NEW YORK CITY—C-III Asset Management LLC said Friday that Barry Davis, its COO since 2011, has been named president, effective immediately. The appointment occurs as C-III Asset Management's previous president, Kevin Donahue, begins making a transition into an advisory role, having decided to spend more time with his family.

With a special servicing portfolio of around $40 billion in commercial real estate loans and a primary servicing portfolio of nearly $6 billion, C-III Asset Management is a wholly owned subsidiary of C-III Capital Partners, itself a controlled affiliate of Andrew Farkas' Island Capital.

“We appreciate Kevin's many contributions to C-III since joining the firm in 2012,” says Frank Garrison, president of C-III Capital Partners. “His leadership helped navigate the firm through an extraordinarily busy period of growth and change, and we look forward to leveraging his experience as our business and the industry continue to evolve.”

He adds, “We are fortunate to have someone of Barry's caliber ready to seamlessly step into the role of president. I have the utmost confidence that his extensive industry experience and operational expertise will help position our business for future growth.”

Davis joined C-III as a result of its acquisition of Centerline's servicing business in 2010, becoming COO the following year. His experience prior to C-III and Centerline includes 15 years with Banc One and its successor companies, including Orix Capital Markets. C-III Asset Management's executive management team will now consist of Davis, senior managing director Lindsey Wright and general counsel Jenna Unell.

Instant Insights /

Davis Named President for C-III's Servicing Arm

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