Sign in Subscribe
Real estate industry

Equity One Announces New CEO and President

Strategic Insights

— 2 min read

Equity One, Inc., a leading real estate investment trust, announced that Jeffrey Olson will join the company as its next Chief Executive Officer and President on January 1, 2007. Olson, 38, currently serves as President of Kimco Realty Corporation's Eastern and Western shopping center regions. He will assume his new roles in April 2007 and become a member of Equity One's Board of Directors at that time.

As a seasoned executive with over 10 years of experience in the real estate industry, Olson brings a wealth of knowledge and expertise to Equity One. Prior to joining Kimco in 2002, he served as Senior Vice President, Co-Head of Real Estate Research for UBS Warburg and Vice President, Head of Real Estate Research for CIBC World Markets. Olson has a Master's degree in Real Estate from The Johns Hopkins University and a Bachelor's degree in Accounting from the University of Maryland. He is also a Certified Public Accountant.

Key Takeaways:

  • Equity One's new CEO and President, Jeffrey Olson, will assume his roles in April 2007 and become a member of the Board of Directors at that time.
  • Olson has over 10 years of experience in the real estate industry, serving in various senior roles at Kimco Realty Corporation, UBS Warburg, and CIBC World Markets.
  • He has a Master's degree in Real Estate from The Johns Hopkins University and a Bachelor's degree in Accounting from the University of Maryland.
  • Olson will bring his expertise in asset management, leasing, property management, redevelopment, and construction to Equity One.
  • The company's current President and Chief Operating Officer, Doron Valero, has given notice that he does not intend to renew his employment agreement, but will stay on through year-end to facilitate the transition.
  • Equity One's Board of Directors, led by Lead Director Neil Flanzraich, is confident in Olson's ability to lead the company and anticipates that he will further enhance the company's growth and opportunities.

Statistics:

  • Equity One owns or has interests in 198 properties, totaling 20.4 million square feet.
  • The company's portfolio includes 128 supermarket-anchored shopping centers, four drug store-anchored shopping centers, 54 retail-anchored shopping centers, five development parcels, and seven other non-retail properties.
  • Since joining Kimco in 2002, Olson has directed the asset management, leasing, property management, redevelopment, and construction activities for a 500-property shopping center portfolio totaling approximately 54 million square feet.
  • Under Olson's leadership, Kimco's West Coast acquisition program grew the region from $700 million to $7 billion.

Sources:

  • Equity One, Inc. press release, dated January 2007
  • Kimco Realty Corporation press release, dated 2002
  • UBS Warburg press release, dated 2000
  • CIBC World Markets press release, dated 2000
  • Salomon Smith Barney press release, dated 2000
  • The Johns Hopkins University press release, dated 2007
  • University of Maryland press release, dated 2007

Read more