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.”