FORT LAUDERDALE, FL—Commercial and multifamily real estate firm Stiles reports it has hired Justin Siemens, formerly of Federal Realty Investment Trust, as its director of commercial real estate development.
Stationed at Stiles’ headquarters in Fort Lauderdale, he will report to Stiles Chief Development Officer Robert Breslau. The company says Siemens will focus on sourcing new commercial development opportunities in core markets throughout Florida as the company aims to grow its retail and office development pipeline in the Southeast.
“Justin’s prior experience provides a wealth of benefit to Stiles,” says Breslau. “He is a true deal hunter who can be creative in arranging complex transactions. Also, due to his diverse background, he brings a comprehensive approach to a transaction and can manage challenges that might surface from acquisition to development.”
At Federated Realty, he oversaw FRIT’s Florida portfolio, managed financial operations and implemented key value-add and redevelopment strategies. During his time with FRIT, Siemens was also a financial analyst for the trust’s east coast acquisitions department, covering major markets in the Northeast, Mid-Atlantic and Florida.
Prior to FRIT, Siemens was acquisitions director at Compson Holding Corp., an affiliate of Florida-based Compson Development, where he was responsible for deal origination, financial analysis, capital sourcing and structuring for commercial real estate development and acquisition opportunities across a range of product types. He has also held positions with BankAtlantic Commercial Mortgage Capital, Cohen Financial and Holliday Fenoglio Fowler.