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ExchangeRight Expands Sales Team with Hire of Veteran SVP

ExchangeRight, a sponsor of 1031 exchanges and other alternative direct investment offerings, has hired David Gunnels as a new senior vice president to oversee the external sales and marketing of the its private placement offerings for the Great Lakes region.

ExchangeRight, a sponsor of 1031 exchanges and other alternative direct investment offerings, has hired David Gunnels as a new senior vice president to oversee the external sales and marketing of the its private placement offerings for the Great Lakes region and provide additional support to the Eastern region alongside Geoff Flahardy, ExchangeRight’s director of national accounts.

Prior to joining ExchangeRight, Gunnels spent 15 years with Inland Securities Corporation and worked with Megatel Capital Investments for two years.

“We are very excited to welcome David to the team to provide enhanced support to the broker-dealers, representatives, and RIAs with whom we work across the Great Lakes and Eastern regions,” said ExchangeRight managing member, Warren Thomas.

He added, “As we continue to experience significant and growing demand for our offerings across the U.S., we want to ensure that we are expanding our team to provide dedicated service to the representatives and advisors who are entrusting their clients’ wealth to us in our 1031, REIT, and preferred equity investments.”

Gunnels has represented a range of products, from 1031-eligible real estate securities to Regulation D private placement offerings and non-traded REITs. He has been active in the industry for the past 17 years and currently maintains FINRA Series 22, 62, and 63 licenses as a registered representative of ExchangeRight Securities LLC. Gunnels received a Bachelor of Science degree in sociology from Troy University while minoring in business administration.

ExchangeRight is a privately held firm based in Pasadena, California, and together with its affiliates, has more than $2 billion in assets under management. The firm focuses on investing in net-leased assets backed by corporations that operate in the necessity-based retail and healthcare industries, and Class B/B+ value-added multifamily offerings.

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