Banner Real Estate Group is pleased to announce the appointment of Bob Flannery, a long-time commercial real estate executive, as its new Chief Executive Officer. He takes over this position following the planned retirement of Banner’s most recent CEO, Kent McCreedy.
Bob will focus on leveraging the track record of success of Banner Real Estate Group and/or its affiliated entity(ies) (“Banner”) to foster growth in Banner’s established, national self-storage and multifamily platforms. Portfolio growth will come from new developments and acquisitions, along with expanding Banner’s capital partner relationships and structuring new joint-venture opportunities. Additionally, he will collaborate with Banner’s senior leadership team to ensure the firm’s people, culture, and reputation continue to be among the best in the industry while implementing Banner’s long-term strategic plan for expansion.
Co-founder and Chairman of the Board of Directors, Milt Pinsky, shared: “The Board of Directors is thrilled to have Bob take the helm at Banner. He has excellent management skills, expertise, and a successful track record in growing real estate platforms. We believe Bob will further Banner’s mission to achieve superior returns for our partners and owners and that this is best accomplished by acting with integrity, appreciating and respecting our employees, building quality relationships with all our partners, and seeking excellence in all we do.”
Bob comes to Banner with nearly 30 years of experience in real estate operations and finance. Most recently, he served as Managing Director, Head of Redwood Residential and Operations for EQT Exeter, the successor firm to Redwood Capital Group, which operates the Redwood Residential business where Bob was also President. During his time with EQT Exeter/Redwood, he was active in the firm’s strategic growth initiatives and capital-raising efforts. He oversaw all operational aspects of the multifamily business, including asset and portfolio management and construction management, and improving the firm’s business operations.
“Banner’s business is built around high-quality relationships with both internal and external stakeholders. My goal is to build upon and grow these relationships, while also growing our real estate investments through a realistic and highly calculated lens, especially given the current economic and investment market conditions. I look forward to working with this talented team to further our exciting objectives”, said Bob.