People on the Move

Executive transitions in the multifamily industry

Diane Nordin Elected to Fannie Mae Board of Directors

Washington, D.C.—Fannie Mae announced that the board of directors has elected Diane C. Nordin to the company’s board.

Nordin most recently spent a year as a Fellow at the Advanced Leadership Initiative at Harvard University. Prior to this, she spent 20 years at Wellington Management Co. LLP, a private asset management company, where she served as a partner from 1995 to 2011. She served in many global leadership roles at Wellington, most notably as head of Fixed Income, vice chair of the Compensation Committee and audit chair of the Wellington Management Trust Company. Previous positions at Wellington include director, global relationship management and director, fixed income product management.

Nordin graduated from Wheaton College with a Bachelor of Arts degree, with a concentration in biology. She was also a participant in the Harvard Business School Leading Professional Service Firms program.

Nordin currently serves as a trustee of Wheaton College, where she is an audit committee member and chair of the Investment Committee. She is also a board member of the Vineyard Nursing Association of Martha’s Vineyard, a director of the Appalachian Mountain Club and a foundation board member of the Massachusetts College of Art and Design.

Greystar Welcomes New Director of Real Estate

Washington, D.C.—Greystar Real Estate Partners, the nation’s largest apartment operator, announced that Bobbie Brunk has joined the company as director of real estate. In her new role, Brunk will be responsible for overseeing a portfolio of multifamily assets located in the D.C. Metro area. She brings more than 25 years of experience in property and asset management of all asset classes.

Prior to joining Greystar, Brunk worked for Archstone for 15 years where she was responsible for 22 assets with more than 7,000 units in Northern Virginia, Maryland, and the District. Upon the closing of the Archstone/Equity Residential (EQR) transaction in February 2013, she was instrumental in transitioning a large part of Archstone’s D.C. portfolio to EQR.

Greystar currently manages one of the largest apartment portfolios in the Northeast, which includes more than 60 communities comprising about 20,000 apartment homes.

Hunt Cos. Names New President, COO

El Paso, Texas—Hunt Companies Inc. announced the appointment of Chris Hunt as president and chief operating officer.

Chris Hunt, a 20-year veteran of Hunt Companies, will succeed Mike Hunt, who held the position of president and chief operating officer since 1987. Chris Hunt will retain his position as the company’s chief investment officer. Mike Hunt will serve in a new role as vice chair of the board of directors while retaining his position as president and CEO of Hunt’s construction services division—Hunt Building Company Ltd.

Passco Development Announces New President

Los Angeles—A renewed focus on land development has been announced by Passco Companies LLC, a privately held Calif.-based commercial real estate company. The company has hired real estate industry veteran Scott Allen as its new president of Passco Companies Development LLC.

Passco Companies CEO and Founder Bill Passo notes that Passco Companies will be actively pursuing land acquisitions in Southern California, targeting available land at purchase prices between $1 and $20 million.

According to Passo, Scott Allen will spearhead land acquisition efforts for Passco Companies Development and drive new land projects forward. Allen will also oversee all of Passco Companies Development’s current land holdings and will manage future land sales.

Allen joins Passco from Tava Development Co., where he served as president. In this role, Allen oversaw all business operations for the company, which developed land for the homebuilding industry and invested in residential and industrial real estate. Prior to his tenure with Tava Development Co., Allen served as division president of the Southern California Division of Meritage Homes, formerly Citation Homes.

Don Atchison Joins Greysteel Capital Markets

Washington, D.C.—Greysteel Capital Markets, a Washington, D.C.-based real estate capital markets and investment banking firm, announced that Don H. Atchison has joined the firm as director, a role in which he will oversee the firm’s debt financing practice and represent clients in the structuring and placement of property and portfolio debt financing solutions.

Atchison comes to GCM with three decades of experience and expertise in commercial real estate financing, sales, development and advisory services. Prior to joining GCM, Atchison was a senior executive with Transwestern, where he managed the firm’s Baltimore and Northern Virginia offices. Before that, he was a project executive with a Washington, D.C., area development company with responsibility for overseeing the construction, leasing and management of four office buildings totaling more than 400,000 square feet.

Atchison has overseen and negotiated the closing of more than 11 million square feet of office, industrial and retail leases and five million square feet of investment property sales valued at more than $1.25 billion. Throughout his career, he has also originated and closed nearly $1 billion in project-related debt and has personally sold assets worth more than $250 million.

Atchison is a graduate of the U.S. Naval Academy, where he earned a bachelor’s degree in management, and Texas Christian University, where he received an MBA in finance and economics.