PALO ALTO, CALIF. — Alta Housing has selected Stephanie Shipe as Vice President of Property Management. In this role, Shipe will manage over 1,000 units and a team of 35 professionals. Shipe previously served as the Director of Portfolio Management for the Housing Authority of the City of Alameda, California. Prior to this, she served as Director of Operations at MidPen Housing, a non-profit developer, owner and of affordable housing in California and was appointed to the City of Alameda Housing Authority’s Board of Commissioners. Shipe received a Bachelor of Science …
CLEVELAND, OHIO — Bellwether Enterprise Real Estate Capital (BWE) has selected DJ Effler as CEO. Effler has served as the company’s president since 2020, where he oversaw operations and numerous investor relationships at BWE’s Columbus, Ohio office. He previously held a position as an executive vice president. Prior to joining BWE, Effler was a life company lender at Nationwide and a private equity investor at Rockbridge Capital. Effler will officially become CEO on July 1. The current CEO, Ned Huffman, will remain as a special advisor to the company.
NEWPORT BEACH, CALIF. — Northmarq has hired Morgan Machado to its Newport Beach office as vice president-producer. In this role, Machado will arrange debt and equity on behalf of U.S. investors for multifamily and commercial real estate. Prior to joining the company, Machado was a commercial mortgage banker at Slatt Capital. He earned a Bachelor of Business Administration in finance from the University of San Diego.
NASHVILLE, TENN. — JLL Capital Markets has selected Senior Director Lee Harris to join its multifamily team in Nashville. In this role, Harris will work alongside Senior Managing Director Brian Dawson on agency debt, as well as providing capital stack solutions to multifamily, mixed-use and MHC clients. Prior to joining JLL, Harris served as a Director at Greystone. He also held positions at RED Capital Group and Lument. Harris earned his degree from the University of Southern California.
CHICAGO — Tributes highlighting the life and legacy of billionaire real estate investor Sam Zell, the charismatic founder and chairman of Chicago-based Equity Residential (NYSE: EQR) who died May 18 at the age of 81, have continued to pour in following his passing. “Sam Zell was one of the most influential individuals, not just in commercial real estate, but in American business writ large. He was a great friend and an advocate on behalf of the multifamily industry,” said former National Multifamily Housing Council Chair David Schwartz in a statement from …
FORT LAUDERDALE, FLA. — Greystone Housing Impact, an affiliate of Greystone and general partner of Greystone Housing Impact Investors (NYSE: GHI), has selected Jason Kaye as a managing director. In this role, Kaye will focus on originating and structuring tax-exempt loan and bond financing transactions for affordable multifamily and Low-Income Housing Tax Credit properties. Kaye will be based out of Fort Lauderdale and will report to Kenneth Rogozinski, CEO of Greystone Housing Impact Investors. Prior to joining Greystone Housing Impact, Kaye served as a senior vice president at Regions Bank …
LOS ANGELES — CBRE has selected John Boyett as first vice president and Adam Feldman as a senior associate in the firm’s Woodland Hills office in Los Angeles. Boyett and Feldman will focus on multifamily investment sales in the Los Angeles metropolitan area. Boyett previously served as associate vice president at Matthews Real Estate Investment Services (Matthews). Prior to joining Matthews, he played several seasons with the Indianapolis Colts and Denver Broncos in the National Football League as well as the Ottawa Redblacks in the Canada Football League. Boyett graduated from the University …
DALLAS — Croft Young, a senior investment banker, will join Dallas-based CBRE in July as the company’s Chief Investment Officer. Young will join CBRE’s global executive committee and will report directly to Bob Sulentic, CBRE’s president and CEO. Previously, Young served as managing director of Morgan Stanley’s real estate investment banking group. He received a BA from the University of North Carolina at Chapel Hill and an MBA from UNC’s Kenan-Flagler Business School. Prior to joining the workforce, Young served in the United States Marine Corps for 13 years. He …
DENVER — Apartment Investment and Management Co. (Aimco) has appointed Sherry Rexroad to its board of directors. Rexroad has been appointed to Aimco’s audit, compensation and human resources, investment, nominating and ESG Committees. Rexroad most recently served as Chief Financial Officer of STORE Capital, a publicly traded net-lease REIT. Prior to that, she worked at BlackRock Global Real Asset Securities as global head of business development, as well as co-global chief investment officer and chair of the investment committee.
WASHINGTON, D.C. — The National Association of Home Builders (NAHB), a trade association representing the housing industry, has selected James Tobin as president and CEO. Tobin will work out of NAHB’s headquarters in Washington, D.C., and will assume the new post effective June 1. Tobin previously served as executive vice president and chief lobbyist at NAHB. Prior to joining NAHB in 1998, he worked as a senior legislative assistant to former U.S. Representative Frank Riggs of California and former U.S. Representative Gary Franks of Connecticut.