Bourne Financial Group, a real estate private equity company specializing in seniors housing development, acquisitions and asset management, has hired James Rea to serve as its executive vice president of business development.
Rea has more than 17 years of experience in various sectors of the real estate and capital markets industry, with an emphasis in the seniors housing, healthcare, multifamily and retail net lease. He joins Bourne Financial Group from CNL Financial Group where he served as vice president of fund management for CNL Healthcare Properties and other CNL-sponsored real estate funds.
Additionally, Rea worked with GE Franchise Finance as the leading dispositions agent for their 1031 investment desk with sales totaling over half a billion nationwide, the company said.
“James Rea is an excellent addition to our company,” said R. Kyle Bourne, president and chief investment officer of Bourne Financial Group. “His experience in seniors housing, healthcare, and real estate investments in general, along with his many years working with the broker-dealer and real estate community, and great reputation, bring tremendous value to our firm.”
Founded in 2014 and headquartered in Winter Park, Florida, Bourne Financial Group currently has 19 seniors housing communities open or under construction in nine states, with assets under management of approximately $500 million.