Multi-Housing Executives on the Move
- May 16, 2008
By Anuradha Kher, Online News EditorG. Reid Teaney Becomes SVP of ARA Chicago OfficeKansas City, Mo.–Atlanta-headquartered Apartment Realty Advisors (ARA) has hired G. Reid Teaney as senior vice president of ARA’s Kansas City office.In this new role, Teaney will work in the ARA central office, located in Kansas City, Mo., and will work together with current ARA principal, Mac Crowther, to expand this office’s existing multifamily investment advisory services in the Missouri, Kansas, Iowa and Nebraska markets.“Reid has more than 30 years of experience concentrated in investment and user sales, leasing and executive-level brokerage management and is highly regarded in the marketplace,” says Crowther. Teaney previously spent over 20 years with CB Richard Ellis, four years with J.C. Nichols/Highwoods Properties and three years as executive vice president of First Scout Investment Realty Advisors in Kansas City. He has served as chairman of the Kansas Real Estate Commission twice, was named the Kansas City Regional Association of Realtors “Realtor of the Year” in 2004, and was awarded the Kansas City CCIM Chapter “Home Run Deal” Award in 2007 and the SIOR National “Largest Volume Office Transaction” Award in 1999.Bozzuto Management Promotes Chad Cooley to SVP, Stephanie Williams to VP, New Business DevelopmentGreenbelt, Md.–Bozzuto Management Co. has promoted Chad Cooley to senior vice president and Stephanie Williams (pictured) to vice president, new business development.In his new role, Cooley will oversee property operations for Bozzuto Management Co. communities in suburban Maryland, Washington, D.C., northern Virginia, New Jersey and Pennsylvania. His portfolio will include 35 of Bozzuto’s 87 managed communities.“Chad’s extensive range of experiences, coupled with his incredible enthusiasm and dedication to Bozzuto, have prepared him well for this role,” says Julie Smith, president of Bozzuto Management Co. Cooley joined The Bozzuto Group in 1997 as a leasing consultant. After serving as assistant manager and property manager in training for several properties, he moved to Bozzuto’s corporate office as a computer specialist, and was shortly thereafter promoted to director of Information Systems. Since 2006, Cooley has served as vice president, asset management, where he served as the point person for Bozzuto’s entire investment portfolio of nearly 30 assets. As vice president of Bozzuto Management Co.’s new business development division, Williams will take the lead on all new management, both in-house joint ventures and third-party, and will source new fee-management business for the company. “Stephanie’s experience in developing various types of rental housing, along with her positive and persuasive style of generating business and building relationships, will serve her and the company well,” says Smith. In 2004, Williams joined Bozzuto Development Co. as a development associate, and in 2006 was promoted to development manager. In her development role, she was responsible for expanding market rate and mixed-income opportunities, with a principal focus on growing the company’s affordable housing initiative.She is currently a member of the Urban Land Institute and American Planning Association.Arbor Names Peter Margolin as Director in Chicago OfficeChicago–Arbor Commercial Mortgage has appointed Peter Margolin as director in Arbor’s Chicago office. Margolin will be responsible for all of Arbor’s loan offerings including Fannie Mae, FHA, CMBS, Bridge, Mezzanine and Preferred Equity.Prior to joining Arbor, Margolin worked for LaSalle Bank, where he generated more than $500 million in small balance multifamily transactions. He has also held positions at J.P. Morgan Capital LLC and Bridger Commercial Funding LLC, where he originated nearly $200 million in fixed-rate and securitized commercial real estate mortgages combined.