Monfort Cos. has employed Santiago Escobedo to function its new president of actual property.
Monfort is an funding and improvement firm. Escobedo might be charged with overseeing and growing the corporate’s actual property division, together with properties in downtown Denver, surrounding neighborhoods and different communities reminiscent of Greeley.
“We’re quickly rising our actual property staff to create each inside and exterior synergies and help our long-term imaginative and prescient of turning into a best-in-class improvement firm that drives financial development in native communities,” Kenneth Monfort, govt vice chairman of Monfort, stated in a written assertion. “Santiago’s expertise and skill to collaboratively lead others will enable us to develop our community-minded investments past our present portfolio.”
Escobedo is main the event of Boomerang Ranch, a 27-acre mixed-use property in Greeley. The undertaking is anchored by a 177-home build-to-rent group — the primary of its type for the town — by way of a three way partnership partnership with Wichita-based ICT Capital. The event will embody 5 acres of retail improvement, together with a Starbucks and Quiktrip.
“Addressing housing affordability points by way of market-driven options like that is precisely the form of forward-looking imaginative and prescient and technique that first attracted me to Monfort Corporations,” stated Escobedo. “As a staff, we are going to proceed to seek out methods to help long-term financial vitality in rural and concrete communities in Colorado and past. I stay up for main and rising our footprint to make a distinction in individuals’s lives.”
Escobedo most lately served because the director of improvement at Confluent Growth the place he was accountable for increasing the corporate’s retail platform nationally with a give attention to single tenant internet leased improvement. He helped navigate the impacts to retail by way of the pandemic and led a company-wide strategic shift towards multifamily and mixed-use developments.
Previous to Confluent, Escobedo labored with Starbucks Espresso Co., the place he was accountable for each the corporate’s present portfolio and its new retailer improvement in three states throughout the Western Mountain area.
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