Kingbird Investment Management, the real estate subsidiary of Puerto Rico-based family-owned strategic investment company Grupo Ferré Rangel, is pleased to announce that Mark Pasierb has been appointed to President. In this Boston-based role, Pasierb will leverage his 30 years of experience in real estate investment to set the strategic direction of the firm’s portfolio, manage the portfolio’s operational and financial performance, and oversee Kingbird’s mainland U.S. and Puerto Rico operations more broadly.
“Mark has a long track record of success by leading organizations through dramatically changing market conditions, so he’s arriving at Kingbird at a pivotal time,” said Antonio Luis Ferré Rangel,
Chief Executive Officer at Kingbird. “Mark’s entrepreneurial mindset, leadership experience and operational excellence will help us navigate through this new economic landscape and continue bolstering Kingbird’s organizational growth.”
“I am excited to be joining and leading Kingbird, and look forward to continuing its successful growth path, leveraging my long history of real estate investment expertise as a developer, owner, investor, and manager of commercial and residential properties nationwide,” said Pasierb.
Prior to joining Kingbird, Pasierb served as the CEO and president of Pitcairn Properties Inc. for 18 years. Under his leadership, the company’s portfolio grew from $400 million to $2 billion in assets under management. Earlier in his career, Pasierb held senior roles at The Rubenstein Company L.P. and PGIM Real Estate, where he was partner and director respectively.
Pasierb holds a bachelor’s degree in Real Estate from Pennsylvania State University and a master’s degree in Business Administration from Seton Hall University. Pasierb sits on the board of both Pitcairn Properties Inc. and the advisory board of the Institute for Real Estate Studies at Pennsylvania State University’sSmeal College of Business.
Pasierb succeeds Ken Munkacy, who is retiring from the firm after five years at Kingbird and more than 30 years in the industry.
About Kingbird Investment Management
Kingbird Investment Management is the real estate subsidiary of Grupo Ferré Rangel, a century-old family office. Kingbird Investment Management is a vertically integrated real estate investment manager specializing in the multifamily housing market, ranging from workforce to market-rate housing, including value-added to core-plus opportunities and select development projects. Kingbird deploys both its own capital and that of third-party family offices, other investors, and operating partners to capitalize on market inefficiencies in the workforce housing sector. Kingbird Investment Management is headquartered in Boston, Massachusetts. For more information, visit Kingbird.com.
About Grupo Ferré Rangel
Grupo Ferré Rangel (GFR) is a century-old Puerto Rico-based, family-owned strategic investment holding company. GFR owns and invests in a value growth portfolio of leading companies in real estate, media, customer engagement, and social innovations and startups in emerging industries. Guided by a commitment to entrepreneurship, Grupo Ferré Rangel pursues investment discipline, sustainable growth, value creation and social empowerment. For more information, visit GrupoFerreRangel.com.