Personnel News From JLL, Marcus & Millichap, NewPoint
JLL Valuation Advisory Adds Dennis Firestone
JLL Valuation Advisory hired Dennis Firestone to join its Environmental and Property Condition team as a Senior Vice President for EPC Premier Client Accounts.
In his new role, Firestone will focus on client development, business support and implementation of technology-based solutions.
Based in the Detroit area, Firestone is a Registered Geologist and Registered Environmental Manager. He joined JLL with more than 30 years in the environmental and engineering assessment industry. Specializing in risk management, asset management and environmental due diligence for the financial and real estate industries, his experience comes from work in the environmental, construction and property condition fields. He has served as both a provider of these services, having managed offices for various consulting firms providing a wide range of environmental, geotechnical and construction services and as a consumer of these services in his capacity at a commercial lender and a financial services institution.
Firestone has held various industry leadership positions, including sitting on the board of and chairing the risk management committee for the Environmental Bankers Association and co-founding a first-of-its-kind “capital at risk” construction interest group. He also co-created the non-profit Consortium for Business and the Environment that seeks to establish specific lending opportunities for middle-market and energy finance lenders.
The EPC service offers Phase I Environmental Site Assessment and Phase II Oversight Management, along with Property Condition Assessments, Zoning Reports, Seismic Studies, ALTA Surveys and Green Evaluations. Adding this new service line expanded JLL’s capabilities to fulfill the full spectrum of client needs by providing a suite of services through a single source of ordering; faster access to high-quality data for engineering, environmental and valuation products; and a non-disruptive and optimized approach for collection of field data.
NewPoint Adds Senior Team Members to Its Affordable Housing Finance Platform
NewPoint Real Estate Capital LLC, Plano, Texas, hired Bryan Dickson and Karen Kim as Managing Directors of Affordable Originations. They will focus on Agency and Proprietary Affordable Housing lending and join NewPoint’s Product and Underwriting teams exclusively focused on meeting the needs of the affordable housing community.
With a career spanning more than 20 years, Dickson has financed, underwritten and asset-managed some of the largest and highest quality affordable and conventional housing developments in the U.S. Most recently, he was Regional Director for Citi Community Capital, responsible for affordable housing debt origination and investment banking throughout the U.S. Before that, he was a producer at Freddie Mac in the Targeted Affordable Housing Sales and Investments group. Earlier in his career, he worked at the Illinois Housing Development Authority and Berkshire Mortgage Finance.
For the past ten years, Kim has worked with clients in various capacities, providing custom financing solutions through FHA, Fannie Mae, Freddie Mac, bridge and other balance sheet loan programs for affordable and conventional housing developments. Most recently, she was a Relationship Manager with Greystone & Co., where she managed a portfolio of clients including several top affordable housing developers. Before that, she worked in the non-profit sector as Manager of Corporate and Foundation Relations for God’s Love We Deliver and Development Associate for Upwardly Global. NewPoint Real Estate Capital LLC is a joint venture of Meridian Capital Group LLC and Barings LLC, launched in second-quarter 2021.
