Rose Associates Promotes Two Veteran Officers To Senior Managing Director Positions
Posted On October 14, 2014
Rose Associates, the New York-based full-service real estate firm, announced today that two of its veteran Managing Directors have been promoted to Senior Managing Director positions. Each executive will lead specific portfolios within the firm’s growing property management division.
Mitchell S. Gelberg, 52, who has been with Rose for 20 years, has been named Senior Managing Director, Multi-Family Portfolio. Gelberg will oversee operations for Rose’s rental portfolio, including property management and leasing.
Mark Motley, 60, a Rose officer for 10 years, has been named Senior Managing Director, Owner-Occupied and Institutional Portfolio. Motley will focus his efforts on cooperatives, condos and cond-ops. He will also oversee management of residential buildings owned by Rose’s medical and educational clients.
“Mitch and Mark have helped lead Rose’s property management division for many years, maintaining the satisfaction of our clients and helping to foster the growth of our company,” said J. Brian Peters, chief operating officer of Rose. “Property management has long been a cornerstone of our company, and I am pleased that this important services division will continue to grow under the direction of these two officers.”
Rose currently manages 26,000 apartments throughout New York City. The portfolio is comprised of approximately 125 cooperative, condominium and rental properties. The split between owner-occupied and rental units is nearly even, with slightly more than half of all Rose-managed apartments being rentals.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.