Real estate investor and developer, Hullmark, announced some major changes on Wednesday.
The Toronto-based organization confirmed Noah Rechtsman, former Senior Vice President of Cushman & Wakefield’s Capital Markets Group, is stepping in as Executive Vice President, Private Equity.
In his former role, Rechtsman oversaw commercial and residential transactions in excess of $1.5 billion. At Hullmark, Rechtsman will oversee both private equity and debt verticals. He will also see to the expansion of the company’s private equity platform, which has direct investments in existing development projects valued in excess of $850 million.
“Noah’s distinguished 12-year career in real estate investment sales have positioned him well to lead the growth of Hullmark’s established — yet relatively unknown — private equity and debt verticals,” Jeff Hull, president of Hullmark, said in a statement. “We are thrilled to welcome Noah to the company.”
In addition to Rechtsman’s appointment, Hullmark’s own Aly Damji and Leona Savoie were promoted to EVP Investments & Asset Management and Senior Vice President, Development, respectively.
Damji and Savoie’s promotions have been a long time in the making. Both were instrumental in Hullmark’s strategic vision to invest in and transform Toronto’s urban neighbourhoods.
“From Parkdale, Liberty Village and Ossington in the west, to Riverside in the east, our approach to asset management, development and the tenant experience has been key to our success,” Hull noted, acknowledging his team’s efforts. “I am very proud of Aly and Leona’s many contributions to Hullmark and excited to announce their promotions.”