Dermody Properties Announces Top-Level Promotion
- Apr 22, 2019
Dermody Properties has promoted former Chief Acquisition Officer Tim Walsh to chief investment officer. Walsh brings to the new position more than 30 years of experience in real estate and fund management and will be in charge of overseeing all origination activities, from acquisition to development and build-to-suit projects. He will be based in the company’s Chicago office.
Walsh’s primary task will be working with Dermody Properties’ national team of regional partners to identify and target the best value-add industrial investment opportunities. His additional responsibilities include overseeing and promoting consistency in the company’s due diligence and closing processes. Throughout his career, Walsh has been involved in the acquisition of more than 25 million square feet of core industrial space and 11 million square feet of value-add industrial space worth a combined $1.8 billion.
Before joining Dermody, Walsh worked as a portfolio manager for Exeter Property Grup and he also spent 14 years with Wrightwood Capital. He has also been a member of the Executive and Investment Committees at Dermody Properties since 2016, of NAIOP and also of the Ecommerce Forum. Walsh holds a Bachelor of Science from University of Notre Dame and received his M.B.A. from Northwestern.
Dermody has recently completed a 409,500-square-foot industrial park in the Seattle area, LogistiCenter at Woodinville.