Sack Continues to Gear Up for Future Expansion of Its Multifamily Portfolio
SAN FRANCISCO (October 3, 2017) – Sack Properties (Sack), a San Francisco-based real estate investment and management firm with AUM of over $500 million, announced today the promotion of their chief financial officer (CFO) Jeff Smith to president. Smith joined Sack Properties in 2001, and as CFO has been responsible for corporate finance, accounting, reporting, and overseeing all acquisition activities. Jeff also served as the firm’s controller from 2001-2007. In his new capacity, Smith will be taking on a larger leadership role in the growth of the company.
“Jeff’s experience with and loyalty to our firm, as well as our shared vision, make him a natural fit as our new president,” said Kirby Sack, CEO of Sack. “Jeff and I will continue to work hand-in-hand as we focus on expanding our high-value regional and statewide multifamily portfolio.”
Prior to Sack Properties, Jeff worked for Ernst & Young in their audit practice where he was responsible for on-site management of all phases of the audit process. His clients included Farallon Capital, TRW, and National Technical Systems. He also participated in the initial public offering of Endwave Technologies (ENWV). Prior to Ernst & Young, Jeff worked for The Walt Disney Company, Los Angeles Dodgers, and North American Honda Corporation.
“Kirby and I have worked well together over the past 15 years, and it is now truly an honor to serve as president of Sack Properties,” said Jeff Smith. “Kirby and the rest of our team are deep-rooted real estate professionals who strive to deliver high returns on our many investments. In this new position, I plan to leverage our past and current successes to position the firm for our next phase of growth.”
Jeff recently served as the Chair of the San Francisco District Council of the Urban Land Institute (ULI). He also serves on the ULI Multi-Family Blue Product Council and is a member of the National Multi-Housing Council and the USC Northern California Alumni Club.
Jeff has a B.S. in Business Administration from the University of Southern California.
Sack’s high-profile Bay Area properties include Brookside Park in Mountain View, Hillsdale Square in San Mateo, and Town Center in Lafayette, amongst others. Their most recent acquisition is Sunridge Alta Loma in Southern California.
In June, Sack announced the hiring of David Feinberg as the firm’s director of acquisitions and dispositions. David joined Sack after seven years as vice president of acquisitions with Sares-Regis where he closed on $333 million in apartment transactions throughout the San Francisco Bay Area and Pacific Northwest. He is now responsible for all of Sack’s acquisition and disposition activities, including hiring an analyst to expand this team.
About Sack Properties
Founded in 1958, Sack Properties is a vertically-integrated, private real estate company that focuses on the acquisition, management, and disposition of a broad range of multifamily properties through the San Francisco Bay Area, and Southern California. Based in San Francisco, the firm specializes in multifamily properties in need of operational improvements and Class B properties in prime infill locations that could benefit from capital investment and improved management. The firm’s current portfolio includes 13 communities throughout California. The firm is committed to sustainable building practices such as water conservation, energy efficiency, green building upgrades, and more. For more information, visit www.SackProperties.com.