David Dillard, LRC PropertiesRye Brook, NY David Dillard has joined LRC Properties, LLC in its asset and property management division. He is based in LRC Properties’ Charlotte, NC office which is located at the Esplanade in Southpark.
At LRC Properties, he is responsible for oversight of the administration and financial performance of properties in LRC’s Charlotte portfolio. He will also be assisting on acquisitions and dispositions, as well as underwriting and evaluating of potential transactions in Charlotte and along the east coast.
Dillard brings 30 years of commercial and corporate real estate experience to LRC Properties. Most recently, he was senior vice president, regional property director for Bank of America, where he was responsible for managing the bank’s 7.5 million s/f portfolio of owned and leased properties in North Carolina which included multi-tenanted class A office buildings and the Ritz-Carlton Hotel. Prior to that, he held property management and leasing positions at Trinity Partners, a full-service commercial real estate firm, Shorenstein Realty Services, and Charter Properties.
“We’re excited to have David join LRC,” said Howard Lavitt and Ed Kulik, co-founders and principals of LRC Properties. “His deep expertise and knowledge of commercial real estate, leasing, and of the Charlotte market will help LRC in our continued work to identify and purchase properties that we can reposition, restructure and redevelop, adding value to the properties as well as substantial return to our investors. He is a great asset to our team.”
Dillard graduated from Guilford College in Greensboro, NC with a BA in economics.
LRC Properties is the third largest industrial owner in Charlotte, managing 3.4 million s/f in Charlotte. Its portfolio includes more than 1 million s/f of office space and properties including 101 Independence Center, Logistics Point, the Esplanade at Southpark, the Tranquil Court mixed-used building, and the industrial complex at 1800 and 1900 Continental Blvd. in Charlotte. The company also owns other properties in North Carolina, notably 227 Fayetteville St. in downtown Raleigh and the 500,000 s/f Madison Park corporate park in Winston-Salem. In total, LRC Properties manages approximately four million s/f of space on the east coast valued at nearly a half billion dollars.
LRC Properties, LLC is an experienced investment manager focused on east coast commercial real estate investments. Headquartered in the New York City metro area, with offices in Charlotte, North Carolina, LRC concentrates in acquiring core plus and value add properties in improving markets in the Southeast. LRC focuses on creating above-market returns for its investment partners by providing substantial value to the properties it purchases through operations, repositioning, restructuring and redeveloping, utilizing a “hands-on” management approach.
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