Former Marquette Financial Companies executive joins
United Properties executive tea
MINNEAPOLIS (Nov. 7, 2016) – United Properties announced today that Bruce McGrath has joined United Properties as the company’s chief risk officer, effective Nov. 1, 2016.
In his new role, McGrath, 55, will be a member of the United Properties executive team and will be responsible for leadership of enterprise risk management across the organization’s development, investment and senior housing businesses. He will report to Eva Stevens, president and chief operating officer, who co-manages the company with Bill Katter, president and chief investment officer.
McGrath brings more than 20 years of experience in the area of risk management, including tenure with the Pohlad-owned Marquette Financial Companies prior to its sale to UMB Financial in 2015. Since that time, McGrath has served as UMB’s executive vice president and chief regional credit officer, responsible for the credit function and portfolio risk at both the holding company and subsidiary level, including specialized lending units and commercial real estate, as well as commercial and retail banking.
“United Properties today manages a significant balance sheet, including a new capital infusion from our owners to help expand our Cherrywood Pointe senior housing,” Stevens said.
“We are very pleased to welcome Bruce back to the Pohlad organization, and to United Properties, and know that he will be an important partner as we address the increasing complexity of our business model and our plans to grow,” she said.
b>Media Contacts
For United Properties:
Sheila Thelemann
952.837.8654
sheila.thelemann@uproperties.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
