National Production Managers and Life Company
Platform Manager are Among Other Key Appointments Driving the Next
Phase of Business Growth
BALTIMORE, Jan. 23,
2024 /PRNewswire/ -- M&T Realty Capital
Corporation (M&T RCC), a wholly-owned subsidiary of M&T
Bank specializing in providing competitive financing nationwide for
multifamily properties, commercial income properties, healthcare
facilities, and other property types, announces a series of
organizational changes designed to position the business for
continued growth and expansion. Michael
Edelman, currently serving as President, will succeed
current CEO Michael Berman, who will
transition to the role of Executive Advisor. Both executives will
continue to report to Tim Gallagher,
M&T Bank Head of Commercial Real Estate, and Berman will remain
a member of M&T RCC's board.
"Michael Edelman's experience and
leadership will be instrumental in driving our initiatives within
M&T RCC," said Gallagher. "In his new role as Executive
Advisor, Michael Berman will
continue contributing invaluable insight, driving M&T RCC's
continued success.
Edelman joined M&T in 2016 as M&T RCC Agency Product
Manager and has been in the role of President since February 2022. He is an experienced CRE finance
executive with over 25 years of mortgage banking experience and has
been involved in more than $6B of
transactions throughout his career.
"I am honored to lead this team as we expand access to capital
markets and grow our strategic partnerships," said Edelman.
"M&T RCC has seen significant success under Michael Berman's leadership, and I look forward
to our continued work together and exploring new opportunities in
the next phase of our business."
Berman joined M&T RCC in 2019 and has transformed the
M&T commercial mortgage real estate business. Under
Michael Berman's leadership, M&T
RCC has seen four years of sustained growth, including new
strategic arrangements such as the alliance with Marcus and
Millichap.
Additional leadership appointments include:
- Mark Gould and Joe Pizzutelli have been named as Co-Heads of
M&T RCC National Production. Gould will manage the
organization's relationships with Freddie Mac and Fannie Mae,
oversee M&T RCC's strategic partnership with Marcus and
Millichap, work with M&T Bank Institutional client
relationships, and spearhead new growth strategies and
partnerships. Pizzutelli will focus on expanding current M&T
Bank Institutional Commercial Real Estate (ICRE) client
relationships, as well as deepening and developing new partnerships
within M&T Bank's ICRE, Debt Capital Markets, and Investment
Banking teams.
- Kevin Collins has been
named M&T RCC Life Company Platform Manager. In his
new role, Collins will be responsible for overseeing Life Company
production, managing our relationship with numerous capital
sources, and continuing to grow the Life Company platform.
Don Pettit, the previous Platform
Manager, will remain part of the team, assisting Collins in the
transition.
All the positions announced above will report directly to
Tim Gallagher and are effective
immediately. For more information on M&T RCC, please visit the
M&T Realty Capital Corporation website.
About M&T Realty Capital Corporation
M&T
Realty Capital Corporation® (www.mtrcc.com) is a
wholly-owned subsidiary of M&T Bank (NYSE: MTB) – the principal
banking subsidiary of the M&T Bank Corporation, one of the top
15 U.S.-based commercial bank holding companies. M&T Realty
Capital Corporation specializes in providing competitive financing
nationwide for multifamily properties, commercial income
properties, and healthcare facilities. M&T RCC is a fully
accredited Fannie Mae DUS® lender, a Freddie Mac
Optigo® lender, an approved FHA/HUD MAP and LEAN lender,
and offers life insurance company and CMBS financing through
correspondent relationships.
Equal Housing Lender. ©2023 M&T
Realty Capital Corporation. Member FDIC. NMLS
#1024366.
M&T Realty Capital Corporation is a wholly
owned subsidiary of M&T Bank, Member
FDIC.
"DUS®" is a registered trademark of
Fannie Mae. "Optigo®" is a registered trademark of
Freddie Mac.
Media Contacts:
M&T Realty Capital Corporation
Imani Green
267-201-5647
igreen@mtb.com
M&T Bank Corporation
Frank Lentini
flentini@mtb.com
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SOURCE M&T Bank Corporation