Domus Development Appoints New Vice President of Development & Operations
- Feb 26, 2016
Dallas—Domus Development recently appointed a new vice president of development and operations. Marc Sullivan joins the Dallas-based student housing development company and brings 10 years of experience in real estate, finance and development to Domus, making it a highly experienced firm in all aspects of student housing development.
“Marc is a great asset to Domus and because of him we have already doubled the size of our company, welcoming more clients and developing more properties,” Eric Jakimier, owner of Domus Development, said in prepared remarks. “We have done nearly $100 million in development as a one-person firm and with the addition of Marc, we have the capacity to expand in scope to do more deals and also offer asset management services.”
At Domus Development, Sullivan is responsible for asset management of six assets, as well as sourcing new development deals, among others. Sullivan is also a licensed real estate broker in the state of Texas.
“I’m so honored to be working with such a vibrant and successful development company,” added Sullivan. “When I first started working with Eric on a project basis with asset management, I realized that we had a great synergy together with the same work ethic and drive. I’m excited to see what we will achieve in 2016.”
Following completion of his master’s degree in real estate at the University of Texas Arlington, Sullivan began his real estate career in student housing development, with responsibility for the financial analysis and asset management of student housing projects located in Texas, Florida and Missouri. In 2007, he joined Reef Points Advisors as a partner where he was involved in broader real estate asset types, adding luxury multi-family, office, retail and industrial assets to his real estate portfolio experience. Over the course of eight years with Reef Points, Sullivan handled all financial analysis and underwriting, asset management and development for the partnership resulting in the acquisition and development of more than $165 million in projects in Texas, California, Missouri and the District of Columbia.