Marquette Cos. has reorganized its leadership team with two promotions and a new chief financial officer, according to a press release shared with Multifamily Dive.
Trevor Ryan has been named partner and president of Naperville, Illinois-based multifamily developer and property manager Marquette Cos., while Jim Cunningham is now partner and president of Marquette Management, the company’s operations arm. Ryan, son of Marquette founder and executive chairman Nick Ryan, has over 20 years of experience at Marquette, most recently as CFO and executive vice president, while Cunningham has been the company’s chief operating officer since 2011.
In his new role, Ryan will focus on overall organizational strategy. Cunningham will continue to accelerate the adoption of artificial intelligence and other technologies within Marquette’s property management platform, as well as support its value-add strategies, according to the release.
Jason Tennenbaum is joining Marquette as its new CFO following Ryan’s promotion out of the role. He brings over 20 years of real estate investment, development and financial strategy experience to the company, with executive roles at Dallas-based Lloyd Jones, Chicago-based CityPads and Chicago-based Winmor Capital Group under his belt.
In his new position, Tennenbaum will oversee finance operations, including accounting, investor relations, debt and equity structuring, and fund management.
“This new leadership structure is part of a very carefully conceived growth plan that prepares Marquette to continue as one of the multifamily industry’s top leaders in development, investment and property management,” Ryan said in the release. “With Jim continuing to helm our outstanding property management operations and Jason bringing his institutional expertise to the firm’s financial strategy, we are well-positioned to capitalize on the next upswing in the multifamily investment cycle.”
Marquette Cos., which has more than 15,000 apartments under management across Florida, Texas and the Midwest, intends to focus on growth of assets under management in 2025 through value-add acquisitions in submarkets with favorable fundamentals, according to the release. It is also on track to deliver and lease up The Sylvan, a new build-to-rent community in The Woodlands, Texas, and Tempo at White Oak, a mixed-use development in Houston.
“We are continually growing our portfolio, which includes communities we own and have developed, as well as third-party assignments we have been able to compete for based on our track record of supporting investment goals through operational efficiency,” Cunningham said in the release.
