ExchangeRight Hires Former Bluerock Wholesaler

ExchangeRight, a sponsor of securitized 1031 exchanges and other real estate offerings, announced it has hired Tom Purpura as a senior vice president.

Purpura will serve on the company’s broker-dealer and registered investment advisor relations team, specifically covering the Great Lakes region advisors, representatives, and investors in Arkansas, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, and Wisconsin.

“Adding Tom to our already exceptional team will help us to better serve representatives, advisors and investors in the Great Lakes region,” Warren Thomas, managing partner at ExchangeRight, said. “We are grateful to have Tom join our efforts to empower people to be secure, free and generous.”

According to LinkedIn, Purpura recently served at 1031 Exchange Consulting & Services Groups as a senior vice president. He previously worked for companies including, Clir Capital, Evolv Capital Partners, Resource Real Estate and Bluerock Real Estate, among others.

He earned bachelor’s degrees in finance and business from Walsh University in Canton, Ohio.

“ExchangeRight is well known in the alternatives industry for its perfect track record of meeting or exceeding expectations even through economic downturns,” Purpura said. “I’m looking forward to doing my part to support advisors and representatives with ExchangeRight’s unique approach of creating investments that put investors first by targeting secure capital, stable income and strategic exits.”

ExchangeRight and its affiliates’ platform has more than $5.5 billion in assets under management that are diversified across more than 1,100 properties and over 22 million square feet throughout 47 states. The company invests in net-leased properties in the necessity-based retail and healthcare industries, as well as value-add inline and outparcel retail spaces shadow-anchored by grocery tenants.

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