Manhattan, NY DMG Investments, LLC (DMG), a national real estate development organization and the U.S. subsidiary of DoThink Holding Group, a real estate developer in China, has promoted Jacky He to CEO.
He founded DMG Investments LLC and previously served as the company’s executive vice president where he has led the investment of over $400 million in residential projects in major urban and key suburban markets throughout the country. He possesses an entrepreneurial mindset and business acumen that has allowed him to oversee the company’s rapid growth in the residential housing sector.
As CEO, He will direct all U.S operations and investments for DMG, including its existing portfolio of luxury for-sale condominiums and student housing, as well as new developments throughout the U.S. This includes One Park, the developer’s 204-unit condominium building in Cliffside Park, N.J.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,