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Heitman Veteran Will Beam Joins Magnolia Capital
Industry veteran Will Beam (pictured) has joined Magnolia Capital, a multifamily investor launched in early 2017, as managing director of investments. Beam was most recently SVP at Heitman Capital Management, where he sourced over $2.7 billion of multifamily acquisitions representing over 12,000 units.
“I’m thrilled to have Will joining our team,” says Max Peek, CEO of Magnolia Capital. “His previous experience and excellent reputation within the multifamily industry will further enhance Magnolia’s ability to serve our investors.“
Beam cited “a unique opportunity to be part of an innovative company such as Magnolia Capital. I’ll able to shape the emerging portfolio while working in an entrepreneurial culture that is determined to redefine our industry.”
Chicago-based Magnolia has acquired six apartment properties, mainly in the Southeast and Southwest, since its formation. This past February, it made its first acquisition in its own backyard, the 270-unit Vantage Oak Park in suburban Oak Park, IL.
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