Trademark hires new VP to expand its third-party management business
Citing positive market conditions that are driving increased deal flow, Trademark Property Group has added a new key player to its asset management team.
Peter Cavazos will share the title of VP of asset management with Kaylie Horner at the Fort Worth- based company and be responsible for driving budget initiatives, optimizing property financial and operational goals, and prioritizing value creation for Trademark’s partners and investors.
Cavazos, who arrives at Trademark from Dalfen Industrial, has a 12-year history in real estate finance and asset management at companies that included RPT Realty and Spirit Realty Capital.
“Peter's extensive experience will be crucial in leading strategic initiatives and delivering impactful results for Trademark's clients,” said Trademark president and COO Kevin Kessinger in a press release announcing the hire. “His leadership will help drive growth across our portfolio and strengthen our commitment to operational excellence.”
Cavazos will oversee approximately half of the assets under management, including Alliance Town Center in Fort Worth, Saddle Creek in Germantown, Tenn., and Legacy Place in Palm Beach Gardens, Fla. At Dalfen, he was accountable for a $2.5 billion loan portfolio consisting of 46 loans on 144 properties.
"We’re committed to fostering excellent communication with our team and are always looking for ways to get the most out of a property," said Cavazos. "To create exceptional value as an asset management team, staying perceptive and proactive is essential. For me, that means thinking and acting like owners—with a sense of urgency."
Trademark reported robust leasing interest in its Dunham Pointe development, a forthcoming retail and restaurant district in the fast-growing Houston suburb of Cypress, Texas, which has received letters of intent from 40-plus retail, food and beverage, and lifestyle tenants.
Trademark carries a strong reputation for renovating and redeveloping malls, shopping centers, and mixed-use developments that include North Point in Alpharetta, Ga., Annapolis Town Center in Maryland, and Galleria Dallas and Left Bank in Dallas-Fort Worth.
