Marcus & Millichap Appoints New CEO
National brokerage firm Marcus & Millichap, Inc.’s board of directors promoted Hessam Nadji, its current senior executive vice president, to the role of CEO. The appointment comes after it was announced that current CEO John Kerin will retire March 31.
Nadji joined Marcus & Millichap in 1996, most recently serving as chief strategy officer in 2013 and assuming the role of senior executive vice president in May 2015. Before his time at Marcus & Millichap, Nadji was senior vice president at Grubb & Ellis.
“I am honored to lead our firm into its next phase of growth and innovation,” Nadji said in a statement. “I am grateful to John for his mentorship through the years, and I am excited about the future and the collective opportunity to work closely with our board and our talented team in further strengthening our company’s market position and driving shareholder value.”
After his retirement, Kerin will serve as a senior advisor to the company, providing consulting services.
KeyBank Announces New Head of Marketing
KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp (NYSE: KEY), announced the appointment of Kevin Murray to lead marketing efforts for the health care finance group.
In his new role, Murray will be responsible for implementing growth strategies and managing a team of senior bankers, which provides health care financing for senior housing providers, skilled nursing facilities and health care real estate investment trusts (REITs). This includes working capital financing, acquisition, development and permanent mortgage financing.
Murray has worked with KeyBank for 18 years, most recently serving as regional executive in KeyBank’s institutional real estate group.
“Kevin has earned the respect of his peers at KeyBank and across the industry through his exceptional leadership and deep commercial real estate knowledge,” Jim McLaughlin, head of the health care finance group and co-head of the institutional real estate group, said in a statement. “Throughout his tenure at Key, Kevin has taken on increased responsibility, helping his team achieve long-term success. We are confident that he will continue to grow the business.”
Lancaster Pollard Promotes New Senior Vice President
Lancaster Pollard, a financial services firm that helps health care, senior living and housing providers with financial advice and financing solutions, promoted Chris Blanda to senior vice president.
In his role, Blanda is responsible for providing debt capital solutions to health care and senior living clients in Indiana and Kentucky. He joined the firm in 2009 and has since been a key part of bringing to market various financing structures totaling more than $1.2 billion. He was named Lancaster Pollard’s health care banker of the year in 2014.
Prior to joining the Lancaster Pollard team, Blanda worked as an associate at Citi Global Transaction Services, a division of Citi providing financial services to the hedge fund and private equity industry.
“Chris has been one of our most successful bankers the last few years and his promotion is well deserved,” Steve Kennedy, senior managing director at Lancaster Pollard, said in a statement. “He has established a great reputation because of his ability to provide cost-effective, creative financing solutions. Further, he has become particularly adept at executing our at-risk platform, which includes our bridge financing and equity investment options.”
Aegis Living Names New Board Manager
Senior living provider Aegis Living appointed Richard Tait to its board of managers.
Tait is most known as the co-creator of Cranium, one of the fastest-selling board games in the world. He joins three other managers on the board, as well as two board observers.
“I see what CEO and Founder Dwayne Clark is doing at Aegis Living in his effort to energize the brain and bring joy and enrichment to residents,” Tait said in a statement. “It is reflective of my goals when I first came up with Cranium. The goal was to make people feel smart and bring them joy. So when Dwayne asked me to join the board, I felt undeserving, privileged and honored.”
Tait began his career at Microsoft in 1992. He co-founded Cranium in 1996 and later worked with Starbucks CEO Howard Schultz to implement a company-wide effort to bring healthier options to stores. Most recently, he founded Boom Boom brands, a consumer product incubator that cofounded and launched energy drink Golazo Natural Sports Fuel, among other products.
“Richard’s not only ‘uber’ smart, but he comes from enterprising companies with accelerated growth,” Clark said. “I started Aegis Living based upon a belief that we could bring new ideas, innovations and a higher level of care to residents to define the next generation of senior living. …Many people we have at Aegis Living come to us from industries outside assisted living, bringing deep expertise in customer service, quality and leadership, which helps us keep progressing our industry.”
EPOCH Senior Living Welcomes New Wellness Director
EPOCH Senior Living welcomed Melissa Morgado as the new wellness director at Bridges by EPOCH at Mashpee, a 54-suite memory care and assisted living community located in Mashpee, Massachusetts.
As wellness director, Morgado will lead the Bridges wellness team of licensed nurses and certified nursing assistants as they provide care for residents with memory impairment. She brings 30 years of professional experience as a nurse and memory care experience to the position. She previously served as a resident care director at another assisted living director.
“I’m thrilled to be part of the Bridges by EPOCH team,” Morgado said in a statement. “I love working together with seniors and their families to develop personalized care plans that will allow—and encourage—each resident to safely participate in the daily activities and events that they enjoy.”
Oak Crest Promotes New Executive Director
Oak Crest, an Erickson Living retirement community located in Markville, Maryland, promoted Mark Roussey to executive director.
Roussey brings more than 25 years of business development and customer service experience to his new role. He served as the associate executive director of Oak Crest since 2011, and before that, he helped build Allegis Group into one of the largest technical staffing companies in the world. He also launched an IT services firm, worked as director of talent acquisition with Proteus Technologies and served on staff at Mountain Christian Church in Fallston, Maryland.
As executive director at Oak Crest, Roussey will be responsible for the oversight of daily operations of the 87-acre campus, which includes independent living and continuing care neighborhoods.
“Anyone who knows Mark realizes that he is a wonderful person who care deeply about our residents and employees,” Chip Warner, Erickson Living’s vice president of regional operations, said in a statement. “With Mark’s proven leadership, Oak Crest is well positioned as it celebrates 21 years of serving its residents and prepares to invest further in technology enhancements and health and wellness programming. It is a privilege to have Mark as our partner.”
Written by Kourtney Liepelt