SAN FRANCISCO, CA (May 15, 2018) – The Swig Company, LLC announced that Jim Carbone has been selected to become the next Chief Executive Officer of the privately-held San Francisco-based real estate investment company.
Jim will succeed Ken Perry, who has been with the company since 1998 and has served as President and CEO since 2014. Mr. Perry will retain his position on the Board of Directors and serve as an advisor to Mr. Carbone during the transition.
In announcing the appointment, Board Chair Janice Sears, said: “This appointment is the result of our adherence to a carefully constructed succession plan developed by Ken and the board. We are delighted to welcome Jim Carbone to the company and look forward to his leadership. The company is extremely well positioned and we expect to continue moving forward through a smooth transition.”
Mr. Carbone brings nearly 40 years of experience to his new position. Since 2012 he has served as CEO and Director of RREEF Property Trust (“RPT”), a daily net asset value, non-listed REIT, and Head of Retail Products. Prior to his role at RPT, he held a number of different positions over his 23 years at RREEF, most recently as Head of Global Business Development. RREEF is a real estate advisor founded in San Francisco in 1975 and acquired by Deutsche Bank in 2002. He began his real estate career in the development and transaction side of the business, before joining RREEF in 1995 and becoming a partner two years later.
Mr. Carbone said he is excited about the opportunity to lead such a storied organization, especially one with such well-established management operations and varied investment activities that span both coasts.
“I’m fortunate to be taking over a great organization with a very supportive board, a superior portfolio of assets and a successful track record in commercial real estate. I look forward to being part of the team charged with helping The Swig Company become an even more formidable force in commercial real estate in the years ahead,” he said.
Mr. Perry, who joined The Swig Company as Director of Asset Management and also served as Chief Investment Officer, said: “I want to thank the Swig family, the company board and all my colleagues for their help and support over my years with this great company, and especially the last four years as CEO. I hope to continue to bring value to the organization and to Jim as a mentor and advisor from my seat on the board.”
Ferguson Partners, Ltd. conducted the search on behalf of The Swig Company. The transition is expected to occur in September of this year.
About The Swig Company
The Swig Company, LLC is a privately-owned, San Francisco-based real estate operator with an 80 year history of investment, development, partnership and management of commercial real estate properties in major US markets. Founded by Benjamin H. Swig in 1936, The Swig Company is guided by a long-term investment perspective that has proven adept at stewarding investors safely through multiple market cycles. The company’s vertically-integrated operational platform, which includes investment, asset and property management, and leasing expertise, uses flexibility, generational thinking and sensitivity to sustainable practices to stay at the forefront of emerging trends in the commercial real estate industry. For more information, visit: www.swigco.com.