ORLANDO—CNL Commercial Real Estate has hired Pryse Elam, a 25-year commercial real estate industry veteran. Elam joins the firm as managing director to lead the company's development and investment platform. He will also manage CNL's new South Florida office.
“We are delighted to welcome Pryse to the CNL Commercial Real Estate team in this new role,” says Paul Ellis, president of CNL. “His deep background in acquisitions and development and his reputation throughout the Southeast will help our company expand its development and investment platform and take advantage of the opportunities the improving commercial real estate market is creating.”
CNL has created a new development and investment arm, with plans to invest $300 million in new acquisitions and development projects across the Southeast and Texas over the next 18 months. CNL is targeting primarily office, industrial and retail.
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