CHICAGO, IL – October 29, 2018 – Magnolia Capital, a real estate investment firm focused on U.S. multifamily investments, is pleased to announce Jay Friedeck has been promoted to Managing Director of Asset Management.
In his new role, Friedeck is responsible for oversight of the asset management capabilities, including revenue optimization, marketing, and capital projects. Friedeck joined Magnolia Capital in October 2017 as Vice President of Operations and began building the asset management team for Magnolia’s growing portfolio of properties. Prior to joining Magnolia Capital, Friedeck was an early hire at LivCor, a Blackstone portfolio company focused on multifamily, where he oversaw the Revenue Department and was essential in shaping many corporate processes.
With over 12 years of real estate leadership experience, Friedeck is excited for the new role and challenge. “I came to Magnolia Capital because of the unique vision and approach to the multifamily industry,” says Friedeck. “I am incredibly excited for the opportunity to lead the asset management team toward our goals. We will strive for continuous innovation using technology and data to constantly challenge the status quo and deliver outsized returns to our investors.”
“Jay has been an essential part of Magnolia’s success and a proven steward to our investors,” says Max Peek, CEO & Managing Principal of Magnolia Capital. “I’m thrilled to have Jay as a senior member of our best-in-class team and look forward to continued success in achieving our goal of redefining multifamily investing.”
For more information, please contact:
Mary Beth Thede
About Magnolia Capital
Magnolia Capital is a 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 $1B of real estate, representing over 4,000 units in nine markets across the U.S. For more information, please visit www.magnoliacap.com.