SANTA FE, N.M., Sept. 4, 2013 /PRNewswire/ -- Rosemont Realty, LLC, a leading commercial real estate investment company, announced today that Michael Mahony, formerly Chief Operating Officer for the company, has succeeded Daniel Burrell as Chief Executive Officer.
Burrell is leaving the company to pursue a new business opportunity based in New Mexico to be announced later this month. Burrell will join Rosemont's Board of Advisors and will continue to assist the company on strategy and major growth initiatives.
"This decision was a very difficult one for me, because I believe so strongly in Rosemont's business model and team," said Burrell. "I have the utmost confidence in Michael and look forward to supporting the company's continued growth trajectory."
Burrell successfully led Rosemont Realty through a period of transformation, financially stabilizing the business and developing the critical infrastructure needed to facilitate rapid portfolio expansion. During this time, Rosemont acquired over $900 million in commercial real estate while adding three regional offices and establishing the company as a national brand in the office sector.
"Over the past three and a half years, I've worked side by side with Dan to transform Rosemont into a significant real estate player in the U.S., not only by adding a considerable number of assets, but by developing a strong asset management platform with a top flight team and a re-dedication to tenant service," said Mahony. "I intend to continue to build on the solid foundation at Rosemont, expanding the company through key acquisitions and internal growth while maintaining our focus on increasing value to our existing investors, tenants and employees."
Mahony, 40, began his career at the real estate private equity group Lazard Freres in New York, focusing on the ongoing asset management, restructuring, and disposition of the funds' portfolio assets. At Lazard, Mahony participated in the realization of over $2 billion of fund assets, including both public and private REITs and real estate operating and management companies.
Mahony became Vice President of Acquisitions and Finance for Andre Balazs Properties (ABP), a New York-based boutique hotel and residential management and development company. At ABP, Mahony directed strategic business development efforts, negotiated the participation of the company in over $1 billion of new projects and the successful $300 million repositioning of the company. In addition, as a senior member of the management team, Mahony participated in all aspects of ongoing property management, including annual budgeting; leasing, sales and marketing; and corporate organization.
Prior to joining Rosemont Realty, Mahony was a Director of Rosemont Capital, L.P. In that capacity, he led asset diligence efforts and ongoing management and operations of real estate investments.
Mahony received his Bachelor of Arts degrees in Economics and in History from Yale University and a Master's Degree in International Finance from the London School of Economics.
About Rosemont Realty, LLC
Headquartered in Santa Fe, New Mexico, Rosemont Realty, LLC, is a market leader in commercial real estate acquisition and asset management. The company has approximately 18 million square feet in more than 173 office buildings in 25 states across the United States, valued at more than $1.8 billion.
Founded in 1991, Rosemont Realty has eight regional offices in Albuquerque, Atlanta, Dallas, Denver, Houston, New York, San Antonio and Washington, D.C. For more information, please visit RosemontRealty.com.
SOURCE Rosemont Realty, LLC