Carmel Partners’ David McWhorter Leaving the Firm

SAN FRANCISCO--()--Carmel Partners (“Carmel”), the real estate investment management firm, announced today that David “Mac” McWhorter, Managing Partner, Head of Investor Relations, will be leaving the firm at year-end to pursue other opportunities.

“We appreciate Mac’s contributions to Carmel over the past two and a half years”

“We appreciate Mac’s contributions to Carmel over the past two and a half years,” said Ron Zeff, Founder and Chief Executive Officer of Carmel. “Mac was helpful in the successful closing last year of Carmel Partners Investment Fund V with $1.025 billion of commitments in nine months. We wish him the very best in his new endeavors.”

Carmel said Richard Bennion, Senior Vice President, Investor Relations, who has been with the firm for eight years, will handle day-to-day investor relations activities and the team’s fundraising activities.

About Carmel Partners

Founded in 1996, Carmel Partners is a sector-specialist in real estate investment management. Carmel seeks superior risk-adjusted returns across varying market cycles by adhering to a philosophy of specialization in U.S. multifamily investments and execution of value creation strategies through a vertically integrated platform. Since its founding Carmel Partners has bought and renovated 22,474 apartment units with a total market value of $4.9 billion and has developed, or is in the process of developing, 12,342 apartments units with projected project costs of $3.8 billion. Through its real estate funds, Carmel Partners invests on behalf of over 60 institutional investors including many of the nation's leading endowments, foundations, pension plans and family offices. Headquartered in San Francisco, Carmel has offices in Los Angeles, Seattle, Denver and New York. For more information please visit www.carmelpartners.com.

Contacts

Owen Blicksilver PR, Inc.
Lisa Baker, 914-725-5949
lisa@blicksilverpr.com

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Release Summary

Carmel Partners, the real estate investment management firm, announced that David “Mac” McWhorter, Managing Partner, will be leaving the firm at year-end to pursue other opportunities.

Carmel Partners