September 2009

Keiran Named Principal/Chief Financial Officer At Marcus Partners

David Keiran has been hired as a principal and chief financial officer at Marcus Partners, a Boston-based real estate investment firm. Keiran will oversee the company's financial activities and to manage investor relations.

He has more than 25 years of experience in many facets of real estate investment and management, including accounting, taxation, finance, marketing, client service and asset and portfolio management.

Before joining Marcus Partners, Keiran was senior vice president and director of investor relations for New Boston Fund. Prior to New Boston, Mr. Keiran was a partner at TA Associates Realty.

“We are pleased that David has joined the firm to round out our team of real estate investment professionals,” said, Paul Marcus, managing principal. “His institutional real estate experience and relationships will complement our management and investment strategy and enhance our ability to provide the highest level of reporting and client service.”

Having recently raised more than $210 million of new investor capital, Marcus Partners is anticipating a wave of opportunistic properties coming to market over the next few years, the company said in a statement.

“Downward pressure on real estate pricing continues to build as the excesses of the past few years are reversed. The caution on the part of buyers, combined with guarded lenders, deteriorating market fundamentals and more assets being brought to market should translate into attractive asset pricing. We realize that we need to be patient and let the markets unfold and are excited about the opportunities that lay ahead,” said Keiran.

 

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