LOS ANGELES-The Charles Dunn Co. has hired 30-year industry veteran Ron Azad as a senior managing director of its real estate services company, with primary responsibility for overseeing the firm’s property management and asset management operations. Azad will report to Patrick Conn, the firm’s president of property management.
Conn cites Azad’s extensive market experience and established client relationships as factors that will help Dunn to extend its reach. The new Dunn senior managing director started in 1982 at CB Richard Ellis Investors, where he led real estate investment programs for several pension plans and a large sovereign wealth fund. He managed over $2.8 billion of assets totaling more than 16 million square feet, including over 80 office, industrial, retail, medical office and residential properties, including ground-up developments.
In 2008, Azad was recruited by Adler Realty Investments to serve as managing director of portfolio management and development. A member of the firm’s four-person executive committee, Azad revamped investor reporting, developed a Trader Joe’s-anchored retail center and worked to improve asset performance amid the economic crash.
Azad is the latest in a series of management appointments at Dunn. Earlier this year, it created the position of president of brokerage and hired 21–year industry veteran Chris Atkinson for the new post to oversee all of Charles Dunn’s nine brokerage offices in California and Arizona. Before that, it hired 24-year industry veteran and former Cushman & Wakefield senior managing director Chris Cooper as CEO to succeeding Walter Conn, who remains as chairman of the firm.
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