"Stepping up at the developer, which has more than $11.7 billion in assets and more than 21,000 residential units completed or under construction, will be Related executives Gino Canori and Ann Silverberg, both San Francisco based. Canori, the company's president, will retain that title and add the role of CEO for its market-rate and mixed-income division. Silverberg, who leads affordable housing development in Related California's Northern California and Northwest divisions as its CEO, will become president and CEO of the firm's entire affordable division."
"Witte, 74, formed a financial partnership with Steve Ross' Related Companies to develop affordable housing, creating Related California in 1989. Witte has led the firm since. He will become chairman emeritus of the Irvine-based company, the West Coast affiliate of Related Companies. His brother Matt Witte, executive vice president of acquisitions and development, and Bill's son, Nick Witte, vice president of development for Related California, will remain at the firm."
Bill Witte, 74, will exit his CEO role at Related California and assume the title of chairman emeritus effective Jan. 1. Gino Canori will remain president and add CEO responsibilities for the market-rate and mixed-income division. Ann Silverberg will become president and CEO of the firm's entire affordable housing division, overseeing Northern California and Northwest operations. Related California holds more than $11.7 billion in assets and over 21,000 residential units completed or under construction. Canori currently oversees a $10 billion pipeline including more than 7,000 multifamily and senior units and over 5 million square feet of commercial space.
Read at therealdeal.com
Unable to calculate read time
Collection
[
|
...
]