Monday Properties has hired Evan Dreilinger as a senior v.p. and general counsel, adding the post as it seeks to substantially expand its office and apartment portfolios in East and West Coast Gateway markets. “We made the decision to bring Evan on board because we’re in hyper growth mode,” said Anthony Westreich, founding managing partner. “We’re hoping he can optimize the execution of our deals and provide a legal mind that’s additive to the growth process.”
Dreilinger joins from Gramercy Property Trust, where he filled a similar role. In addition to providing legal counsel for the industrial-focused real estate investment trust’s investment, asset management, project management and operational teams, Dreilinger also focused on Gramercy’s institutional joint venture partnerships and third-party asset management clients. “Coming to work here was an incredible opportunity to work with collegial, hard-working people with a track record of success,” he added. Robert Klein, managing partner, added that Monday Properties has a solid stable of partners that it will seek to expand as the company grows.
Monday Properties will continue to see opportunities in its core office and multifamily sectors, chasing deals in markets that include Northern Virginia, New York, and Southern California. Indeed, the firm has completed transactions in its target markets this year, including refinancing $888m of debt on a portfolio of office buildings in Rosslyn, Va., acquiring the 300,000-square-foot Beauregard Office Park in Alexandria, and closing on Spectrum Tower in Laguna Hills, Calif. “We have several more deals in the office and multifamily space, in and around New York, Washington, and other gateway markets,” Westreich said.