Page 26 - RE-NJ

24 WINTER 2024
as it scales its operations throughout
the Northeast, Southeast and
Midwest.
Green is a former chief operating
offi cer for a
large family
offi ce, where
he managed
multiple
divisions with
more than
$100 million
in activity,
Stuart Green
including real
estate development and strategy,
according to a news release. Prior to
that, he was the director of fi nance
for Ladder Capital and the chief
investment offi cer for Denholtz
Properties.
“As we continue to pursue additional
ventures throughout the country,
Stuart’s structured fi nance,
institutional-level investor relations
and deal-striking background
will ensure we’re positioned for
success in an evolving market,” said
Lou Reynolds, founder and CEO
of Reynolds Asset Management.
“Stuart’s vision and insight will
be invaluable as we continue to
expand and navigate the commercial
real estate and capital markets
landscape.”
SPENCER PROMOTES
CLAISSE TO E.V.P.,
LENDING CHIEF
Spencer Savings Bank has tapped
Michael Claisse as its executive vice
president and chief lending offi cer,
elevating him from his post as
director of commercial real estate
lending.
The Elmwood Park-based bank
said Claisse,
who joined its
team in 2018,
has managed
its commercial
real estate
department and
was responsible
for growing
Michael Claisse
the portfolio
while maintaining credit quality.
In his new role, he will assume
leadership responsibilities across
all residential, consumer and
commercial lending areas as well
as oversee the loan portfolio
management and loan operation
functions.
“Michael has been an essential
member of the Spencer Savings
Bank team since he joined the
bank in 2018,” said Jose Guerrero,
chairman and CEO. “His proven
leadership, expertise in lending and
commitment to customer excellence
will continue to drive our company’s
future success. His promotion
refl ects the signifi cant contributions
he has made to the growth of
the bank. We look forward to his
partnership with the executive team
as we all work together to fi nd the
very best fi nancing solutions for our
customers.”
Claisse, who has more than 30 years
of industry experience, has a strong
background in real estate equity
and fi nance products, according to
a news release. He has held several
prior senior positions and real
estate fi nance roles at both public
and mutual banks and is frequently
a speaker and panelist at national
lending conferences and seminars.
EICKMEYER
PROMOTED TO
LARKEN C.I.O.
Larken Associates has promoted
David Eickmeyer to chief
investment offi cer, touting his role
in supporting the fi rm’s growing
portfolio of commercial and
multifamily properties.
In his new post, Eickmeyer will
oversee the company’s short- and
long-term investment strategies
while collaborating closely with its
executive team, driving operational
effi ciency and identifying value-add
opportunities across the portfolio,
according to a news release. He’ll
also continue to lead commercial
asset management operations,
company-wide budget planning and
insurance and risk management
practices.
Eickmeyer joined the Branchburg-
based team in 2017, Larken said,
citing his role in asset management,
internal processes and fostering
a shared vision of success among
its 164 employees. Its holdings
include some 4 million square feet
of commercial space and 2,500
residential units.
“Throughout David’s tenure with
Larken Associates, his leadership,
vision and tireless dedication have
been instrumental in building
an asset management platform
designed for success in today’s
complex commercial real estate
landscape,” said David Gardner,
the fi rm’s CEO and president. “We
congratulate David on this well-
deserved promotion which will
enable him to continue shaping the
direction of our fi rm for years to
come.”
Before joining Larken Associates,
Eickmeyer held asset management
roles at American Continental
Properties,
Thor Equities,
Cushman &
Wakefi eld and
UBS. He earned
his MBA from
New York
University’s
Stern School of
David Eickmeyer
Business and
a bachelor’s in real estate, fi nance
and economics from Penn State
University.
“For nearly 60 years, Larken
Associates has set the gold standard
in residential and commercial
development, ownership and asset
management,” Eickmeyer said. “I’m
honored to have contributed to
building this reputation, and I look
forward to continuing to support
our growth in my new role.”
SITEX’S KAPLAN
NAMED SENIOR VICE
PRESIDENT
Sitex Group has promoted Jackson
Kaplan to senior vice president,
citing his role in its investment
activities and in growing its portfolio
outside New Jersey.
Kaplan, who has been with the
Englewood-based fi rm since 2020,
has closed more than $1 billion in
real estate transactions and some
$500 million in bridge and permanent
fi nancing during his tenure. In his
new role, he’ll continue to lead
Sitex’s direct equity investments
across Florida’s industrial markets,
as well as its debt investment
platform.
He most recently was a vice
president with the industrial real
estate developer and investor.
“Jackson has been an integral
member of our team since joining as
an associate,”
said Zach
McHugh, a
principal with
Sitex. “Beyond
his primary
investment
responsibilities,
Jackson has
Jackson Kaplan
played a
crucial role in portfolio and asset
management and consistently
demonstrates a commitment to
Sitex’s success. We are excited for
Jackson to continue contributing to
the fi rm as we evolve and grow.”
Kaplan’s more than $1 billion in deal
volume has spanned 25 acquisitions,
Sitex said, while noting that the
fi rm’s fi nancing activity has included
everything from banks and debt
funds to insurance companies
and commercial mortgage-backed
securities transactions. Prior to
joining the fi rm, he worked at North
Park Ventures in Chicago, where
he evaluated more than 20 million
square feet of opportunistic, value-
add and core-plus multifamily and
mixed-use investments across the
U.S.
He holds a bachelor’s from Colorado
College and is actively involved
in the commercial real estate
community as a member of NAIOP
and the Urban Land Institute. In
addition, Kaplan currently serves
on UJA’s Real Estate Executives
Committee. RE
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