Apartment Income REIT co-CIO John McGrath to leave company (NYSE:AIRC)

Condominium Earnings REIT Corp. (NYSE:AIRC) stated Wednesday that John McGrath, govt vice chairman of technique, capital allocation, and co-chief funding officer will depart from the corporate, beginning Sept. 30, 2023, to pursue entrepreneurial alternatives.

Josh Minix, govt vice chairman and co-CIO since 2021, will take sole accountability for the multi-family residential REIT’s funding perform efficient that very same date.

Minix, a Harvard Regulation Faculty graduate, has 10 years’ expertise as an actual property funding skilled. Earlier than becoming a member of AIRC, he served as an funding supervisor for 3 years at Companions Group, sourcing investments totaling over $4B.