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Overton Moore Properties Hires Felix Vollrath as Senior Vice President, Acquisitions and Development

1. Felix Vollrath joins OMP as SVP for industrial investments. 2. Vollrath previously led $2 billion acquisitions at REXR. 3. OMP aims to expand in Southern California and Phoenix markets. 4. Vollrath's experience may enhance OMP's strategic initiatives. 5. REXR's past success influences market sentiment for OMP.

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FAQ

Why Bullish?

Vollrath's expertise could indirectly benefit REXR through stronger competition in industrial markets. Historical context shows that experienced leaders can drive higher valuations.

How important is it?

Vollrath’s move enriches the competitive landscape which could influence REXR's strategies and performance metrics.

Why Long Term?

As OMP grows under Vollrath, REXR may face stronger competition impacting its market share over time, similar to prior developments in the sector.

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OMPPLDDRE
New SVP to Lead Industrial Investing in Southern California and Phoenix Markets, /PRNewswire/ -- Overton Moore Properties (OMP), a leading real estate investment and development firm in the western U.S., is pleased to announce that Felix Vollrath has joined the firm as a Senior Vice President, Acquisitions and Development, responsible for spearheading the firm's industrial investment and development activities across Southern California and Phoenix. Felix Vollrath In this new role, Mr. Vollrath will lead sourcing, structuring, and execution of industrial investment and development opportunities on behalf of OMP's core-plus, value-add and opportunistic clients and partners. He will be based in OMP's headquarters in Torrance, CA, reporting directly to Pete Cassiano, Partner and CIO. Mr. Vollrath brings over eight years of experience in industrial real estate investment and development. Prior to joining OMP, he was a Vice President at Rexford Industrial Realty (NYSE: REXR), where he led the acquisition of over $2 billion of industrial real estate in Los Angeles, including both existing assets and development opportunities. "We are thrilled to welcome Felix to the team," said Pete Cassiano, OMP Partner and CIO. "His market knowledge, strategic mindset, and entrepreneurial drive make him a perfect fit as we grow our business in the most dynamic industrial markets in the Western U.S."Mr. Vollrath holds a Masters of Real Estate Development degree from the University of Southern California and a Bachelor of Science degree in International Business from Copenhagen Business School and is an active member of SIOR and NAIOP.About OMPOMP is a vertically-integrated real estate investment, development, and operating platform focused on delivering long-term value across key industrial markets in the western U.S. Founded in 1972, the firm has a proven track record over decades of creating value through disciplined execution and market insight.Media Contact: Janine Walker[email protected]Website: www.omprop.comLinkedIn: www.linkedin.com/company/overtonmooreSOURCE Overton Moore Properties (OMP) WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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