National real estate investment and development firm Saxum Real Estate has brought on a new chief operating officer.
On March 10, the Summit-based firm announced David King as COO. He joins Saxum after what the company described as “a year of unprecedented growth,” to increase productivity and streamline processes across the company’s expanding vertically integrated platform.
“We are incredibly excited to welcome David to the Saxum team,” said founder and Managing Principal Anthony Rinaldi in a prepared statement. “Saxum’s growth has been exponential over the last few years and David’s significant experience in helping to scale platforms and portfolios across the country will only further assist Saxum’s continued expansion.”
King brings more than 30 years of experience with him to the new position. Most recently, he served as executive vice president and director of real estate operations at STAG Industrial, Saxum said, where he was directly involved with setting strategy and driving scalable processes for rapid, and national, portfolio growth and expansion.
In that role, King oversaw a team of 30 people across leasing, management, construction, development, forecasting and analytics, dispositions, customer solutions and market research.
While with the publicly traded real estate investment trust, Saxum said the company’s industrial portfolio expanded under King’s leadership from 14 million square feet to more than 100 million square feet. Additionally, his eye toward active portfolio management drove Net Operating Income from $40 million at IPO to more than $450 million with strategic dispositions of more than $870 million in value, according to Saxum.
Prior to being named executive vice president, King served as managing director at STAG Industrial for six years.
He is a member of the Council of Supply Chain Management Professionals, the International Asset Management Council and the Warehouse Education Resource Council.