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| 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.
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| 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
480.600.0195
