Texas-based real estate investment firm Paramount Investments has appointed Gregory M. Smith as its new chief operating officer. The appointment became effective January 1, 2015. Previously, Smith served as a director with Moran & Company.
Grapevine, Texas (PRWEB) January 06, 2015
Paramount Investments, a full service Real Estate Investment Company, based in Grapevine, TX announced that it has hired Gregory M. Smith as it’s new Chief Operating Officer effective January 1st, 2015. Smith will report directly to Paramount’s Founder and Chairman, Roland Stewart III.
“Greg Smith is a seasoned and trusted leader who consistently delivers results and we are thrilled to have him lead our company into the future. He is uniquely qualified to drive the strategic vision we have established for Paramount and is laser-focused on continuing our goal of operational excellence and giving back to the communities we serve,” said Roland Stewart, Chairman and Chief Executive Officer.
“I have had the pleasure of working with exceptional organizations during my career and am looking forward to continuing with another one in Paramount Investments, which I have held in high regard for many years,” said Greg Smith.
Smith is a licensed CPA and has extensive experience with Fortune 500 companies in finance and transactions including Goldman Sachs and The Walt Disney Company. His experience encompasses real estate transactions, commercial lending, accounting, international trade, and asset management. He began his career with the Financial Accounting Foundation and Cooper & Lybrand CPA’s. While at Goldman Sachs he managed investment sale transactions selling real estate and investment entities representing multifamily and other property types as well as overseeing asset operations for real estate properties.
Prior to joining Paramount, Smith performed multifamily investment advisory services as a Director with Moran & Company. During his career he executed over $2 Billion worth of real estate transactions. Smith has an MBA from Texas Christian University and completed his undergraduate studies at Texas A&M University. Smith is a Member of the National Multi Housing Council (NMHC) and is Vice-Chairman of the Board of Trustees for Covenant Christian Academy in Colleyville, TX. He is married and has three children.
Paramount Investments was formed in 1990 as a full service Real Estate Investment Company for equity investments in new developments and existing properties through limited partnerships. Since it’s inception, Paramount Investments has provided over $1 Billion in investment funding for a variety of investments in commercial real estate and various investment structures of public and private companies.
Paramount provides their clients and partners with outstanding real estate acumen at the highest level of professionalism. From Property Identification, Development, and Management, Paramount remains committed to maximizing returns through its attention to detail and a thorough understanding of the dynamics of the real estate industry. Paramount liquidated all of its assets prior to the 2008 economic downturn and waited for three years before re-entering the investment markets in 2011. They understand the importance of timing and constantly monitor the changing economic and real estate environment. The management team at Paramount believes that it’s not enough to simply provide real estate services, but that it’s role is to act as a true business advisor providing information analysis and tailored business solutions for a wide variety of real estate needs.
Chairman/CEO Roland Stewart said “I feel strongly that the caliber of our people and the quality of our research sets us apart from our counterparts in the industry. We are positioned to quickly adapt to the changing marketplace and the needs of our diverse clientele. We focus on capital preservation first, and then return. Our targets and history of achievements have delivered double-digit returns for the past 25 years.”
Under Stewart’s direction Paramount is committed to giving back to the communities it serves and donates a portion of its annual earnings to various local charities and non-profit organizations focusing primarily on veterans, young adults and single parents.