CohnReznick Names CEO
Frank P. Longobardi, a longtime executive at CohnReznick, has been named the company’s next CEO, beginning Oct. 1.
Current co-CEOs, Ken Baggett and Tom Marino, will step down pursuant to the term of a partnership agreement. Both will remain members of CohnReznick’s executive board.
Longobardi, also a member of the executive board, has been regional managing partner—New England. He will relocate to New York in the fall to operate out of the firm’s national headquarters in Manhattan.
He previously served as a member of the firm’s Go-to Market Committee, which oversaw the strategic planning for industry and service specialization when CohnReznick was formed in 2012 as a result of the J.H. Cohn and Reznick Group merger. He joined the firm in 2007 when his own firm, Haggett Longobardi, combined with J.H. Cohn, helping the latter organization to dramatically expand its presence in the Northeast.
CohnReznick is an accounting, tax, and advisory firm, with an extensive affordable housing practice.
Bellwether Appoints Executive Director
Doug Daley will become executive director of Bellwether, a Seattle-based affordable housing developer and manager, on June 15. He replaces Sarah Rick Lewontin, who is retiring after serving in the top role since 2004.
Daley’s professional experience includes more than 10 years at Harbor Properties, including eight years as CEO. Harbor Properties, now known as Mack Urban, was a full-service real estate company specializing in developing and managing mixed-use, multifamily, and commercial office buildings.
Prior to his time at Harbor, Daley was CFO at the Trammell Crow Residential West Coast Group. Daley also served as the regional manager responsible for commercial real estate lending at Wells Fargo Bank.
Daley has been a member of the Bellwether board since 2010, serving as board chair in 2013 and 2014.
JAG Names SVP
Kevin Smith has been named senior vice president of acquisitions at Jefferson Apartment Group (JAG).
He will lead the McLean, Va.-based firm’s effort to build a multifamily acquisition platform within JAG’s core markets, including Boston, Florida, Philadelphia, and Washington, D.C. Smith will aim to reach $200 million to $300 million in new acquisitions annually.
He brings more than 20 years of commercial real estate experience to the firm.
Greystone Adds to Team in California
Tom Meunier has joined Greystone as a managing director in the firm’s Newport Beach, Calif., office.
He will focus on originating multifamily mortgage loans across the Fannie Mae, Freddie Mac, Federal Housing Administration, commercial mortgage-backed securities, and bridge platforms on the West Coast.
Meunier joins the firm from HomeStreet Bank, where he most recently served as a vice president and head of the company’s Newport Beach office. He also previously worked at Walker & Dunlop.
Hunt Mortgage Opens Fort Lauderdale Office
Hunt Mortgage Group, a commercial real estate lender, has opened a Fort Lauderdale, Fla., office.
Bill Papagno has been hired as director to lead the local effort. He will focus on sourcing and originating loans under the Freddie Mac Small Balance Loan program for clients in Alabama, Florida, Georgia, North Carolina, and South Carolina.
Under the new program, Hunt provides small balance loans between $1 million and $5 million to borrowers nationwide. It was one of three lenders initially chosen by Freddie Mac to pilot the program.
Papagno joins the company from Marcus & Millichap, where he was a senior director. Before that, he was a senior loan consultant with Washington Mutual Bank.
Former HUD Counsel Joins Bernstein Shur
David Aborn, former Department of Housing and Urban Development (HUD) Northern New England associate regional counsel, has joined the Bernstein Shur law firm’s government finance team.
Aborn will focus on transaction and regulatory matters involving HUD, Maine State Housing Authority, local public housing authorities, and the low-income housing tax credit program.
While at HUD for 38 years, Aborn was responsible for the provision of comprehensive legal services regarding all function and programs assigned to the Manchester, N.H., field office.
Experian RentBureau Appoints VP
Experian RentBureau has appointed Erik Brue to vice president, overseeing business operations.
A six-year veteran of the firm, he previously was a vice president in Experian’s indirect channel and most recently vice president of partnerships and strategic development for the firm’s Credit Information Services group.
Experian RentBureau is the largest database of rental payment information, with information on more than 13 million residents.
Community Realty Management Promotes Four
Community Realty Management (CRM), a full-service real estate management firm, has promoted four team members.
Michelle Storino moves to the office of vice president, operations, after serving as executive property manager.
Bernardo Coles has been promoted to vice president, administration and business development, from senior asset manager.
Charles Mensch moves to vice president and CFO from controller.
Lucy Oquendo has been promoted to executive property manager from property manager.
Established in 1974, CRM is a full-service real estate
management organization, managing apartment properties, homeowner associations,
single-family residences, and office buildings, and specializing in the
management and compliance of affordable housing properties.