SANTA ANA, Calif., April 13, 2011 /PRNewswire/ -- Daymark Realty Advisors Inc., a leading provider of strategic asset management and structured finance services to owners of commercial real estate, today announced that Michael Waddell has been named chief operating officer, effective immediately. In addition, as the executive vice president of Asset Management, Waddell will oversee the asset management functions of the company.
"Mike has played an instrumental role in the success of our asset management team," said Steven Shipp, president and chief executive officer. "We are extremely confident that his extensive experience, strategic thinking and proven management skills will make him highly effective in his new position as chief operating officer. Mike's promotion recognizes the contributions he has made in shaping Daymark and his commitment to our growing team."
Waddell joined the company as an executive vice president of Asset Management, responsible for the company's portfolio of commercial properties located in the eastern U.S. Based in Richmond, Virginia, he has more than 25 years of diverse professional experience in the commercial real estate sector, including asset management, leasing, development, redevelopment, site use planning, finance, acquisitions and dispositions.
Waddell previously served as an executive vice president of Asset Management with Grubb & Ellis Realty Investors, as president of CCA Properties LLC, (a Virginia-based, privately held commercial real estate investment and operating company) and as executive director, head of East Coast, Latin America and Canada corporate real estate activities for The Walt Disney Company.
Waddell earned bachelor's and master's degrees from Virginia Tech.
About Daymark Realty Advisors
Daymark Realty Advisors Inc. is one of the country's leading providers of strategic asset management and structured finance services to private and institutional owners of commercial real estate. Daymark provides a fully integrated platform of services that focus on maximizing property value and performance, and offers proven expertise in the repositioning of distressed assets, debt restructuring and property recapitalizations. From six offices throughout the country, Daymark manages a nationwide portfolio of commercial real estate properties totaling approximately 33.3 million square feet, including more than 8,700 multifamily units, valued at $4.9 billion, based upon purchase price. For more information regarding Daymark, please visit www.DaymarkRealtyAdvisors.com.
SOURCE Daymark Realty Advisors Inc.