ATLANTA, Jan. 19, 2022 /PRNewswire/ -- Cortland, a
vertically integrated, multifamily real estate investment,
development, and management company, has appointed Jason Kern President of Investment Management, a
new role created to support the firm's continued growth in
the United States and
overseas.
Kern reports to Cortland's CEO, Steven
DeFrancis, and will help formulate and implement strategies
for the management and growth – both organically and through
mergers and acquisitions – of the firm by leveraging its areas of
competitive advantage and exploring ways to expand its
capabilities. In addition, he oversees the investments, capital
markets, corporate finance, investor relations, tax, and accounting
teams.
"Utilizing strategic investments to spur growth has been a focus
of mine throughout my career," Kern said. "I'm excited to join a
rapidly growing, values-driven organization with a passion for
innovation and collaboration, and I am truly inspired to be a part
of such a talented team."
Most recently, Kern served as CEO of LaSalle Investment
Management's Americas division for eight years. He was responsible
for managing $24 billion of assets
under management and leading the company's real estate private
equity and debt businesses, including strategy, personnel,
investments, client relationships, and operations in the United States, Canada, and Mexico.
Prior to LaSalle, Kern founded and led the Real Estate &
Lodging Advisory, Asia Pacific
business for HSBC Bank USA, and
before that he spent 17 years with J.P. Morgan in the United States, Europe, and Asia-Pacific, mostly in executive positions in
the Global Real Estate & Lodging Investment Banking
Group.
"The creation of this role is vital to supporting Cortland's
growth and fostering continued success while preserving the
continuity and strengths of the firm's existing business," CEO
Steven DeFrancis said. "Jason's
depth of global experience gives us confidence that he will lead
with an innovative and strategic mindset to help take Cortland to
the next phase of our growth."
Kern has served as a Member of the Boards of Directors of JLL
Income Property Trust, the National Association of Real Estate
Investment Managers (NAREIM), and the Association of Foreign
Investors in Real Estate (AFIRE). He earned a Master of Business
Administration in Finance and Accounting at New York University Stern School of Business and a
Bachelor of Arts in Economics and English Literature at
Colgate University.
About Cortland
Cortland is a vertically integrated, multifamily real estate
investment, development and management company focused on
delivering resident-centric, hospitality-driven apartment living
experiences. Headquartered in Atlanta, Cortland manages and is invested in,
directly or indirectly, over 200 apartment communities comprised of
more than 70,000 homes in the U.S. with regional offices in
Charlotte, Dallas, Denver, Houston, Orlando and Tampa. Cortland has significant experience in
acquiring, developing, renovating, owning and operating multifamily
communities, leveraging the services of its construction, design,
and property, asset and investment management affiliates.
Internationally, Cortland maintains a management and development
platform in the UK.
Cortland is a National Multifamily Housing Council (NMHC) Top 50
Owner and Manager, the Top Brand Performer for online reputation in
2021 (Reputation Score by reputation.com), and is a Great Place to
Work-Certified™ Company (2021). For more information, please visit
cortland.com.
The foregoing press release is for informational purposes
only. Nothing contained herein is to be construed as a solicitation
to offer investment advice or services, nor a solicitation for the
purchase or sale of any security. Information about investing
in a Cortland fund is only available in the form of private
placement memoranda and other offering documents which contain
information to help investors evaluate Cortland funds' investment
objectives, risks, fees and expenses, among other factors, before
considering an investment.
This press release may contain forward-looking statements.
The opinions, forecasts, projections or other statements, other
than statements of historical fact, are forward-looking statements.
You are cautioned not to unduly rely on these forward-looking
statements. Due to various risks and uncertainties,
actual events or results or the actual performance may differ
materially from those reflected or contemplated in such
forward-looking statements. Nothing contained in this presentation
may be relied upon as a guarantee, promise, assurance or a
representation as to the future. These forward-looking statements
have not been reviewed by anyone outside of Cortland, and while
Cortland believes these statements are reasonable, they do involve
a number of assumptions, risks and uncertainties. Unless
required by law, Cortland undertakes no obligation to publicly
revise any forward-looking statement to reflect circumstances or
events after the date of this press release or to report the
occurrence of unanticipated events. Cortland's past and current
performance are not indicative of future results, and no
representation is made that any Cortland investment will achieve
its objectives or that any Cortland strategy will be
successful. This press release is not personalized
investment advice or an investment recommendation from
Cortland.
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