Cleveland’s Chase Properties, a private real estate investment firm, hired Steven Jones as senior vice president responsible for multifamily and industrial investments, a new position.
Chase Properties operates more than 7 million square feet of real estate across 35 shopping center locations in 18 states.
While Chase Properties remains committed to its core, long-term focus on shopping centers, the firm has also begun to expand its portfolio by acquiring properties in the multi-family and industrial segments of the real estate market. Its first entries in this space were a 225-unit multifamily asset in St. Charles, Missouri, and a 55,000-square-foot cold storage and distribution center in Solon, Ohio. Jones will lead acquisitions for the firm’s new multifamily and industrial investment strategy and manage the portfolio as it grows.
Before joining Chase Properties, Jones was head of multifamily acquisitions for Benefit Street Partners, a subsidiary of Franklin Templeton that manages $27 billion in private debt, structured credit, high yield credit and commercial real estate. Before that, he was a development and acquisitions associate for Lincoln Property Company, the international real estate firm currently managing more than 212,000 multifamily units.
Jones started his career with Starwood Capital Group, where he managed a $1 billion apartment portfolio with properties across the United States.