SAN JUAN CAPISTRANO, CA—The Picerne Group hashired Michael Massie as executive vice president.Massie is responsible for overseeing the privately-held real estateinvestment firm's development in Southern California.

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Before he joined The Picerne Group, Massie was the developmentdirector at Jamboree Housing Corporation, where heoversaw project and business development and completed more than3,000 multifamily units throughout California. Massie also led aninitiative to start Jamboree's in-house construction management andgeneral contracting firm.

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“I've always been drawn to new ways of looking at the world,”said Massie. “The idea of being a part of The Picerne Group andworking with this dynamic, entrepreneurial team that thinks aboutreal estate development in innovative ways was simply toocompelling. I'm looking forward to working on Picerne's impressivepipeline of projects.”

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Massie specialized in the acquisition of low incomehousing tax credit properties for syndication as vicepresident for Related Capital Company (nowCenterline Capital) and worked with an array ofdevelopers, financial sources and markets in the acquisition ofmore than 100 properties totaling more than $300million of equity investments in 10 states. Massie also worked withForest City Residential and the propertymanagement division of Michaels DevelopmentCompany.

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Massie holds a bachelor's degree in economics withconcentrations in real estate and finance from The WhartonSchool of the University ofPennsylvania.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.