April Sees Slew of CRE Promotions

ATLANTA—The Southeast saw plenty of commercial real estate professionals win promotions in April. Let's do a quick review.

Larry K. Sullivan was must named president Passco Companies following the resignation of former president William H. Winn. That appointment is effective May 30. Sullivan brings more than 30 years of experience directing real estate and syndication activities for institutional and private investors.

“I will be continuing in my role as CEO in shaping and defining the overall direction of the company," says William Passo, founder and CEO of Passo. "We look forward to making 2013 Passco's most successful year yet, in our core business of finding, buying and operating quality real estate assets."

Wood Partners promoted Curtis Walker to acquisitions director. Walker has been a key player on Wood's acquisition team, which he joined in 2010. He is now responsible for pursuing existing and stabilized multifamily properties across the Eastern United States.

“Over the past two years, Walker has been instrumental in building our acquisition business from the ground up,” says Wood CFO/COO Joe Keough. “He has been responsible for sourcing and executing nearly $500 million worth of acquisitions during his tenure.”

Marcus & Millichap promoted Joseph P. Thomas to associate vice president investments. Most recently a senior associate, Thomas joined the firm in October 2006, was promoted to associate in August 2008 and advanced to senior associate in March 2010. He is a director of the firm's National Multi Housing Group and an associate member of the Special Asset Services division.

M&M also promoted Robby Pfeiffer to associate vice president investments. Pfeiffer joined the firm in February 2006, was promoted to associate in June 2007 and advanced to senior associate in February 2009. He is an associate director of the firm's National Retail Group and Net Leased Properties Group. He was most recently a senior associate.

CNL Financial Group promoted three executives who lead the company's portfolio of healthcare real estate. Sharon Yester, Kevin Maddron, and James Schmid will oversee efforts to strengthen and grow investments in senior housing and healthcare properties.

Yester has been named chief healthcare strategist and will direct the company's healthcare strategy. Yester, who previously served as chief asset management officer for CNL and senior vice president of asset management for CNL Retirement Properties, Inc., has more than 25 years of experience in senior housing and healthcare operations and management.

Maddron has been named senior managing director for healthcare and senior housing properties. He will continue to lead investment and asset management activities of senior housing and healthcare properties owned by CNL-sponsored real estate companies. He has more than 20 years of experience in the senior housing and healthcare sectors.

Schmid has been named vice president of acquisitions, with his primary focus being medical facility-related investment sourcing, underwriting and capital markets efforts. Schmid joined CNL in 2011 and has more than 10 years of experience in healthcare acquisitions, portfolio management and finance.  

Colliers International South Florida hired Mort Fetterolf as director of Industrial Services at the firm. Fetterolf has represented the interests of corporate real estate users and owners for 15 years. His transaction history covers a wide range of services including sales, leasing, portfolio management and development.