Endurance Real Estate Group, a real estate investment and development firm based in Radnor, Pennsylvania, is pleased to announce the hiring of Jared Newman as Vice President of Acquisitions. Mr. Newman will be responsible for sourcing and closing on acquisitions of industrial and flex properties across the Mid-Atlantic. Mr. Newman’s role will also include maintaining and developing relationships with Endurance’s institutional equity partners and lenders.
Prior to joining Endurance, Mr. Newman was most recently at Keystone Property Group as Regional Director overseeing over 1 million SF of office properties. Prior to that, he spent three years at Penn National Gaming (NASDAQ: PENN), a regional casino operator and developer. While there he focused on growing the company via new development and acquisitions of existing properties across North America. Mr. Newman also spent 6 years at Lubert-Adler Partners, a real estate investment firm located in Philadelphia. As Vice President, he was tasked with acquiring and enhancing mid-size, value-add assets with a specialization in office and industrial properties.
Mr. Newman received his BS in Business Management from the Pennsylvania State University.
“This position will strengthen the depth of our organization and our ability to be responsive to the many opportunities we are presented for industrial acquisitions in the Mid-Atlantic. With Jared’s addition and added skill sets we will also be able to source more off-market opportunities in our efforts to find attractive investment opportunities for our institutional and private investors” said Benjamin Cohen, Managing Principal and CEO of Endurance Real Estate Group.
Endurance Real Estate Group, LLC (www.endurance-re.com), co-founded by Benjamin Cohen and Bill White in 2002, is a Radnor, Pennsylvania-based real estate owner/ developer focused on income and value add industrial opportunities located in the Mid-Atlantic region. Since its formation in 2002, the company has acquired approximately $500 million of assets totaling 10 million SF and sold over 6.2 million SF with a combined value of $350 million.
Endurance currently owns and operates a portfolio totaling over 3.2 million square feet consisting of 38 buildings. Existing space includes 2.0 million square feet of industrial and 1.2 million square feet of flex/office space.