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California People and Company News, Week of Nov. 14, 2025
- TruAmerica Multifamily, one of the nation’s largest multifamily investment firms, has promoted four key leaders into expanded roles across the organization. Stella Pappas has been promoted to executive managing director, investment management, responsible for all aspects of the firm’s fund management, global fundraising, and investor relations functions. Christopher Wei has been promoted to senior managing director, portfolio management, overseeing national disposition, recapitalization, and refinancing initiatives. Austen Mount has been promoted to managing director, operations, where he leads strategic asset oversight and performance optimization across TruAmerica’s 60,000-unit portfolio. Stefan Long has been promoted to senior director, fund and corporate accounting, overseeing fund accounting and corporate financial operations.
- Passco Companies, a leading national real estate investment firm, has appointed Stacy Stemen as SVP of strategic relations. In this newly defined role, Stemen will lead the company’s strategic growth initiatives through the cultivation and expansion of business development efforts, and oversight of the Passco Ambassador Program.
- Newmark has hired Kevin Hatcher as executive managing director to further accelerate the growth of its industrial real estate practice across the Bay Area and the broader West Coast markets. Hatcher will collaborate closely with Newmark’s regional and national industrial leasing teams, Capital Markets and Occupier Solutions to deliver integrated strategies tailored to client goals.
- Blue Light Capital, a private commercial real estate lender focused on middle-market bridge lending, has expanded to the West Coast with the hiring of Chris Thomas as managing director. Thomas will be based in Beverly Hills.
- MacFarlane Partners, a leading real estate investment management and development firm specializing in urban properties, announced the strategic spinout of LegacyFirst, a vertically integrated commercial real estate investment and services company founded by Landon Taylor. Details of the LegacyFirst launch will be forthcoming.
- Creative Media & Community Trust has entered into a definitive agreement to sell its lending division to PG FR Holding, LLC, an affiliate of Atlanta-based Peachtree Group. The sale is in furtherance of Los Angeles-based CMCT’s main priorities for growing its premier multifamily portfolio, strengthening its balance sheet and improving its liquidity.
Read More News Stories About: Newmark, TruAmerica
