ValueRock Realty Partners Adds To Investment and Development Team with Key Hires
IRVINE, CALIF. – June 11, 2014 – (RealEstateRama) — ValueRock Realty Partners, a vertically-integrated real estate investment and operating company, is growing its investment and development leadership. The firm has added Dennis Vaccaro as senior vice president, investments; Patrick Cox as managing director and chief development officer; and Chad Owens as vice president of finance operations.
Dennis Vaccaro leads development of the investment strategy and acquisitions and dispositions for the investment division of ValueRock Realty Partners. He brings more than 20 years of hands-on experience in retail and mixed-use commercial property investment, and has completed in excess of $3 billion in transactions over the span of his career. Vaccaro has spent the majority of his career providing high-level advisory expertise in acquisitions and dispositions that cover a broad range of retail categories including anchored, non-anchored retail, mixed-use, single-tenant retail, sale leasebacks, and retail portfolio assets located across the nation.
Patrick Cox is responsible for value-add strategy, leasing and construction of development and redevelopment opportunities as well as redevelopment of existing shopping center properties within the firm’s extensive portfolio, building on his background. Before joining ValueRock, Cox served as senior vice president and partner of commercial development for a division of Steadfast Companies where he managed all facets of the firm’s commercial real estate portfolio. Throughout his 15-year tenure at the firm, he was an integral part of building the commercial platform amassing in excess of five million square feet of commercial real estate throughout the Western US, including ownership/operation of a retail collection of assets consisting of regional malls, power centers and community shopping centers.
Chad Owens now leads the firm’s due diligence process on all transactions as well as financing activities for both property acquisitions and refinances. Owens also plays a key role in the development of investment strategies, and oversees all property underwriting responsibilities. He brings more than 15 years of commercial real estate experience in acquisitions, dispositions, development, and refinancing with experience in a variety of commercial real estate asset classes, including retail, multifamily, hospitality, and master planned developments. Previously he served as vice president of operations with a market leading retail advisory and brokerage services firm and as a finance manager for a privately held multifamily investment and management company.
“I am excited about the opportunity to join ValueRock and its senior leadership. The firm is comprised of a strong bench of highly-experienced real estate professionals with a uniquely significant focus on its culture and values. I look forward to bringing my experience to the team and helping ValueRock continue to grow,” said Vaccaro.
“We are building key areas of our firm, especially our investment division. Dennis, Patrick and Chad will be important drivers in building our portfolio and ensuring that our value add and core focus is enhanced,” noted David Lee, chairman and CEO, ValueRock Realty Partners. “These individuals all exemplify the foundation of ValueRock which is built on strength of integrity and expertise.”
About ValueRock Realty Partners
ValueRock Realty Partners is a vertically-integrated real estate company. The firm currently owns over two million square feet of retail and mixed-use property located throughout the Western U.S. and Hawaii. ValueRock Realty Partners’ operating platform is comprised of expertise in the following areas: investment management, private equity, acquisitions, asset management, leasing expertise, design and development. Due to the depth of the ValueRock team, the firm is positioned to invest in and operate all major property types. The firm’s principals have directly invested in and operated a diverse spectrum of property types in numerous markets over the past two decades and been involved with more than $20 billion dollars of transactions. For more information on ValueRock Realty Partners, visit www.valuerockrealty.com.
