Matthew Beverly has joined the Chicago office of Cullinan Properties as chief executive officer for the company.
He succeeds Christopher West, a partner in the company, who will transition from CEO to Sr. Advisor/Partner for Cullinan Properties. Cullinan Properties, Ltd. is a national provider of real estate services specializing in commercial and mixed-use developments and acquisitions.
Beverly has served in numerous senior leadership roles during his 20-year career in commercial real estate. He joins Cullinan Properties from Retail Properties of America, Inc., his employer since 2014, where he most recently served as RPAI’s President, East Division, overseeing the Leasing, Asset Management, Property Management, Development, Marketing and Tenant Coordination groups.
Beverly’s portfolio consisted of 8 million square feet of mixed-use real estate, which produced $130 million of net operating income. Beverly also oversaw ongoing development within the division, which totaled $450 million, with a development pipeline of approximately $600 million of future spend.
Beverly joined RPAI from General Growth Properties, Inc., where he served as Vice President, Investments since 2008. At GGP, he closed more than $4.7 billion of investment activity, which included the dispositions of non-core properties and the acquisitions of new shopping centers, urban retail properties, and joint venture ownership interests. Beverly started at GGP in 2002 with the international group, where he helped lead the company’s international investment activity and provided on-going asset management to GGP’s international holdings.
