MIAMI--(BUSINESS WIRE)--Parmenter Realty Partners hires Michael G. Loftis as Managing Principal of the southwest region. Michael Loftis will be taking Steve Bronner’s previous role, and will be responsible for acquisition, disposition, development, leasing, management, and asset management in the southwest region. Steve Bronner was promoted to Vice Chairman in late 2013.
“We are excited that Mike joined and will lead our team in the southwest region,” said Darryl Parmenter, Chairman and CEO of Parmenter Realty Partners. “With over 32 years of experience in the commercial real estate, Mike is an industry veteran, and his dedication, vision and professionalism will add fundamental strengths to the Parmenter team.”
Prior to joining Parmenter, Mike was the Senior Portfolio Manager for the Americas Investment Team at Abu Dhabi Investment Authority (“ADIA”). At ADIA, Mike’s responsibilities included oversight of sourcing, planning, negotiation and execution of property acquisitions, portfolio management and dispositions for the US direct portfolio. Prior to ADIA, Mike served as President and CEO of Presidio Investments; a Dallas based limited partnership with Hunt Realty. Mike began his career in real estate at Lincoln Property Company and Woodbine Development Corporation in Dallas, Texas where he established his real estate foundation and investment acumen.
"I am very excited to join Parmenter Realty Partners at this time of tremendous growth in the southwest region," said Michael Loftis. "Parmenter is a well-respected and growing company with tremendous opportunity to expand, and with my diverse commercial real estate background I’m confident I can help the company expand on its current success.”
Parmenter Realty Partners is a real estate investment, management and development company, headquartered in Miami, Florida, with regional offices in Dallas, Atlanta and Washington, D.C. Parmenter operates a series of institutional investment funds focused on the southeast, southwest and DC Metro regions of the U.S.
For more information on this topic please contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail at MediaRelations@parmco.com.