Croatan Investments, a private equity real estate manager focused on multifamily investments, has hired Jeffrey Mack to serve as chief administrative officer and head of portfolio management.
In his new role, Mack will lead Croatan’s asset management, construction management, fund management, accounting, and corporate administration functions.
Mack has 30 years of experience in real estate investment management, covering multifamily, office, retail, industrial, and parking assets. Most recently, he served as first vice president of asset management at CIM Group where he oversaw a multibillion-dollar portfolio and managed a team of more than 250 professionals.
The company said that his previous experience includes positions at Jones Lang LaSalle; SITE Centers (NYSE: SITC), a publicly traded REIT; and Robinson Development Group. Mack also performed advisory work for Harbor Group International as a consultant.
“Jeff’s 30-year industry tenure and experience in real estate investment management gives him a deep understanding of our business, operations, and strategy as well as the ability to positively impact and enhance our platform,” said Paul Van, chief executive officer and chief investment officer at Croatan Investments. “We look forward to his seasoned leadership and stewardship of our asset management, accounting, and administrative teams.”
Mack holds a Masters of Business Administration from The University Chicago Booth School of Business and a Bachelor of Arts in economics and computer studies from Northwestern University.
Croatan sponsors private placements and Delaware statutory trusts that focus on multifamily real estate. The firm is headquartered in Virginia Beach with team members located in Atlanta, Austin, Dallas, New York City, Washington DC, and Singapore. Croatan’s geographic focus includes primary and secondary markets with strong economic and housing demand drivers throughout the Mid-Atlantic and Sun Belt regions.