Young Apartment REIT Monogram Residential Names New CFO

Plano, TX-based multifamily REIT Monogram Residential Trust (NYSE: MORE) has selected Dan Swanstrom as executive vice president and CFO-elect, efficient Oct. 26.

Swanstrom, who concerns Monogram from Morgen Stanley, prospers Howard Garfield, who will continue to be with the company as senior vice president and primary accounting officer, and will certainly function as CFO through the filing of the business’s 10-Q for the 3rd quarter.

“With his substantial investment banking experience, Dan brings a deep understanding of capital markets, strategic deals, and business financing,” stated Mark T. Alfieri, ceo, president and COO. “Having actually recommended the business on its listing on the NYSE, Dan joins us well versed on our profile and method and will certainly add extra depth to our management group.”

Alfieri went on to state that Monogram is “grateful to Howard for his 6 years of service as primary financial officer of the business and management through the listing procedure,” and “happy that Howard will certainly continue with Monogram in an essential role, working carefully with Dan throughout and after the shift.”

Swanstrom spent 9 years at Morgan Stanley, most recently serving as executive director in the Realty Financial investment Banking Group. Throughout his tenure, Swanstrom has handled the execution of public and personal capital raises and mergers and acquisitions in unwanted of $25 billion.

“With its young portfolio of top quality apartment or condo neighborhoods and its substantial growth trajectory, this is an interesting time to be joining Monogram,” Swanstrom said.

Monogram, which split off from Behringer Harvard and went public in November 2014, has $3.2 billion in possessions, consisting of 54 luxury apartment communities totaling 15,421 units in markets around the country in 11 states consisting of Dallas, Houston, San Francisco, Miami, Denver and Atlanta.

Leave a Reply

Your email address will not be published. Required fields are marked *