CHICAGO, IL – February 15, 2019 – Magnolia Capital, a data-driven, tech-enabled real estate investment firm focused on U.S. multifamily investments, announced today that Brian Rahmandar has been promoted to Managing Director of Finance.
In his new role, Rahmandar will be responsible for the company’s accounting, cash management, insurance, and debt functions as well as oversight of the IT and HR departments within the firm.
Rahmandar joined Magnolia Capital in September 2017 as Director of Finance, and played a key role in closing numerous multifamily acquisitions as well as the firm’s successful first disposition, totaling $750M in gross value. With over 14 years of financial experience, Rahmandar previously served as an auditor for RSM’s Dallas office, and managed the accounting, analysis and reporting on commercial office and retail investments for The Lionstone Group.
“Magnolia is the company I have been looking for my entire career,” says Rahmandar. “Its passion and entrepreneurial spirit are unmatched within the industry and I am thrilled for the opportunity to redefine multifamily investing through technology and the relentless pursuit of improvement.”
“Brian’s promotion to Managing Director is a well-deserved recognition for his contributions to building the Magnolia platform and our current investment portfolio,” says Max Peek, CEO & Managing Principal of Magnolia Capital. “He is a strong leader committed to delivering financial excellence, and I am excited for his continued contributions as we grow our business.”
For more information, please contact:
Mary Beth Thede
About Magnolia Capital
Magnolia Capital is a data-driven, tech enabled real estate investment firm focused on finding and creating value within the multifamily investment space. The company’s founding principals have a distinctive blend of hands-on real estate investment experience combined with a deep knowledge of technology and operational efficiencies. Since inception in 2016, Magnolia has acquired over $1.1B of real estate, representing over 4,300 units in nine markets across the U.S. For more information, please visit www.magnoliacap.com.