From left: William Ryan and Daniel Reeves have joined Axria as chief financial officer and development engineering manager, respectively, supporting the team led by CEO Chandra Mandalapu. — Courtesy: Axria
By Joshua Burd
Real estate firm Axria has made two key additions, hiring Daniel Reeves as a development engineering manager and William Ryan as chief financial officer.
The developer, which is based in Piscataway, said Reeves joined its team in July with more than 16 years of experience in civil consulting and land development. Before joining Axria, he held project management roles at Bohler Engineering and Dresdner Robin, where he oversaw a diverse portfolio of residential, commercial, industrial, senior living and mixed-use projects.
At Axria, Reeves will focus on building a more robust real estate development practice, applying value engineering principles into design and ensuring each project is executed with precision, according to a news release. The firm touted his deep expertise in site design, stormwater management, permitting and infrastructure planning, adding that he brings technical rigor and practical problem-solving that will strengthen its ability to deliver efficient, sustainable developments across asset classes.
Ryan, for his part, brings more than 15 years of finance and accounting expertise, specializing in commercial real estate, the news release said. He most recently served as vice president of asset management at Denholtz, where he created and led the firm’s asset management department, overseeing a portfolio exceeding $1 billion in industrial and multifamily assets.
Axria added that Ryan began his career with CohnReznick and Ernst & Young, advising real estate and construction clients. He has been a licensed CPA since 2014 and holds both a bachelor’s in accounting and an MBA from Monmouth University’s Leon Hess School of Business.
As CFO, he leads Axria’s financial strategy, capital planning and reporting functions, ensuring disciplined execution from acquisitions and financing to asset management and dispositions, the news release said. Ryan will focus on streamlining operations and building out reporting frameworks that prepare the company for continued growth and investor confidence.
“At Axria, we are excited to welcome both Daniel Reeves and William Ryan to our team,” the company said in a statement. “Daniel’s technical expertise and hands-on development experience strengthen our ability to execute complex projects, while William’s financial leadership and strategic insight ensure we remain well-positioned for disciplined growth. Together, they reflect the caliber of talent driving Axria’s mission to deliver long-term value for investors while enhancing the communities where we build.”
Founded through the merger of Anthony Mazzucca’s Blackpoint Group and Chandra Mandalapu’s Sigma Construction, Axria has delivered more than 100 projects in the region. The firm to date has more than $1.2 billion in completed developments, $160 million in assets under management and a current pipeline of $800 million.
“Daniel brings the expertise to value engineer projects in ways that maximize yield, and William’s financial discipline complements this with a structure built for scale,” said Mandalapu, the company’s CEO. “At Axria, we have a strong development plan in place and the right professionals to execute both today’s opportunities and tomorrow’s vision.”
