NEW YORK CITY-Looking to continue growing its burgeoning firm, JMC Holdings, LLC has hired Christopher Deppoliti as its first-ever head of asset management. In his new role, Deppoliti will oversee JMC Holdings' real estate investment portfolio and monitor the performance of individual assets, which includes commercial and residential properties located in Manhattan and along the east coast.
He comes to JMC Holdings from NBCUniversal, where he served as VP of facilities operations and incident management. Deppoliti was in charge of the company's global portfolio and led operations, crisis management and business continuity for its corporate facilities. Previously, he worked at Tishman Speyer's New York office in a number of roles, including director of facilities, operations and engineering for NBCUniversal's tri-state portfolio, and property manager for 200 Park Ave. and 885 Third Ave.
Now that the firm has had a chance to grow some, having been started in early 2011, it needed someone to run daily activities, founder Matt Cassin tells GlobeSt.com. “As our portfolio of assets grew it was clear that we needed someone to lead the day to day management of our various property investments. It's very difficult to manage a portfolio and maximize its value, while also finding and sourcing new transactions. In order to build our business it was clear that we needed a new member of the team to lead our portfolio asset management.”
The timing wasn't right until now, he notes. “Initially, we had the ability to handle asset management with a smaller team in place. As we added more assets, we saw the opportunity to further our growth if we had another person on our team.”
Going forward, the company is looking to establish itself as a real estate powerhouse, Cassin says. “We want to continue to find very interesting real estate transactions to invest in, like our recent acquisition of a brand-new Class-A office building, near Marine Corps Base Quantico in Stafford, VA.”
For every new investment, he adds, “our goal is to execute the highest and best use business plan that we've analyzed and developed for that specific deal. In short, we would like to develop a world-class real estate investment business.” Cassin was more specific in the announcement, saying, “with Chris on board, I see JMC Holdings achieving its newest goal—doubling the size of our investment portfolio again within the next 12 months.”
Cassin also spoke to Chris' skills and abilities in the announcement. “I know Chris for having a scrupulous work ethic, rigorous standards and entrepreneurial spirit,” says Cassin. “He is exactly what JMC Holdings needs at this pivotal juncture of our growth.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
