August 3, 2017

Farkas Subsidiary Appoints New President

Shifts in leadership are cause for excitement. C-III Asset Management LLC announced that Barry Davis will be the new president. This announcement comes after former president Kevin Donahue recently decided to step into an advisory role to spend more time with his family.

Davis served as the Chief Operating Officer of C-III Asset Management since 2011. Davis is skilled in the realm of real estate, with a wealth of leadership experience. Davis also has background in the loan servicing that C-III provides. There is plenty of faith in Davis’ ability to handle this new role well. President of C-III Capital Partners Frank Garrison stated, “We are fortunate to have someone of Barry’s caliber ready to seamlessly step into the role of President. I have the utmost confidence that his extensive industry experience and operational expertise will help position our business for future growth.”

Davis will be joining Senior Managing Director, Lindsay Wright, and General Counsel, Jenna Unell on the executive management team. With more than 20 years of experience, this team will ensure that the transition in leadership is smooth.

Mr. Davis joined the C-III team back in 2010 when Centerline’s servicing business was acquired by C-III. Davis served as Chief Operating Officer at two other organizations before beginning his tenure at C-III and Centerline, and has decades of experience in related jobs.

C-III Asset Management is one of the largest loan servicing companies in the United States. The company is a subsidiary of C-III Capital Partners which specializes in real estate equity and debt solutions. C-III Capital Partners is a subsidiary of Andrew Farkas’ premier merchant banking company, the Island Capital Group.