USAA Real Estate Co. hired Thomas V. Bermingham as managing director of investments. He is based in the firm’s new northeast regional branch in New York City. Bermingham will supervise the office’s acquisition, development and joint venture opportunities.
The industry veteran has more than three decades of commercial real estate experience. Bermingham previously worked as a senior vice president at Patrinely Group, an affiliate of Crimson Real Estate Fund LP (CREF), which USAA Real Estate is an investor. He led its acquisition team and supervised development in the Northeast.
Bermingham also spent 11 years as a senior executive for Insignia Financial Group, later purchased by CBRE, managing the company’s New Jersey office before overseeing all international corporate services between the U.S. and Europe from London.
USAA Real Estate, a subsidiary of USAA, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The San Antonio-based company serves military families and has approximately $12 billion in assets under management.