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.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.
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