Preferred Capital Securities LLC, the dealer manager for Preferred Apartment Communities Inc. (NYSE: APTS), has hired Rian Kearny as regional vice president for Southern California and Matt Calabrese as regional vice president for the firm’s new Los Angeles region.
“We are proud to be expanding our sales team to deepen existing relationships and cultivate new ones on the West Coast,” said chief executive officer Al Haworth. “At a time when the regulatory landscape remains rocky, we are grateful to be positioned for strategic growth.”
Calabrese will serve as regional vice president of the firm’s new Los Angeles region, and will be supported by associate vice president Michael Garrison.
Calabrese has more than 15 years of financial industry experience and spent the past five years supporting Bluerock’s Southern California region as an internal wholesaler. During his time at Bluerock, Calabrese was named internal wholesaler of the year for 2017 and over the past two years, his territory was consistently the top territory ranked by production.
Prior to Bluerock, he worked as senior AVP for Steadfast Capital Markets and internal wholesaler for Waveland Capital Partners. A former Marine, Matt earned a degree from Westwood College in Denver and holds FINRA Series 7, 22 and 63 registrations.
Kearney joins the team as regional vice president of the firm’s Southern California region and will also be supported by Garrison. He has more than 18 years of industry experience and spent seven years as a senior regional vice president with NorthStar Securities, covering Southern Los Angeles to San Diego, the Palm Desert area, and Hawaii. The company noted that Kearney was consistently ranked as a top tier wholesaler for meeting or exceeding his production goals.
Prior to NorthStar, Kearney served as regional vice president for Welton Street Investments, internal wholesaler for Dividend Capital Securities, and internal wholesaler for American Skandia, a subsidiary of Prudential Financial.
He earned a bachelor’s degree in speech communication with an emphasis in business and professional speaking from Colorado State University in Fort Collins, and holds FINRA Series 6, 7, 24, 26, 63 and 65 registrations.
Preferred Apartment Communities, which has more than $3 billion in assets under management, acquires and operates multifamily communities in select target markets throughout the United States. PAC may also make real estate loan investments in multifamily communities and other multifamily related assets, such as off-campus student housing communities. The company may also invest a portion of its assets in other income-producing property types, such as grocery-anchored shopping centers and office properties.