Multi-Housing Executives on the Move
- Apr 11, 2008
By Anuradha Kher, Online News EditorTimothy J. O’Brien Named Senior Managing Director, Partner for Legacy Partners ResidentialIrvine, Calif.–Timothy J. O’Brien (pictured) has been named senior managing director/partner for Legacy Partners Residential’s Southern California region.As senior managing director/partner, O’Brien will be responsible for Legacy’s operations, acquisition and development activities throughout Southern California.“With Tim’s expertise and hands-on knowledge of the regional multifamily sector, Legacy Partners sees continued opportunity to develop, acquire and operate profitable multifamily communities throughout Southern California,” says W. Dean Henry, president of Legacy Partners Residential Inc.O’Brien is a 22-year veteran of real estate development and investment in Southern California. Prior to joining Legacy Partners, O’Brien was the West Coast operating partner for Fifield Cos. in Irvine, where he led the acquisition and development of over $1 billion in high-rise residential development in Los Angeles, San Francisco and Hawaii. Previously, he was vice president of acquisition and development for Lincoln Property Company in Southern California developing high-density apartment projects. He is a licensed California Real Estate Broker and a member of the Urban Land. O’Brien is a resident of Newport Beach, CA.Steve Church Joins Jones Lang LaSalle as SVP of Capital MarketsDallas–Jones Lang LaSalle has appointed 25-year commercial real estate veteran Steve Church as senior vice president of its Capital Markets Group in Dallas. In his new position, Church will leverage his multifamily expertise to provide sales advisory, valuation and marketing services to investor clients on a variety of apartment, condominium, student housing, senior housing and residentially zoned land assignments. He will also partner with Vice President Craig Cauthen to bolster the firm’s multifamily investment sales presence throughout the Southwest region. “Steve’s experience and expertise in investment sales, particularly multifamily, and his local market knowledge are invaluable to the firm,” says Jack Minter, managing director of Jones Lang LaSalle’s Capital Markets Group and head of the Investment Sales practice. During his 25 years in commercial real estate, Church has been involved in the sale or acquisition of more than 20,000 multifamily units throughout Texas, Arizona, Arkansas, California, Colorado and Louisiana. He comes to Jones Lang LaSalle following four years with his own private property brokerage firm. Prior to that, Church spent 16 years at FirstWorthing, where he played a key role in acquisitions and brokerage of conventional multifamily properties. He has also held multifamily brokerage positions at Henry S. Miller/Grubb & Ellis and Coldwell Banker Commercial Real Estate Services (now known as CB Richard Ellis). Enterprise Appoints Lori Chapman as New President of its Community Loan FundColumbia, Md.–Enterprise Community Partners Inc. has appointed Lori Chatman as the new president of the Enterprise Community Loan Fund.“Ms. Chatman brings a wealth of experience to her new position as president of the Loan Fund,” says Doris W. Koo, chairman of the Board of Directors of Enterprise Community Loan Fund and the president and CEO of Enterprise Community Partners. Chatman joined the Enterprise Community Loan Fund in November 2004 with more than 15 years of progressively responsible experience in the field. She is currently the senior vice president and chief credit officer for the Loan Fund with responsibility for reviewing and approving loan transactions and for overseeing the loan portfolio. Chatman is also responsible for maintaining credit quality and standards.Prior to joining the Loan Fund, Chatman was the director of lending for the Calvert Social Investment Foundation, where she managed the Foundation’s $55 million portfolio of loans to community development financial institutions (CDFIs), community development corporations, social services providers and international micro finance institutions.