Parmenter Realty Partners tapped Michael Loftis to succeed Steve Bronner as managing principal of the southwest region. Bronner was promoted to vice chairman in late 2013.
In his new role, Loftis will oversee acquisitions, dispositions, developments, leasing, management and asset management throughout the southwest U.S.
A 32-year industry veteran, Loftis began his career at Lincoln Property Co. and Woodbine Development. He later served as president and CEO of Presidio Investments and, most recently, as the senior portfolio manager for the Americas investment team at Abu Dhabi Investment Authority (ADIA). His responsibilities at ADIA included overseeing sourcing, planning, negotiating and executing property acquisitions, portfolio management and dispositions for the U.S. direct portfolio.
Headquartered in Miami, FL, Parmenter is a real estate investment, management and development company operating a series of institutional investment funds focused on the southeast, southwest and DC Metro regions of the U.S.