WASHINGTON, DC–JBG SMITH has recruited Angela Valdes for its chief accounting officer position and Jaime Marcus for its vice president of investor relations position.
Valdes was most recently vice president and chief accounting officer at Equity One. Marcus joins JBG SMITH from First Potomac Realty where he was director of Investor Relations.
“Angela and Jaime are exceptional executives with extensive experience in the REIT sector, including in areas where JBG SMITH will operate,” said W. Matthew Kelly, managing partner of JBG and CEO designate of JBG SMITH in a prepared statement. “We look forward to their contributions to the critical functions they will lead and to continuing to build the JBG SMITH team.”
JGB SMITH is the name of the $8.4 billion spin off Vornado Realty Trust and JBG Cos. are forming.
The new company will be led by Kelly with Vornado CEO Steven Roth serving as the chairman. JBG Managing Partner Rob Stewart will be executive vice chairman of the board, which will also have seven independent trustees including Alan Forman of the Yale University Investments Office, JBG's largest investor.
Other board members will be JBG Managing Partner Michael Glosserman and Mitchell Schear, president of Vornado/Charles E. Smith.
JBG's David Paul will be president and COO, James Iker will be the chief investment officer, and Brian Coulter and Kai Reynolds will be co-chief development officers.
Vornado's Patrick Tyrrell will be chief administrative officer, Jim Creedon will be executive vice president responsible for Office Leasing, and Laurie Kramer, executive vice president, will be in charge of the integration.
WASHINGTON, DC–JBG SMITH has recruited Angela Valdes for its chief accounting officer position and Jaime Marcus for its vice president of investor relations position.
Valdes was most recently vice president and chief accounting officer at Equity One. Marcus joins JBG SMITH from First Potomac Realty where he was director of Investor Relations.
“Angela and Jaime are exceptional executives with extensive experience in the REIT sector, including in areas where JBG SMITH will operate,” said W. Matthew Kelly, managing partner of JBG and CEO designate of JBG SMITH in a prepared statement. “We look forward to their contributions to the critical functions they will lead and to continuing to build the JBG SMITH team.”
JGB SMITH is the name of the $8.4 billion spin off
The new company will be led by Kelly with Vornado CEO Steven Roth serving as the chairman. JBG Managing Partner Rob Stewart will be executive vice chairman of the board, which will also have seven independent trustees including Alan Forman of the Yale University Investments Office, JBG's largest investor.
Other board members will be JBG Managing Partner Michael Glosserman and Mitchell Schear, president of Vornado/Charles E. Smith.
JBG's David Paul will be president and COO, James Iker will be the chief investment officer, and Brian Coulter and Kai Reynolds will be co-chief development officers.
Vornado's Patrick Tyrrell will be chief administrative officer, Jim Creedon will be executive vice president responsible for Office Leasing, and Laurie Kramer, executive vice president, will be in charge of the integration.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
