Marlton, NJ – November 28, 2011 – (RealEstateRama) — Jim Malesich, a seasoned financial professional with over 20 years of experience serving the real estate finance, management, and development industry, has joined The Michaels Organization as Vice President of Finance for Michaels’ student housing company, University Student Living, LLC. Jim will have primary responsibility for overseeing the financial analysis of all new student housing developments, acquisitions, and joint venture activities and will report directly to University Student Living President, Joseph Coyle.
“Jim is one of the best in the student housing business, and we are delighted to have him join our team,” said Coyle, who noted that the Jim has spent the last several months as an independent consultant working on University Student Living’s fast-growing development pipeline.
Mr. Malesich previously served as the Senior Vice President of Finance for College Park Communities, the student housing division of GMH Communities Trust, where he oversaw the budgeting, financial analysis and asset management for more than $1.6 billion of owned student housing properties, and managed over 20 student housing properties on behalf of third-party owners. Before that, Mr. Malesich served as College Park Communities’ Vice President of Operations, directing over 1,100 operating personnel nationwide, including property managers, facilities managers, leasing agents, food service personnel and resident and community assistant staff. Prior to joining GMH, Mr. Malesich was a Senior Manager with Ernst & Young.
Mr. Malesich holds a Bachelor of Science Degree in Business Administration from Drexel University. He is a Certified Public Accountant in the state of Pennsylvania.
University Student Living, LLC, is the comprehensive student housing development and management company of The Michaels Organization which launched in April 2011. Michaels’ first student housing project, new graduate housing for Rutgers University, is currently under construction in Camden, New Jersey and set to open in August 2012. The company is actively seeking development, management, and joint venture opportunities.
About The Michaels Organization
The Michaels Organization is a family of companies dedicated to excellence in affordable, mixed-income, student, and military housing. Founded by housing visionary Michael J. Levitt in 1973, Michaels is the number one ranked private sector owner and developer of affordable housing communities in the country and in 2010 was named the Multifamily Firm of the Year by The National Association of Home Builders. With more than $3 billion in assets, Michaels currently owns 340 properties and manages more than 43,000 units in 32 states, the District of Columbia and the U.S. Virgin Islands.