AKRON, OH. (JUNE 26, 2020)
Signet LLC, Akron’s leading private equity investment firm, has announced the hiring of Michael Mandela as President of Signet Real Estate Group’s Property Management Division.
Mandela brings extensive expertise in property management, financial services, brokerage, development, and project management.
Mandela will provide strategic and operational oversight for all Signet property management activities, including the development and implementation of corporate strategy, management of business operations, strategic partnership management, sales and marketing, staffing, and capital planning.
“We are extremely pleased to add Michael to Signet Real Estate Group’s leadership team,” said Mark Corr, President and CEO of parent company, Signet LLC. “Michael is going to bring fresh ideas and a strong business development focus to the Property Management Division. We look forward to fostering enhanced collaboration between Michael’s team and the Real Estate Development team, which we are confident will uncover new opportunities and accelerate growth for our entire Real Estate Platform.”
Previously, Mandela served as Sr. Director of Development & Leasing for The Coral Company where he provided executive leadership and oversight to all operational and financial aspects of a diverse, investment grade mixed-use portfolio. Additionally, Mandela oversaw a wide range of development, new construction and renovation projects within both the residential and commercial sectors.
Mandela achieved a stellar track record throughout his tenure, creating valued partnerships with various institutions, municipalities, lenders, developers, general contractors and private equity firms. Mandela is also a licensed real estate broker in the State of Ohio with experience in all facets of transactional real estate including valuation, acquisitions, dispositions, financing, title, leasing and sales.
“It is truly an honor to be entrusted as President of Signet’s Property Management Division,” said Mandela. “Providing best-in-class service to our institutional, commercial and municipal partnerships will remain at the forefront of what we do.”
Mandela succeeds Alan Gribble, who was Signet Real Estate Group’s first Property Management Division hire and President for more than 18 years. Gribble has continued to serve Signet in a consultative capacity, allowing for a smooth transition for Mandela.
“We owe a great debt of gratitude to Alan for his service to the organization, and for positioning the enterprise for continued growth and success,” said Corr.
Mandela shares in Signet leadership’s vision for robust future growth for the full-service real estate firm. “We have a deep development pipeline, an extremely diligent and strategic corporate leadership team, and a vast array of skilled corporate resources already in place. It is a remarkable opportunity,” said Mandela.
This hire represents the latest step in Signet’s strategic vision to build a centralized, high-impact corporate model, supporting a more collaborative team-based culture for the diversified leadership teams and platforms in the Signet organization.
About Signet Real Estate Group
Signet Real Estate Group transforms complex development challenges into collaborative opportunities through a creative, flexible, and customized approach. Our team brings 25 years of experience in successful development and facility management solutions in the areas of healthcare, higher education, research, public-private partnerships and strategic infrastructure. Since our firm’s inception, Signet and its family of companies have successfully managed and currently have in progress more than $5 billion in real-estate development and construction throughout the U.S. Learn more at signetre.com.
About Signet LLC
Signet brings an innovative, unconventional approach to private investment that embodies creativity and forward thinking to achieve long-term success. With leadership and expertise in the areas of project structuring, capital formation, operational investment and management, Signet tailors strategy and resources to meet each unique opportunity. Boundless in ideas and tactics, Signet has spent 25 years crafting collaborative partnerships that advance initiatives in real estate, diversified manufacturing, health and wellness, emerging technologies, investment banking and finance. Learn more at signetllc.com.
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