Commercial real estate veteran John Black has joined Lee & Associates | Maryland, a full-service commercial real estate brokerage firm based in Columbia, Maryland as Executive Vice President, Capital Advisory. Black brings more than 35 years of commercial real estate finance and investment experience to the company and, throughout his career, he has executed hundreds of transactions with a market value exceeding several billion dollars. He was formerly President of MacKenzie Capital.
In his new role with Lee & Associates, Black will be responsible for structuring and executing financing vehicles necessary to complete property acquisition and development projects, as well as refinancing and recapitalizations, on a national scale. He will work directly with the more than 80 Lee & Associates affiliate offices situated around the country, with specific collaboration with the groupâs New York City location. The Capital Advisory group will handle the debt, equity, and project financing needs for a wide range of assets including commercial office, retail and industrial/warehouse building; multifamily communities; and specialty assets including data centers, hotels, self-storage units, student housing, and marinas.
âAttracting a commercial real estate professional with the stature, deep business relationships, and expertise as John represents a significant win for the entire Lee & Associates network of affiliates and his presence substantially elevates the level of support we can provide to our clients both regionally and nationally,â stated Allan Riorda, SIOR, President, Lee & Associates | Maryland. âThe timing of this hire is particularly important because we believe elevated interest rates has negatively impacted transactional volume and created pent-up demand among both buyers and sellers of real estate. With interest rates dropping, we predict an extremely active investment sales environment occurring in the near future.â
âLee & Associates represents the perfect platform for me to leverage my commercial real estate experience and relationships and make an impact in high growth markets,â Black said. âThe plan is to continue pursuing opportunities in the Mid-Atlantic region, but also extend into the southeast where significant activity is occurring in markets such as Charleston, Greensboro, and Raleigh. I was particularly attracted by the prospect of collaborating with professionals which are tuned into local market conditions and involved with significant projects and players in the real estate industry.â
âJohn Black is a highly-respected and consummate real estate professional who represents the ideal candidate to augment our growing local team and significantly expand our capital markets capabilities in the Mid-Atlantic region and nationally,â stated Ben Tapper, Executive Managing Director, Director of National Investment Services Group in Lee & Associatesâ New York City offices. Â âWe are extremely fortunate to have his extensive experience and perspectives in our organization.â
Throughout his career, Black also worked for Draper & Kramer Realty Advisors, AFL-CIO Building Investment Trust, MHI Hotels and Maryland National Bank. He earned a Bachelor of Arts degree in Economics from Washington & Lee University.
Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee offices offer a broad array of real estate services tailored to meet the needs of the companyâs clients in each of the markets it serves. They include commercial real estate brokerage, property management, valuation, asset management, and finance. https://www.lee-associates.com/offices/office/?id=1591.
