Sunday, September 26, 2021

MC Companies Hires Industry Veteran David Mannion as COO Amid Major Portfolio Expansion

 

David Mannion
 

 PHOENIX, AZ – Supporting a major portfolio expansion plan, full-service multifamily investment, management and development firm MC Companies has hired David Mannion as its Chief Operating Officer.

A 20-year industry veteran, Mannion now serves as part of the MC Companies executive team, adding institutional experience and relationships to grow the company’s multifamily portfolio from 6,500 units to 25,000 units under ownership by 2029.

Ken McElroy

In his new role, Mannion applies expertise in public and private real estate development, acquisitions, portfolio management and capital markets transactions to drive MC Companies operations and oversee portfolio performance, capital raises and joint-venture relationships.

Prior to joining MC Companies, Mannion served as the head of capital markets for a $15 billion, publicly traded REIT, where he raised several billion of institutional capital.

Over the course of his career, Mannion has closed over $7 billion in transactions and managed $24 billion in assets.

“David is a forward-thinking leader with an impressive track record in complex real estate transactions – a valuable combination as we launch our portfolio growth initiative,” said MC Companies Co-Founder and Principal Ken McElroy.


Ross McCallister

“We are thrilled to have him on our team, knowing that he will act as a steward for our investors and employees, and the residents who live in MC Companies communities.”

MC Companies founders McElroy and Ross McCallister have been leaders in the multifamily investment industry for over 30 years.

The company continues to actively pursue new land for development and existing properties for value-add investment.

 

 CONTACT:

 

Stacey Hershauer

stacey@focusaz.com

480.600.0195

www.mccompanies.com.

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