New York People and Company News, Week of August 16, 2024

• Madison International Realty, a leading real estate private equity firm, appointed Akaash Shah as VP of investments. Based in Madison’s London office, Shah will focus on advancing the firm’s real estate growth platform investing activities and brings more than a decade of real estate experience. Most recently he was a principal at Accord Group, where he was responsible for sourcing, underwriting, and executing strategic growth capital investments in early-to-mid stage real estate platforms across the UK and Europe. 

• M&T Bank appointed Lopa Kolluri as head of affordable housing lending, a new role. Kolluri will execute M&T’s affordable housing business strategy and establish operational processes and governance structures to ensure the efficient delivery of first-rate customer service to its affordable housing clients. In addition, she will continue to strengthen M&T’s existing affordable housing relationships while establishing new regional and national customers to generate additional business opportunities. Previously, Kolluri was SVP within M&T’s Commercial Real Estate Innovation Office, where she led strategy for the bank’s CRE transformation initiatives. 

• Jay DeWaltoff has joined global asset manager DWS as head of U.S. real estate debt to accelerate the growth of its existing U.S. real estate credit business and expand its global private credit platform. He will be based in the firm’s New York City office. Prior to joining DWS, he was head of the commercial mortgage loan group at J.P. Morgan Asset Management within its alternatives platform. In addition to the appointment of DeWaltoff, Daniel Sang, Catherine Millane and Khrystyna Bazlyak join DWS, also from J.P. Morgan Asset Management. 

• PREMIER Design + Build Group, LLC hired Rodney Shank as a general superintendent of its Northeast region, based in Iselin, NJ. Shank brings more than 30 years of experience delivering projects from preconstruction to closeout in a wide range of markets. Prior to joining PREMIER, Shank was a field executive for three national construction companies.

• UMH Properties, Inc., a Freehold, NJ-based REIT, promoted T.C. Sheppard to SVP of sales and consumer finance. In his previous role of VP of consumer finance, he oversaw a 54% increase in sales between 2020 and 2023. Additionally, UMH’s notes receivable portfolio increased by 88% during that time.

• Kimco Realty published its fourth Green Bond Report, outlining the use of the net proceeds and the associated estimated environmental impact of the company’s inaugural green bond, issued in July of 2020. The $493.7 million in net proceeds from the green bond issuance were fully allocated to finance Eligible Green Projects, as defined by Jericho, NY-based Kimco’s Green Bond Framework. 

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