At a glance
- The industrial owner has grown from roughly 4 million square feet at its 2021 launch to about 11 million square feet, according to IREI.
- For allocators, LP fundraising and investor relations now sit under the president, while acquisitions and asset management report to one investment chief.
- Timmons, previously managing director of asset management, now oversees acquisitions and the portfolio, which the firm said streamlines oversight and underwriting.
Arden Logistics Parks promoted Barbara Rea to president and chief operating officer and Robert Timmons to chief investment officer, Commercial Observer reported Nov. 10.
The industrial owner has grown from roughly 4 million square feet at its 2021 launch to about 11 million square feet, according to IREI.
For allocators, LP fundraising and investor relations now sit under the president, while acquisitions and asset management report to one investment chief. Rea, previously chief operating officer, adds strategy and growth to a remit that already included property management, asset management, marketing, technology, HR, investor relations and capital raising, IREI said.
Timmons, previously managing director of asset management, now oversees acquisitions and the portfolio, which the firm said streamlines oversight and underwriting. "Combining oversight of acquisitions and asset management provides a clearer understanding of how our assets serve their customers in a given market," Timmons said, adding that it leads to "a more informed selection of target markets and asset profiles." Both executives have been with the platform since its 2021 launch.
Reported by the Sectors desk from Institutional Real Estate, Inc. (IREI) and Commercial Observer. Published . Corrections