Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CRE Veteran John Leonard Is Tapped To Lead NewQuest Properties New Multifamily Division
NewQuest Properties has named John Leonard, an industry veteran with three decades of experience in the property sector, to head the firm’s new multifamily division.
Leonard most recently was senior vice president and CFO of Sueba USA Corp., where he was marking his 30th year. During his career, he has closed more than $3 billion of commercial real estate transactions with complex capital structuring, debt and equity capitalizations, investment acquisitions and dispositions.
“The launch into multifamily development continues our plan for strategic, synergistic expansion and diversification of our investment and development platforms and service lines. We are excited about the future of NewQuest and kicking off this new venture with John,” says Austin Alvis, NewQuest’s president.
Houston-based NewQuest owns and manages more than 12 million square feet of mixed-use and neighborhood essential centers, many of which have excess land and redevelopment opportunities that will serve as the focus for the newly created multifamily division.
- ◦People
