The multifamily real estate investment firm embodies growth of commercial property and Austin economy.
Real estate expert Todd Marney has signed on as Vice President of Portfolio Management for Casoro Capital, a private equity firm which creates discretionary funds for investing in multifamily properties and developments. Marney’s experience is integral to the company’s mission to enhance value for investors. This key hire comes at a time of growth for both Casoro Capital and its parent company, The PPA Group.
Marney comes to Casoro Capital with over 30 years of national-scope residential and commercial real estate experience in both acquisitions and asset management. He has previously worked in similar roles at KC Venture Group and McCann Realty Partners in Dallas, Texas. Prior to that, Marney was Senior Vice President of Acquisitions and Asset Management for Eliason Real Estate Group, successfully establishing platforms which supported the purchase and management of over 5,000 multi-housing units across the Sunbelt and Midwest.
“In a short time, Casoro Capital has already demonstrated an ability to leverage extensive real estate market knowledge and vertically integrate financial and operational expertise to enhance value for investors,” said Marney. “I am looking forward to growing Casoro’s portfolios even more and taking the company to the next level.”
Casoro Capital builds on the expertise of The PPA Group to create the most value for clients within multifamily investments. Marney and other new hires will add to a highly experienced team that has completed over $600 million in transactions.
“Todd has all the knowledge and talent to fill this role,” said Casoro Capital’s CEO Yuen Yung, “but just as importantly, his value system coincides with our mission to bring the highest quality investments to our investors.”
Over the next year The PPA Group and its affiliates, Casoso Capital and CLEAR Property Management plan to increase its employment by more than 50 percent – the hiring projection for Q1 this year is 40 new employees. This comes at a time when Austin is one of the fastest growing metro areas in the U.S.; according to the Texas Workforce Commission, Austin added 210,200 jobs last year.
“Casoro and The PPA Group want to be established this year as one of Austin’s top employers through growth and employee satisfaction,” said Yung.