Dermody Properties announced that senior leadership member, Tim Walsh, has been promoted to the role of chief investment officer at the company. He is based out of the firm’s Chicago office.
“We are excited to have Tim in this enhanced role,” said Douglas A. Kiersey, Jr., president of Dermody Properties. “He has been a key player in our investment efforts and strategic growth. We will benefit from his expertise as we further our investments on a nationwide scale.”
His enhanced role includes overseeing all origination activities, such as acquisitions, development and build-to-suit projects. His primary focus will be working with Dermody Properties’ national team of regional partners to identify and target the best value-add industrial investment opportunities available for Dermody Properties Industrial Fund II, LP (DPIF II), the company’s fully discretionary investment fund.
Walsh will utilize his extensive experience in fund management to guide portfolio construction decisions, influence asset management choices and ultimately make recommendations on the timing of dispositions. His additional duties include overseeing and promoting consistency in the company’s due diligence and closing processes. Walsh has been a member of the executive and investment committees at Reno, Nevada-based Dermody Properties since 2016.
“I am honored to be entrusted with these expanded responsibilities,” Walsh said. “I look forward to working with the team to build on the excellent results we have generated for our investors in the past as we work to successfully deploy DPIF II.”
Before assuming the position of chief investment officer, Walsh held the position of chief acquisition officer at Dermody Properties, overseeing all of the company’s value add acquisition efforts. Prior to that, Walsh was the core portfolio manager for Exeter Property Group. He has more than 30 years of experience in real estate and fund management with a primary focus in the industrial and logistics sector.