Larken Associates added a 30-year industry veteran to its executive team, hiring David Iacobucci as chief investment officer.
In his new position, Iacobucci will lead work to source new capital and evaluate new investments to expand the Branchburg-based firm’s portfolio of multifamily, office industrial and retail properties. According to an Oct. 5 announcement about the appointment, he’ll collaborate with President and CEO David Gardner and CFO Babette Rutman as the company continues to grow and profitably manage its investment portfolio.
“As we continue to grow our leadership team, it’s extremely important for us to hire deeply experienced professionals who also share a common interest in positively impacting the communities where we operate,” Gardner said in the announcement. “With the addition of David to our team, we have taken yet another step toward accomplishing this goal and we’re simply thrilled to have him on board.”
Iacobucci most recently served as senior investment officer for Iselin-based Bergman Real Estate Group. His other past experience includes serving as senior vice president at Mountain Lakes-based Vision Real Estate Partners, as managing director of Woodmont Industrial Partners, as division manager of The Baker Cos., and as vice president of asset management of The Schultz Organization.
“I’ve been honored to help some of the commercial real estate industry’s most successful firms execute countless investments throughout the over 30 years I have been active in the business,” Iacobucci said in a prepared statement. “From my first meeting with the Larken Associates team, it was clear that their community-focused development philosophy made it the ideal place for me to continue my career. I am excited to help them grow and bring their visions to life across New Jersey and Pennsylvania in the years to come.”