Personnel News from IPA, Walker & Dunlop, RCLCO, Maverick Commercial Mortgage

Institutional Property Advisors Division Expands with New Toronto Team

Institutional Property Advisors announced the commercial real estate investment brokerage team Scott Chandler, John Stewart and Bill Pitt joined the firm in Toronto.

Previously affiliated with Colliers International Canada Capital Markets division, Chandler, Stewart and Pitt will be senior managing directors with IPA.

Over the course of his 30-year career, Chandler has handled more than $15 billion of commercial real estate transactions. His experience includes tenure as President and CEO of the Canadian operations of Cushman & Wakefield Ltd. and Director of Scotia Capital’s investment bank.

Stewart has real estate investment banking experience at BMO Capital Markets and has led disposition assignments in every major market across the country. He brings 14 years and over $7 billion of investment brokerage transaction experience to IPA.

Pitt has more than 30 years of commercial brokerage experience and has brokered $10 billion in transactions across Canada.

Apprise Adds Managing Director to Financial Reporting Valuation Group

Walker & Dunlop and GeoPhy announced its appraisal business, Apprise, has expanded its Valuation for Financial Reporting practice group by adding Melissa Lofing as Managing Director, co-leading the national practice alongside Managing Director Adriane Bookwalter.

Apprise’s Valuation for Financial Reporting specialty practice group offers real estate valuations for financial reporting purposes, including fair value measurement for debt and equity, net asset value, impairment analysis, purchase price accounting and others.

Prior to joining Walker & Dunlop, Lofing was a Managing Director of the Financial Reporting Practice within the Valuation & Advisory group at Cushman & Wakefield. Before that, she was a Managing Director with KPMG LLP, where she worked for nearly 15 years. She has consulted with real estate clients in various industries throughout her career, including multifamily, hospitality, healthcare, retail, residential development, manufacturing and financial services.

Apprise, a joint venture between Walker & Dunlop and GeoPhy, delivers USPAP/FIRREA-compliant multifamily appraisals with property- and market-level insights in as little as five business days.

RCLCO Fund Advisors Continues Expansion with Three Key Hires

RCLCO Fund Advisors, Bethesda, Md., added three new hires to its roster.

Allan Popper joined the firm as Director of Property Operations, leading property management and operations for the firm’s directly managed portfolios. He has more than 14 years of global asset and portfolio management experience with GE Capital Real Estate as well as transactional and advisory work with companies including Cerberus, Heitman, Hines, CalSTRS and Europa Capital.

Cecilia Galliani joined the team as a Vice President. She was a Portfolio Manager at Urby and a Vice President at Citi’s defined pension benefit team, where she focused on investment analysis, monitoring and management of its global real estate portfolio.

Jessica Diorio also joined RFA as a Vice President. She has more than 13 years of experience in asset management and acquisitions, as she managed a portfolio of commercial assets for Black Creek Group and has also held positions at HFF and CBRE Global Investors.

The three join the rapidly expanding team whose recent hires also include Wade Tindell as Senior Associate and Courtney Micheau as a Performance and Data Analyst.

Maverick Commercial Mortgage Expands Team with Batman Hire

Maverick Commercial Mortgage, Chicago, expanded its team by hiring Dylan Batman as Analyst.

In his new role, Batman will develop pro forma transaction analyses and other financial data to support commercial property transactions.

Batman joins Maverick Commercial following four years as an associate at Fidelity Capital Management in Chicago. In that role, he developed pro forma analyses, property valuations and disposition analyses and created investor reports. Previously, he was a property administrator at Chicago-based McCaffery Interests, where he supported management of University of Chicago’s 25-property retail portfolio. His role included reconciling common area maintenance and tax expenses and preparing property budgets.