Creekstone Partners Names New President

Michael Preston, who started with the company in 2002, replaced Marc Goldstein as leader of Creekstone Partners. Preston, a one-time CFO for the sister companies, most recently was COO.

"Michael Preston has been a valuable member of Creekstone's team for many years and we're fortunate that he's now Creekstone Partners' president," Stephen Keller, president and co-founder of Creekstone Cos., tells GlobeSt.com. "I see only good things for this company. Michael has a rare ability to keep a company that is on the fast track--like Creekstone Partners--focused on its stated goals."

Keller says Goldstein, who led Creekstone Partners since its inception, has left to pursue other opportunities. He says say the changing of the guard won't impact the strategic plan to acquire retail, office and multifamily assets in growing markets across the country. This year, Creekstone Partners' plan is to acquire five to seven properties valued at $210 million. If the goal is met, the portfolio would be boosted to more than $450 million in nearly 20 properties. "Moving forward, I think our partners and investors will see a company that is able to seek out and complete acquisitions that bring them the greatest value," Keller says.

Prior to joining Creekstone Cos., Preston was CFO for the First Mortgage Group of Cos. and a financial operations principal for Sunstrand Securities in Houston.