Daly joins Jonathan Rose Companies as chief operating officer

According to Jonathan Rose, president of Jonathan Rose Cos., LLC, Michael Daly has been named chief operating officer of the firm. In this capacity he will manage the company's operations, and the expansion and diversification of the Jonathan Rose Cos.' nationwide portfolio. Jonathan Rose Cos. is undergoing a period of rapid growth and poised for further investments this year. "Mike Daly is an outstanding real estate professional who brings tremendous experience and leadership skills to the company, as well as someone who shares our passion and mission for creating extraordinary communities of opportunity," Rose said. "As Jonathan Rose Cos. continues to expand our development and acquisition portfolio, we are excited to add his knowledge and experience to our growing team." Most recently, as president of Forest City Enterprises' affiliate Mesa del Sol, Daly was responsible for the overall master plan and development for a 9,000-acre, new urbanism mixed-use project in Albuquerque, NM that will include 38,000 homes and 18 million s/f of commercial development. Prior to that, he founded Sterling Glen Communities, a joint venture with Forest City Enterprises created to develop, own and manage senior housing. At completion, the portfolio included 11 buildings, over 1,200 residents and employed more than 800 people. Ultimately, the company was sold to Lazard Feres (Atria Senior Living). Daly started his real estate career working at Forest City Ratner Cos., where he responsible for leasing and development of the firm's commercial properties in Brooklyn and Manhattan. "I'm looking forward to working with Jonathan Rose and his talented team," said Daly. "The company has a tremendous track record of acquiring, developing and managing affordable and mixed use housing as well as office buildings, all while maintaining their build green approach to real estate development. This is a great opportunity to work with the industry leader on harvesting value from the existing portfolio, growing the asset base of the company and continuing to diversify its development program."