership responsibilities for the company as co-CEOs. The move comes as senior managing partner Paul Sween becomes chairman of Dominium’s board of directors. In his new position, Sween will oversee the board of directors and set its agenda. He will continue to serve as a partner in the firm. Moorhouse and Hansen will work in partnership to lead the overall strategy and direction of the company. Moorhouse will continue …
BROOKFIELD, WIS. — Brookfield-based investment firm MLG Capital has appointed Billy Fox to the position of president and principal. Additionally, the company promoted Dan Price to the role of Chief Investment Officer (CIO) and principal. Fox has been with MLG for 10 years and currently leads the firm’s Legacy Fund. As president, he will lead team building efforts, investment strategy and overall client experience. He will continue to serve on the company’s investment committee. Price has worked with MLG for four years. He currently leads the firm’s Midwest acquisition team …
PLANO, TEXAS — Comunidad Partners, an Austin, Texas-based investment firm with a focus on workforce and attainable housing communities in the Sun Belt region, has appointed Ty Barnes as head of investments. In his new position, Barnes will lead the firm’s acquisition, capital markets and portfolio management strategies. Most recently, he held senior roles at Tishman Speyer, Taconic Partners, Related Cos. and WinnResidential.
MIAMI — Barry Chase has joined Eagle Property Capital (EPC), a Miami-based investment manager specializing in workforce housing, as a partner and managing principal. In this role, Chase will be responsible for co-leading EPC’s strategy and execution, as well as enhancing investment policies and procedures and contributing to new product offerings. Prior to joining EPC, Chase was one of the founders and served as the CEO and executive chairman of Belay Investment Group. Additionally, he has held senior executive positions at Koll Development, Cushman Realty Corp. and CT Realty. Since …
CLEVELAND — The NRP Group has hired Brett Gelsomino to increase market-rate multifamily development throughout Florida. As senior vice president of development, Gelsomino will oversee all aspects of development, from site selection to project completion. He will report to Mike Zelenkofske, executive vice president of development. Gelsomino previously spent 14 years at ZOM Development, where he launched and led ZOM’s senior living division, overseeing the origination, capitalization and construction of approximately $400 million in luxury rental senior living communities. Since 2007, he has developed over 2,500 multifamily and senior living …
LAS VEGAS — Steve Nosrat has joined The Mogharebi Group’s multifamily investment sales team as senior vice president in the firm’s Las Vegas office. The Mogharebi Group is headquartered in Costa Mesa, California. Nosrat’s prior commercial brokerage experience includes working with private capital, institutional transactions and new development. He comes to The Mogharebi Group from Avison Young, Las Vegas, where he was a principal. Previously, he was senior vice president at NAI Las Vegas.
MIAMI — CBRE has hired Greg Engler as vice chair to the firm’s Florida capital markets team. Engler will collaborate with CBRE’s existing sales and debt teams to increase multifamily business in Florida markets. Engler joins CBRE from Engler Realty Advisors, a multifamily investment sales company he founded in 2022. He also founded Engler Financial Group in 2003, which was acquired by Walker & Dunlop in 2015, after which time he served as executive vice president of investment sales.
DALLAS — Trammell Crow Co. (TCC) has promoted Adam Nims to the position of chief investment officer. Additionally, the Dallas-based developer has hired Billy Hart to the role of chief strategy and underwriting officer. As chief investment officer, Nims will oversee TCC’s investment strategy, including capital markets and development solutions initiatives. Nims has held various positions at TCC since joining the company in 2006. Most recently, he served as president of the eastern U.S., and before that as president of the western U.S. He will report to TCC’s CEO, Danny …