Firms focused on the multifamily market made the bulk of Chicago’s recent real estate staffing moves as one of the nation’s biggest landlords picked up a new communication channel for investors.
Other action included a brokerage’s expansion into Denver and the promotions of four midmarket multifamily dealmakers, including two specializing in Chicago’s southwest side.
Read on for more Chicago-area real estate career changes.
➤ Chicago-based Waterton added Matt Porath to its investor relations team as senior vice president of the company division.
The firm, which has about $9.7 billion in real estate assets focused mostly on multifamily, brought on Porath following his four-year stint in a similar position with Citymark Capital in Cleveland.
Porath will be in charge of fostering both new and existing relationships with prospective investors in the eastern U.S. and Canada as well as leading Waterton’s fundraising efforts in Europe and the MIddle East.
➤ Chicago-based brokerage Peak Realty will have some views of the geographic feature in its name from its new office in the Mile High.
Peak, the housing brokerage firm that initially began as a leasing arm of Chicago’s Peak Properties, is expanding into Denver with its brokerage.
The firm’s Denver office will be led by Chase McGuire, who has previous experience as an operations manager in Denver’s apartment locating business. McGuire is spearheading Peak’s work in the Denver multifamily market, while Colin Stok will be lead broker for the Denver office and lead its residential real estate sales business.
“As we’ve gotten more into the new construction sector, many of our Chicago-based clients are now building in Denver, so what may have been a move in the next three to five years was accelerated with requests to bring our approach and strategy to this market,” Peak President Shane Rachman said in a statement.
➤ Oak Brook-based brokerage Core Industrial Realty brought on Frank Damato IV as a partner and broker.
Damato started his real estate career in 2019, and built experience by focusing on industrial property on the Interstate 88 corridor, the Fox River Valley and central DuPage County. He was previously an associate broker for three years with Elmhurst-based DarwinPW Realty.
➤ Chicago multifamily brokerage Kiser Group made four promotions, handing the title of advisor to John George, Joe Bianchi, Will Cornish and Jacob Price.
George and Bianchi have developed an expertise on the city’s southwest side, having launched their own brokerage as partners under Kiser.
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Cornish, who has a background in property management, has been serving Kiser’s regional private market team. And Price has closed more than $60 million in sales since joining Kiser last year.