Crescent Resources names VP of residential investments
Published: October 23, 2012
Time posted: 12:04 pm
CHARLOTTE — Crescent Resources said Tuesday that it has named Jaime Pou vice president of investments, a position in which he will lead the underwriting and financing of residential real estate projects for the Charlotte-based developer.
Crescent, in a press release, said Pou’s position is a new one for the company. He will be in charge of making investment recommendations and help guide Crescent’s strategy for its residential real estate portfolio.
In the release, Andy Carmody, president of Crescent’s residential division, said Pou will “help us make smart investments and good decisions about our current and future residential holdings. Jaime is a welcome addition as we seek new investments in our target markets.”
Pou is a former vice president of real estate corporate banking for Bank of America Merrill Lynch, where he was part of the national relationship management team overseeing real estate investment trusts and large public and private real estate operating companies and investment funds, Crescent said in its release.
Before that, Pou was vice president of investments at Babcock & Brown Residential. He has also served as an associate in real estate investment banking for Banc of America Securities, an investment-banking subsidiary of Bank of America before its acquisition of Merrill Lynch.
According to the press release, Pou earned a master’s degree in business administration from The Wharton School and a master’s degree in international studies from The Lauder Institute at the University of Pennsylvania. He also earned a bachelor’s degree in business administration from Emory University.
Crescent Resources, founded in 1969, has 20 master-planned communities and seven multifamily communities with 2,200 units under development and another 2,900 multifamily units in predevelopment, according to its press release. The company also said it owns more than 75,000 acres of land across its four divisions, including 1,400 acres zoned for a variety of commercial uses.
Pou could not be immediately reached for comment.