Hullmark Announces Key Hire and Promotions to Support Strategic Growth

Toronto-based real estate team adds Noah Rechtsman and promotes Aly Damji and Leona Savoie

TORONTO, May 8, 2019 /CNW/ - Toronto-based real estate investor and developer, Hullmark, today announced changes to its executive management team as part of a strategic plan to enhance the company's real estate management platform. 

Among the announced changes, Hullmark confirmed that Noah Rechtsman has joined the company in the position of Executive Vice President (EVP), Private Equity, and announced the promotions of Aly Damji (to EVP Investments & Asset Management) and Leona Savoie (to the role of Senior Vice President, Development). 

The changes to the Hullmark executive team are effective immediately.

While Hullmark may be best known for identifying, investing in, developing, and managing commercial property in urban locations, the real estate company also operates a private equity vertical through which it has direct investments in existing development projects with an enterprise value in excess of $850 million.

Noah Rechtsman, who was formerly a Senior Vice President in Cushman & Wakefield's Capital Markets Group where he oversaw transactions in excess of $1.5 billion of commercial assets and several million square feet of residential/commercial density, will be leading Hullmark's private equity and debt verticals.  He will also contribute to the overall capitalization of the management platform's strategic expansion. 

"Noah's distinguished 12-year career in real estate investment sales have positioned him well to lead the growth of Hullmark's established- yet relatively unknown- private equity and debt verticals," says Jeff Hull, president of Hullmark.  "We are thrilled to welcome Noah to the company."

As a real estate developer and investment firm, Hullmark actively manages a portfolio of retail, office and multi-family rental properties.   With stabilized income producing properties worth in excess of $750 million, Hullmark's real estate portfolio also includes properties currently under development, representing an additional $400 million in value.

Ten years ago, Hullmark developed a strategy to invest in urban neighbourhoods within Toronto and to focus on design-led real estate projects that attract and retain users in the new economy.

"From Parkdale, Liberty Village and Ossington in the west, to Riverside in the east, our approach to asset management, development and the tenant experience has been key to our success," says Jeff Hull, adding that the success of this strategic approach was led by executive team members Aly Damji and Leona Savoie.

"Aly has, and continues to play a vital role in the development of our active platform, sourcing acquisitions together with me, as well as leading the asset management and tenant experience divisions within Hullmark," says Jeff Hull, adding that Leona Savoie has "played an instrumental role in helping deliver our best-in-class developments to market, by leading planning and project management activities at our company.

"I am very proud of Aly and Leona's many contributions to Hullmark and excited to announce their promotions."

About Hullmark:

Hullmark is a real estate investment and development team committed to shaping a vibrant and transforming urban Toronto. With strategic investment in new and thriving neighbourhoods across the city, Hullmark's design-driven developments are home to retailers, organizations, and entrepreneurs leading Toronto's new economy.

SOURCE Hullmark

Jeff Hull, Hullmark, T: 416-510-1700, E: [email protected]; Danny Roth, Brandon Communications, T: 416-850-0614, E: [email protected]