Melanie Gangel, formerly an asset manager at Divco West Real Estate Services, has joined TRECAP Partners as a vice president of asset management. She will work out of the real estate investment advisor's San Francisco office.
According to Gene Conway, TRECAP's senior vice president and managing director for asset management, Gangel joined the Philadelphia-based firm to help expand its West Coast footprint. “TRECAP continues to expand its investment portfolios in important markets along the West Coast, including Seattle, the San Francisco Bay Area and Southern California, and Melanie is an important addition in strengthening our regional asset management team,” he said in a statement.
Prior to joining TRECAP, Gangel was an asset management and acquisitions executive at Divco West, where she managed portfolio assets throughout the Western United States across both the commercial and residential sectors. Prior to joining Divco in 2004, she had been a senior consultant at Ernst & Young and an engineer for Environmental Resolutions.
TRECAP’s portfolio includes 21,532 multifamily units, 3.8 million square feet of office space, 2.8 million square feet of retail space, 2 million square feet of mixed-use real estate and 540,000 square feet of industrial space. According to its website, the firm had $3.6 billion in assets under management as of the end of 2010.