Pierre Melhado is a Managing Director of Operations for Magnolia Capital, a nationally focused multifamily investor based in Chicago. Prior to joining Magnolia, Mr. Melhado worked for McCaffery Interests, a Chicago based developer and property management firm. Mr. Melhado focused on McCaffery’s property management platform across the nation and established policies, procedures and processes while also focusing on high velocity leasing, expense reduction, project management, maximizing organizational efficiencies and empowering others to succeed.
Prior to working at McCaffery Interests, Mr. Melhado worked at Laramar Group where he worked with multiple urban portfolios including rent-stabilized, bank owned, mixed-use and high-rise assets, as well as lease-ups in major markets such as Miami, San Francisco, Los Angeles, Chicago and New York. Mr. Melhado managed a special servicer portfolio of over 4,000 apartments in San Francisco and lead a multi-million renovation and increased occupancy by over 9% in less than 4 months. This success set up the portfolio for a very profitable disposition.
Additionally, Mr. Melhado worked for Beztak Properties, where he lead the takeover of Midtown Miami and the subsequent successful condo conversion and disposition of the portfolio.
Mr. Melhado received his MBA from Florida International University and his bachelor’s in Hospitality Administration from the University of New Orleans.