ATLANTA, June 9, 2021 /PRNewswire/ — Stonemont Monetary Group, a personal actual property funding agency specializing in industrial growth and internet lease belongings, introduced at the moment the hiring of business veteran Bryan Blasingame as the corporate’s new president and chief funding officer. Blasingame, who beforehand served as government vice chairman and chief funding officer at IDI logistics, will present strategic path and oversight because the agency continues to enter and broaden in key industrial markets all through the U.S.
Blasingame joins with 26 years of expertise in industrial actual property and brings an intensive background in main industrial growth ventures on a nationwide stage. At IDI Logistics, Blasingame helped elevate and deploy capital for the agency whereas structuring strategic partnerships that performed an integral position in permitting the corporate to turn out to be one of many world’s main traders and builders of logistics actual property. He helped develop IDI’s asset portfolio to over $4 billion by the implementation of varied possession buildings and straight oversaw the disposition of greater than $5 billion in industrial belongings.
As president and chief funding officer, Blasingame will lead Stonemont’s acquisition and growth initiatives throughout the nation whereas working to implement new methods and insurance policies that can successfully handle the rising inflow of capital raised by the agency. Blasingame could have direct oversight of the corporate’s portfolio and also will assist recruit and retain high expertise for Stonemont because the agency embarks on the subsequent chapter of its progress story.
“I’m happy to affix Stonemont and have a chance to work with a workforce of extremely proficient professionals who embody the entrepreneurial spirit,” mentioned Blasingame. “Stonemont has staked out a singular place within the business because of its skill to assume exterior the field and take daring however calculated dangers that place it for long-term success. I look ahead to integrating my present relationships with the spectacular listing of partnerships the agency has already established across the nation.”
Blasingame’s appointment coincides with a number of new hires that come along side the subsequent section of the corporate’s nationwide growth initiative. Stonemont is opening new workplace places in Charlotte, Chicago, and Dallas, whereas additionally bolstering the present roster at its Atlanta headquarters after a time of unprecedented progress. The agency’s skill to supply and capitalize on premium speculative growth alternatives in areas with excessive boundaries to entry have enabled Stonemont to develop its industrial portfolio exponentially over the past 24 months, along with 10 million sq. toes of Class A product at the moment beneath development.
“Bryan’s management credentials and accomplishments over the previous few many years communicate for themselves, and he couldn’t be part of at a greater time given the accelerated progress Stonemont is now experiencing,” mentioned Zack Markwell, Managing Principal and CEO at Stonemont Monetary Group. “His skill to prepare and handle advanced funding automobiles will serve us effectively, and his in depth community of business contacts is unequalled. I’ve full confidence that Bryan will proceed to spearhead new tasks that create worth and generate significant returns for our strategic growth and funding companions.”
Industrial development has reached report highs in lots of markets over the past yr as burgeoning e-commerce progress continues to gas demand for Class A belongings in mission-critical logistics hubs. In line with a brand new report from CBRE, practically 100 million sq. toes was absorbed nationally in Q1, the third highest mark on report.
For extra info on Stonemont and its initiatives, click on here.
About Stonemont Monetary Group
Stonemont Monetary Group makes a speciality of investing throughout a broad spectrum of actual property asset courses and geographies to ship engaging risk-adjusted returns. Stonemont affords diversified and differentiated actual property funding methods and automobiles to establishments, household workplaces, trusts and excessive net-worth people. The agency’s founders and managing principals have a mixed observe report of greater than 60 years’ expertise and $20 billion invested.
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SOURCE Stonemont Monetary Group