Crown Advisors

Executive Search – Senior Vice President, Multifamily Development Charlotte, NC Crown Advisors has been retained to conduct a search for the leader of Carolinas Multifamily Development on behalf of a private, Texas-based developer, owner, and operator of multiple product types with patient capital. This person will be based in Charlotte focused on building pipeline and developing institutional-quality apartments in the Carolinas’ major markets. If you or an acquaintance is interested in learning more about the opportunity, please contact us for additional information. Phil Canzian – pcanzian@crownsearch.com or 412-348-1553 Matt McAulay – mmcaulay@crownsearch.com or 704-770-6110

Executive Search – National Development Partner, Industrial Dallas, Houston, Chicago, or Atlanta Crown Advisors has been retained to conduct a search for the National Development Partner and leader of the Industrial Division of a Texas-based, privately owned developer of industrial, multifamily, commercial, and healthcare with a national footprint. The Industrial Division has developed over 40 million SF totaling $3.7 billion since 2013 and has a current pipeline of 8.2 million SF totaling $860 million. This person will lead the team of 5 Regional Partners and 25 additional development professionals across the country. If you or an acquaintance is interested in learning more about the opportunity, please contact us for additional information. Kimball Wood - kwood@crownsearch.com or 202-400-2948 Matt McAulay - mmcaulay@crownsearch.com or 704-770-6110 Christine Pinkerton – cpinkerton@crownsearch.com or 919-679-9149

Executive Search – National Development Partner, Industrial Dallas, Houston, Chicago, or Atlanta Crown Advisors has been retained to conduct a search for the National Development Partner and leader of the Industrial Division of a Texas-based, privately owned developer of industrial, multifamily, commercial, and healthcare with a national footprint. The Industrial Division has developed over 40 million SF totaling $3.7 billion since 2013 and has a current pipeline of 8.2 million SF totaling $860 million. This person will lead the team of 5 Regional Partners and 25 additional development professionals across the country. If you or an acquaintance is interested in learning more about the opportunity, please contact us for additional information. Kimball Wood - kwood@crownsearch.com or 202-400-2948 Matt McAulay - mmcaulay@crownsearch.com or 704-770-6110 Christine Pinkerton – cpinkerton@crownsearch.com or 919-679-9149

I've been waiting for someone who gets it to write this article and spell out the deeper, underlying issues in CRE lending. David Frosh, CEO of Fidelity Bancorp Funding, certainly qualifies and does a nice job here. Excerpt: "One reason mortgage rates dropped so low in recent history is that the Fed injected liquidity into the financial system by buying mortgage-backed securities (MBS) and Treasury bonds. Along with lowering the short-term Fed Funds rate, the Fed’s aim was to stimulate economic activity by indirectly lowering long-term interest rates. However, the Fed is now deleveraging its balance sheet. Moving in reverse, it is gradually bringing down its holdings of MBS and Treasury bonds by letting them pay off when due and not buying new bonds with the proceeds, thereby removing liquidity from the system. It is doing this at a time where not only Treasury issuance is at an all-time high, but other sources of capital are stressed and cannot easily absorb the increase in demand. As a result, Treasury Bond rates could remain high and mortgage rates could go up despite the lowering of the Fed Funds rate."

Wow - what a great program. The panelists were not only exceptionally knowledgeable, but their passion for the port and what it means to the state of Georgia was also on display. Thank you for such a job well done.

Congratulations Justin C. Curis!

Hire a Cane! BBX Logistics Properties is looking for a VP of Acquisitions to source acquisitions, redevelopment, and development opportunities within the Eastern United States with a focus on the Florida, Charlotte and New York/New Jersey markets. Crown Advisors is heading up the search for the position. Email Natasha Brill if interested nbrill@crownsearch.com. Job Description below

Need inspiration for professional goals? Our experts with Crown Advisors , EBELING COMMUNICATIONS, BGO and Beekman Advisors share their insights.

Crown Advisors will once again be well represented at the NMHC Annual Meeting in San Diego next week, Monday Jan 29th through Thursday Feb 1st. Crown will have 4 senior recruiters in attendance - Jon Nowikowski, Natasha Brill, Matt McAulay and Phil Canzian if you would like to sit and meet with someone regarding something pressing, or to obtain our view of the market, and what to expect in the coming year. From succession planning to staff upgrades, there is a lot of conversation around organizational structure and are the right people in the right seats in an ever-changing market.   We look forward to seeing you in sunny San Diego!

Congratulations Ellie and Margie!