Pillar Income Asset Management Expands Staff Due to Continuous Growth
25 June 2018 - 11:30PM
Business Wire
Pillar Income Asset Management, Transcontinental Realty Investor
Inc.’s management company, announced today that due to stellar
asset growth and several new strategic initiatives, the company has
expanded its staff. The expansion includes the addition of new
positions as well as dividing certain functions to enhance overall
effectiveness.
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Pillar’s Capital Markets/HUD function has been redefined. George
Jalil has joined Pillar as Vice President of Capital Markets and
has a diverse background in finance and commercial real estate. Mr.
Jalil specializes in the acquisition and capital structuring of
multifamily transactions. Prior to joining Pillar, he held
leadership roles at Staghorn Capital, NAPA Ventures, Asset
Revitalization Solutions, and various commercial real estate
brokerages throughout Florida and Texas.
Kim Geisheimer fills out the expanded Capital Markets role as
our new Assistant Vice President of Capital Markets. Ms. Geisheimer
has over 25 years of experience in commercial real estate finance
and multifamily development. Prior to joining Pillar, she was
involved with multifamily servicing, asset management and
originations for Barings Multifamily Capital, Red Capital, J.P.
Morgan Chase and Key Bank Real Estate Capital.
Steve Cone is Pillar’s new Vice President of Sales and
Acquisitions. Mr. Cone previously managed land acquisitions and
development at Wilco Partners. He will work closely with the
Capital Markets group and Pillar’s Brokers division to successfully
manage our land portfolio.
In addition to an internal promotion, Pillar has also added
several new positions to the Public Accounting department. Cynthia
Avelar was promoted to Senior Accountant after only four months in
recognition of her unparalleled commitment to the growth and
improvement of the department. The department’s newest additions
are Al Rodriguez – SEC Reporting Manager, Mike Ragsdale – Public
Accounting Manager, and Jud Stagner – Assistant Manager of
Financial Planning and Analysis.
Pillar’s construction affiliate, Regis Property Management, LLC,
also recently welcomed Ryan Dykes as an additional Project Manager
to the team.
“With our organization’s existing and newly engaged Joint
Venture projects and our continuously burgeoning multifamily asset
base, we are committed to the continued growth and education of our
staff,” commented Daniel Moos, President and CEO. “It is likely we
will add even more positions to keep pace as we continue to expand
our strategic footprint.”
Pillar Income Asset Management, Inc. is a Dallas-based real
estate management company, which develops and manages in excess of
$2.5 billion of real estate for public and private real estate
entities. Affiliated companies under management or advisement by
Pillar include American Realty Investors, Inc. (NYSE: ARL);
Transcontinental Realty Investors, Inc. (NYSE: TCI); Income
Opportunity Realty Investors, Inc. (NYSE AMERICAN: IOR), Abode
Properties, and Regis Property Management, LLC.
Transcontinental Realty Investors maintains a strong emphasis on
creating greater shareholder value through acquisition, financing,
operation, developing, and sale of real estate across every
geographic region in the United States. A New York Stock Exchange
company, Transcontinental is traded under the symbol "TCI".
Transcontinental produces revenue through the professional
management of apartments, office buildings, warehouses, and retail
centers that are "undervalued" or "underperforming" at the time of
acquisition. Value is added under Transcontinental ownership, and
the properties are repositioned into higher classifications through
physical improvements and improved management. Transcontinental
also develops new properties, such as luxury apartment homes
principally on land it owns or acquires.
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version on businesswire.com: https://www.businesswire.com/news/home/20180625005189/en/
Pillar Income Asset ManagementChris Childress,
469-522-4275press@pillarincome.com
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