Stage Equity Partners, a real estate investment and management firm specializing in medical office and healthcare related properties, has announced the appointment of Cody Weiss, Director. The appointment was made by Brian Howard, the firm’s founder and principal.
At Stage, Weiss is responsible for guiding new acquisitions, developments, refinances and dispositions, including initial underwriting, financial and property due diligence, structuring debt and equity components and ultimately closing the transactions. Weiss will also work closely with Stage executives, tenants, brokers and vendors as the firm provides best in class management to properties owned by Stage and its third-party clients.
“Cody has a strong understanding of real estate fundamentals, analysis, and operations, having worked on both the acquisition and asset management side of the business,” said Howard. “That experience will be beneficial as we aggressively move forward with acquisition plans as market dynamics continue to improve.”
Weiss brings six years of experience in commercial real estate investment to his position at Stage. Previously, Weiss was a Vice President at GEM Realty Capital, an institutional real estate investment firm in Chicago, where most recently he led asset management efforts for a portfolio of office, industrial, residential, and retail assets valued at over $700 million. Prior to making the transition to asset management, Weiss was an acquisitions analyst.
Weiss earned a Bachelor of Business Administration degree, with a focus in Finance, from The University of Texas at Austin McCombs School of Business. He is actively involved in charitable initiatives. He is one of the Co-Founders and a Vice President of the FIDF Young Leadership Board, Chicago Chapter.
Stage has acquired over 45 medical office buildings totaling almost three million square feet of space. Its most recent acquisition was a two-building, 91,818-square-foot Medical Office Portfolio located in north suburban Chicago. Stage Equity acquired the properties in an off-market transaction.
About Stage Equity Partners, LLC
Stage Equity Partners LLC is a Chicago-based private real estate investment firm focused on healthcare assets. The firm acquires, develops and manages high quality medical office buildings and healthcare facilities across the country. Stage has acquired more than 45 buildings in nine states, for its own account and for investor partners. Stage’s focus is on select medical acquisitions in strong, established demographic areas in close proximity to dominant hospital systems or other significant demand drivers. Targeted acquisitions typically range from $5MM to $25MM range where there is less competition from REITs and institutional investors, which creates yield premiums and additional opportunities for its investors and itself.
