JPMorgan Chase Names New Real Estate Leaders – JPMorgan Chase announced three promotions to continue the growth in its Commercial Real Estate business:
- Priscilla Almodovar and Chad Tredway co-lead the Real Estate Banking business, succeeding Tom Lawyer, who will assist with the transition
- Alice Carr leads Community Development Banking, succeeding Almodovar.
“In these new expanded roles, all three leaders will provide our clients with the financial resources, specialized expertise and insights to navigate through market cycles and continue to develop their communities,” said Al Brooks, who leads Commercial Banking’s commercial real estate business with total assets over $90 billion.
Almodovar, who joined the firm in 2010, has led the Community Development Banking team in lending and investing in affordable housing and community development projects across the country. Prior to joining, she led the New York State housing finance agency and was responsible for multi-family and single family lending.
Tredway, who joined the firm in 2008, has overseen Real Estate Banking’s sales strategy and led the Commercial Term Lending business in the East Region, where his team significantly gained market share. Prior to this position he managed the Southern California Commercial Term Lending coverage teams.
Carr, who joined the firm in 2011, has managed the Community Development Real Estate teams in Chase’s West and Southwest regions, and has over 22 years of experience in community development finance.
“We continue to build a team of exceptional people, who are experts in real estate and are driven by our client’s success and by transforming communities,” Brooks said. “We strive to provide certainty of execution and exceptional service to our clients in any cycle.”
Priscilla Almodovar will be a featured speaker at this year’s Real Estate Weekly Women’s Forum taking place June 14. Along with New York City Housing Authority chair Shola Olatoye, Greystone EB5 expert Alison Berman and economist Heidi Learner, of Savills Studley, Almodovar will debate recent political changes and their impact on the New York real estate sector.