NEW YORK--(BUSINESS WIRE)--C-III Asset Management LLC (“C-III”), a highly rated servicer of commercial real estate loans, today announced the appointment of Barry Davis as President, effective today. A veteran of the commercial real estate industry with extensive management and loan servicing expertise, Mr. Davis has served as Chief Operating Officer of C-III since 2011. His new role coincides with Kevin Donahue’s—C-III Asset Management’s previous President—personal decision to transition into an advisory role and spend more time with his family.
“We appreciate Kevin’s many contributions to C-III since joining the firm in 2012. His leadership helped navigate the firm through an extraordinarily busy period of growth and change, and we look forward to leveraging his experience as our business and the industry continue to evolve,” said Frank Garrison, President of C-III Capital Partners. “We are fortunate to have someone of Barry’s caliber ready to seamlessly step into the role of President. I have the utmost confidence that his extensive industry experience and operational expertise will help position our business for future growth.”
Mr. Davis in conjunction with Lindsey Wright, Senior Managing Director, and Jenna Unell, General Counsel, will comprise C-III’s executive management team. With over 20 years average commercial real estate experience, the management team will continue to oversee the day-to-day activities of the business and work to ensure a seamless transition.
Mr. Davis joined C-III as a result of the firm’s acquisition of Centerline’s servicing business in 2010. Before C-III and Centerline, Mr. Davis was Chief Operating Officer of a regional multi-family developer and served as Chief Operating Officer of a commercial real estate origination business affiliated with Allied Capital. Prior to that, he worked for Banc One and successor companies for 15 years, including Orix Capital Markets, where he was responsible for overseeing business operations for its servicing operation. Earlier in his career, Mr. Davis served as Vice President for Bonnet Resources and Banc One New Hampshire Asset Management, business units responsible for managing and liquidating loans for the FDIC and RTC.
About C-III Asset Management LLC
C-III Asset Management LLC, a wholly owned subsidiary of C-III Capital Partners, is a highly rated loan servicer (primary and special) of commercial real estate loans. C-III Asset Management is the named special servicer for approximately $40 billion and the primary servicer for almost $6 billion of commercial real estate loans. C-III Asset Management is rated “Strong” for special servicing and “Above Average” for primary servicing by S&P and “CSS1” and “CPS2”, respectively, by Fitch. C-III Asset Management also has the highest ranking from Morningstar for special servicers, “MOR CS1.”