"I know I want to be on the investment side of commercial real estate," he explains. "What I plan to do is take a couple of months, talk to people and figure out what is the best fit for me." Because he has been with the firm for 28 years, he said, leaving in this manner-- that is, without a new role or job to go to--was the easiest route to take. Essentially, he will be either raising funds or working with an existing fund in whatever new role he chooses, he says. "It will be important to have money going forward into the recovery." Pinkard says the market is in the process of bottoming out over the next year or two, after which the next cycle will begin.
Pinkard's departure will have no impact on the line up of services the company offers or its day-to-day operations, CEO Joseph Stettinius, Jr., tells GlobeSt.com. "Bob will leave sometime between now and the end of the year. We will likely appoint another chairman at that point."
Last summer, Cassidy & Pinkard Colliers merged with four other Colliers firms.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
