Avalon Developer Names New Chief Investment Officer

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North American Properties this week announced the promotion of Tim Perry to chief investment officer and the appointment of Donel Autin as chief financial officer.

The changes in leadership come to more efficiently serve the growing multi-regional real estate operating company that has acquired, developed and managed more than $5 billion of retail, multifamily, mixed-use and office properties across the U.S.

“NAP has experienced explosive growth as we continually meet and exceed the expectations of our operating partners, business partners and investors,” said Mark Toro, managing partner for NAP. “In fact, we’ve grown from 120 associates at the start of 2011 to more than 250 associates today. We’re confident this shift in leadership will fuel our progress and future investments.”

Perry joined NAP in January 2009 and has been heavily involved in many of NAP’s national real estate acquisitions and financings – including Alpharetta-based Avalon and Atlantic Station locally – as the director of investments. His new responsibilities as CIO include evaluation and capitalization of NAP’s entire national real estate portfolio, providing investment recommendations regarding buy/hold/sell decisions, overseeing both development and operating asset management and risk management efforts. Perry will continue to work out of NAP’s Atlanta offices.

“I’m honored to accept this position and continue to support our growth as we approach $1.5 billion in capital transactions within the next 12 months,” said Perry. “With successful projects like Avalon and Atlantic Station under our belt, we’re looking ahead to the next headliner development opportunity for NAP.”

Autin was most recently CFO for xpedx, the $6 billion distribution business of International Paper located in Cincinnati. He was instrumental in the spinoff of xpedx from IP, its merger with Unisource Worldwide and its subsequent IPO to form Veritiv. His strong financial background, as well as his experience in strategic planning, organizational management, process implementation and business transformations are a great fit for the NAP team as they continue to execute long-term plans in real estate as well as our other business enterprises. He will work out of NAP’s headquarters in Cincinnati.

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Photo: Tim Perry. Credit: North American Properties