Firms Add to Ranks

IRVINE, CA-Jerry Pipp has been elevated to the position of district manager at Keystone Pacific Property Management Inc. He previously was group coordinator. Based in the firm's headquarters, Pipp will oversee the day-to-day activities of his team, consisting of a group coordinator, an associate community association manager and community association managers, as well as train managers and support staff and maintain a high quality of work and communication with clients.

MIAMI-Multifamily developer Related Group has tapped Jordan Paul to be senior managing director for the Related Investment Fund, a vehicle it recently created with Lubert-Adler of Philadelphia. The $1-billion, locally based fund will invest in distressed mortgages and property solely from other developers, lenders and property owners. Paul comes to Related from Aquila Property Co., an investment, management and advisory firm he founded in 2000. During his time there, the company has closed more than $100 million in distressed property acquisitions and sales. Paul has raised more than $1 billion in capital for public and private companies and built distressed asset acquisition and asset management teams during his finance and real estate career, which also included holding senior executive positions at Allied Capital Corp., Llama Capital Mortgage Co. and Ocwen Financial/Asset Investment Corps.