By Joshua Burd
The Solomon Organization has named a new chief operating officer, filling a role held by an executive who has retired after nearly four decades with the firm.
The Summit-based company, which owns and operates more than 70 properties across nine states, said Daniel McInerney will be responsible for overseeing senior management and day-to-day operations. He comes to Solomon from Midwood Investment & Development, where he was an executive vice president overseeing asset management and operations for the firm’s portfolio of commercial and multifamily properties.
McInerney’s arrival follows longtime COO Marshall Rosen’s retirement after 38 years at the company, according to a news release. Under Rosen’s leadership, The Solomon Organization increased its holdings to more than 21,000 multifamily units.
“The addition of Daniel McInerney is a continuation of our commitment to recruiting and retaining high-performing executives to operate our expanding portfolio,” said Zach Solomon, principal of The Solomon Organization. “Dan’s experience will be vital to running our daily operations and provide valuable leadership at all levels of the company.”
In a news release, the firm noted that it structures its senior staff around its four regional operations in the Northeast, Southeast, Midwest and Upper Midwest. With guidance from principals Solomon and Andrew Rosen, McInerney will support those regions in multiple capacities including asset management, marketing, finance, accounting, legal and construction supervision.
“Marshall played a key part in the growth of Solomon for nearly four decades and securing our reputation as a best-of-class, vertically integrated real estate investor and operator within the residential rental industry,” Rosen said. “Dan will continue to build on Marshall’s exemplary career here at Solomon.”
Prior to joining Midwood, McInerney served as a senior vice president for asset management for Taconic Partners, the news release said. Before Taconic, he held various roles in well-known real estate companies in the New York region.
“I am honored and incredibly excited to take on this new challenge at Solomon,” McInerney said. “The team that Marshall and the leadership built at Solomon is second to none, and I look forward to working for a high performing company that puts its people first.”