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Acquisition Capabilities Expanded with Organizational Transformation, New Hire, and Promotions

By May 16, 2024News

CHICAGO, Ill. (May 15, 2024) – Pine Tree announced that it has enhanced its acquisitions capabilities and realigned its asset management department to strategically focus on growing its national portfolio of open-air retail shopping centers. This expansion is the result of significant capital formation and open-air shopping center acquisition opportunities expected in the market in 2024 and beyond.

To optimize the balance of both new investment opportunities and existing investment management, Pine Tree will reallocate the responsibilities of three Vice Presidents on the acquisitions and asset management teams. William Davis, Chris Ellsworth, and Brian Page have been promoted to the newly created role of Vice President – Investments and will be responsible for both new acquisition activity as well as portfolio oversight. This change will create a more seamless investment management function for Pine Tree and its capital partners. 

In their new and elevated roles, Davis, Ellsworth, and Page will be responsible for all activities in the Central, Eastern, and Western regions, respectively.

“This internal reallocation rebalances our acquisitions and asset management groups into one comprehensive investments team,” said Conor Bossy, Chief Investment Officer. “It will allow us to take advantage of a higher volume of new acquisition opportunities while also maintaining the high-touch client service from our asset management function that is a critical value proposition to Pine Tree’s partners.”

As part of this transformation, Pine Tree has also promoted two of its Investments team members. Patrick Fuller and Patrick Radoha have been promoted to Senior Associate and Associate, respectively, and the company has also expanded its investments group to include a new Associate, Anthony Giuffre, further elevating the team’s capabilities.