BEVERLY, Mass.--(BUSINESS WIRE)--Brookwood Financial Partners, LLC (“Brookwood”), a leading real estate investment and asset management company, today announced that Jennifer J. Barrett has joined the firm as the Asset Manager of the firm’s newly acquired portfolio of office buildings in suburban Philadelphia and Allentown, Pennsylvania. The portfolio is comprised of 29 buildings and contains approximately 1.6 million square feet of office and office/flex space. 18 of the properties are in three sub-portfolios in Fort Washington, Horsham and Bucks County and 11 properties are located in the Lehigh Valley. Ms. Barrett will have overall responsibility for leasing, property management, construction management, budgeting and financial analysis of the portfolio and will manage all property management and building engineer personnel in the region.
“Jennifer brings a wealth of real estate experience and specific market knowledge to Brookwood’s asset management team, and has a terrific understanding of the suburban Philadelphia office market,” stated Kurt M. Zernich, Brookwood’s Director of Asset Management. “We plan to invest over $7 million in capital improvements throughout the portfolio and we are confident that Jennifer will effectively manage these projects, lease-up vacant space and position properties for sale after their respective business plans have been completed.”
Prior to joining Brookwood, Ms. Barrett was a Development Manager for Liberty Property Trust where she underwrote a $1.2 billion, 59-story mixed-use commercial office building and Four Seasons hotel in Center City, Philadelphia. Ms. Barrett was also responsible for the design and development of a 75,000 square foot, flex building in the Philadelphia Navy Yard and helped execute a lease for 100% of the building prior to ground-breaking. Previously, Ms. Barrett was the Senior Director of Leasing and Development for Liberty Property Trust where she was the Asset Manager for a 3.5 million square foot portfolio of office and flex buildings.
Ms. Barrett is a graduate of Temple University and holds an MBA from Villanova University. She is also a Certified Commercial Investment Member (CCIM) and holds a Pennsylvania Real Estate Salesperson License.
About Brookwood Financial Partners, LLC – Brookwood is a Massachusetts-based private investment firm founded in 1993 that specializes in acquiring and managing commercial real estate and corporate securities on behalf of a select group of institutional and high net worth investors, family offices and trusts. Since its inception, Brookwood has invested over $780 million of equity to acquire a portfolio of 187 assets with a realized and unrealized value in excess of $2.2 billion that has spanned multiple asset classes, geographical markets and industries across the United States.