LOS ANGELES, May 9, 2017 /PRNewswire/ -- MWest Holdings announced today that Matthew Ellis has been promoted to Chief Investment Officer. In this role, Ellis will oversee the firm's acquisition and capital markets group, where he will be responsible for all acquisitions and financings of the firm's portfolio.
"I am thrilled to elevate Matthew into this well-deserved executive role," says Karl Slovin, President of MWest. "For the past eight years, Matthew has shown an unparalleled understanding of the macro and micro-economic drivers of our business, and a street-by-street knowledge of the local market, uncovering diamonds in the rough time after time. As Senior Vice President, Matthew has driven our market share, assets under management, and nurtured lasting equity partnerships. I have no doubt that Matthew will continue to build upon his outstanding reputation as we grow MWest's portfolio."
Since joining MWest in 2008, Ellis has played an integral part in the company's shift back to focusing on value add multi-family properties, and its expanding to become one of the premier boutique investment houses in Los Angeles.
Ellis joined the MWest team with extensive experience in real estate lending and structured finance. He previously worked for Wachovia Securities where he held the position of Vice President of Originations in their Los Angeles office. During his tenure with Wachovia, Ellis originated, underwrote, structured and closed debt and equity transactions totaling over $4 billion, at all levels of the capital stack. This experience allowed Ellis to jump right into his first role at MWest, where he was tasked with sourcing and underwriting prospective investments in Southern California.
"I'm as eager to take on the responsibilities of MWest's new Chief Investment Officer as I was when I first started with the company," said Ellis. "MWest Holdings has been such a great fit for me personally. MWest has built a reputation for its creative but highly strategic and balanced investment approach, which has resulted in exceptional returns for investors. I'm excited to help bring the company to the next level."
Ellis received a Masters of Economics with a concentration in Finance, a Bachelor of Arts in Economics and a Bachelor of Science in Geography, from the University of North Carolina at Charlotte.
About MWest Holdings
Founded in 1991, MWest Holdings is a vertically-integrated investment holding company. MWest credits much of their success to a management team comprised of seasoned professionals with broad backgrounds in all facets of residential and commercial real estate investment. MWest focuses on core-plus and value-add multifamily opportunities and acquires, renovates, leases and manages real estate property in Los Angeles and New York City.
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SOURCE MWest Holdings