12 July 2017
Dallas, Texas
Reporter: Theo Andrew

Westwood Financial expands leadership team with new SVP

Westwood Financial has named Stuart Brackenridge as senior vice president of acquisitions, responsible for directing the expansion of its retail portfolio.

Brackenridge will help spearhead the strategic direction of the company, following a recent restructuring that saw 77 of its 120 retail centres combined into a single group, in a bid to help drive investments and streamline operating efficiencies.

Prior to joining Westwood, Brackenridge spent 20 years at Regency Centres, most recently as vice president of acquisitions and developments.

Joe Dykstra, co-CEO of Westwood Financial, said: “Our recent consolidation of over 280 partnerships into a single $1.5 billion entity provides us with a well-capitalised structure that will enable us to compete in this evolving retail landscape.”

He added: “As we continue on this trajectory of growth, we are also growing our leadership team to direct the expansion of our retail portfolio and spearhead strategic acquisitions in top metropolitan markets throughout the nation.”

Randy Banchik, co-CEO of Westwood Financial, said: “Stuart Brackenridge brings over 25 years of real estate investment expertise, specifically in grocery-anchored shopping centres, and will be instrumental in guiding the future success of our acquisition efforts.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
LaSalle closes £800 million debt fund
21 November 2017 | London | Reporter: Theo Andrew
The fund was supported globally, raising its funds from 17 limited partners across Europe, the Middle East, Asia and the US
EPIC warehouse acquisition in the pipeline
20 November 2017 | London | Reporter: Stephanie Palmer
Ediston Property Investment Company (EPIC) is set to acquire four retail warehouse parks in the UK from Stadium Group, for £144 million
HFF delivers $288.8 million loan for resi project
17 November 2017 | San Jose, California | Reporter: Theo Andrew
HFF has secured $288.8 million of construction financing for two luxury residential towers in San Jose, California
CBRE Capital Advisors chosen for £100 million fund
16 November 2017 | Belfast | Reporter: Theo Andrew
The Northern Ireland fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects. It has been appointed on a 15 year mandate
AXA IM - Real Assets hit final close on logistics club
15 November 2017 | London | Reporter: Theo Andrew
The fund, which seeks to invest in 1 million square metres of logistics developments across Europe, raised the equity commitments from four international institutional investors
LaSalle names European head in business restructure
14 November 2017 | Paris | Reporter: Theo Andrew
Karim Habra was previously head of France for LaSalle, and his appointment replaces the firm’s previous structure of naming country heads for Europe
L&G settles on UK retirement villages for £102 million
14 November 2017 | London | Reporter: Theo Andrew
The portfolio, not yet fully developed, will comprise of 694 units, located in Liphook in Hampshire; Faygate in West Sussex; Exeter in Devon; and Great Alne in Warwickshire