Rick Egitto joins Avison Young in Denver

Industry veteran to lead investment sales practice, help build local capital markets group

DENVER, CO, June 15, 2016 /PRNewswire/ - Alec Wynne, Avison Young Principal and Managing Director of the firm's Denver office, announced today the strategic hiring of commercial real estate industry veteran Rick Egitto.

Effective immediately, Egitto becomes a Principal of Avison Young and will lead the firm's investment sales practice in Denver. Working closely with Wynne, he will also help build the Denver office's investment sales and capital markets group. Egitto brings 35 years of commercial real estate experience to Avison Young, most recently as a brokerage leader with Inverness Properties in Denver.

"We are thrilled to have Rick join us in Denver," comments Wynne. "Rick has a very diverse background for an investment sales professional. He takes a hands-on approach to serving his clientele, and we look forward to having him grow our institutional client base. Additionally, we believe that Rick will add value beyond his core competency in investment sales. Due to his wide-ranging prior management and brokerage experience, we fully expect that Rick will contribute to our library of best practices in management and recruiting."

During his career, Egitto has completed more than $1 billion worth of acquisitions and dispositions of real estate equities on behalf of major institutional clients, including life insurance companies, pension fund advisors, banks, developers and other investors. His notable clients have included Grosvenor Investment Management U.S., Principal Capital Management, Alliance Commercial Partners, JP Morgan, Invesco, Anchor National Life (SunAmerica), Northstar Commercial Partners, KEW Realty, Northstar Bank and numerous private companies.

Egitto relocated to Denver from South Florida in 2001 to become the Western Region Managing Director for Crimson Services, LLC. While with Crimson, he grew the firm's revenue base from zero to more than $2 million by 2007. Before then, he led Trammell Crow Company's South Florida brokerage operation, after initially joining the firm as a principal and boosting its investment sales transaction value from less than $25 million to $100 million in his first year with the company. Egitto has also held senior real estate brokerage leadership positions with Faison & Associates in Boca Raton, The Galbreath Company in Fort Lauderdale, Lehrer & Company in Fort Lauderdale, LaSalle Partners Limited in Boca Raton, and Metropolitan Life Insurance Co.

He has earned numerous industry accolades during his career, including multiple Denver Metro Commercial Association of Realtors (DMCAR) "Heavy Hitter" and "Small Office Broker" awards. He has also been recognized as one of the top investment brokers in all of metro Denver by DMCAR.

"I have known several of the top Avison Young brokers based along the East Coast for many years and am very impressed with the assembled team," says Egitto. "Not only did they give me assurance of the quality of the firm, but they also provided a great referral network of quality professionals for me to grow the investment sales business with. Locally, I am impressed with the young and diverse team on board, and look forward to helping further grow the Denver office while collaborating with my new colleagues across the U.S., Canada, Mexico and Europe."

Egitto has been active in the commercial real estate industry as a member of NAIOP, the International Council of Shopping Centers, Castle Rock Economic Development Council, Denver South Economic Development Partnership and DMCAR. During his tenure in Florida, he served as the inaugural president of the Society of Commercial Realtors of the Realtor Association of Greater Fort Lauderdale.

In the community, Egitto has led the capital campaign for the initial construction of the Lone Tree Arts Center and, until recently, served on the Board of the Lone Tree Arts Center Foundation. He is also active with Leadership Douglas County, which is a program for established and emerging leaders. In Florida, he was active with Leadership Boca Raton, Leadership Broward, and New Directions, the young professionals group within the American Cancer Society (ACS). His other volunteer work for ACS has included serving as a Board member, chairing the Making Strides Against Cancer move-along-a-thon fundraiser, and co-founding Gilda's Club of South Florida, a cancer wellness facility.

Egitto holds a Bachelor of Science degree in risk management/insurance and real estate from Florida State University. He has also obtained a Certified Commercial Investment Member designation.

Over the past seven years, Avison Young has grown from 11 to 77 offices and from 300 to more than 2,200 real estate professionals in Canada, the U.S., Mexico and Europe. 

Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,200 real estate professionals in 77 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.

• Editors/Reporters
Please click on link to view and download photo of Rick Egitto:
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/Rick%20Egitto%20Denver.jpg

For further information/comment/photos:

• Sherry Quan, Principal, Global Director of Communications & Media Relations,
  Avison Young: 604.647.5098; cell: 604.726.0959
  
• Alec Wynne, Principal and Managing Director, Denver, Avison Young: 720.508.8112
  
• Rick Egitto Principal, Avison Young: 303.390.0955
  
• Earl Webb, President, U.S. Operations, Avison Young: 312.957.7610
  
• Mark Rose, Chair and CEO, Avison Young: 416.673.4028

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SOURCE Avison Young Commercial Real Estate (BC)

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