March 17, 2017
David Donato Named SVP for CRC
Executive will oversee both the Commercial and Multifamily Divisions of the company
Continental Realty Corporation, a Baltimore-based commercial real estate investment and management company, has named David Donato to the position of Senior Vice President. In this role, he will oversee both the Commercial and Multifamily Divisions of the company. Mr. Donato, who was formerly Senior Vice President – Commercial Division, has worked with the company for over 15 years.
In his new role, Mr. Donato will oversee the day-to-day functions of Continental Realty’s multifamily portfolio which consists of nearly 10,000 apartment units positioned throughout the Mid-Atlantic and Southeast region of the United States. His new responsibilities in the Multifamily Division include the oversight of all leasing and property management operations across the portfolio, including back office support of field functions, marketing, and construction project management. Mr. Donato will continue to be part of the team that identifies potential acquisition opportunities and assists with due diligence efforts.
Over the past eighteen months, Continental Realty Corporation has acquired four new apartment communities in Greenville, South Carolina; Tampa and Rockledge, Florida; and Owings Mills, Maryland cumulatively consisting of nearly 1300 units.
Mr. Donato will maintain his responsibilities managing the complete functions of the in-house teams responsible for the leasing and operation of more than three million square feet of commercial office and retail space. Continental Realty has acquired four retail shopping centers in Coral Springs, Florida; Birmingham, Alabama; Orlando, Florida and Charleston, South Carolina since 2015.
“David continues to demonstrate his strong leadership skills and represents the ideal professional to assume a dual role overseeing the Commercial and Multifamily divisions of the company,” stated J.M. Schapiro, Chief Executive Officer of Continental Realty Corporation. “We feel especially confident about this decision based on the tremendously experienced team we have built within both divisions, which will provide David with the support and depth he needs to function in both capacities. David is widely respected in the commercial real estate industry, and consistently provides critical thinking to support our strategic planning and education initiatives. He brings value to every task and we have the highest confidence in his abilities.”
Donato has more than 18 years of diversified real estate experience and earned a Bachelor of Arts Degree from Dartmouth College and a Master of Business Administration from Loyola University Maryland. Mr. Donato is a member of the International Council of Shopping Centers, NAREIM, and National Apartment Association.
Continental Realty Corporation, headquartered in Baltimore and founded in 1960, is a full-service commercial real estate investment and management company. The privately-owned firm owns and manages a diversified portfolio of retail centers consisting of over 3.5 million square feet of space, as well as apartment communities featuring nearly 10,000 apartment homes. Positioned throughout the Mid-Atlantic and Southeast regions, the value of the portfolio exceeds $1.5 billion. For additional information, visit www.crcrealty.com.
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