What is the story about?
What's Happening?
Premier has announced the appointment of Kunal Mody as its new Senior Vice President of Development. Mody brings over 13 years of executive-level real estate development experience, including expertise in fundraising, equity and debt structuring, and adaptive reuse projects. Previously, Mody served as the founding CEO of Blueprint Hospitality, where he demonstrated a strong ability to raise equity and debt and manage complex financial models. His addition to Premier's leadership team aims to enhance the firm's capabilities in the Midwest and Northern United States. Mody's appointment is seen as a strategic move to bolster Premier's hospitality, multi-family residential, and mixed-use development portfolio.
Why It's Important?
The appointment of Kunal Mody is significant for Premier as it seeks to position itself as a leading commercial real estate development company. Mody's expertise in adaptive reuse and historic tax credits is expected to drive Premier's growth in the hospitality and residential sectors. His experience in financial structuring and project management will likely benefit Premier's ambitious development goals. This move could enhance Premier's competitive edge in the real estate market, potentially attracting more investors and clients interested in innovative development solutions.
What's Next?
With Mody joining the team, Premier plans to further advance its development portfolio, focusing on hospitality, multi-family residential, and mixed-use projects. Mody will work alongside Rex Tullius, Premier's tenured Senior Vice President of Development, to achieve these goals. The firm aims to leverage Mody's expertise to expand its reach and capabilities, particularly in the Midwest and Northern United States. Premier's Chief Executive Officer, Hector Sanchez, has expressed confidence in Mody's ability to contribute to the firm's success in developing world-class projects across the nation.
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