E.J. Burke Appointed To Lead KeyBank Real Estate Capital
Succeeds George E. Emmons, Jr., Who is Named President of KeyCorp's
CLEVELAND, Aug. 8 /PRNewswire-FirstCall/ -- KeyCorp (NYSE: KEY) announced today that E.J. Burke has been named to lead its Real Estate Capital line of business. The appointment is effective immediately. (Photo: http://www.newscom.com/cgi-bin/prnh/20050808/CLM017) Burke replaces George E. Emmons, Jr., who last week was promoted within KeyCorp to lead its Community Bank. John Case continues in his current role as executive vice president and national sales manager, overseeing the origination and delivery of balance sheet loan products and solutions. Burke retains his title of executive vice president and reports to KeyCorp Vice Chairman Tom Bunn. In his new role, Burke is responsible for developing and implementing national strategies; increasing cross-selling and revenue generation, acquiring new clients; and maintaining the profitability and quality of Key's national commercial real estate portfolio. "Key is fortunate to have a deep and talented group of senior professionals leading its Real Estate Capital line of business," George E. Emmons, Jr. said, "and that's why I am so comfortable in moving on to a new challenge within Key. I am confident the leadership transition will be seamless, and that the group's focus will continue to be on mattering more to our select clients, growing revenue and creating value for KeyCorp's shareholders." Prior to this appointment, Burke served as director of real estate capital markets for KeyBank Real Estate Capital. In that role, he managed a staff of 250 professionals in delivering off-balance sheet finance solutions through the group's commercial mortgage and private equity units. During his five years with Key, Burke has played an integral role in growing the group's commercial mortgage loan servicing portfolio - which currently ranks as the 7th largest in the U.S. at $42 billion. In 2004, Key's commercial mortgage and private equity units accounted for $3 billion in originations. Burke joined Key in January 2000 when it acquired Kansas City-based National Realty Funding, where he served as president. Burke received a B.S. degree from Boston College and an M.B.A. from Oklahoma City University. KeyBank Real Estate Capital is the nation's third-largest commercial real estate capital provider with nearly $19 billion in annual financings. It provides construction and interim loans, mezzanine financing, private equity, commercial mortgages, investment banking and loan sales and syndications services nationwide for virtually all property types. Its 800 financing professionals serve a national client base through 36 locations in major U.S. markets. KeyBank Real Estate Capital is a business unit of KeyBank National Association, a subsidiary of Cleveland-based KeyCorp, one of the nation's largest bank-based financial services companies, with assets of approximately $91 billion.RELATED LINKS
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