Steinbridge Group Taps First-Ever CEO
Steinbridge Group, a privately held owner-operator of mostly office properties in gateway markets on the East Coast, has brought on Tawan Davis to be its first CEO.
Steinbridge had previously operated as a consortium of international investors.
Tawan tells us he was brought on to help manage the firm’s growth as it prepares to play a more active and public role in the NYC, Washington, DC, Boston and Miami markets and bring its $1.5B acquisition pipeline online.
“Most real estate companies are made up of shout-from-the-rooftop kind of guys, and this hasn’t been Steinbridge’s approach so far,” he tells Bisnow.
“Part of my job is to respect that but also raise the profile of the company, because that’s what it’s going to take to attract investors and play a more active role in the marketplace.”
There will be a particular focus on acquiring assets in what Tawan calls “pivoting” submarkets like NoMad or the Penn Plaza District here in NYC—areas that are expected to see a surge in demand for TAMI tenants seeking rent relief from more established submarkets.