The Meridian Group (TMG), a Bethesda-based real estate investment and development firm, announced today the completion of a succession plan and related management changes.
As a result of the succession plan, David Cheek, formerly President, is now Chairman and Managing Partner of TMG. Former Executive Vice President and Managing Director Bruce Lane is now Vice Chairman. Mark King, previously Chief Operating Officer (COO) and Chief Financial Officer, has become President and COO. Gary Block remains Partner and Chief Investment Officer (CIO).
Co-founded by Cheek and Lane in 1993, TMG has a staff of 43 people and has made over $5.5 billion of investments in the D.C. market since its formation.
“We are pleased to have completed our succession plan after a thoughtful planning process,” Cheek said. “It will ensure the continuity and long-term sustainability of our business for the benefit of our employees, investors and customers, and it provides advancement opportunities for our management team.
“Mark King has been an important part of our senior leadership team for the past 10 years and will continue his key leadership role in our business,” Cheek added. “We are all excited about the future of TMG.”
ABOUT THE MERIDIAN GROUP
The Meridian Group (TMG) is a real estate investment and development firm based in Bethesda, Md. Since its inception in 1993, TMG has acquired and developed more than 14 million square feet of office, residential, hotel, mixed-use, and land with a focus on the metropolitan Washington, DC market. To learn more, visit TMG’s website at www.tmgdc.com.
