Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company active in 11 states, and with a portfolio value exceeding $3.7 billion, has announced the promotion of Rachel Lee to Retail Asset Manager. She was formerly a Leasing Manager within the Commercial Operations team and, prior to joining CRC, Rachel spent nearly six years in both Asset Management and Portfolio Management roles at LaSalle Investment Management.
In her new role, Lee will be responsible for overseeing a portfolio of CRC’s retail properties, which spans multiple states. Her duties will include property-level and portfolio-level valuations; investment and divestment decisions; involvement in financing, acquisition, and recapitalization work; distribution management; and oversight of the day-to-day financial performance of her portfolio.
During her time as a Leasing Manager at CRC, Rachel oversaw properties comprising nearly 1.6 million square feet of space and worked on transitional assets with complex business executions, including pad developments and anchor deals. During her nearly six-year tenure with LaSalle Investment Management, Lee worked on the team that managed two of LaSalle’s largest separate accounts, which included 34 diversified real estate assets, as well as performing related asset management and portfolio management duties. Lee earned a degree in economics from Dartmouth College.
“I’m absolutely thrilled to have Rachel join the Retail Asset Management Team,” stated Haley Donato, CRC’s SVP of Asset Management and Finance. “She has a uniquely well-rounded background with deep analytical skills, paired with on-the-ground retail leasing management experience. CRC has increased the retail side of our business by three million square feet over the last four years, bringing it to nearly eight million square feet today. The brainpower and skillset Rachel brings to our team will help us continue to elevate and scale the platform.”
Headquartered in Baltimore, Maryland and founded in 1960, Continental Realty Corporation is a full-service commercial real estate and investment company focused on acquiring and operating retail and multifamily properties. The privately held firm owns and manages a diversified portfolio of retail centers consisting of nearly eight million square feet of commercial space and over 9,000 apartment homes across 11 states, with a portfolio value exceeding $3.7 billion. For additional information, visit www.crcrealty.com
