July 29, 2020
Steve Merchant has joined Newcastle Limited as managing director of multifamily operations, based in Chicago. In his new role, Merchant will be responsible for overseeing the operation of Newcastle’s 3,000-unit multifamily portfolio and the team of 100 employees responsible for management and leasing.
Most recently, Merchant was managing director of operations with Magnolia Capital, a new national real estate investor where he launched the property management division. Previously, he spent 15 years at Equity Residential where he served as SVP, contributing to all aspects of operations for the company’s 300 multifamily communities, consisting of 80,000 apartments.
“Steve brings a wealth of experience and an impressive track record of creating value in every aspect of residential real estate,” said Newcastle CEO Mike Haney. “We are happy to have him on board as we continue to grow our portfolio and look to the future during these unprecedented times.”
For comments, questions or concerns, please contact Paul Bubny