Five years ago, Steve Bell shared his plan of building an institutional-level platform at the company he built — Greensboro-based Bell Partners. At that time, he was busy bringing in talent from REITs as his son Jon stepped into the president's role.
Yesterday, marked another evolution at Bell Partners as Jon was promoted to CEO and AvalonBay alum Lili Dunn, the current chief investment officer, was named president. Steve Bell, the chairman and CEO, will continue as Chairman of the Board of Directors. The changes are effective February 1, 2016.
Here's more from yesterday's press release:
Jon Bell will continue to provide strategic direction and overall oversight for the company with Ms. Dunn now tapped to oversee the tactical execution of the company's strategic plan. Ms. Dunn will continue to oversee the company's Investment Services Group, and will now also have the Management Services Group, and Financial Services Group report to her. Ms. Dunn will report directly to Jon Bell.
Steve Bell, Chairman of the Board, said: "We have been very focused on fortifying our leadership team and building an evergreen company, as represented by these leadership changes. We have a world-class management team and I am particularly pleased that we are making these changes as we start 2016, the 40th year of our founding."